Boomers Just Torched The American Dream (And Here's The Only Way Out) | Art Of Spending Money
Tom Bilyeu speaks with an economics expert about how the US housing shortage drives social problems for younger generations and whether rising national debt risks economic collapse.
The gist
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The US is short 3 to 5 million homes not because of scarce resources but because of political and regulatory choices.
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Rising home values don't make owners richer if they have to buy an equally expensive home when they move.
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The US debt-to-GDP ratio sits at 123% and climbing, a level the guest says has historically preceded economic collapse or high inflation.
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Post-WWII Levittown shows rapid mass housing construction is possible, but today's regulations make that kind of project nearly impossible to repeat.
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The Art of Spending Money
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1:30:35
Same as Ever
· "My three books, The Art of Spending Money, Same as Ever, and The Psychology of Money. Every half decent..."
1:30:35
The Psychology of Money
· "My three books, The Art of Spending Money, Same as Ever, and The Psychology of Money. Every half decent..."
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