Why Housing Keeps Getting More Expensive

The Real Reason Housing Is So Expensive – Second Thought SUBSCRIBE HERE: http://bit.ly/2nFsvTS New video every other Friday! Check out Means TV and snag a discount with my link: https://means.tv/orders/customer_info... Follow and Support Second Thought! Twitter:   / _secondthought   Patreon:   / secondthought   CashApp: $JTChapman Citations and Further Reading: The financialization of housing https://books.google.com/books?id=AAQ... https://doi.org/10.1080/14036096.2014... https://doi.org/10.1111/j.1468-2427.2... https://doi.org/10.1177/0032329223120... https://www.tandfonline.com/doi/full/... https://doi.org/10.1080/14036096.2020... https://doi.org/10.2307/j.ctv175nt.13 https://www.jstor.org/stable/26151125 https://doi.org/10.1080/14036096.2014... https://doi.org/10.1080/0267303100371... 2023 least affordable year to buy a home, home prices over the last 20 years, avg. home price https://www.cnbc.com/2023/12/07/2023-... https://www.nytimes.com/2024/06/02/re... https://www.cnbc.com/2024/03/19/why-h... Record number of people paying more than 30% on rent https://www.nytimes.com/2023/12/11/us... Avg. home price 1964 https://fred.stlouisfed.org/series/MSPUS Avg. income 1964 https://www.census.gov/library/public... “More than half of all renters are paying more than the recommended 30% on housing and over a quarter are paying more than 50%.” https://www.npr.org/2024/01/25/122595... Minimum wage workers can’t afford simple 1-bed https://www.cnbc.com/2021/07/14/full-... Home prices have nothing to do with housing supply and demand, it’s about the supply of finance https://www.taylorfrancis.com/chapter... https://www.taylorfrancis.com/chapter... 2022 rent inflation and Jay Parsons quote https://www.nytimes.com/2022/09/27/bu... Millenial/Gen Z wages aren’t rising https://doi.org/10.1080/14036096.2020... Realpage, tactics and statistics https://www.propublica.org/article/yi... https://www.propublica.org/article/wh... Realpage CEO quote https://www.multifamilyexecutive.com/... “In the first quarter of 2022, nearly a third of all single-family homes sold in the US were bought by private investors” https://www.huduser.gov/portal/period... Private equity buyup of mobile homes https://pestakeholder.org/news/new-to... US wealth in real estate + Robert Schiller quote https://www.barrons.com/articles/net-... https://books.google.com/books?id=pm1... 1980s government creation of mortgage-backed securities market https://doi.org/10.1111/j.1468-2427.2... About Second Thought: Second Thought is a channel devoted to education and analysis of current events from a socialist perspective. Welcome! Business Email: [email protected] For individuals or small businesses looking for one-on-one production training, I offer hourly consulting services as well. Send inquiries to [email protected]