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Who's getting rich from your mortgage?

2025-02-23 Education
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Garys Economics
Garys Economics
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Description

Who actually ends up with that mortgage payment you make every month? Spoiler: it's not the bank. Previous videos mentioned in this video: Debt - https://www.youtube.com/watch?v=KLQlOK3AWSs What is Money - https://www.youtube.com/watch?v=_gcNMu40jqs&ab_channel=GarysEconomics Flows of Wealth - https://www.youtube.com/watch?v=KdOU-KfIuQU&t=748s&ab_channel=GarysEconomics How the Rich get Rich from Covid-19 - https://www.youtube.com/watch?v=EiblHqbpXHs&t=3s&ab_channel=GarysEconomics Timestamps 00:00 Intro 01:38 Credit and debt explained 06:25 Morgage credit 08:00 Flows of wealth 09:16 How the rich buy property 13:02 Governments and banks 15:35 Should you get a mortgage? UNDERSTAND, SHARE & PUSH BACK SPOTIFY - https://open.spotify.com/show/2807p01KIe4RRFjRTB5o25 INSTAGRAM - https://www.instagram.com/garyseconomics TIKTOK - https://www.tiktok.com/@garyseconomics BLUESKY - https://bsky.app/profile/garyseconomics.bsky.social X - https://twitter.com/garyseconomics FACEBOOK - https://www.facebook.com/garyseconomics PATREON - https://patreon.com/garyseconomics DISCORD - https://discord.gg/vqME6WsPd7 WEBSITE - https://www.garyseconomics.org SUBSCRIBE, SHARE & START A CONVERSATION Performed by Gary Stevenson @garyseconomics

Top Comments (10)

@erik1975 2025-02-23

A man that could use his time on making millions of dollars chooses to use his time to inform and help people that really are in need. Be proud of your work because the world needs this.

3.7k 122 replies
@markknoop777 2025-02-23

At this rate you are going to become the most important person of our generation. I hope people are listening.

1.3k 18 replies
@grahamberrie2462 2025-02-25

Saw you on Piers Morgan, they don’t know what to do with your integrity, there is no stopping you Gary

1.1k 16 replies
@f0xylady100 2025-02-23

Just finished reading Gary's book. I wasn't expecting to laugh so much, and the end left me with a lump in my throat. Just brilliant!

766 21 replies
@johnners911 2025-02-24

A little anecdote, not about mortgages but related to the wider debate. I recently discovered a little family run home bakery not far from where I work. They make the best bread, pastries, sweet and savoury treats and sell takeaway teas and coffees etc. Nothing unusual about that, you might say, but listen up.... Two cups of tea, a delicious, large, fresh and hot sausage roll, a freshly made, full cream chocolate eclair and a delicious home made pineapple cream bun, all for less than a £5. I was really surprised as it's on a main road with many chain coffee shops, "funky" cafes and other assorted food takeaway establishments, where a tea or coffee alone is usually around £3 or more. It struck me that all those other businesses are paying rent on their premises and therefore need to hike their prices up to stay afloat, whereas the small family bakery was owned outright, and had been for years. There are three full time employees there, running the place with a genuinely friendly attitude ( The third time we went there, they had our teas ready before we even asked, two sugars in one and none in the other). The only way this is possible is by cutting out the rentier part of the equation, and everyone benefits, except the landlord. It struck me how much we are being ripped off without even realising, paying £3 for a cup of tea is ridiculous when you think about it, yet we do it without thinking, so that someone else can get rich, and it's not the people people providing the tea and cakes. I am old enough to remember when places like that were the norm, rather than the exception and it makes me sad for younger people who will assume that this upward flow of our hard earned cash is normal and acceptable.

529 41 replies
@TheSockWomble 2025-02-23

money talks but wealth whispers…you never hear or see from the super rich..keep going Gary super work 👍

449 11 replies
@dbmcnaboe 2025-02-23

I’m a longtime listener. My favourite aspect of yours is your groundedness. You are not flashy and you are humble. I’m with you all the way.

230 4 replies
@Worldsend87 2025-02-23

At 37 years old, I am only just beginning to even want to understand economics. The stress was always too much for my autistic mind to process. Thank you, Gary. You make it much easier to process & I'm looking into how to educate myself more on the matter in the hopes of securing a better future for my daughter. I urge everybody reading this to like, sub, and share all of Gary's videos. This man can help save the country from the crisis that the super rich are and have been causing for a long time. ❤

163 3 replies
@vancouverpermaculture7099 2025-03-08

I've been a teacher for 20 years, and I truly admire the way you break down ideas into manageable and digestible parts. It's a rare and difficult skill to take complex concepts and communicate them so clearly and effectively. Reaching your audience, myself included, requires not just deep understanding but also empathy and intentionality, and you’ve mastered it beautifully. This ability is so important because it helps others not only understand but also feel confident engaging with the material. Thank you for sharing your expertise in such an impactful way!

39
@rokin73 2025-03-07

"The economy isn't broken; it's designed to favor a few—time to redesign it for us all."

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