Insane house prices are destroying the middle-class dream of home ownership. Or... are they?

Is there actually a housing crisis? Or are most people, in fact, comfortably paying historically-unremarkable mortgage repayments for a desirable product? Economist Cameron Murray argues for this unpopular (you might even say “uncomfortable”) heterodox view. While many of his peers, like our recent guest Peter Tulip, argue that house prices are too high because of a lack of supply, Cameron reckons they’re actually… checks notes… just fine.

Josh pushes on this theory, from interest rates to immigration to the politics of property, in a conversation that asks what really drives up the property price tag, what we’re really paying for... and why we just can’t stop talking about it.