The Mindful Wealth Podcast

Did Financial Markets Cause Today’s Housing Crisis?


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So where do housing markets stand today? That is the biggest question we have.

The global capital markets and financial excesses have transformed global housing and real estate markets all over the world. Combined with inadequate capitalization and insufficient safeguards in the financial system, unsustainable home mortgages were at the root of the crisis. 

Join us in this episode as we feature our special guest, Gregory Fuller, Assistant Professor at University of Groningen and author of the book “The Political Economy of Housing Financialization” as he offers a number of policy suggestions intended to weaken the links between housing, economic instability, and inequality.

Enjoy listening! 

What we learned from Greg Fuller in this episode:

- How is housing related to the concept of true wealth? 

- What’s the housing status in post-COVID season? (... a look at the unique thing in this season.)

- How national housing systems diverge in terms of their commodification and financialization.

- Are we now achieving financial equality when it comes to housing affordability?  

- The Safe Assets Shortage Conundrum — what’s happening in today’s economy? 

Success Quotes:

“It's hard to talk about wealth in any meaningful sense without talking about houses.”

Timestamp:

00:00 - Intro

01:16 - Greg shares his background and how he was able to attain what he has today. 

03:56 - What’s the relationship of housing in true wealth? (... let’s hear what Greg has to say.)

06:53 - What is the unique thing in post-COVID?

09:19 - Is today’s season the season of equality when it comes to financial accessibility?

12:58 - How is it that housing became the store of middle class wealth? (... a history of why it became the generative of inequality.)

20:31 - Greg talks about The Safe Assets Shortage Conundrum and how it affects the current economy. 

23:57 - Outro 

Connect with Greg Fuller:

LinkedIn: https://www.linkedin.com/in/gregory-fuller-066a571b/ 

Connect with us:

Jonathan DeYoe - Money Philosopher LinkedIn: https://www.linkedin.com/in/jonathandeyoe/

Terrie Schauer, PhD - Author of Mindful Landlord LinkedIn: https://www.linkedin.com/in/terrieschauer/

...more
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The Mindful Wealth PodcastBy Mindful Wealth