
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:
01:26 Why every city in the world has a housing crisis04:00 Understand that housing is an asset like shares, bonds, commodities07:40 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 prices16:33 Should we just build more housing?18:33 Inequality is reshaping our cities and creating slums21:27 Why we can't get growth24:13 The problem is inequality25:09 Cutting red tape and Grenfell Tower26:06 The rich always decide – we need to reduce their wealth