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A Short Story About Why You Cannot Buy A House

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Manage episode 522295600 series 2780780
Content provided by Economics Explained. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Economics Explained or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Home ownership is now unattainable in every major city worldwide. For the first time, none of the 95 cities tracked by Demographia are considered affordable. In cities such as Hong Kong (14.4 times income), Sydney (13.8 times), Vancouver, London, and San Francisco, housing prices range from 9 to 30 times the average household income. Essential workers, including teachers and nurses, as well as young families, are being priced out of the cities they support. This raises critical questions about how housing became a leading investment asset, whether prices will continue to rise, and what measures are needed to address the global housing crisis.

Learn more about your ad choices. Visit megaphone.fm/adchoices

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285 episodes

Artwork
iconShare
 
Manage episode 522295600 series 2780780
Content provided by Economics Explained. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Economics Explained or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Home ownership is now unattainable in every major city worldwide. For the first time, none of the 95 cities tracked by Demographia are considered affordable. In cities such as Hong Kong (14.4 times income), Sydney (13.8 times), Vancouver, London, and San Francisco, housing prices range from 9 to 30 times the average household income. Essential workers, including teachers and nurses, as well as young families, are being priced out of the cities they support. This raises critical questions about how housing became a leading investment asset, whether prices will continue to rise, and what measures are needed to address the global housing crisis.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

285 episodes

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