#597 | The Global Housing Crisis Explained (English Listening Practice)
English Learning for Curious Minds | A More Interesting Way To Learn English

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

B2Upper-intermediateFebruary 26, 202628 min

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...

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B2

B2 · Upper-intermediate

Comfortable if you already follow TV news

A1 24%A2 36%B1 27%B2 13%C1 1%
  • 86% of the words are B1 or easier.
  • 127 words a minute: slow, clear speech.
  • 132 harder words (B2 and up) in the whole episode.

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0:00

Hello, hello, hello and welcome to English Learning for Curious Minds by Leonardo English, the show where you can listen to fascinating stories and learn weird and wonderful things about the world at the same time as improving your English. I'm Alastair Budge and today we are going to be talking about the global housing

0:27

crisis. All over the world, with very few exceptions, house prices have been rising, outstripping incomes and making home ownership harder than ever before. So in this episode, we'll be looking at what's actually happening, what are some of the causes

0:45

and effects of this, and what, if anything, can be done about it. I will warn you, this is quite a long episode, but it's an important and complicated topic, So I hope you will excuse this being a somewhat longer than usual one. But before we get right into this episode, let me briefly remind you that you can become

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