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Union Home Mortgage Review – How an obsession with home ownership can ruin the economy | The Economist


Union Home Mortgage Review – Review

Many dream of owning their own home, and thanks to huge financial incentives in the rich world many have been able to so. But government policies to encourage home ownership were a huge mistake. Read more here:

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  1. The Earthius Project
    July 26, 2021 at 7:32 am

    So what are solutions???

  2. Hudson Sid
    July 26, 2021 at 7:32 am

    The rise in home prices is not because of individual families owning a home. It's because of companies owning thousands of homes to earn rental income. It's time to treat homes as homes instead of a cash flow vehicle.

  3. satyamfifa
    July 26, 2021 at 7:32 am

    This video is the best exaple of Neo-Liberal propaganda, you working class people don't try to own stuff, just pay money to those who own, perpetually, when they die start paying money to thier kids and then their kids

  4. asdasda asdasda
    July 26, 2021 at 7:32 am

    lol, I had a landlord, who refused to give me back my deposit, even when there was no damage done.

  5. Lynn Baker
    July 26, 2021 at 7:32 am

    I own my house outright, while rent is going up. I'm not paying a cent.

  6. RIgel Kent
    July 26, 2021 at 7:32 am

    In Ireland it is far better to own a home because our ancestors faced every bad behaviour from the isle jentry.
    Right now I know people who the rent has gone up by 50 per cent.
    If rent controls are established the landlords stop maintaining the property so that rent controls need tenant rights.

    The problem now is that anybody can rent a house for 800 and put it on air b&b for 2400 .

  7. Thomas ABABA
    July 26, 2021 at 7:32 am

    so uk is 12 place lol

  8. Robert Harvey
    July 26, 2021 at 7:32 am

    owning your own home does not make a difference to house shortages that is a result of population not home ownership there were 52 million people living in the uk in 1960 & over 67 million now. there are just not enough houses to go around regardless of renting or buying. if you can find a answer to the population the housing problem will be solved. the rise in house prices is just a result of the general cost of living. in 1960 a loaf of bread cost 5p and now costs over £1. you cannot expect wages and living costs to rise and house prices to not rise along with that.

  9. brian nash
    July 26, 2021 at 7:32 am

    Investing in crypto now is very cool especially with the current rise in the market now.

  10. Carmine Caruso
    July 26, 2021 at 7:32 am

    "Research has shown, that historicly, an increase of home ownership in America has been followed by a sharp rise in unemployment" Or something similiar you said

    That's a non-scientific conclusion, because you can't imply the CAUSE is home ownership without an experiment. It could percectly be an effect rather than the cause, and there are better explainations for the correlation (Rigidity of the worker for istance)

    Basicly the whole video is made up of these bad relationships between things

  11. Jacob Wilson
    July 26, 2021 at 7:32 am

    All I hear is "we, the rich, dont want you to be able to afford your own home. We want you to give us half of your earnings to live in an apartment surrounded by other poor people. We never want you to have a quiet night of rest because Jerome is throwing another party above you. Dont worry about our mansions and castles. If you want to move into a home make sure you share it with multiple families or generations. Just stuff yourself in there. You can also join the military and have a family, we will give you a temporary home."

  12. y3
    July 26, 2021 at 7:32 am

    Housing can be affordable, or a path to build wealth – not both.

  13. Cris D. EM
    July 26, 2021 at 7:32 am

    You’ll OWN nothing…
    And be happy.
    WEF – klaus schwab
    Agenda 2030.
    And the evil treasonous fuckwits at the economist are obviously part of it…. seeding the minds of the dumb masses…

  14. onikin
    July 26, 2021 at 7:32 am

    Economist is close to the problem, but not the reason.
    Singapore and Switzerland work so well in controlling housing supply and inflation because Singapore leases land, doesn't sell it, and Switzerland has HUGE property/rent taxes.
    Both of which prevent landowners from rent-seeking, gaining wealth simply by sitting on a property long enough, which prevents their speculation and encourages housing construction.
    (For a landowner making profit on their home, it is in their best interest to prevent as much housing construction as possible. )

    Economist Henry George explained this issue well way back in the 1800s.

    A home should be a depreciating asset, same as a mobile home or a house boat.

    Government funding for encouraging home ownership further distorts this market, which is the Economist's main point.
    What should be encouraged is very low barriers to housing construction and government support of it, to keep property prices from blowing up.

    Those who think this film is about making everyone poor by being renters to a landowning class got it backwards.
    It's saying there shouldn't be a class of people who gain wealth through property speculation to begin with.

    When population eventually declines, this will be a moot point however. Like Japan is already showing, property values fall quickly when you don't have buyers being born. Homes are fundamentally a depreciating asset.

  15. Crimson Dreams
    July 26, 2021 at 7:32 am

    Pure propaganda

  16. jim jiam
    July 26, 2021 at 7:32 am

    How an obsession of a few to make more money destroy the economy

  17. Aries Araya
    July 26, 2021 at 7:32 am

    The key thing is you have somewhere to live when you retire and your income is halved.

    July 26, 2021 at 7:32 am

    Do not get fine only in investing in the house, keep on investing..,

  19. CBurak Yilmaz
    July 26, 2021 at 7:32 am


  20. CryptoDracula
    July 26, 2021 at 7:32 am

    Lets be specific. Become a home owner with a BANK ITS AWESOME! When you go to the bank is gambling