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TRENDS IN THE HOUSING MARKET — Shadow Banking, Record Debt & the Global Housing Bubble

821 views · Published 22 June 2017 · 1:20:48 · Indexed 23 October 2026

Channel: Mike Martins · 2017 · People & Blogs

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“a million dollars is a mansion not a house” — Mike Martins


 United States — Boston, Seattle and California
- Boston's expensive housing market threatens to push young workers out of the city.
- More than 70% of surveyed Boston millennials express dissatisfaction with local housing affordability.
- Boston studio apartments renting for approximately $2,500 per month.
- The potential loss of teachers, doctors, electricians, plumbers and other essential workers from expensive cities.
- Seattle enters the list of American cities with rapidly increasing million-dollar home listings.
- Seattle's share of million-dollar listings reaches approximately 7.7%.
- Denver, Boulder, Santa Fe and other cities appear in discussions of expanding luxury-property markets.
- California rents expected to rise further, according to the UCLA Anderson Forecast.
- San Francisco, Los Angeles and Sacramento face increasing affordability pressures.
- California teachers and middle-income workers struggle with housing costs.
- California records 10,562 sales of million-dollar-plus homes in Q1 2017, up 11.7% year-over-year.
- California records 2,523 sales of properties valued at $2 million or more, up 11.8%.
- Luxury real-estate sales break first-quarter records while affordability problems persist for ordinary workers.
 Europe — Portugal, Britain and Denmark
- Portugal's devastating June wildfires — remembering the 64 reported fatalities and more than 200 injured.
- More than 2,000 firefighters battling the Portuguese fires, with assistance from other European countries.
- London's Grenfell Tower disaster — discussing fire safety, housing conditions and the people displaced.
- The need to inspect surrounding residential buildings for potential fire-safety problems.
- Denmark's property transactions approach their fastest pace since 2006.
- Historically low interest rates fuel Danish housing activity.
- Denmark's Systemic Risk Council warns about housing-market vulnerabilities, particularly around Copenhagen.
- Mortgage-lending restrictions and the possibility of additional intervention in Denmark.
 Australia — Sydney and household debt
- Sydney residents overwhelmingly describe housing affordability as a crisis, according to the survey discussed.
- Sydney's reported vacant-home problem — questioning whether empty properties should be rented before further construction.
- Growing pressure on teachers, doctors and other workers who cannot afford to live near their jobs.
- Australian financial institutions face credit-rating downgrades.
- Household debt raises concerns about the Australian banking system.
- Low interest rates and speculative property investment — examining the risks of prolonged credit expansion.
- Australian stock markets weaken, with the S&P/ASX 200 reportedly falling approximately 1.4% during the session discussed.
 New Zealand — Auckland's housing emergency
- Prime Minister Bill English reportedly discussed the risk of an Auckland housing crisis in 2010, according to a Salvation Army official.
- Public disagreement over whether New Zealand is experiencing a housing crisis.
- Overcrowded homes and extremely expensive rentals — revisiting reports of dozens of people sharing properties.
- People living in tents, backyards and temporary accommodation.
- New Zealand workers relocating to Australia in search of better opportunities and more affordable housing.
- Auckland's empty-home concerns — questioning how vacant properties affect available housing.
- iShares MSCI New Zealand ETF (ENZL) — examining market charts and potential financial-market weakness.
- Australian and New Zealand market declines — considering whether stock-market weakness could signal wider economic trouble.
Other major discussions
- The media tug-of-war — housing bulls versus housing bears.
- The 1982 Volkswagen Scirocco analogy — why paying luxury-car prices for an ordinary car resembles paying mansion prices for an ordinary home.
- The Dutch tulip mania comparison — warning about speculative buying near the end of a boom.
- Viewer reports from Ontario, Texas and other locations.
- Promoting local housing reporters and independent YouTube channels providing firsthand coverage.
- Your new family business project in Merritt — a tabletop game store and Filipino food market.
- Plans to introduce live telephone call-ins to discuss local housing markets.
- Encouraging respectful debate and welcoming viewers who disagree with your analysis.

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