>So what drives these prices is actually inherited wealth. This is so true for Germany/Most of Western Europe. Buying property is a pipe dream at this point, e

>So what drives these prices is actually inherited wealth. This is so true for Germany/Most of Western Europe. Buying property is a pipe dream at this point, even for white collar professionals, if you have no help from the bank of mom and dad. Building has just not kept up with demand (can't build and dilute the value of established NIMBY property owners) and wages have not kept up with the rising property prices. And rent freezing for the established ones further increases the cost for those new to the market. So good luck building wealth for a mortgage when you'll be paying over half of your net income for big city rent. I feel like unless something changes, we're looking at some massive revolts in the next decades if things continue along this path of squeezing the middle and lower classes to further transfer their wealth to the rich, all carefully enabled by the ruling politicians. That's why so many desperate young ones are gambling their savings on GME and other memes, since they realized that unless you're born into wealth, the game is rigged against you building wealth no matter how hard you work. So then, why bother working hard as that just makes the rich even richer but not you.