Why Britain’s Housing Market Is a Time Bomb
Britain’s housing market is now a ticking time bomb. The average home costs nine times the average salary — the worst affordability in nearly 150 years. Rents are soaring, mortgages are crushing households, and corporate landlords are snapping up properties. From Thatcher’s “Right to Buy” to today’s financialization of housing, this video explains how Britain went from a property-owning democracy to a nation of renters — and what happens if the bubble bursts.
Credit to : EconomyTalk