Thank you for this summary of how this story evolved. Millennials indeed pay premium prices for staples (nespresso coffee costs around 6 times as much as norma

Thank you for this summary of how this story evolved. Millennials indeed pay premium prices for staples (nespresso coffee costs around 6 times as much as normal homebrewed coffee) whilst being unable to buy a house. Which begs the question: Is this an hen/egg-problem? You could say that spendthrifts are only getting what they deserve. But... What if the only reason millennials are pouring so much of their income into consumables (incl. rent) is the unrealistic outlook of ever paying off a mortgage (let alone student debt)? Maybe this bleak outlook for owning property is caused by macro-economic effects (era of zero interest), or just that most millennials despise suburbia and flocking to more Manhattanese-areas (thus inflating already high real estate prices). Or maybe it's just that the product 'mortgage' has lost its appeal in general (who want's to lock himself up for 30+ yrs, practicing the opposite of diversification). In any of those cases it would mean, you would free up a large share of your income for consumption.