The housing market is broken. Prices in the UK are 9 times the average salary. In Australia, they're rising at the fastest rate ever.
— Dr. Steve Keen (@ProfSteveKeen) November 27, 2025
The usual story is "supply and demand." But that's not the whole picture.
For 130 years, from 1850 to 1980, house prices doubled. In the last 40… pic.twitter.com/JyiuJMJ1HH