Housing prices keep rising, but wages haven’t kept up. For many young people, owning a home is no longer a realistic goal - it’s becoming a luxury.
What used to be a natural part of adult life has turned into a debt trap or simply a fantasy. More and more young people are realizing that buying property under current conditions makes little financial sense.
We're witnessing a shift: instead of saving for a home, people are turning to alternative assets, remote lifestyles, or simply accepting long-term renting.
Is this the beginning of a structural economic change - or just another bubble waiting to pop?
What used to be a natural part of adult life has turned into a debt trap or simply a fantasy. More and more young people are realizing that buying property under current conditions makes little financial sense.
We're witnessing a shift: instead of saving for a home, people are turning to alternative assets, remote lifestyles, or simply accepting long-term renting.
Is this the beginning of a structural economic change - or just another bubble waiting to pop?
This is the beginning of a rollback to the past, when, for example, 100 years ago, the majority of the population could not afford their own homes. The return to the past is carried out through rising prices; that is, through financial coercion, as indeed many other goals are achieved in the economy of "financial speculation capitalism."
At the same time, real estate was turned into another speculative asset. However, as in the legend of King Midas, who turned everything into gold with a touch, financial bigwigs turn everything into speculative assets or debts. Under this curse, such an economic system will inevitably collapse. Characteristically, even if real estate falls sharply in price, it will not solve the housing problem, because if the bubble collapses, it will affect the entire economy and the purchasing power of the population will also fall.