House prices have soared across the world, rising far faster than wages and locking many people out of home ownership.
This episode looks at why cheap credit, global investors, short-term rentals, and slow building have pushed prices ever higher.
It also asks whether governments can really fix the problem, or if expensive housing is the new normal.
- How house prices have outpaced wages since late 1990s.
- Cheap credit and low interest rates drove prices higher.
- 2008 crisis; policies kept prices from falling much.
- Homes treated as a global safe asset for investors.
- Demand outstrips supply: planning, NIMBY, limited land.
- Rising costs, labour shortages, and developers holding land constrained building.
- Population changes, migration, and smaller households increased demand.
- Higher interest rates raised mortgages; prices stayed high from lock-in.
- Local factors: Airbnb and visa schemes pushed prices up.
- Housing wealth passed down; family help now often essential.
- Are there any solutions?
Full interactive transcript, subtitles and key vocabulary available on the website: https://www.leonardoenglish.com/podcasts/global-housing-crisis
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Keywords: Learn English, vocabulary, lessons, idioms, aprende inglés, idiomas, aprender inglês, apprendre l'anglais, imparare l’inglese, ingilizce öğren,英語を習う, تعلم الإنجليزيةWhat is English Learning for Curious Minds | A More Interesting Way To Learn English ?
Are you looking for a more interesting way to learn English?
English Learning for Curious Minds is a podcast for intermediate-advanced English learners.
Learn weird and wonderful things about the world at the same time as improving your English.
Every episode comes with an interactive transcript, subtitles and key vocabulary and is spoken at a speed you can understand.
Join listeners from 189 countries and discover a more interesting way of improving your English.
Find the bonus episodes, interactive transcripts, subtitles, key vocabulary, and more at www.leonardoenglish.com