The Housing Slowdown Could Become a Global Meltdown
Young people unable to buy homes because of stratospheric price increases are cheering the downturn in some housing markets around the world. But they'd better be careful what they wish for: Frothy housing prices, empty office buildings and even a refusal to pay mortgages by many Chinese have the potential to turn a global economic slowdown into something much worse.
In this season's final episode, we explore the confounding real estate market, where prices in many countries have reached unsustainable levels despite a global pandemic. First, reporter Maria Paula Mijares Torres relates the…
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