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?
You can't say same applies to all young people all over the world. Different countries with their different backgrounds and economic status of their young people. In my country, houses are equally expensive but most young people would rather splash money on cars that build a house. Although building a house does not seem like a priority to them, the major reason is not because they cannot afford to get themselves a house. Most young people just prefer to live in locations where they can connect with like minds and business partners. 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?