House Prices: Why are they so high?
-
0:00 - 0:03Pourquoi le prix des maisons
est-il si élevé? -
0:03 - 0:12Durant les 10 années précédant la crise financière, le
prix de l'immobilier a augmenté de 200%. Pourquoi? -
0:12 - 0:16Une convitcion ordinaire est qu'il y a un trop grand
nombre de personnes, trop d'immigration, -
0:16 - 0:19et trop peu de maisons pour tout le monde.
-
0:19 - 0:21C'est un mythe.
-
0:21 - 0:27En fait, durant cette période pour chaque 4 nouvelles
personnes, nous avons construit 3 nouveaux foyers. -
0:27 - 0:34Mais dans le même temps, les prêts hypothécaires ont augmenté
de plus de 370%! -
0:34 - 0:40Alors, où sommes-nous allé trouver tout cet argent pour acheter
des maisons? -
0:40 - 0:46Lorsque vous contractez un prêt immobilier, l'argent ne
provient pas réellement des économies de quelqu'un d'autre. -
0:46 - 0:53Non, il est effectivement tout juste créé, électroniquement,
par les chiffres bancaires frappés dans un ordinateur. -
0:53 - 0:58Et ce sont ces numéros nouvellement créées, ou l'argent
nouvellement créé, que vous pouvez utiliser pour payer -
0:58 - 1:01votre nouvelle maison.
-
1:01 - 1:07Puisque tous les prêts fonctionnent ainsi, tous les
prêts fous avant la crise ont créé des centaines -
1:07 - 1:15de milliards d'argent neuf.
Et cet argent nouveau a afflué dans l'immobilier ... -
1:15 - 1:18... poussant les prix des maisons si haut.
-
1:18 - 1:21Tout le monde paie plus cher pour un endroit pour vivre,
ce qui signifie que, -
1:21 - 1:26après avoir payé le prêt ou le loyer,
il y a moins d'argent pour payer les factures, -
1:26 - 1:31et moins d'argent à dépenser avec les entreprises et
magasins de votre ville. -
1:31 - 1:37Ainsi, les prix des logements élevés ne nous rendent pas plus riche
- Ils nous appauvrissent. -
1:37 - 1:39En fait, pas nous tous -
-
1:39 - 1:43des prix élevés et des prêts plus importants signifient
plus de profits pour les banques. -
1:43 - 1:49Et avec le permis d'imprimer de l'argent,
c'est la garantie qu'elles vont prêter trop. -
1:49 - 1:55Donc, si nous voulons garder des maisons abordables pour les
les gens ordinaires, nous devons nous tourner vers les banques, -
1:55 -et, ensemble, leur enlever leur pouvoir de créer
l'argent, pour de bon.
- Title:
- House Prices: Why are they so high?
- Description:
-
http://www.positivemoney.org.uk/house-prices
Why are house prices so high? Why is it so expensive for us to own a home? Why was there a housing bubble? Why was there a housing crisis?
In the ten years up to the start of the financial crisis, house prices rose by over 200%. (*1)
Why?
A common belief is that there are too many people, too much immigration, and too few houses to go around.But this is a myth.
In fact, during this time for every 4 new people, we built 3 new homes. (*2)
But at the same time, mortgage lending grew by over 370%!
So, where did we find all this money to buy houses?
When you take out a mortgage, the money doesn't actually come from somebody else's savings.
No. It's actually just created, electronically, by your bank typing numbers into a computer.
And it's those newly-created numbers, or newly-created money, that you can use to pay for your new house.
Since every mortgage works this way, all the crazy lending before the crisis created hundreds of billions of brand new money.
And this new money flooded into property...
Pushing houses prices up so high.
Everyone pays more for a place to live, which means that, after paying the mortgage or the rent, there's less money to pay the bills,And less money to spend with businesses and shops in your town.
So high house prices don't make us richer - they make us poorer.
Well actually, not all of us -- high prices and big mortgages mean bigger profits for the banks. And with an effective license to print money, this guarantees they'll lend too much.
So if we want to keep houses affordable for ordinary people, we have to look to the banks, and together take away their power to create money, for good.
Spreading the word is crucial, so please send this to anyone you know who's been priced out of a home - friends, kids, students etc.
You can also send this link:
http://www.positivemoney.org.uk/house-pricesMusic and animation by Henry Edmonds
Narrated by Conor Irwin (www.conor-irwin.com)*1: Source: Nationwide House Price Index -- Q3 1997 to Q3 2007.
*2: Source: Figures on number of houses from: Department for Communities and Local Government, Welsh Assembly Government, Scottish Government, Department for Social Development (NI); Figures for population: Office of National Statistics)
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Follow us on Google+ http://www.positivemoney.org.uk/googleplusPositive Money is a not-for-profit research and campaign group. They work to raise awareness of the connections between our current monetary and banking system and the serious social, economic and ecological problems that face the UK and the world today. In particular they focus on the role of banks in creating the nation's money supply through the accounting process they use when they make loans - an aspect of banking which is poorly understood. Positive Money believe these fundamental flaws are at the root of - or a major contributor to - problems of poverty, excessive debt, growing inequality and environmental degradation. For more information, please visit: http://www.positivemoney.org.uk/
- Video Language:
- English
- Duration:
- 02:21
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