The Housing Affordability Crisis Explained in One Minute

In more and more jurisdictions, owning a home is becoming increasingly difficult, with consequences that go far beyond the economic dimension?
Why?
Simply because we are no longer referring to discretionary spending, to the proverbial avocado toast and what not, but rather to a necessity. At the end of the day, no matter what it is you do for a living, you need a place to... well, live.
Thus, the housing affordability topic is one we can consider far trickier to tackle than many other topics that pertain to economics. Calling it "sensitive" would be quite an understatement, to be blunt.
Through this video, I will attempt to put what can indeed be considered today's housing affordability crisis under the microscope in an unbiased manner. This is most definitely one of those topics that is impossible to cover in a way that pleases everyone and I am fine with that.
Still, I have done my best not to pick sides in an attempt to be popular, ride a wave and so on. If that makes me a centrist, so be it :)

[@michaelre7556]

Most aspects of the housing crisis could be corrected overnight with basic policy changes.

[@OneMinuteEconomics]

Partially agree, minus the "overnight" part :)

[@kaylenehousego8929]

Appreciation and blessings from Sydney Australia .

[@OneMinuteEconomics]

Thanks a lot, right back atcha :)

[@anusthing]

Thank you. The real issue is land hoarding. The rich are hoarding properties and they have forgone a property tax for an income tax instead. People owning 5 properties should pay way more tax.

[@aloha204]

Get rid of the urban growth boundaries boom problem fixed

[@OneMinuteEconomics]

Once again, I partially agree but with the aforementioned temporal caveat, in other words the fact that even in the context of impeccable policy, it will take time for results to manifest themselves

[@fuzzresponder2225]

Lets not forget Biden's open-border-policies, as those millions of those so call newly arrivals will have to live somewhere!🔥

[@OneMinuteEconomics]

Pros and cons, at the end of the day. Wouldn't you agree that in the context of the West's dramatic demographic situation for example, the aforementioned new arrivals provide some much-needed counterbalance?

[@fuzzresponder2225]

@@OneMinuteEconomics Sadly I've been there and done that, but my family did it the lawful way with the required visas while fleeing a communist nation and assimilating to this country, what's happening now it's madness done to totally change this nation for the worse!

[@unfortunateson7464]

Illegal immigration