4min chapter

Animal Spirits Podcast cover image

Why Housing Prices Are So Expensive (EP.313)

Animal Spirits Podcast

CHAPTER

The Rise of the UK Housing Market

The UK is like 3.25 times the cost of a house in the U.S., and it's at one and a half times. People are putting less down on their homes because they're paying so much more for land, which makes sense if you don't have enough space to build your own home. The average mortgage rate has gone up from 1.7% to 2.8%. Mortgage rates are higher than 10-year treasuries right now; we've spoken about this before. Sean McGahey: Why do bond yields not go as high? What drives the spread of mortgage rates?

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode