Why Are Houses So Expensive? (It's Not Wall Street)

Why are houses so expensive, and why can't anyone afford a house anymore? The typical first-time home buyer in America is now 40 years old, a record. Homes cost nearly five times what a typical household earns. We break down the four forces behind the housing crunch: too few homes, rules that block building, expensive mortgages and owners who won't sell. We also look at whether Wall Street is buying up all the houses, whether prices will crash, and the one American city where rents actually fell. Chapters 0:00 Intro 0:31 How bad is it? 1:38 Reason 1: Not enough homes 2:24 Reason 2: Rules that block building 3:13 Reason 3: Expensive mortgages 4:03 Reason 4: Nobody wants to sell 4:59 Is Wall Street buying all the homes? 5:47 Will prices crash? 6:26 The city where rents fell 7:37 What it means for you