What broke the rental market (and can it be fixed)? | ABC News In-depth

Rental costs are soaring, but not just in Australia. Our reporters are criss-crossing the globe to find out what’s going on. Armed with 30% of the median household income, we’re challenging them to find the best apartment they can in their city, without blowing the budget.
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Correction: 39:05, the line referring to 10 million unused dwellings should refer to Japan as a whole, not just Tokyo.
36:20 video courtesy Nneka Okoli ‪@nourishnneka‬
0:00 In case you hadn't noticed, the rental market is really bad
1:56 So just how bad is rental affordability?
7:19 How did rent get so expensive?
9:35 House hunting in New York
14:23 Looking for living space in London
20:37 Size isn't everything in Tokyo
26:43 Beating away the competitors in Sydney
31:11 Should we look at New York style rent caps?
38:07 Could Tokyo's approach to zoning help?
43:30 How London's essential workers afford a house
51:10 Could "build to rent" help affordability?
56:04 So is there an answer?
ABC News In-depth takes you deeper on the big stories, with long-form journalism from Four Corners, Foreign Correspondent, Australian Story, Planet America and more, and explainers from ABC News Video Lab.
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