Do You Ever Wonder...The Hallmark Abstract Service Podcast
The Do You Ever Wonder podcast from Hallmark Abstract Service was created for one purpose...To explore topics that our listeners want to learn more about! To achieve this we invite expert guests to discuss their specific areas of expertise with our host, Hallmark Abstract Service CEO Mike Haltman. We are always looking for input from listeners about what they would like to hear about and learn about. We have spoken with 1-800-Flowers founder Jim McCann, Heroes To Heroes Foundation founder Judy Elias, ’The Everyday Entrepreneur’ Rob Basso, Ellen Leikind of Poker Divas, women's financial literacy crusader Cary Carbonaro, and so many more. We explore subjects ranging from health and nutrition, real estate, personal finance, entrepreneurship, business, career, science, philanthropy, and of course issues we all face in life!
Episodes can also be heard at Padverb here: https://en.padverb.com/hallmark1
Do You Ever Wonder...The Hallmark Abstract Service Podcast
Was the 2008 Housing and Financial Crisis Misdiagnosed?
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Was the 2008 Housing Crisis Misdiagnosed? Kevin Erdmann on Supply, Policy, and the Myths We Still Believe
You don’t have to agree with every conclusion—but you do need to understand the argument.
What if the biggest mistake of the 2008 financial crisis wasn’t reckless lending or mass overbuilding—but a fundamental misdiagnosis of the problem itself?
In this episode, we speak with Kevin Erdmann, senior scholar at the Mercatus Center and author of Shut Out, whose research challenges the mainstream narrative of the Great Financial Crisis.
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Subscribe to Do You Ever Wonder for deep, non-consensus conversations on housing, real estate, policy, capital markets, and much more!
Like, comment, and share if this episode challenges your assumptions.
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Erdmann argues that the U.S. did not suffer from a nationwide housing oversupply in the 2000s. Instead, America entered the crisis with too few homes in the places people most wanted to live—and policymakers responded to the crash by tightening credit and regulation in ways that deepened the downturn and locked in today’s housing shortages.
This is a calm, data-driven conversation—not a hot take—about how housing supply, migration, zoning, and financial policy interacted in ways we still misunderstand.
Topics discussed:
Why Erdmann believes the U.S. never had a classic national housing bubble
The difference between “closed-access” cities (NYC, SF, LA) and “contagion” cities (Phoenix, Florida markets)
How migration and regional price signals distorted national narratives
Why post-2008 credit tightening and regulation worsened the recession
What policymakers got wrong about housing risk and financial stability
How zoning laws and NIMBYism turned housing scarcity into a long-term crisis
Whether today’s housing market resembles 2006–2007—or something entirely different
Who bore the real costs of housing shortages—and who benefited
What investors, homebuyers, and policymakers are still misunderstanding today
Why this matters now
With housing affordability stretched, supply constrained, and rates reshaping demand, Erdmann’s framework offers a critical lens for understanding:
Why prices remain high
Why building hasn’t kept up with demand
Why repeating old policy assumptions could make today’s crisis worse
You don’t have to agree with every conclusion—but you do need to understand the argument.
Subscribe to Do You Ever Wonder for deep, non-consensus conversations on housing, real estate, policy, capital markets, and much more!
Like, comment, and share if this episode challenges your assumptions.
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Please subscribe to Do You Ever Wonder using the two links below, and don't be shy about sharing the podcast with your friends.
Subscribe to Do You Ever Wonder on YouTube here: / @doyoueverwonder943
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