Why Are Houses So Expensive? w/ David Miles

Real house prices over the past 40 years have almost quadrupled, significantly outpacing real income growth. This is a massive problem for younger people who are increasingly struggling to get onto the housing ladder. This issue has become even more pressing the past couple of years as house prices have continued to accelerate upwards. In this event David Miles discusses why houses are so expensive.

David Miles is currently a Professor at Imperial College London where he specialises in Financial Economics and particularly the housing market, COVID-19 and monetary policy. Between 2009-2015 he served on the Bank of England’s interest-rate-setting Monetary Policy Committee (MPC). He has also worked for Morgan Stanley as their Chief UK Economist between 2004-2009.

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