2024:38 Rich in Poor Houses

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 9 May 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why do wealthy people live in houses originally built for the less affluent? Despite vast improvements in living standards over the years — lower infant mortality rates, faster access to life-saving drugs, and increased life expectancy — today, even modest homes are un-affordable for many. Consequently, wealthy individuals find themselves competing for properties originally intended for lower-income families. This trend not only highlights the scarcity of suitable housing but also deepens social stratification, as the affluent outbid others, driving up prices and displacing those with fewer resources. Is there an easy fix?

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Transcript

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1:28.6	It is time for the podcast.
1:30.7	This podcast today is going to be on the very strange observation that I have made over
1:34.9	the last while, which is why do rich people live in houses that were built for poor people?
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1:44.1	And it is a long odyssey we are going on.
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