The Real Estate Carry Trade Is A “Death Star”: With John Wright

Associate Professor John Wright is back to dive further into the root cause of the property market crisis: carry trades. In his earlier show we discussed the philosophy based on his new book. https://youtu.be/fWTsHsGBHzY In this show we go deeper, as John Wright centres on the concept of Carry Trades and the practical implications. When you examine the property crisis through this lens, things change, and factors like supply and migration become mere symptoms of a greater ill. Worse, he says, all carry trades create the conditions for their own collapse. The capital imbalance is already here and will accelerate. […]