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?
In many countries, buying a property is so expensive that it doesn't worth it but there are countries where it worth it and is a very good investment option. Some more or less rich Europeans go in poor countries and buy a property there while it's impossible for locals to buy but for these Europeans, it's impossible to buy a property in their homeland.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?
Things simply change, nothing stays the same. If Diploma was a significant thing in the past, today it's not that significant in many countries. If you have a solid work experience and portfolio in software engineering, you can get a job without a degree in computer science. Also, many trades pay much more than CS or other degrees while in the past, those who were in trades, were poor. Today, those with degrees are poorer than those with good trades skills. Things change and people have to adapt.