How do we fix the housing crisis?

from Garys Economics · host Gary Stevenson

Why are house prices in the UK so high? Here's how we can make housing affordable for ordinary people again.What I discuss in this episode:(00:00) Intro(01:26) Why every city in the world has a housing crisis(04:00) Understand that housing is an asset like shares, bonds, commodities(07:40) Economists miss why assets are going up11:55 How rich people push up asset prices (and house prices)(14:15) Wages do not control house prices(16:33) Should we just build more housing?(18:33) Inequality is reshaping our cities and creating slums(21:27) Why we can't get growth(24:13) The problem is inequality(25:09) Cutting red tape and Grenfell Tower(26:06) The rich always decide – we need to reduce their wealth