My father worked as an engineer in a lot of places but especially in the Middle East and the way to solve the housing crisis is to do exactly what he was working on in the 80’s ,so state contracts . Basically the state (the client) issued an invitation to tender to let’s say build 5000 houses on a precise location and following some specifications and then waited for the offers . The client was providing the land and the company hired was just there to build what was agreed to be delivered so no involments in sales / financing / getting the land etc ….just building . Simple , efficient and most importantly very nice and affordable housing as the units were sold with zero profit . Price was set to cover the cost of building and the land which was cheap because rezoned a residential by the state for the projects . I asked my father what would be the actual cost of building something of that quality today and and said that from the moment the land is provided you can build really good stuff using top materials for around 1500$ per square meter (around 150$ per sq.ft) for houses and much less for apartments . That is simply the unique solution for affordable housing (not social housing which is different ) so housing to target the young professionals who starts in life , people who can afford a 150 to 300K$ mortgage for a 1500/2500 sq .ft properly build property .
@oscarvivanco882823 сағат бұрын
Como mexicano me gusta de que seamos una economía conectora, solo que el próximo gobierno debe ser muy cauteloso para aprovechar esta oportunidad
@fredhearty176223 сағат бұрын
The global environment that allowed China to grow rapidly was free trade and globalization. Now that China has become a threat to global industries (such as automobiles), free trade and globalization are being restricted in a wave of protectionism. I see China suffering through depression-like conditions for a decade or two as it transitions to a service economy and a co-operating global partner -- moves which will first require the Communist central government to collapse and be replaced by a secular democracy or equivalent.
@robertcrump872923 сағат бұрын
This speaker left out China's quick rise is due to China stealing foreign company's trade secrets or setting conditions such as giving up their technology to enter the Chinese market. Northern Telecom is a great example. Huawei stole Northen Telecom's telephone network switching technology then sold that technology at a lower price. The strategy put Northern Telecom out of business. Very biased and dangerous reporting here.
@alfredoleal210123 сағат бұрын
It's been collapsing for 40 years according to wester media .today got a gdp ppp bigger than usa japan and Germany combined.
@AveryFossenКүн бұрын
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
@KarlyNoordaКүн бұрын
Investing in both real estate and stocks can be prudent choices, particularly when backed by a robust trading strategy that can navigate you through prosperous periods.
@LucasBenjamin-hv7skКүн бұрын
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
@parrish8386Күн бұрын
@@LucasBenjamin-hv7sk Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
@LucasBenjamin-hv7skКүн бұрын
Finding financial advisors like Sharon Ann Meny who can help you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@themiddlekingdom9121Күн бұрын
Economist explains why China's growth miracle is failing .... I don't think so.
@mikepaulus4766Күн бұрын
Peter is a smart guy, he makes his case well. He's just a guy who knows the things he knows and views the world through that lens.
@blackmanops3749Күн бұрын
I think the increased self-reliance (re-shoring) in an increasingly multipolar world (fragmented) is an overall good. It does not necessarily fragment economies, rather it can strengthen national economies by providing opportunities for domestic workers and reducing national liabilities.
@oldguy4057Күн бұрын
China will at least stagnate as long as one man (Xi) has to make all of the decisions with no push-back from anyone.
@drwalthermdКүн бұрын
removing any legal tender laws, allowing the people to choose, I'd expect they would do better than The State with its fiat currency(ies). Wouldn't it be interesting to see!?
@GastyzКүн бұрын
Deregulation. Thats it. Zoning and regulations caused this issue.
@nemiloszorka1162Күн бұрын
So money laundering is not an option here? You just ignore the fact that there are global criminal organizations? Not a good analysis.
@vseznamus8862Күн бұрын
What exactly supposed to mean "China has threatened to invade Taiwan'? According to China Taiwan is its province. According to the US who do not recognize Taiwans sovereignety it is part of China. How and why would that "invasion" occur? Maybe tomorrow the US are gonna invade California????
@cvetanignatov6982Күн бұрын
Is that why Biden is implementing 100% tariff on Chinese EVs and EU is also going in that direction. Wow China is really going down LOL.
@rafaelroma1657Күн бұрын
Houses are more affordable, for the rich. That's the reason. You can't buy a house because you poor. All this suggar coating only distracts people from the real issue. Which is, pure capitalism sucks. Just as pure comunism. We should be looking for something different or as proper combination and balance of systems.
@johnm2879Күн бұрын
Mass immigration has driven the demand in these three markets. In Canada, immigration over 40 years has pushed the population 13 million higher than it would have been. The 4 million+ extra residences necessary has increased demand and congestion.
@UlyssesEllington-en4meКүн бұрын
I've been following your trading advice for a while now, and I think it's time for me to take my skills to the next level by joining your VIP group. Your insights are so valuable!
@duboisfranciscoКүн бұрын
In the United States, housing affordability has significantly changed from the 1980s to today, with current conditions making homeownership generally less affordable than it was four decades ago. In the 1980s, mortgage rates were extraordinarily high, often exceeding 15%, which made borrowing expensive. However, home prices were much lower relative to incomes. The median home price in 1980 was around $47,200, and the median household income was about $17,710, resulting in a price-to-income ratio of approximately 2.7 (DQYDJ - Don't Quit Your Day Job...) (Pew Research Center). Today, mortgage rates are much lower, typically around 3-4% in recent years, making monthly payments more manageable despite higher home prices. However, the median home price has soared to over $350,000, while median household income has increased to approximately $68,703, pushing the price-to-income ratio to about 5.1 (Pew Research Center) (Money). This indicates that while monthly payments may be lower due to reduced interest rates, the overall cost of purchasing a home relative to income has increased substantially. Income Growth vs. Home Prices: Another key factor is that home prices have outpaced income growth. Since 1960, median home prices have increased by about 229%, whereas median household income has only grown by about 140% (The M Report). This disparity means that today's homebuyers need a larger portion of their income to afford a home compared to those in the 1980s.
@hannahviolet927Күн бұрын
I find it interesting how he didn't touch on how much money people are making at their jobs compared to house prices.
@philsipadКүн бұрын
Yeah keep voting for uncontrolled government spendings, inflationary policies, uncontrolled immigration, and you get what you voted for,
@AWKuhnsКүн бұрын
I have noticed that housing as an investment skews the marketplace. In particular, Wall Street’s massive purchase of single-family homes. I honestly think that Wall Street should be barred from doing this. People don’t realize that Wall Street is “forever money” and they have the ability to own a house in perpetuity.
@mistersmith6963Күн бұрын
I like your approach to the content & subject matter, but you could do with a lot less hand jive & waving as it distracts from the message your are trying to convey. If you find that you are incapable of stopping the hand jive delivery style, than perhaps you could switch to the "talking hand" style of video where you are seen from the shoulders up. This allows the listener to focus on your content instead of your style.
@stvdmc2011Күн бұрын
Great analysis...zeihan sound like typical china hater.... china ccp in general can do not right.
@jwestney2859Күн бұрын
Thanks for your effort and for your video. It is mostly information that we already knew, and yet your video makes it clearer. Nicely done!
@bobsontheepic42Күн бұрын
Increased density does not equal affordable housing. If that was the case NYC would be very affordable but the opposite is true. The phenomenon called induced demand where an increase in the supply of a good or service leads to an increase in its consumption. That is especially true now when mega corporations like Blackrock are buying homes left and right. Cost to build a house is more or less the same across the country. The variables are cost of the land and cost of regulations. If you want affordable housing you need the Sprawl. Build more roads, more mass transit. Aim to get gas and cars cheaper. Prohibit mega corporations like Blackrock from scooping all the homes. Invest in neglected neighborhoods. Also, property taxes should be looked at so investment in the area does not push people that already live there out. In addition average means that there less expensive homes/apartments available.
@simplysimian7118Күн бұрын
It’s been my understanding that housing prices are a function of personal income. And, while markets can remain irrational longer than we can remain solvent, at the end of the day, prices will regress to the mean.
@danz1182Күн бұрын
A big reason China wont pull out of the dive is political. China's economy is not about prosperity, it is about maintaining CCP control. To recover and transition China would have to accept some pain and create a real middle class that would likely demand more say in how the country is run. They wont go there.
@charlesferdinand422Күн бұрын
Facts about Joke Briben: -Took showers with daughter Ashley right until she was at least 10 which she stated was "probably not appropriate" and credited for her sex and drug addictions; she also said he "hyper-sexualized" her while she was a toddler (she didn't elaborate, thank God). She wrote this in her diary which she later abandoned in a halfway house after leaving rehab. The FBI later raided homes of reporters who acquired the diary and tried to cover the story claiming it had been stolen (stealing a diary is a federal crime), she also called them admitting it was hers and threatening them with involving the Secret Service -Hinyer Briben himself nicknamed his dad "Pedo Pete" -Claimed his first wife and daughter who died in a car accident were killed by a drunk driver; in reality, his wife inexplicably swerved on the opposite lane and struck an oncoming truck head: the truck driver was sober and was not responsible in any way for the accident, it was his wife the one who caused the accident -Claimed to have worked as a coal miner which never happened -Claimed to have worked as an 18-wheeler truck driver which never happened -Claimed he held 3 college degrees, that attended college on a full scholarship and was admitted to West Point; none of that is true (he did enroll in ROTC but got an F) -White House intern Vail Kohnert-Yount (worked for him while he was Vice President) accused him of attempted rape, stating he touched her and kissed her without her permission while complimenting her on her beauty -Current wife "Doctor" Jill was originally his daughter's babysitter and they were having an affair while both were still married to their first spouses; in fact, they were in bed together when he was informed his first wife and daughter died -Claimed to have travelled 17,000 miles with Xi Jinping (the Earth's diameter is around 7900 miles): his staff was reportedly puzzled about where he came up with this number from or why -Since at least the 2020 presidential Democratic primaries, he has been forced fed dementia meds before each public appearance by his wife to render him coherent; an eyewitness (former aide) said that before taking the pills he was "like a small child" and "unable to speak" -Claimed that he once traveled to Iraq to personally pin a medal on a war hero and that he was warned it could be dangerous but that he bravely brushed off the concerns by saying "we can lose a Vice President, we can't lose any more of these kids" and that as he entered Iraq he was shot at 3 times: he had never been to Iraq and had to retract his story and apologize -When he did go to Iraq he said "he was shot at" which turned out to have been a single mortar exploding miles away from his hotel; his advisers begged him to stop telling the story because it could easily be debunked but flat-out refused until caught -Claimed he went to Afghanistan where al-Qaeda and the Taliban teamed up to shoot down his helicopter forcing it to land with "three-star general and 3 United States senators" onboard, it turned out the helicopter wasn't attacked and landed due to a coming snowstorm 10 hours away; the other claims were also false -Plagiarized speeches by Robert Kennedy, Jack Layton and Neil Kinnock (after he was caught stealing Kinnock's speech he withdrew from the 1988 presidential primaries in disgrace and was notable because the speech narrated Kinnock's childhood and family, meaning he stole another man's entire life story word-by-word; furthermore, during 'his' speech he explicitly claimed he created the speech on the spot) -He plagiarized his thesis -He claimed he finished in the top tier of his class at law school when in fact he finished in place 79th out of 85 (he earned only Cs and Ds during the first 3 semesters) -In college he flunked at least 1 course because of persistent plagiarizing in assignments and papers -The PhD thesis of his wife, "Dr." Jill Briben, has at least 3 grammatical errors and at least 3 errors in basic math in its first page alone and was written with triple paragraph spacing in order to write as little as possible using as much space as possible: Joke Briben forced her community college to award her the degree -Claimed that he visited and met Nelson Mandela in South Africa while imprisoned by the Apartheid government and that he was himself arrested by the South African police when he insisted in meeting him and publicly supported him despite police threats; his staff warned him all of this was false and asked him not to repeat it and he replied he already knew and kept repeating that, later adding that Mandela thanked him for "trying to visit him in prison at the cost of his own freedom" -Stole a "climate change plan" from several NGOs and presented it as his own -Claimed that when he was 21 he convinced Senator Strom Thurmond to support the 1964 Civil Rights Act before he died (Thurmond never supported the act and they only met 8 years later) -Claimed to have been an important figure in the 1960 American civil rights movement; among other things, he claimed to have participated in sit-ins, to have marched along Black activists and to have been arrested for his activitism; none of this was true and during his Congress career he was noted for openly sympathizing and negotiating with racist lawmakers to the point that he supported segregation and Jim Crow, publicly worrying desegregation could end and his grandchildren would grow in "a racial jungle" -The day after becoming Vice President his deadbeat brother Jim showed up to work wearing cufflinks with the Presidential seal and arrogantly insulting his coworkers while openly boasting about being the Vice President's brother -Was also accused of rape and sexual harassment by his Congressional aide Tara Reade; when she went public with the accusation she sought assistance from Time's Up (NGO formed in response to the #MeToo movement to provide free legal aid to female victims of sexual abuse) which refused to help her arguing that Briben was a presidential candidate at the time and they'd be effectively interfering with elections but none of this stopped them regarding Trump when he ran for President in 2016. It was proven that Reade had already went public with her claim in the past when her mom talked about the incident on an episode of the Larry King show; less than 24 hrs after this became public this episode disappeared from the Google online video store and no reason was ever given while Facebook started to ban its users from sharing links to a website that documented Biden's sexual misconduct accusations (JoeBiden dot info); Reade's former neighbor, mother and then husband would confirm her accusations and this incident was mentioned in Reade's divorce proceedings meaning they're in publicly-available court records; even more, Reade filed a formal complaint in Congress and asked Briben to release his Congressional papers (held in a university in Delaware) he of course refused; 'news' outlets such as The New York Times, MSNBC, CNN and Washington Post never covered Reade's accusations even though they had been so concerned about victims of sexual abuse and were quick to condemn Justice Kavanaugh solely on the testimony of the greedy fame-seeking Christine Blasey Ford who couldn't present a shred of evidence besides her dubious testimony after which the witnesses she brought to testify in her behalf refused to back her claims, after which a retired FBI agent who happened to be a friend of Ford threatened one of Ford's friends so that she would publicly back her claims up which she refused to do, but even so, Ford would receive the undeserved attention she sought, awards and medals from Leftie Liberal NGOs and sign a very lucrative book deal plus making a lot of money giving lectures while Justice Kavanaugh was slandered, smeared and humiliated; Reade didn't receive these same privileges -Claimed that contamination in rainwater gave him cancer; he just had 1 small solar-induced melanoma removed as a kid -Forced his deadbeat crackhead son Hunter to give him 50% of his salaries on all the sinecure "jobs" he held and every bribe he received for being Briben's son -Claimed Trump caused thousands of children in Mexico to starve to death - In 2010 when he met Senator Scott Brown and his wife in public he started grabbing her ass and kissing her neck; he only stopped after the Senator physically separated them and threatened him telling him "I'll kick the shit out of you" -Claimed his father was a "gentleman, decent man" who never got to go college and "worked at coal until the whole industry died". In reality, his dad went to Johns Hopkins for over a year but dropped out because his nepotistic father got him a high paying job as a salesman for a coal company but he lost everything because of alcoholism; he's also documented as having cheated on Joke Briben's mom at least once when he and his also-married cousin went on a yacht for several days with 2 single women -Claimed his house once almost burned down, claiming a firefighter almost died while he had to brave the flames to rescue his wife and dog; it turned out it was a small kitchen fire put down by 2 firefighters in less than 20 minutes; nobody was hurt or in any risk -Claimed he was in Ground Zero the day after 9/11; he was in Congress -Claimed his uncle (who fought as a combat pilot in World War 2) was shot down by the Japanese during a dogfight and that he was then captured by cannibals and eaten in New Guinea; in reality, his uncle's plane had engine trouble during a routine flight and had to ditch at sea in the middle of the ocean where he died and his body remains there with his wreck Copy and spread this, share screenshot, update whenever possible (no credit is necessary just spread it and share it please)
@bonnieblodgettКүн бұрын
Any "macro" assessment that does not include humans' catastrophic impact on our habitat is missing the elephant in the assessment. Fragmentation is crucial if we are to return to sustainable, "local" practices that prioritize quality of life over such abstractions as GDP. The fragmentation trend may not be intentionally promoting a return to more sustainable lifestyles but it is our only hope if we are to save our species from extinction or, worse, the suffering and death of the majority so that a few wealthy elites can survive. Only in an economy small enough to exist in accordance with the specific geography/ecology of a region (its weather, plant life, etc.), rather than manmade fianciual imperatives, which are artificial and irrelevant to most living things, can true resilience occur. Comparing today's challenges to those of even 50 years ago is entirely missing the biggest challenges of all-those that threaten all of us.
@tonystanley5337Күн бұрын
The UK is severely short on property right now. Renting its very hard to get a place even with money, even with buying its very hard. In my region every place get sold within weeks of going on the market. We really need to release more land for building as well as reduce land banking or speculation. Green belt is all very nice, but you cannot keep increasing the density of cities year on year.
@edwardhoffenheim3249Күн бұрын
I think media instilled a sense of entitlement that nimbys have today because i distinctly remember a LOT of shows where the plot revolved around some dense housing being built and the protagonists when through the runtime of the show fighting to stop development and they win with celebrations in the end. So people may have been conditioned to think that low dense suburban areas are the peak of development and that they should be sanctified and protected. We've been pumped with a lot of self serving consumerist ideals over the last few decades.
@michaelplank8966Күн бұрын
Not true plentiful housing in the us in some places nice houses for 50grand
@IsaacKeatonКүн бұрын
We need policies to discourage speculative investments. Herd mentality equals chaos. Personally I shifted from following the crowd to solid research and saw $1.3 million in returns under a year.
@PeterParkar-nk6dwКүн бұрын
True, herd mentality sucks. You mentioned returns, how do you know it's due to research and not luck? Luck in investing is often downplayed.
@IsaacKeatonКүн бұрын
when its consistent, its not considered luck. research was the challenge until it led to Emily Ava Milligan, a top fund manager, her strategy made 290k into this and counting.
@PeterParkar-nk6dwКүн бұрын
I pasted her name into my browser, her website popped right up. I wish I had a tangible example like yours to reference earlier. thanks for sharing
@elro5899Күн бұрын
the truth is there is global conspiracy to bankrupt all people to go back to feudalism kzread.info/dash/bejne/d5qCr9aQfpXSc8Y.html
@form7678Күн бұрын
Cash is still the best option in my OPINION
@TheSandkastenverbotКүн бұрын
Good thing I can't stand the EE narrator's voice anyway
@royk7712Күн бұрын
Chinese people is really ruthless toward its competition. Price war is always the answer to kill the competition. It also lead to decrease quality of the product and the cycle repeat. That's why cheap and fake product is flood the market also it destroy genuine product that produced by honest manufacturer
@retiredoba2836Күн бұрын
TBD
@sadhbhdelahuntКүн бұрын
When did it happen that people in their 20's expect to purchase their own home? Must be standard of living is so much higher. Look at the type of houses built in 60, 70and 80's. One bathroom, 3 bed, lounge kitchen. Now its en suit, 2 bath, laundry, pantry, lounge, cinema room, etc.
@laskartreceКүн бұрын
How was the Aztec economy? Thank you.
@sadhbhdelahuntКүн бұрын
Reduce population. We need green spaces and other species.
@arthurbister8894Күн бұрын
You missed several points Municipality gain for creating scarcity of houses because it pushes up their price, brings up tax revenue and don’t have to spend on infrastructure and schools.
@John-ul4hvКүн бұрын
Coercive control involves perpetrators using patterns of abusive behaviours over time in a way that creates fear and denies liberty and autonomy. Cited from Attorney General's Department Australia. Totalitarian control Use cash people
@aimedia9020Күн бұрын
More fake economic news from a fake economist. Last week China reported 5.3% GDP growth. Most European nations are in or near recession. But it's China's economy that's in trouble? USA government debt is $35 trillion. China's overseas debt is $3.9 trillion. Yet it's China's economy that's in trouble? When will these people stop spouting such rubbish.
@hantoh_.boliyeКүн бұрын
correct indian map dont play chinese agenda
@secretbunnyninjaКүн бұрын
Ultimately this problem doesn't go away regardless of the theories presented. The biggest problem, is that existing homeowners, speculators, and investors do not want the value of their homes to decrease, regardless of the nonsense in this video, the home would still act as a home whether its being rented or owned, thusly serving its purpose as a consumable good either way. The only way in the US this gets solved is by revitalizing what was abandoned, and coercing companies to create jobs there. This happens with government incentives that can only come from taxing the rich. Which only happens when lobbying is made illegal. This high level data even academically is completely useless as its intermingled across multiple complex nations with varying cultures, and avenues of change. I am blown away at how pointless this video is, and feel dumber for having wasted my time with it.
@platin2148Күн бұрын
Well how will a holding money limit work? Does that mean i’ll loose it or i’m not able to even get it? As i guess they’d want to have people use it more often. I guess the limit will then either not allow transactions or have it expire..? Well the voucher is not a good argument as i willingly did get it not on force.
@platin2148Күн бұрын
I think a big issue with the unfriendly country argument is that if you want something from then you’d still need to use there money? I highly doubt that programmable anything will work, there is already a currency that is used for contracts that has the issue now too with physical goods and there is no real solution for that yet.
@platin2148Күн бұрын
Maybe we can make cdbc so that you make your own key on your device that only allows you to close and open it. Korruption will not be something this should fix. As i guess there will be exceptions anyways again..
Пікірлер
My father worked as an engineer in a lot of places but especially in the Middle East and the way to solve the housing crisis is to do exactly what he was working on in the 80’s ,so state contracts . Basically the state (the client) issued an invitation to tender to let’s say build 5000 houses on a precise location and following some specifications and then waited for the offers . The client was providing the land and the company hired was just there to build what was agreed to be delivered so no involments in sales / financing / getting the land etc ….just building . Simple , efficient and most importantly very nice and affordable housing as the units were sold with zero profit . Price was set to cover the cost of building and the land which was cheap because rezoned a residential by the state for the projects . I asked my father what would be the actual cost of building something of that quality today and and said that from the moment the land is provided you can build really good stuff using top materials for around 1500$ per square meter (around 150$ per sq.ft) for houses and much less for apartments . That is simply the unique solution for affordable housing (not social housing which is different ) so housing to target the young professionals who starts in life , people who can afford a 150 to 300K$ mortgage for a 1500/2500 sq .ft properly build property .
Como mexicano me gusta de que seamos una economía conectora, solo que el próximo gobierno debe ser muy cauteloso para aprovechar esta oportunidad
The global environment that allowed China to grow rapidly was free trade and globalization. Now that China has become a threat to global industries (such as automobiles), free trade and globalization are being restricted in a wave of protectionism. I see China suffering through depression-like conditions for a decade or two as it transitions to a service economy and a co-operating global partner -- moves which will first require the Communist central government to collapse and be replaced by a secular democracy or equivalent.
This speaker left out China's quick rise is due to China stealing foreign company's trade secrets or setting conditions such as giving up their technology to enter the Chinese market. Northern Telecom is a great example. Huawei stole Northen Telecom's telephone network switching technology then sold that technology at a lower price. The strategy put Northern Telecom out of business. Very biased and dangerous reporting here.
It's been collapsing for 40 years according to wester media .today got a gdp ppp bigger than usa japan and Germany combined.
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
Investing in both real estate and stocks can be prudent choices, particularly when backed by a robust trading strategy that can navigate you through prosperous periods.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
@@LucasBenjamin-hv7sk Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Finding financial advisors like Sharon Ann Meny who can help you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Economist explains why China's growth miracle is failing .... I don't think so.
Peter is a smart guy, he makes his case well. He's just a guy who knows the things he knows and views the world through that lens.
I think the increased self-reliance (re-shoring) in an increasingly multipolar world (fragmented) is an overall good. It does not necessarily fragment economies, rather it can strengthen national economies by providing opportunities for domestic workers and reducing national liabilities.
China will at least stagnate as long as one man (Xi) has to make all of the decisions with no push-back from anyone.
removing any legal tender laws, allowing the people to choose, I'd expect they would do better than The State with its fiat currency(ies). Wouldn't it be interesting to see!?
Deregulation. Thats it. Zoning and regulations caused this issue.
So money laundering is not an option here? You just ignore the fact that there are global criminal organizations? Not a good analysis.
What exactly supposed to mean "China has threatened to invade Taiwan'? According to China Taiwan is its province. According to the US who do not recognize Taiwans sovereignety it is part of China. How and why would that "invasion" occur? Maybe tomorrow the US are gonna invade California????
Is that why Biden is implementing 100% tariff on Chinese EVs and EU is also going in that direction. Wow China is really going down LOL.
Houses are more affordable, for the rich. That's the reason. You can't buy a house because you poor. All this suggar coating only distracts people from the real issue. Which is, pure capitalism sucks. Just as pure comunism. We should be looking for something different or as proper combination and balance of systems.
Mass immigration has driven the demand in these three markets. In Canada, immigration over 40 years has pushed the population 13 million higher than it would have been. The 4 million+ extra residences necessary has increased demand and congestion.
I've been following your trading advice for a while now, and I think it's time for me to take my skills to the next level by joining your VIP group. Your insights are so valuable!
In the United States, housing affordability has significantly changed from the 1980s to today, with current conditions making homeownership generally less affordable than it was four decades ago. In the 1980s, mortgage rates were extraordinarily high, often exceeding 15%, which made borrowing expensive. However, home prices were much lower relative to incomes. The median home price in 1980 was around $47,200, and the median household income was about $17,710, resulting in a price-to-income ratio of approximately 2.7 (DQYDJ - Don't Quit Your Day Job...) (Pew Research Center). Today, mortgage rates are much lower, typically around 3-4% in recent years, making monthly payments more manageable despite higher home prices. However, the median home price has soared to over $350,000, while median household income has increased to approximately $68,703, pushing the price-to-income ratio to about 5.1 (Pew Research Center) (Money). This indicates that while monthly payments may be lower due to reduced interest rates, the overall cost of purchasing a home relative to income has increased substantially. Income Growth vs. Home Prices: Another key factor is that home prices have outpaced income growth. Since 1960, median home prices have increased by about 229%, whereas median household income has only grown by about 140% (The M Report). This disparity means that today's homebuyers need a larger portion of their income to afford a home compared to those in the 1980s.
I find it interesting how he didn't touch on how much money people are making at their jobs compared to house prices.
Yeah keep voting for uncontrolled government spendings, inflationary policies, uncontrolled immigration, and you get what you voted for,
I have noticed that housing as an investment skews the marketplace. In particular, Wall Street’s massive purchase of single-family homes. I honestly think that Wall Street should be barred from doing this. People don’t realize that Wall Street is “forever money” and they have the ability to own a house in perpetuity.
I like your approach to the content & subject matter, but you could do with a lot less hand jive & waving as it distracts from the message your are trying to convey. If you find that you are incapable of stopping the hand jive delivery style, than perhaps you could switch to the "talking hand" style of video where you are seen from the shoulders up. This allows the listener to focus on your content instead of your style.
Great analysis...zeihan sound like typical china hater.... china ccp in general can do not right.
Thanks for your effort and for your video. It is mostly information that we already knew, and yet your video makes it clearer. Nicely done!
Increased density does not equal affordable housing. If that was the case NYC would be very affordable but the opposite is true. The phenomenon called induced demand where an increase in the supply of a good or service leads to an increase in its consumption. That is especially true now when mega corporations like Blackrock are buying homes left and right. Cost to build a house is more or less the same across the country. The variables are cost of the land and cost of regulations. If you want affordable housing you need the Sprawl. Build more roads, more mass transit. Aim to get gas and cars cheaper. Prohibit mega corporations like Blackrock from scooping all the homes. Invest in neglected neighborhoods. Also, property taxes should be looked at so investment in the area does not push people that already live there out. In addition average means that there less expensive homes/apartments available.
It’s been my understanding that housing prices are a function of personal income. And, while markets can remain irrational longer than we can remain solvent, at the end of the day, prices will regress to the mean.
A big reason China wont pull out of the dive is political. China's economy is not about prosperity, it is about maintaining CCP control. To recover and transition China would have to accept some pain and create a real middle class that would likely demand more say in how the country is run. They wont go there.
Facts about Joke Briben: -Took showers with daughter Ashley right until she was at least 10 which she stated was "probably not appropriate" and credited for her sex and drug addictions; she also said he "hyper-sexualized" her while she was a toddler (she didn't elaborate, thank God). She wrote this in her diary which she later abandoned in a halfway house after leaving rehab. The FBI later raided homes of reporters who acquired the diary and tried to cover the story claiming it had been stolen (stealing a diary is a federal crime), she also called them admitting it was hers and threatening them with involving the Secret Service -Hinyer Briben himself nicknamed his dad "Pedo Pete" -Claimed his first wife and daughter who died in a car accident were killed by a drunk driver; in reality, his wife inexplicably swerved on the opposite lane and struck an oncoming truck head: the truck driver was sober and was not responsible in any way for the accident, it was his wife the one who caused the accident -Claimed to have worked as a coal miner which never happened -Claimed to have worked as an 18-wheeler truck driver which never happened -Claimed he held 3 college degrees, that attended college on a full scholarship and was admitted to West Point; none of that is true (he did enroll in ROTC but got an F) -White House intern Vail Kohnert-Yount (worked for him while he was Vice President) accused him of attempted rape, stating he touched her and kissed her without her permission while complimenting her on her beauty -Current wife "Doctor" Jill was originally his daughter's babysitter and they were having an affair while both were still married to their first spouses; in fact, they were in bed together when he was informed his first wife and daughter died -Claimed to have travelled 17,000 miles with Xi Jinping (the Earth's diameter is around 7900 miles): his staff was reportedly puzzled about where he came up with this number from or why -Since at least the 2020 presidential Democratic primaries, he has been forced fed dementia meds before each public appearance by his wife to render him coherent; an eyewitness (former aide) said that before taking the pills he was "like a small child" and "unable to speak" -Claimed that he once traveled to Iraq to personally pin a medal on a war hero and that he was warned it could be dangerous but that he bravely brushed off the concerns by saying "we can lose a Vice President, we can't lose any more of these kids" and that as he entered Iraq he was shot at 3 times: he had never been to Iraq and had to retract his story and apologize -When he did go to Iraq he said "he was shot at" which turned out to have been a single mortar exploding miles away from his hotel; his advisers begged him to stop telling the story because it could easily be debunked but flat-out refused until caught -Claimed he went to Afghanistan where al-Qaeda and the Taliban teamed up to shoot down his helicopter forcing it to land with "three-star general and 3 United States senators" onboard, it turned out the helicopter wasn't attacked and landed due to a coming snowstorm 10 hours away; the other claims were also false -Plagiarized speeches by Robert Kennedy, Jack Layton and Neil Kinnock (after he was caught stealing Kinnock's speech he withdrew from the 1988 presidential primaries in disgrace and was notable because the speech narrated Kinnock's childhood and family, meaning he stole another man's entire life story word-by-word; furthermore, during 'his' speech he explicitly claimed he created the speech on the spot) -He plagiarized his thesis -He claimed he finished in the top tier of his class at law school when in fact he finished in place 79th out of 85 (he earned only Cs and Ds during the first 3 semesters) -In college he flunked at least 1 course because of persistent plagiarizing in assignments and papers -The PhD thesis of his wife, "Dr." Jill Briben, has at least 3 grammatical errors and at least 3 errors in basic math in its first page alone and was written with triple paragraph spacing in order to write as little as possible using as much space as possible: Joke Briben forced her community college to award her the degree -Claimed that he visited and met Nelson Mandela in South Africa while imprisoned by the Apartheid government and that he was himself arrested by the South African police when he insisted in meeting him and publicly supported him despite police threats; his staff warned him all of this was false and asked him not to repeat it and he replied he already knew and kept repeating that, later adding that Mandela thanked him for "trying to visit him in prison at the cost of his own freedom" -Stole a "climate change plan" from several NGOs and presented it as his own -Claimed that when he was 21 he convinced Senator Strom Thurmond to support the 1964 Civil Rights Act before he died (Thurmond never supported the act and they only met 8 years later) -Claimed to have been an important figure in the 1960 American civil rights movement; among other things, he claimed to have participated in sit-ins, to have marched along Black activists and to have been arrested for his activitism; none of this was true and during his Congress career he was noted for openly sympathizing and negotiating with racist lawmakers to the point that he supported segregation and Jim Crow, publicly worrying desegregation could end and his grandchildren would grow in "a racial jungle" -The day after becoming Vice President his deadbeat brother Jim showed up to work wearing cufflinks with the Presidential seal and arrogantly insulting his coworkers while openly boasting about being the Vice President's brother -Was also accused of rape and sexual harassment by his Congressional aide Tara Reade; when she went public with the accusation she sought assistance from Time's Up (NGO formed in response to the #MeToo movement to provide free legal aid to female victims of sexual abuse) which refused to help her arguing that Briben was a presidential candidate at the time and they'd be effectively interfering with elections but none of this stopped them regarding Trump when he ran for President in 2016. It was proven that Reade had already went public with her claim in the past when her mom talked about the incident on an episode of the Larry King show; less than 24 hrs after this became public this episode disappeared from the Google online video store and no reason was ever given while Facebook started to ban its users from sharing links to a website that documented Biden's sexual misconduct accusations (JoeBiden dot info); Reade's former neighbor, mother and then husband would confirm her accusations and this incident was mentioned in Reade's divorce proceedings meaning they're in publicly-available court records; even more, Reade filed a formal complaint in Congress and asked Briben to release his Congressional papers (held in a university in Delaware) he of course refused; 'news' outlets such as The New York Times, MSNBC, CNN and Washington Post never covered Reade's accusations even though they had been so concerned about victims of sexual abuse and were quick to condemn Justice Kavanaugh solely on the testimony of the greedy fame-seeking Christine Blasey Ford who couldn't present a shred of evidence besides her dubious testimony after which the witnesses she brought to testify in her behalf refused to back her claims, after which a retired FBI agent who happened to be a friend of Ford threatened one of Ford's friends so that she would publicly back her claims up which she refused to do, but even so, Ford would receive the undeserved attention she sought, awards and medals from Leftie Liberal NGOs and sign a very lucrative book deal plus making a lot of money giving lectures while Justice Kavanaugh was slandered, smeared and humiliated; Reade didn't receive these same privileges -Claimed that contamination in rainwater gave him cancer; he just had 1 small solar-induced melanoma removed as a kid -Forced his deadbeat crackhead son Hunter to give him 50% of his salaries on all the sinecure "jobs" he held and every bribe he received for being Briben's son -Claimed Trump caused thousands of children in Mexico to starve to death - In 2010 when he met Senator Scott Brown and his wife in public he started grabbing her ass and kissing her neck; he only stopped after the Senator physically separated them and threatened him telling him "I'll kick the shit out of you" -Claimed his father was a "gentleman, decent man" who never got to go college and "worked at coal until the whole industry died". In reality, his dad went to Johns Hopkins for over a year but dropped out because his nepotistic father got him a high paying job as a salesman for a coal company but he lost everything because of alcoholism; he's also documented as having cheated on Joke Briben's mom at least once when he and his also-married cousin went on a yacht for several days with 2 single women -Claimed his house once almost burned down, claiming a firefighter almost died while he had to brave the flames to rescue his wife and dog; it turned out it was a small kitchen fire put down by 2 firefighters in less than 20 minutes; nobody was hurt or in any risk -Claimed he was in Ground Zero the day after 9/11; he was in Congress -Claimed his uncle (who fought as a combat pilot in World War 2) was shot down by the Japanese during a dogfight and that he was then captured by cannibals and eaten in New Guinea; in reality, his uncle's plane had engine trouble during a routine flight and had to ditch at sea in the middle of the ocean where he died and his body remains there with his wreck Copy and spread this, share screenshot, update whenever possible (no credit is necessary just spread it and share it please)
Any "macro" assessment that does not include humans' catastrophic impact on our habitat is missing the elephant in the assessment. Fragmentation is crucial if we are to return to sustainable, "local" practices that prioritize quality of life over such abstractions as GDP. The fragmentation trend may not be intentionally promoting a return to more sustainable lifestyles but it is our only hope if we are to save our species from extinction or, worse, the suffering and death of the majority so that a few wealthy elites can survive. Only in an economy small enough to exist in accordance with the specific geography/ecology of a region (its weather, plant life, etc.), rather than manmade fianciual imperatives, which are artificial and irrelevant to most living things, can true resilience occur. Comparing today's challenges to those of even 50 years ago is entirely missing the biggest challenges of all-those that threaten all of us.
The UK is severely short on property right now. Renting its very hard to get a place even with money, even with buying its very hard. In my region every place get sold within weeks of going on the market. We really need to release more land for building as well as reduce land banking or speculation. Green belt is all very nice, but you cannot keep increasing the density of cities year on year.
I think media instilled a sense of entitlement that nimbys have today because i distinctly remember a LOT of shows where the plot revolved around some dense housing being built and the protagonists when through the runtime of the show fighting to stop development and they win with celebrations in the end. So people may have been conditioned to think that low dense suburban areas are the peak of development and that they should be sanctified and protected. We've been pumped with a lot of self serving consumerist ideals over the last few decades.
Not true plentiful housing in the us in some places nice houses for 50grand
We need policies to discourage speculative investments. Herd mentality equals chaos. Personally I shifted from following the crowd to solid research and saw $1.3 million in returns under a year.
True, herd mentality sucks. You mentioned returns, how do you know it's due to research and not luck? Luck in investing is often downplayed.
when its consistent, its not considered luck. research was the challenge until it led to Emily Ava Milligan, a top fund manager, her strategy made 290k into this and counting.
I pasted her name into my browser, her website popped right up. I wish I had a tangible example like yours to reference earlier. thanks for sharing
the truth is there is global conspiracy to bankrupt all people to go back to feudalism kzread.info/dash/bejne/d5qCr9aQfpXSc8Y.html
Cash is still the best option in my OPINION
Good thing I can't stand the EE narrator's voice anyway
Chinese people is really ruthless toward its competition. Price war is always the answer to kill the competition. It also lead to decrease quality of the product and the cycle repeat. That's why cheap and fake product is flood the market also it destroy genuine product that produced by honest manufacturer
TBD
When did it happen that people in their 20's expect to purchase their own home? Must be standard of living is so much higher. Look at the type of houses built in 60, 70and 80's. One bathroom, 3 bed, lounge kitchen. Now its en suit, 2 bath, laundry, pantry, lounge, cinema room, etc.
How was the Aztec economy? Thank you.
Reduce population. We need green spaces and other species.
You missed several points Municipality gain for creating scarcity of houses because it pushes up their price, brings up tax revenue and don’t have to spend on infrastructure and schools.
Coercive control involves perpetrators using patterns of abusive behaviours over time in a way that creates fear and denies liberty and autonomy. Cited from Attorney General's Department Australia. Totalitarian control Use cash people
More fake economic news from a fake economist. Last week China reported 5.3% GDP growth. Most European nations are in or near recession. But it's China's economy that's in trouble? USA government debt is $35 trillion. China's overseas debt is $3.9 trillion. Yet it's China's economy that's in trouble? When will these people stop spouting such rubbish.
correct indian map dont play chinese agenda
Ultimately this problem doesn't go away regardless of the theories presented. The biggest problem, is that existing homeowners, speculators, and investors do not want the value of their homes to decrease, regardless of the nonsense in this video, the home would still act as a home whether its being rented or owned, thusly serving its purpose as a consumable good either way. The only way in the US this gets solved is by revitalizing what was abandoned, and coercing companies to create jobs there. This happens with government incentives that can only come from taxing the rich. Which only happens when lobbying is made illegal. This high level data even academically is completely useless as its intermingled across multiple complex nations with varying cultures, and avenues of change. I am blown away at how pointless this video is, and feel dumber for having wasted my time with it.
Well how will a holding money limit work? Does that mean i’ll loose it or i’m not able to even get it? As i guess they’d want to have people use it more often. I guess the limit will then either not allow transactions or have it expire..? Well the voucher is not a good argument as i willingly did get it not on force.
I think a big issue with the unfriendly country argument is that if you want something from then you’d still need to use there money? I highly doubt that programmable anything will work, there is already a currency that is used for contracts that has the issue now too with physical goods and there is no real solution for that yet.
Maybe we can make cdbc so that you make your own key on your device that only allows you to close and open it. Korruption will not be something this should fix. As i guess there will be exceptions anyways again..