Does Housing Debt Create Inequality? Part 2 - Interview with Greg W. Fuller

Most Western economies–the United States, Britain, Canada, the Scandinavian countries and Spain to name a few–are experiencing high levels of debt associated with housing combined with intense affordability issues. In some economies, the 2008 crisis corrected house prices to some degree, but in the post-COVID environment house-prices have once again risen. Similar or greater levels of debt have again manifested themselves. 

Is the root of this a problem with credit markets and mortgage debt? 

Don’t miss this second part of our interview with Greg Fuller as we dive deep down the realm of housing debt. 

Enjoy listening! 

What we learned from Greg Fuller in this episode:

- The effect of debt in housing. (... a glimpse of hope as Greg compared the situation to 10-15 years ago.) 

- Does building more housing actually solves the housing crisis? (... let’s hear the consequences of this idea.)

- The shift from rural to more urban economies — is it good or bad? 

- How does Capital Control prevent foreign investors from abusing the system? 

- How does the cross border flow of capital affect the housing crisis?

Success Quotes:

“If you give capital kind of a structural advantage over labor, you're gonna get growing inequality on a global scale.”

“I think that whatever you mean with wealth, you can't think about it without thinking about what you have and what you contribute to the people around you.”

Timestamp:

00:00 - Intro

02:04 - At what point does debt become the problem? Greg shares his take on this issue. 

06:27 - Can we solve the housing crisis by building houses like there's no tomorrow? (... a look at how Supply and Demand affects this idea.)

12:17 - Greg discusses how the housing crisis can be resolved when it is in the hands of the right individuals.

15:54 -  Greg talks about the effect of the shift from rural to more urban economies. 

21:17 - Greg adds another micro element as to why people tend to concentrate in one area. 

24:24 - Greg shares how capital control works. 

28:49 - Is there a problem with foreign investors building up housing stock that is not serving local demand? Let’s hear what Greg has to say. 

34:06 - What does true wealth mean to Greg? 

35:43 - Ways to reach out with Greg. 

36:10 - Outro

Connect with Greg Fuller:

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

Email: g.w.fuller@rug.nl 

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/