Multipolarity
Premium Edition: The YIMBY Defence League, Nuland Goes, Galloway Comes
Mar 7, 2024
Controversial topics discussed include the housing market not following supply and demand laws, Victoria Nuland's sudden retirement, potential shifts in US foreign policy, UK's political crisis, impact of Gaza War on Britain's multicultural narrative, and the YIMBY Question. Touches on housing affordability crisis debate, debunking shortage misconception, investment trends in housing market.
15:05
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Quick takeaways
- Housing crisis isn't purely supply-based; affordability issues stem from unaffordability, not scarcity of houses.
- Changing demographics and financialization drive housing market dynamics, with houses increasingly viewed as investment assets.
Deep dives
Misconception about Housing Crisis Causes
The podcast challenges the common belief that the housing crisis is solely due to a lack of supply. It clarifies that the high prices and affordability issues in housing do not stem from an actual shortage of houses but rather from the unaffordability of houses. The discussion highlights that the rise in house prices is not linked to a scarcity of housing but to changing demographics and financialization, where houses are increasingly seen as investment assets.
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