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I’ve just moved away from New Zealand because the cost of living (largely housing) as just blown out of control. Housing is up to 10-15x the annual salary

But interest rates in the 1980s much higher only for a short period of time, I believe.

Minneapolis is also an example of prices dropping after building more. And the speculation argument should consider vacant properties. Some just buy a vacant lot and let the area around it build up and their land value goes up.

a) Trump suggests 60% b) Biden whacks on 100% ... suggesting that the Democrats have had a lesson in economics of late

You don't need a chart, people are living it😒😂

This is the second time I’ve come across this channel and the second time it’s an absolute lie. in 2014, the US empire imposed “sanctions” against Russia, and not vice versa. This pushed Russia to develop its own production for the first time in 30 years, which is certainly good, but was not the original plan. In general, I have the impression that only WEF (Soros and Co.) has a clear and completely insane plan, and the rest simply create the appearance of meaningful activity.

Nah... this person dont understand the whole story......Next

Very good

That chart near the beginning showing the housing production really outlines the idea I've had that we're not truly out of the 2008 recession yet. In the same way there are a few different dates given about the end of the great depression, we may be back to where we were, but that purchase power has yet to come back ... not that it was all that wonderful in 2006 or 1928 anyhow...

I think this video misses a major factor in the US recovery, it's decentralized approach to the lockdowns by state. About half of the states did not implement major lockdowns for most of the pandemic and some that did were not enforced. There was (and is) a major population shift occurring between states dominated by certain parties, the states that did not lock down benefitted greatly from increase in business and investment which likely made up for the losses in states that implemented full lock-downs for long periods of time.

I can't believe this video basically sums it up to the 'nimby's being the biggest problem for housing supply.. There are so many flaws with that logic, infact I feel like that is the weakest position provided regarding the points the video has made.. It's basically saying all places with housing supply issues should just build dense urban high-rises... This doesn't make sense as most people don't want to live in a box where they have to take an elevator just to go outside. Not to mention it's basically living with an HOA but even worse. This is like the government trying to manage the food supply. They will always take the easiest route and fund whatever is most productive from a numbers standpoint. But they fail to realize not everyone wants to eat corn for every meal, which is why so many companies have had to innovate and turn corn into other products.

@18:00 -- The problem with using monthly cost rather than house price is that: 1. Your in debt for the house, if it burns down and insurance doesn't cover it your in the hole for that amount of money and it's much harder to get rid of the debt and buy another house. 2. Expenses related to house ownership go up, since contractors can make more money building houses or flipping them rather than repairing, they start increasing their repair prices as well making repairs less affordable. 3. Buying a house cash becomes impossible for 99% of America, meaning we have to pay money to financial institutions to acquire loans and pay interest on that loan. Financial institutions have an interest in keeping prices too high because they can effectively loan more money that they get a fixed percentage gain on which is leveraged money mostly borrowed from the government anyway.

Well allies will win. Why? You can't trust ruz or chi as business partners. Both lie and cheat, while chi has build it's entire economy around ponzi scheme. It's not sustainable and relies heavily on western investors.

Core problem I see as a Chinese citizen when it comes to these topics is the lack of transparency. It really comes down to if you believe the data the Chinese gov releases. This video provided optimistic possibilities, but those predictions were also based on potentially false data. I don't know if the numbers given on either sides are to be believed, but I do know the Chinese work forces are stretched so thin they're near the breaking point. Will they stay obedient or will they stop cooperating with the status quo, we'll see.

There's a house down my street that really needs to be demolished but the landlord is thinking about turning it into an AirBNB 😂 It's literally a shithole house painted pink with plumbing pipes and wires literally stapled to the outside of the house.. It's the ugliest house in the neighborhood because it's just given the landlord special.

@7:00 "Rent to income, dropped" -- Yeah because they built cheap ass studio apartments for each person who used to have 3 bed / 2 bath houses..

I stopped watching when he said Auckland New Zealand housing is affordable 😂

Let me condense this for you….XI is a dictator so he and his cronies in the CCP dont give a shit about the chinese people so no change in economic strategy coming soon.

There is so much that economists miss, chiefly the fact that housing is not fungible and that housing is not just an investment, but a neccessity. Sure, if you have the cash to invest, its cheap. If you need somewhere to live, it is not. A house in a city I like cost 4.5 million four years ago, likely much more by now. It might be profitable investment in terms of ROI, but it is also such an insurmountable hurdle that it becomes unattainable.

I think you got the the NIMBYs wrong. Modern city planning is bad and leads to the loss of quality of life, more traffic, more concrete, everything grey and cancerous. A better way forward lies in rethinking development in a way that enhances the city and the neighbourhood. Current development consists of adding another expanse of car centric suburbs that create a lot of negative externalities - Of course you don't want that being built next to you. Often new projects pay no respect to what already exists and are hugely destructive to the community and its resources that already exist, which is something that economists and businesses are notoriously unable to understand, because it falls outside their mental frameworks. There is is also a bunch of regulations. The modern city is mostly concerned with spaces for cars, which makes everything much more expensive, noisy, unhealthy and lonely, while modern architecture reflects the fact that contemporary architets don't know much about architecture.

Blah blah freaking blah….. here’s the simple version to all this bs: Speculative “investors” (Wall st. predators) with help from the FED made it impossible for us peasants to buy a home, from now on, we’ll “own nothing and be happy” minus the “be happy part”. This guys has a patronizing tone and is just trying to manipulate people.

this is a bit nit picky but i was under the impression that Americans were wealthier than the british when hamilton was writing

What happens when we ramp up building right as boomers are passing on? ...just thinking out loud.

I was informed the housing in China are sub standard and unlivable. That's why there are those huge apartment buildings sitting empty.

I didn't get the conclusion measures he suggests of upzoning in cities with low density countries and expanding in high density countries. I'd tend to think otherwise, can someone explain the reasoning behind these measures?

Canada has a very serious situation in housing policies. Mountains of bureaucracy to build a house and finally after many years fighting them, the nimby's show up.

There has been a lot of discussion in the comments about this. I dont think NIMBYs are even a thing, lol. Do you know how good is to be able to have a say? Thats democracy. Houses are expensive, because everyone wants to live in a low density family home neighborhood. But who wants to live in a high density building-next-to-building place? No one. The prices of the low density houses will shoot up even more, because of the lower supply - its like whats happening to the country side. There are plenty of other towns and available buildings, but because everyone is rushing into a few select towns everything is becoming expensive. Do you really think that just by adding more apartments this wont shift into specific neighborhoods? The video gives an example with Auckland. Very well, I was there two months ago. I was on a business trip to Sydney and then Auckland. I can tell you, I would never live in an Auckland. This place was such a dump. Dirty, full of homeless drunkards, I literally couldnt walk in the central street later at night without fearing I would have something stolen. But do you know what happened once I went out of the town? Beautiful, clean, green neighborhoods. Full of low density family homes. And crazy expensive. No wonder rent and prices in Auckland will drop. They turned the place into a dump, so people migrated to other places. What about Sydney? Beautiful, clean, green neighborhoods. Of course it will be expensive. You are close to town and in the same time living in the best possible housing. Its a luxury. I am originally from Europe. You know, I have lived where I am for 20 years. My nice view was blocked from construction of new buildings. A lot of the available parks and green spaces were compromise to construct buildings. We even have a few neighborhoods which were constructed so greedily, that no great roads and kindergartens were planned. And let me tell you, housing prices have soared nevertheless.

Excellent, thanks!

I say the reason is a combination of all three theories.

所謂同盟國、發動了這世界上90%以上的侵略戰爭😂

Australia's biggest trading partner is China.

In an episode of the Love, Death & Robots series, people let the economics and all other management be handled by AI, and then the world economy became fixed quickly. Simply it's too much data for a human brain.

Obviously the Chinese leadership knew that it was time to change the strategy but how come they didn't listen to the premier back then is it the other factors in the system where maybe other members of the party didn't like what he had to say?

Written off? Please write off all our loans first IMF. Whenever there's a discussion of IMF loan, a nations is hit by severe austerity, degrading living standard to s**t.

Yes, if by the countryside, you mean Mexico and Guatemala and 100 other countries that these people are coming from into the United States. I’m sure I could buy a house in Cape Verde at a relatively low cost. I know I could buy a nice house in Mexico for relatively low cost and have a better standard of living there than I do in the northeast United States.

We lose housing units at one percent a year in the United States. The house I live in is over 100 years old and has been reframed in the basement is more solid than one you could get made today economically. We have a house a few towns over from me and Dedhám mass that was built in the mid-1600s and is the oldest house in the country. But as a general rule, they last 100 years and that you have one percent a year shrinkage so if you build one percent of the housing units that are total today in a year, you will end up maintaining the housing numbers indefinitely, not rising or falling

Australia, Western Canada, and parts of the United States, such as Texas all have their housing driven up by Chinese communist officials who buy houses here to escape from communism when they get caught stealing of amounts of money. These people are sold to the American public as being anti-communist, but in fact, they are the communists that persecute most of the Chinese people and they come here when they are running away from getting caught stealing overseas.

Japan and Germany have fallen populations as Italy. Of course the housing prices are going to fall. It’s Supply and demand. I literally grew up in the neighborhood. I live in the old people died off, and it was filled with immigrants. Massive amounts of immigrants that has what has driven the cost of housing and rents up here in Southeast Massachusetts no matter how anyone wants to spin it wages have stayed low because immigrants and women working put downward pressure wages. Women marry later and immigrants coming in in mass push them in for housing through the roof That rents have increased and the cost of housing. The cost of housing is allowed to rise because low interest rates make it so the monthly payment comes down. And the US the 30 year mortgage is made to extract the most money possible out of the home buyer. They also get a break on their taxes by buying a house. I am not arguing that the financial of the system is not driving cost. It seems to drive cost up everywhere it goes. I am saying without mass immigration and without rising populations of natives due to birth rates, which are all below replacement level.(2.1) that housing prices and rents should not be high or would not be high rather. So yes, immigration is driving. The cost of rents in the United States through the roof. There is no other reason for it. It is expensive to build houses. The land cost a shit load of money and the regulations surrounding it makes it so, they do not build starter homes anymore. Also outside of certain cities there are no more jobs because they have all been shipped overseas in order to further depress wages at home and make the capitalist money by wage arbitrage

How is he including Huawei and BYD as success stories? It seems they dont know their current status.

Every developing economy eventually reaches a point where wages and costs rise, they no longer have the competitive edge that made their growth possible. Japan reached this point in the '90s. However China's situation is further complicated by their shifting regressive ideology toward Maoism and aggressive geo-political aspirations.

Desire less, manufacture less, consume less, and Waste less. Deflating pointlessless bloated economy is actually a good thing IMO.

Another likely reason I’ve heard for Dalio presenting such an overly rosy view for Chinas economy are the large investments Bridgewater Associates has in China. His praise of the Chinese economy may be self serving or, if he’s noticed the flaws in his models, he chooses to ignore them.

Its a good thing people cant efford a house!Its a total waste!

When you triply criticized the IMF "Affordability Index" you failed to emphasize that it's only a monthly payment index, meaning it says nothing of payment duration, or % of people paying. The IMF will obviously only present narrow trends that make themselves look good. You could have also elaborated on your first criticism, "the most vulnerable people can't participate," by saying mortgage qualification is a rising bar that cuts off more people as prices increase over time. Lastly you could mention that the major benefactors are central banking owners and multiple property owners, which are obviously already fabulously wealthy people, while the biggest losers are the renters and single property owners (The vulnerable majority). The IMF (and private central banking in general) is an inflationary wealth syphon that impoverishes each generation into further debt and servitude. It is privately owned and operated by the wealthy for the wealthy, to inflate assets as much as possible, operating by effort of political lobbying and accounting tricks - better called bribes and fraud.

Your marketing could be better, tell your audience what THEY can achieve with your insights, instead of what YOU offer for the money.

Europe is not going to be part of the so called "west" for too long. Within a few decades it will become a islamic land, part of the islamic culture.

Another problem is that in much of the USA property taxes are low enough that large landlords will deliberately keep a sizable portion of their units vacant to keep supply low compared to demand which raises the prices they can charge. Where I'm at property taxes are essentially non-existant and the rent/lease costs are double what a mortgage would cost.

Low density housing is much higher value than shitty apartment blocks. If you build some miserably small apartments that'll "solve" even more housing problems, but might generate a lot of psychiatric ones.

this guys analysis of the situation is a joke

the Allies .. mostly white christian ex colonial countries (and funny how many see theses as the free world good guys ) 🤔🤔