Patrick Boyle

Not London, but the UK in general.

Because there's this funny thing where if you look in the United States, if you ask an American about their investments, they'll tell you about the index fund they have, their retirement account, whatever else.

British people just invest in housing.

Ireland is the same.

You know, the only investment is housing.

And some of it is that they also don't trust these other things, you know, because there's actually one of the beauties, the reasons that people like investing in the United States is sort of good securities regulation, where as an investor, you kind of feel you'll be treated fairly.

And it's always, it's never seemed as good here.

And you kind of think, well, at least if I have a house, I have a house.

But the problem with housing as an investment is that it then, it sort of incentivizes government.

Like no government will get reelected if house prices fall 20% on their watch, right?

Like it's not happening.

And so if they kind of even have to urge to sort of keep it stable or creeping upward over time, how do you do that?

Well, you don't build enough houses.

You put in place rules that are sort of very good for housing.

the people who already have money, who already have houses.

And so that goes up and up and you end up in this situation where sort of, and this is a bit the situation in other countries, but it's just a nightmare in Britain where, you know, there's small, you know, unaffordable,

a low quality housing stock in truth.

Like if, you know, a few years ago, I kind of made a bit of a joking video.

A friend of mine was looking to buy a house.

And so I thought, well, what I'll do is I'll look around the United States and around the world a little bit.