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Why you need to own a home

January 27, 2025
Wealth Inequality Enough is Enough Tax Wealth Not Work Economics of Covid Rich get Richer Poor get Poorer Economics Explained Tax the Rich End Austerity Billionaire Poverty
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I<00:00:00.120> wouldn't<00:00:00.359> be<00:00:00.520> surprised<00:00:00.840> if<00:00:00.960> house<00:00:01.160> Bry<00:00:01.439> is

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I wouldn't be surprised if house Bry is

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I wouldn't be surprised if house Bry is doubled<00:00:01.839> in<00:00:01.920> the<00:00:02.000> next<00:00:02.200> five<00:00:02.320> or<00:00:02.480> six<00:00:02.679> years

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doubled in the next five or six years

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doubled in the next five or six years doubled<00:00:04.600> I'm<00:00:04.920> that<00:00:05.640> I<00:00:05.799> think<00:00:06.040> that<00:00:06.720> probably

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doubled I'm that I think that probably

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doubled I'm that I think that probably will<00:00:07.399> happen<00:00:08.120> I<00:00:08.160> mean<00:00:08.280> look<00:00:08.400> at<00:00:08.519> the<00:00:08.599> stock

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will happen I mean look at the stock

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will happen I mean look at the stock market<00:00:09.040> what's<00:00:09.200> the<00:00:09.320> stock<00:00:09.480> market<00:00:09.719> done

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market what's the stock market done

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market what's the stock market done what's<00:00:10.240> the<00:00:10.360> gold<00:00:10.519> price<00:00:10.719> done<00:00:10.880> gold<00:00:11.080> price

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what's the gold price done gold price

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what's the gold price done gold price has<00:00:11.360> doubled<00:00:11.759> nothing's<00:00:12.040> changed<00:00:12.320> with<00:00:12.480> gold

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has doubled nothing's changed with gold

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has doubled nothing's changed with gold you<00:00:12.880> know<00:00:13.120> gold<00:00:13.440> gold<00:00:13.639> is<00:00:13.759> still<00:00:13.960> gold<00:00:14.200> the

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you know gold gold is still gold the

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you know gold gold is still gold the same<00:00:14.400> thing<00:00:14.480> it's<00:00:14.599> been<00:00:14.759> for<00:00:14.879> thousands<00:00:15.160> of

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same thing it's been for thousands of

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same thing it's been for thousands of years<00:00:15.639> price<00:00:15.879> gone<00:00:16.039> up<00:00:16.119> because<00:00:16.320> rich<00:00:16.480> people

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years price gone up because rich people

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years price gone up because rich people got<00:00:16.760> more<00:00:16.880> money<00:00:17.359> and<00:00:17.520> everything<00:00:17.760> else<00:00:17.920> will

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got more money and everything else will

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got more money and everything else will go<00:00:18.199> with<00:00:18.320> it<00:00:18.840> I've<00:00:18.960> been<00:00:19.080> saying<00:00:19.320> for<00:00:19.400> a<00:00:19.520> long

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go with it I've been saying for a long

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go with it I've been saying for a long time<00:00:19.880> house<00:00:20.119> price<00:00:20.400> will<00:00:20.519> go<00:00:20.640> up<00:00:20.800> house<00:00:21.039> price

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time house price will go up house price

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time house price will go up house price will<00:00:21.359> go<00:00:21.480> up<00:00:21.600> house<00:00:21.800> prices<00:00:22.080> will<00:00:22.199> go<00:00:22.279> up

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will go up house prices will go up

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will go up house prices will go up whenever<00:00:22.720> I<00:00:22.840> say<00:00:23.119> that<00:00:23.640> you<00:00:23.800> get<00:00:24.160> people<00:00:24.359> in

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whenever I say that you get people in

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whenever I say that you get people in the<00:00:24.519> comments<00:00:24.840> Angry<00:00:25.119> Young<00:00:25.320> People<00:00:25.560> no<00:00:25.720> way

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the comments Angry Young People no way

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the comments Angry Young People no way house<00:00:26.080> price<00:00:26.279> is<00:00:26.320> going<00:00:26.400> to<00:00:26.480> go<00:00:26.599> house<00:00:26.800> price

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house price is going to go house price

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house price is going to go house price is<00:00:27.000> going<00:00:27.080> to<00:00:27.160> collapse<00:00:27.480> there's<00:00:27.640> no<00:00:27.760> way<00:00:27.880> it's

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is going to collapse there's no way it's

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is going to collapse there's no way it's sustainable<00:00:28.439> house<00:00:28.640> price<00:00:28.840> are<00:00:28.920> going<00:00:29.000> to

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sustainable house price are going to

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sustainable house price are going to collapse<00:00:29.960> and<00:00:30.000> I<00:00:30.080> don't<00:00:30.199> need<00:00:30.279> to<00:00:30.439> ask<00:00:30.640> I<00:00:30.720> know

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collapse and I don't need to ask I know

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collapse and I don't need to ask I know who<00:00:30.960> these<00:00:31.119> people<00:00:31.320> are<00:00:31.840> these<00:00:31.960> are<00:00:32.119> young

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who these people are these are young

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who these people are these are young people<00:00:32.599> without<00:00:32.960> without<00:00:33.239> homes<00:00:33.760> and<00:00:33.879> the

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people without without homes and the

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people without without homes and the reason<00:00:34.200> these<00:00:34.320> people<00:00:34.480> are<00:00:34.600> saying<00:00:34.840> it<00:00:35.000> is

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reason these people are saying it is

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reason these people are saying it is because<00:00:35.520> they<00:00:36.480> they're<00:00:36.960> terrified<00:00:37.360> of<00:00:37.480> that

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because they they're terrified of that

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because they they're terrified of that happening<00:00:38.320> and<00:00:38.680> and<00:00:39.239> and<00:00:39.360> they<00:00:39.520> right<00:00:39.719> to<00:00:39.879> be

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happening and and and they right to be

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happening and and and they right to be because<00:00:40.360> it's<00:00:40.920> awful<00:00:41.440> going<00:00:41.559> to<00:00:41.680> be<00:00:41.800> so

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because it's awful going to be so

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because it's awful going to be so socially<00:00:42.360> divisive<00:00:42.800> because<00:00:42.920> a<00:00:43.000> lot<00:00:43.079> of

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socially divisive because a lot of

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socially divisive because a lot of homeowners<00:00:44.600> will<00:00:44.760> be<00:00:45.039> happy<00:00:46.039> and<00:00:46.280> a<00:00:46.399> lot<00:00:46.559> of

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homeowners will be happy and a lot of

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homeowners will be happy and a lot of non-home<00:00:47.840> owners<00:00:48.840> includes<00:00:49.120> a<00:00:49.160> lot<00:00:49.280> of<00:00:49.360> young

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non-home owners includes a lot of young

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non-home owners includes a lot of young people<00:00:50.680> that<00:00:50.760> will<00:00:50.920> mean<00:00:51.239> for<00:00:51.600> them<00:00:52.600> not<00:00:52.840> just

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people that will mean for them not just

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people that will mean for them not just permanent<00:00:53.520> Financial<00:00:53.960> insecurity<00:00:54.879> Financial

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permanent Financial insecurity Financial

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permanent Financial insecurity Financial insecurity<00:00:55.800> for<00:00:56.000> their<00:00:56.199> kids<00:00:56.879> and<00:00:57.000> for<00:00:57.160> their

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insecurity for their kids and for their

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insecurity for their kids and for their grandkids<00:00:58.440> these<00:00:58.600> will<00:00:58.719> be<00:00:59.000> if<00:00:59.120> they<00:00:59.320> kids

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grandkids these will be if they kids

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grandkids these will be if they kids these<00:01:00.280> will<00:01:00.519> lose<00:01:00.960> capitalism<00:01:01.719> and<00:01:01.840> they<00:01:01.960> will

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these will lose capitalism and they will

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these will lose capitalism and they will be<00:01:02.239> dropped<00:01:02.519> off<00:01:02.680> the<00:01:02.760> bottom<00:01:03.039> forever<00:01:03.640> these

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be dropped off the bottom forever these

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be dropped off the bottom forever these will<00:01:03.960> be<00:01:04.119> the<00:01:04.360> guys<00:01:04.839> who<00:01:05.000> have<00:01:05.159> lost<00:01:05.400> Monopoly

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will be the guys who have lost Monopoly

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will be the guys who have lost Monopoly and<00:01:06.200> have<00:01:06.320> to<00:01:06.400> sit<00:01:06.560> on<00:01:06.680> the<00:01:06.880> side<00:01:07.439> eating<00:01:08.000> in

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and have to sit on the side eating in

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and have to sit on the side eating in tacos<00:01:08.439> and<00:01:08.560> pizza<00:01:09.080> for<00:01:09.240> another<00:01:09.520> six<00:01:09.799> hours

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tacos and pizza for another six hours

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tacos and pizza for another six hours while<00:01:10.520> the<00:01:10.960> who<00:01:11.040> are<00:01:11.159> winning

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while the who are winning

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while the who are winning fight<00:01:11.720> it<00:01:11.840> out<00:01:12.400> like<00:01:12.600> that's<00:01:12.880> that's<00:01:13.000> the<00:01:13.119> situ

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fight it out like that's that's the situ

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fight it out like that's that's the situ and<00:01:13.520> I<00:01:13.640> know<00:01:13.799> that's<00:01:14.040> why<00:01:14.360> that's<00:01:14.560> why<00:01:14.680> they're

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and I know that's why that's why they're

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and I know that's why that's why they're so<00:01:15.000> unhappy<00:01:15.280> when<00:01:15.360> I<00:01:15.439> say<00:01:15.600> how<00:01:15.759> price<00:01:16.000> is<00:01:16.080> going

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so unhappy when I say how price is going

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so unhappy when I say how price is going to<00:01:16.320> go<00:01:16.439> up<00:01:16.880> but<00:01:17.000> I<00:01:17.080> don't<00:01:17.280> say<00:01:17.439> it<00:01:17.560> because<00:01:17.759> I

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to go up but I don't say it because I

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to go up but I don't say it because I want<00:01:18.000> them<00:01:18.119> to<00:01:18.280> go<00:01:18.439> up<00:01:18.759> I<00:01:18.880> say<00:01:19.040> it<00:01:19.119> because<00:01:19.320> it's

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want them to go up I say it because it's

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want them to go up I say it because it's going<00:01:19.520> to<00:01:19.720> happen<00:01:20.600> really<00:01:20.960> I<00:01:21.079> don't<00:01:21.240> see

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going to happen really I don't see

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going to happen really I don't see housing<00:01:21.880> as<00:01:22.320> an<00:01:22.479> inflation<00:01:23.079> hedge<00:01:24.079> housing<00:01:24.360> is

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housing as an inflation hedge housing is

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housing as an inflation hedge housing is aing<00:01:24.880> housing<00:01:25.240> hedge<00:01:26.079> like<00:01:26.200> if<00:01:26.320> you<00:01:26.520> don't<00:01:26.840> own

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aing housing hedge like if you don't own

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aing housing hedge like if you don't own a<00:01:27.280> house<00:01:27.840> you're<00:01:28.040> short<00:01:28.479> one<00:01:28.759> house<00:01:29.439> like<00:01:29.520> the

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a house you're short one house like the

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a house you're short one house like the flat<00:01:29.960> position<00:01:30.159> in<00:01:30.360> housing<00:01:31.119> is<00:01:31.320> not<00:01:31.640> zero

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flat position in housing is not zero

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flat position in housing is not zero it's<00:01:32.159> one<00:01:32.560> because<00:01:32.759> where<00:01:32.880> you<00:01:33.000> going<00:01:33.079> to<00:01:33.520> live

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it's one because where you going to live

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it's one because where you going to live yes