They are lying about the housing crash: Top Economist warns
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Top Economist, Steve Keen reveals the shocking truth behind America's housing crisis and why Trump is considering declaring a national housing emergency for the first time since 2008. This isn't about supply shortages - it's about banks flooding markets with mortgage money for 50+ years.
In this explosive analysis, you'll discover:
✅ How banks (not supply issues) created the global housing bubble
✅ Why real house prices have risen 2.5x since the 1970s
✅ The mortgage debt acceleration data that predicted every crash
✅ Why baby boomers paid just 40% of today's housing costs
✅ Steve's PILL solution that could end housing bubbles forever
✅ How 15 countries show the same devastating pattern
KEY INSIGHTS:
Average first-time buyer age: 1981 = 29 years old | Today = 38 years old
Housing prices globally follow mortgage debt acceleration, not supply/demand
Australia avoided crashes by keeping "foot on the accelerator" with first-home buyer grants
Even Germany shows the same correlation despite smaller price rises
TIMESTAMPS:
0:00 Introduction: The Coming Housing Crash
2:15 The Role of Banks in Housing Prices
5:30 Data Analysis: House Prices vs Mortgage Debt
9:45 Global Perspective: 15 Countries Compared
8:10 Australia's Hidden Housing Bubble
11:30 Germany's Unique Market Trends
12:45 Solutions: The PILL Proposal
15:20 Why Mainstream Economists Are Wrong
This analysis comes as Treasury Secretary Scott Bessent suggests Trump may declare a national housing emergency this fall - the first since the 2008 financial crisis burst the last housing bubble.
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Who is Dr. Steve Keen?
Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields.
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Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com
(Plus get Ravel™ - my proprietary economic visualization software I used in the videos - as a free bonus, if you get accepted & join.)
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