How did houses get so expensive?

Since the 1990s, house prices have risen from roughly four to eight times the average national income. Many reasons, such as 1m homes lying empty and rising buy-to-let demand, are cited as reasons for exploding property prices while some factors are missed out entirely. We explore some of those potential causes and see what the data tells us to explain why houses became so expensive Subscribe to The Guardian on YouTube ► https://ift.tt/16bR3Lu Support the Guardian ► https://ift.tt/2VEEwKb Today in Focus podcast ► https://ift.tt/2D74a4z Sign up for the Guardian documentaries newsletter ► https://ift.tt/2feoDdN The Guardian ► https://ift.tt/1AFLGzy The Guardian YouTube network: Guardian News ► https://ift.tt/1J9JUwL Owen Jones talks ► http://bit.ly/subsowenjones Guardian Football ► https://ift.tt/1yECE17 Guardian Sport ► http://bit.ly/GDNsport Guardian Culture ► https://ift.tt/16bR6H2