Look Who it Was Random video

THE HOUSING CRISIS IS GLOBAL — Canada, Australia & New Zealand Sound the Alarm!

920 views · Published 2 March 2017 · 32:09 · Indexed 29 October 2026

Channel: Mike Martins · 2017 · News & Politics

Watch on YouTube

“This is going to be bigger than any other event in human history and it will affect every human being on Earth.”
— Mike Martins

The housing crisis discussion is getting bigger, and what I find incredible is how many people from different parts of the world are coming onto the channel and telling us what they're seeing firsthand.

This video is dedicated to YOU GUYS — the viewers and the comments.

I'm going through some of the incredible feedback I've been receiving from people in Canada, Australia, New Zealand and the United States. We're talking about housing prices, household debt, banks, mortgages, empty homes, overcrowding, affordability and what could happen if this enormous debt-driven housing market finally starts correcting.

One Australian small-business owner left an interesting comment. He said he had difficulty getting a relatively small overdraft for his business, while employees who had only been working for him for a few months could potentially borrow hundreds of thousands of dollars to buy houses. That's the kind of situation that makes you stop and ask: What exactly are the banks doing?

We're also hearing serious concerns about Australia's household debt and property prices. Some viewers believe Australian housing could eventually experience a major correction, while others are worried about what happens to the banking system if heavily indebted households can no longer keep everything going. These are viewer opinions and concerns, but they're exactly why we're having this discussion.

Then we have Vancouver.

A viewer living in Vancouver describes increasing congestion, overcrowding and the difficulty of getting around the city. She talks about watching the place she grew up in change and questions whether constantly increasing density and development is actually improving people's quality of life.

New Zealand viewers are weighing in too. We're hearing about Auckland housing, empty properties, Australian-owned banks and people wondering how long these housing markets can continue moving in this direction. One viewer even describes hearing about an investor wanting to purchase ten houses in a small New Zealand town.

That's why I keep saying:

TALK ABOUT THE HOUSING CRISIS.

Talk about it with your friends. Talk about it with your family. Talk about what's happening in your city. And most importantly, if you're watching from Australia, New Zealand, Canada, the United States, the UK or anywhere else, tell us what you're seeing on the ground.

This channel isn't just about me giving my opinion. I want this to become a place where ordinary people from around the world can compare what's happening in their housing markets.

Something very strange is happening simultaneously across a lot of English-speaking countries.

Where does this end?

I don't know.

But we're going to keep watching it.

#housingcrisis  #housingmarket  #housingbubble  #canada  #australia  #newzealand  #vancouver  #toronto  #sydney  #melbourne  #auckland  #realestate    #banking  #banks  #costofliving  #workingpoor  #economiccrisis  #debtcrisis  #housingmarketcrash  #realestatebubble  #canadianhousing  #australianhousingmarket  #mikemartins

More from this channel