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Why House Prices Are Rising (On Renegade Inc)
Manage episode 435590244 series 3579547
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"Australia is a particular basket case, but the UK is at a crossroads with house prices that are stagnant and a looming crisis in the housing market."
Join us as we explore the intricate dynamics of the housing markets in Australia and the UK with our expert analyst. Discover why the UK is facing a unique situation with declining house prices, particularly in London, while also grappling with high levels of household debt and the implications of interest-only loans. We'll delve into the speculative nature of luxury real estate and the potential for a housing crisis in other countries like Canada and South Korea. Don't miss this insightful discussion that sheds light on the future of global housing markets!
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Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields."
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