Housing – Why is it so expensive? Gary’s Economics


Why is housing in places like the UK (especially London and the SouthEast) so freaking expensive and getting more so?

Two words: printing money. In his latest video ‘Housing – Why is it so expensive?’ down to earth economist Gary Stevenson explains all.

“Wealth inequality pushes house prices up, money printing pushes house prices up, house price goes through the roof but at the same time wealth inequality pushes wages down so the net effect is house prices go up and your wages stay the same.”

Former Trader, Economist Gary Stevenson

See also

Make UK’s super-rich pay for social care Boris (not the poor). Express

How to convince yourself you like the home you can afford The Daily Mash