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The Economics of Real Estate

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About The Economics of Real Estate

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This video was made possible by our Patreon community! ❀️ See new videos early, participate in exclusive Q&As, and more! ➑️ https://www.patreon.com/EconomicsExplained β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€ A home is in most developed nations in the world the centrepiece of the family finances, it is simultaneously the largest investment and largest expense of almost any individual lucky enough to break it to this increasingly unattainable market with a massive mortgage. But is this all for the best? Have houses been conflated with poker chips, as people no longer look at them as shelter for a growing family but rather as an asset to make wild speculative moves on in the hope of equally wild returns. The property market was at the centre of the last financial downturn in 2008, and as it seems we are on the precipice of another major recession it is probably a prudent time to re-evaluate what is going on with the world of real estate. To do this we are really going to have to look at things on a few level’s from the macroeconomic factors like over-development and over-leveraging to issues on an economy-wide level which is ultimately going to boil down to answering a few key questions: What does a strong property market mean for the wider economy? Are their better investments out there? And are we over-leveraged right now? β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€ πŸ“š Want to learn more about the economics of real estate? We recommend reading "Economics, Real Estate and the Supply of Land", by Alan Evans πŸ‘‰ https://amzn.to/30mT2Mg (as an Amazon Associate, we earn from qualifying purchases) Enjoyed the video? Comment below! πŸ’¬ β­‘ Subscribe to Economics Explained πŸ‘‰ https://bit.ly/sub2ee β­‘ Enjoyed? Hit the like button! πŸ‘ Q&A Streams on EEII (2nd channel) β†’ https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g βœ‰οΈ Business Enquiries β†’ [email protected] Follow EE on social media: Twitter 🐦 β†’ https://twitter.com/EconomicsEx Facebook β†’ https://www.facebook.com/EconomicsEx Instagram β†’ https://www.instagram.com/EconomicsEx... β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€ #RealEstate #Economics #Recession β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€ Sources & Citations - Jowsey, E., 2011. Real estate economics. Macmillan International Higher Education. Evans, A.W., 2008. Economics, real estate and the supply of land Barlowe, R., 1978. Land resource economics: the economics of real estate. DiPasquale, D. and Wheaton, W.C., 1996. Urban economics and real estate markets (Vol. 23, No. 7). Englewood Cliffs, NJ: Prentice Hal Wheaton, W.C., 1999. Real estate β€œcycles”: some fundamentals. Real estate economics β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€ EE Fan Exclusive Offer: Sign-up for Acorns! πŸ‘‰ https://www.acorns.com/ee (after registration, Acorns will deposit $5 in your account to help you get started with investing!) β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY πŸ‘ŠπŸ™ Support EE by becoming a Patron today! πŸ‘‰ https://www.patreon.com/EconomicsExplained The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: Morgon Goranson, Andy Potanin, Wicked Pilates, TadeΓ‘Ε‘ UrsΓ­ny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas

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