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House prices have soared across the world, rising far faster than wages and locking many people out of home ownership.
This episode looks at why cheap credit, global investors, short-term rentals, and slow building have pushed prices ever higher.
It also asks whether governments can really fix the problem, or if expensive housing is the new normal.
- How house prices have outpaced wages since late 1990s.
- Cheap credit and low interest rates drove prices higher.
- 2008 crisis; policies kept prices from falling much.
- Homes treated as a global safe asset for investors.
- Demand outstrips supply: planning, NIMBY, limited land.
- Rising costs, labour shortages, and developers holding land constrained building.
- Population changes, migration, and smaller households increased demand.
- Higher interest rates raised mortgages; prices stayed high from lock-in.
- Local factors: Airbnb and visa schemes pushed prices up.
- Housing wealth passed down; family help now often essential.
- Are there any solutions?
Full interactive transcript, subtitles and key vocabulary available on the website:
https://www.leonardoenglish.com/podcasts/global-housing-crisis
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