They are lying about the housing crash - Top Economist Prof Steve Keen warns

19th September 2025

Top Economist, Steve Keen reveals the shocking truth behind America's housing crisis and why Trump is considering declaring a national housing emergency for the first time since 2008.

This isn't about supply shortages - it's about banks flooding markets with mortgage money for 50+ years.

In this explosive analysis, you'll discover:
✅ How banks (not supply issues) created the global housing bubble
✅ Why real house prices have risen 2.5x since the 1970s
✅ The mortgage debt acceleration data that predicted every crash
✅ Why baby boomers paid just 40% of today's housing costs
✅ Steve's PILL solution that could end housing bubbles forever
✅ How 15 countries show the same devastating pattern

KEY INSIGHTS:

Average first-time buyer age: 1981 = 29 years old | Today = 38 years old

Housing prices globally follow mortgage debt acceleration, not supply/demand

Australia avoided crashes by keeping "foot on the accelerator" with first-home buyer grants

Even Germany shows the same correlation despite smaller price rises