Why Housing Keeps Getting More Expensive











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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]

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