#597 | The Global Housing Crisis Explained (English Listening Practice)

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.Dema...