Foreign Investment and the Housing Crisis

In cities across Canada, the US and other parts of the world, the cost of living continues to rise -- and housing becomes increasingly unaffordable. Rental rates outpace inflation. Owning a home becomes virtually impossible for millions. Economists have debated the usual causes of this crisis for years... but it appears there's a variable many people haven't considered, something a little stranger than domestic supply and demand. Investors from across the planet are pouring money into real estate, not for a home, but as a safe haven for storing cash. Tune in to learn more. Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers