Has the housing sector downturn been a surprise?

John Beacham, CEO of Toorak Capital Partners, is the latest big name to join MPATV. He describes his firm as a private version of Freddie Mac and Fannie Mae. Here he explains why the issue of affordability is so important, whether or not the housing industry downturn has been a surprise, and whether the space will ever return to what it was before the pandemic.