Video Description

Who actually ends up with that mortgage payment you make every month? Spoiler: it's not the bank. Previous videos mentioned in this video: Debt - https://www.youtube.com/watch?v=KLQlOK3AWSs What is Money - https://www.youtube.com/watch?v=_gcNMu40jqs&ab_channel=GarysEconomics Flows of Wealth - https://www.youtube.com/watch?v=KdOU-KfIuQU&t=748s&ab_channel=GarysEconomics How the Rich get Rich from Covid-19 - https://www.youtube.com/watch?v=EiblHqbpXHs&t=3s&ab_channel=GarysEconomics Timestamps 00:00 Intro 01:38 Credit and debt explained 06:25 Morgage credit 08:00 Flows of wealth 09:16 How the rich buy property 13:02 Governments and banks 15:35 Should you get a mortgage? UNDERSTAND, SHARE & PUSH BACK SPOTIFY - https://open.spotify.com/show/2807p01KIe4RRFjRTB5o25 INSTAGRAM - https://www.instagram.com/garyseconomics TIKTOK - https://www.tiktok.com/@garyseconomics BLUESKY - https://bsky.app/profile/garyseconomics.bsky.social X - https://twitter.com/garyseconomics FACEBOOK - https://www.facebook.com/garyseconomics PATREON - https://patreon.com/garyseconomics DISCORD - https://discord.gg/vqME6WsPd7 WEBSITE - https://www.garyseconomics.org SUBSCRIBE, SHARE & START A CONVERSATION Performed by Gary Stevenson @garyseconomics