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21 September 2012

House Prices: Why are they so high? (new video)

You’ve probably heard politicians saying that we need to build more houses to bring down house prices.
Merry Christmas from Positive Money 🎄 What a year it’s been!

You’ve probably heard politicians saying that we need to build more houses to bring down house prices. But house prices aren’t high because there’s “too many people and too few houses”. This new 2 minute video explains why house prices are really so high, and how banks have managed to price out an entire generation from being able to afford somewhere to live:[youtube height=”HEIGHT” width=”WIDTH”]https://www.youtube.com/watch?v=Y4WmDoYJhnk[/youtube]

If we want to keep houses affordable for ordinary people, we have to make sure that enough people understand how banks really work and where the money for mortgages actually comes from.

Spreading the word is crucial, so please share this with anyone you know who’s been priced out of a home – friends, kids, students etc.

Infographic:

(click to enlarge)

More Detail: Why are house prices so high? (In depth)

 

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