{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"English Learning for Curious Minds | A More Interesting Way To Learn English ","title":"#597 | The Global Housing Crisis Explained","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/5e8bcbfb\"></iframe>","width":"100%","height":180,"duration":1720,"description":"House prices have soared across the world, rising far faster than wages and locking many people out of home ownership.   \nThis episode looks at why cheap credit, global investors, short-term rentals, and slow building have pushed prices ever higher.   \nIt also asks whether governments can really fix the problem, or if expensive housing is the new normal. \n\n\nHow house prices have outpaced wages since late 1990s.\nCheap credit and low interest rates drove prices higher.\n2008 crisis; policies kept prices from falling much.\nHomes treated as a global safe asset for investors.\nDemand outstrips supply: planning, NIMBY, limited land.\nRising costs, labour shortages, and developers holding land constrained building.\nPopulation changes, migration, and smaller households increased demand.\nHigher interest rates raised mortgages; prices stayed high from lock-in.\nLocal factors: Airbnb and visa schemes pushed prices up.\nHousing wealth passed down; family help now often essential.\nAre there any solutions?\n\n\n\nFull interactive transcript, subtitles and key vocabulary available on the website: https://www.leonardoenglish.com/podcasts/global-housing-crisis","thumbnail_url":"https://img.transistorcdn.com/HIneD2bpN38ZyIYQqvz9OwtMc5c5ep366psJkVe0ZiU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzU3MDEvMTYyMDk3/Mzg5MS1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}