Episode Details

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