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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. Subscribe: https://ab.co/3yqPOZ5 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. Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 For more from ABC News, click here: https://ab.co/2kxYCZY Get breaking news and livestreams from our ABC News channel:    / newsonabc   Like ABC News on Facebook:   / abcnews.au   Follow ABC News on Instagram:   / abcnews_au   Follow ABC News on Twitter:   / abcnews   Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia