The REAL reason behind the housing crisis

as long as housing is seen as an investment, it will never be affordable

Corporate landlords in the UK are going to be the norm, like the US. Job of government is to protect the public against corporate monopoly. Instead they do the opposite.

I had two lightbulb moments in this video where now I actually get it: 1. it's not houses going up, it's all assets 2. mortgages are assets from the lender's perspective These things seem painfully obvious now that you've laid it out like this. When you said you were going to explain the housing crisis, I didn't expect you to actually explain it. We've heard a hundred rehashings of the same thing, like "we need more supply", but it has always been an unsatisfying analysis, and now it's clear why. I think you've absolutely succeeded in one of your goals of this channel, to explain economics in a way that's understandable to the ordinary person. Now I just don't understand how these things aren't painfully obvious to the other tens of thousands of analysts you see and hear on the news.

I think it’s good to refresh (formerly) old videos like this. I certainly didn’t see the previous one. Thank you for doing so!

Singapore isn't perfect. Housing is too expensive in Singapore, too. But one of the smartest things Singapore's government does is levy onerous Additional Buyer's Stamp Duty (ABSD) on foreign (non-citizen, non-permanent resident) home buyers, non-natural person (corporate, trust, etc.) home buyers, and individuals buying second or Nth homes. These ABSD rates range from 20% (Singaporean citizen buying a second home) to 65% (any entity that's not a natural person buying any home). ABSD is on top of ordinary BSD. ABSD is reasonably effective in keeping the wealthiest individuals and entities from outbidding buyers with zero or perhaps one home. There are some other smart housing policies, but that's one of them. The U.K. government and other governments could adopt ABSD tax rules too.

"When you're accustomed to privilege, equality for others feels like oppression."

We need to seriously question the morality of daytime tv shows that showcase landlords buying a property, investing a few thousand on refurbishment then renting it out. Some how this is acceptable as daytime entertainment. The truth is it’s contributing to the treatment of the poor as a means to wealth

Years ago I worked for a company building housing and I never got my head around where they went for luxury stuff over a smaller margin item that there was massive amounts of desperate demand. I thought they were just woefully out of touch within their own little bubble… turns out they were rich people building for rich people… thanks this has explained what was happening then and why.

I think it’s a double whammy because housing is both an asset and a necessity unlike stocks or gold. People don’t need stocks and gold, they need houses, the rich merely want them.

22:26 as someone with ADHD, the coffee grab immediately abandoned because you can't be torn away from the point you're making is immensely relatable to me.