Gary Stevenson

So did you know what the five whys are?

The five whys is basically this idea you have a problem and I find it interesting as well.

Basically you just keep asking why, why, why until you find the reason which is once again exactly like what kids do.

Jeff Bezos has a lot of similarities to a young child it seems.

So let's get into this all right.

Let's get into this five whys.

Why can't you afford to buy a house?

What is the reason?

Why is that happening?

The answer to that, I think, is because you are increasingly competing with a class of unbelievably rich people who are making 30 million dollars every single day for the ownership of the assets in the world.

You know, if you look at the countries and the places in history where housing is affordable, they are countries that do not have incredibly wealthy billionaire classes, you know, like Europe in that.

the period after the World War II.

And if you look at the countries where housing is unaffordable, like now, these are places where you have these super wealthy billionaires.

They're buying everything.

Of course they're buying everything.

It's not just housing that's getting expensive.

Assets in general are becoming expensive because you're competing with billionaires.

Okay, but the five whys, okay, we keep asking, okay, well, why?

Why do we have a super, super wealthy billionaire class now, when we didn't have that in the 50s and the 60s and the 70s and the 80s and the 90s when housing was much more affordable?

Well, the answer is quite simply because in the 80s, we stopped taxing billionaires, effectively.