When I was younger I lived in a few different cities and the usual thing to do was share the rent with others. So yes $1500/mo for an apartment may have been un

When I was younger I lived in a few different cities and the usual thing to do was share the rent with others. So yes $1500/mo for an apartment may have been unaffordable, but that's an apartment with 3 rooms so find some people to share it with and you are paying $500/mo each. If you get along with said people there are other benefits too vs living on your own, so it's a win-win. The problem I see with this In my city today is almost all new developments are smaller, being studios or 1 or 2 bedrooms. As the older housing stock is replaced, it means at sometime in the future it's not going to be possible to share as I did. Most people who have families move to the suburbs when they outgrow their apartment, so there isn't much demand for larger properties amongst people who can afford to buy them.