Normal people will never own a home at this rate ?

This is absolutely a horrible situation. Thankfully not all markets are affected equally. I remember recently you asked in passing how nice a city Nashville TN was to have a business. Well it's a good place for a business and the housing market is far more affordable, especially in the suburbs.

If you are looking to become a homeowner, and looking to move your business, it might be a good option. Just sayin'.

Who is the guy and what are his credentials? No you don’t read an article and claim its the be all truth of any topic. This is why we teach basic research methodology. What he does not tell you is that there is a house bubble that will burst and prices will come down. The idea that you must buy now means prices are going to come down. He forgets that inflation is real meaning its absurd to claim that you paid more than your parents. You make more than your parents! Using extreme examples is not research!

The majority needs to rid these people, your life depends on it. They make a full time career trying to extort human life and stealing your lifes efforts..

You'll own nothing and be happy, the new normal.

Here in NE Texas we have a chicken shortage: biscuits are low : no jalapenos at the Whataburger, and appointment needed for oil change, all cause the 'vandal stole the handle' : bgates et al buying up farmland by the square mile,chinese buying our ports and big hog farms Smithfield, and the little man hunkered down cause of a kung flu.. which was a test of behavioral response to a : if… then scenario /// soon as they work the bugs out there will be another test .. and then the final coup de gras…. gather and prepare… Are YOU ready?

That bubble will burst like 2008 but WAY WORSE!

We all hope it'll burst but govs can't afford it to. Too many rich people with false wealth tied up the bubble to let it burst. Rich people who are gov or friends of gov.
Even if you are sitting there in your own home, thinking it is nice to borrow against your inflated equity stake… Where are your children going to be able to afford to live?

Stop voting for democrats and this will stop happening.

Don’t you understand that they have literally stated a goal: “To make the suburbs like the inner city” to do this? They need to buy your home, or stop single family housing from proliferating.

Blackrock is made up of multiple companies buying homes for 50 to 70% over retail.

There is a reason for this.

It has been building up for a while but the main thing that drove these prices up was the corona restrictions that were crazy in many areas. Australia in particular has been draconic in this regard, so no surprise that houses around Sydney are so expensive. I don't mind the fact people started to realize that real-estate have value, maybe it's how I was raised, that it is normal to pass it on from generation to generation and value it.

I have a cousin who is in Munich, and was considering buying a house when the pandemic broke. Both he and his wife have good jobs and are renting an apartment, they also have a young child. My uncle was telling me how the crisis will bring the prices down as many who lose jobs will have to sell because they bought above their means so the prices will go down. I guess that was their logic, but how wrong they were. So many people forced to be stuck in an apartment in the whole city felt like living in prison. Many people in similar situation like them decided to start thinking about owning something with a yard, they adjusted their priorities towards it. Suddenly two vacations a year were not a priority for most who were able to afford it, but maybe one, and on a budget. The pandemic made people look around their small apartment and think to themselves "this is all I really have". Everything else can be locked out from me by a city ordinance in a blink of an eye.

Thing is, not that many people who owned property were on the verge of going to a poor house because of the pandemic. The state in rich countries also intervened and helped out not to lose money even if your business was suffering. Maybe you couldn't make what you normally would, but still. Banks were also told to prolong due dates on loan repayments if the person who took out a loan was suffering financially due to the pandemic.

Those who really did suffer were usually fresh migrants on limited contracts or visas. But they were never in the market for million euro houses anyway.

My cousin still didn't buy that house. And seeing this video I can understand why. I can understand why many people didn't. But I don't expect the prices to go down any time soon.
The people won't forget what the pandemic did to them and many will still want to buy it. The harder something is to achieve the more valuable it becomes. Sure, many will give up when they see how difficult it is but still enough will persist to keep the price high.

Even apart from the pandemic, more and more people from poorer countries are getting the chance to move to richer places, many planning to stay there "temporarily", ending up staying there for 40 years and more.
They end up moving there permanently.
But still plenty of those who just see life in a richer place as a means to support their "real life" at the home country. This means they are willing to accept ungodly living conditions making the prices go up for even a poorly ventilated pigsty of an apartment.
Then you have really rich people not minding to spend for their 4'th and 5'th apartment or a house, driving the prices up from another end of the spectrum, knowing their investment will hold value.

The bubble may be real, and it may burst, but it will quickly reinflate.

Is there somewhere in England that does what you do?

Correct it will not happen. Buy somewhere where it's cheaper and rent it to someone to build your equity. Cash is raised in the system by property price increases and the balance sheet of our banking system is secured against property at the higher values – it cannot drop. The Swiss pass their mortgages to their children.

I gave up on the thought of owning my own home years ago. I realized that because of impending collapse, I would be much better off investing in technologies that would be core to production of the new economy.

"Own nothing and be happy" commie agenda being pushed by world economic forum, and blackrock buying up all the houses so we become renters forever, and bill gates buying up all the farmland to ban meat. There's mote going on than people realize and it needs to be addressed fast.

I'm waiting for the market to collapse again so I can buy on the dip XD

is this a reupload? i feel like i saw that years ago..^^

The only real solution is no longer choosing to live in homes…seriously mass exodus elsewhere and let the company 'investments' burn themselves.
Also sell all your stock/etfs that mention blackrock when this begins.
The jobs will follow the populous unless they are resource based…hell entire economies are built on "retirees" where I live.

In tokyo, they said it takes 5 generations to buy an house !

Hopefully, it will attract people to smaller cities, and stop people from moving to big cities. The US, Canada, Australia or China are big countries and people agglutinate in a few square miles which is ridiculous.

You hit the nail on the head with that ending. May 2018, I looked at getting a condo. I would have had to put 5% down to afford it, but when I looked at the risks should something happen, like a major appliance breaking, or repairs being needed on the condo building that might raise fees out of nowhere, I realized that I'd be better off saving for 20% while I continued to live in an apartment 3 more years. Now the same condo has gone from 260K to 415K. There's zero chance that I'll ever be able to afford a down payment at the rate at which prices are inflating now, and I'm seriously concerned that, not being able to ever have a chance to own, I'm going to have astronomical rent prices the rest of my life, to the point that I need significantly more in retirement savings to plan for paying high rent prices until the day I die. It's demoralizing to be punished for not wanting to contribute to the next bubble like I saw happen in 2008, by taking a loan that was for more than conventional wisdom said I should bite off.

Meanwhile, I see acquaintances on social media that bought at 5% down around the same time now using the value their first house has gone up as equity to buy a second house to rent out. Good for them; it's just taught me that doing the responsible thing isn't valued at all, and as soon as I have the chance to buy at 5% down, I'd might as well throw caution to the wind and pray the bubble doesn't burst.

How do I sell my oklahoma farm in New York? Its 21 acres, I'll be a gazillionaire.

Can't be taken away from you…. So long as council doesn't take a big of money under the table, and authorize development of your district.

"You will own nothing and be happy"

A lot of what is driving the costs up here in the UK is the petty older generations with their Nimbyism. They reject literally any building whatsoever. The North is poorer and denser but the south repeatedly says no more houses build them in the north and act all entitled. Then you have the assholes who don't want new houses built because they don't want their £800k plus house to lose £5k. A ridiculous example of this is down in kent there's a disused runway that's an ugly mark on the landscape. First, the residents got together and blocked the building of a new housing estate on the land, then they blocked plans to renovate the tarmac and make it an airport for light aircraft. They'd rather keep the old disused runway because of their house prices. Boils my blood that they're even allowed to block it in the first place.