109 Years to Buy a House? Middle Class Dreams Shattered | Cracknomics Ep 50

8 hours ago 8


From Mumbai to New York, families are struggling to afford a basic roof over their heads. Even the top 5% wealthiest families in Mumbai would have to save for 109 years to afford a decent 2 BHK home. The story is no different in Gurgaon (64 years), Bhubaneswar (53 years), Patna (45 years), or Kolkata (39 years). This is not just an India problem — it’s a global crisis. Across Australia, Canada, Spain, and the US, people are protesting, demanding rent controls and better policies. Just last week, Zohran Mamdani won the NYC mayor primary campaigning on affordable housing and rent freezes. In this episode of #Cracknomics, we break down: Why housing has become so unaffordable? Why even top earners can’t buy homes easily? Is there a global real estate bubble waiting to burst? #AffordableHousing #HousingCrisis #RealEstateBubble #MumbaiRealEstate #UrbanIndia #CostOfLiving #GurgaonHousing #HomeOwnership #GlobalHousingCrisis #ZohranMamdani #MillennialStruggles #IndiaRealEstate #SmartCities #UrbanLife #RentVsBuy #MiddleClassDream #Inflation #RealEstateMarket RentVsEMI #HomeLoans Join The Wire's Youtube Membership and get exclusive content, member-only emojis, live interaction with The Wire's founders, editors and reporters and much more. Memberships to The Wire Crew start at Rs 89/month. https://www.youtube.com/channel/UChWtJey46brNr7qHQpN6KLQ/join
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