30 min
2024:38 Rich in Poor Houses The David McWilliams Podcast
-
- News
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?
Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.
Hosted on Acast. See acast.com/privacy for more information.
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?
Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.
Hosted on Acast. See acast.com/privacy for more information.
30 min