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?
You seem a little out of touch or you are misunderstanding the situation. The younger generations are always going to want to want their own space and only the degree of safety that owning your home (even if paying it off through a mortgage) gives you. The problem they are increasingly facing is getting priced out of the market, as more businesses seem to be buying and renting property for a profit. Especially in this time of high interest rates, which followed over a decade of very low interest rates, caused a spike in prices while wages were generally stagnating. I don't think the desire to own a home has changed, it is just becoming ever more difficult as time passes.