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?
That's exactly what I think, that all over the world the situation with apartments has become very difficult and almost no one can buy an apartment in just a few years of work.
We need to constantly look for part-time jobs or work at a job for 12 hours a week, and only then will there be hope that you can pay off the loan for the apartment.
I am very surprised that even in those cities that are considered to be absolutely unpromising in terms of work, housing prices have also become enormous in recent years.