About this episode
Why are house prices in the UK so high? Here's how we can make housing affordable for ordinary people again.
What I discuss in this episode:
(00:00) Intro
(01:26) Why every city in the world has a housing crisis
(04:00) Understand that housing is an asset like shares, bonds, commodities
(07:40) Economists miss why assets are going up11:55 How rich people push up asset prices (and house prices)
(14:15) Wages do not control house prices
(16:33) Should we just build more housing?
(18:33) Inequality is reshaping our cities and creating slums
(21:27) Why we can't get growth
(24:13) The problem is inequality
(25:09) Cutting red tape and Grenfell Tower
(26:06) The rich always decide – we need to reduce their wealth
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