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> because they don‘t want to give up their lifestyle Almost. They want the same lifestyles that their parents had growing up. I do blame the housing market fo
by tetris11 3y ago
> because they don‘t want to give up their lifestyle
Almost. They want the same lifestyles that their parents had growing up. I do blame the housing market for this. If you rent for the rest of your life, nothing will stop your rent from increasing and your wages from stagnating, and those two lines will cross at some point. With kids it's sooner. The only security you can have is to own a home to guard against any future price gouging.
- themaninthedark 3y agoI think more correct would be, they want the same lifestyle that they think their parents had growing up. I know an older couple, same age as my parents, they take their entire family on vacations and have a very nice house. They talk about how when they started out they made their own furniture out of paper mache. My parents had a similar lifestyle, things were not easy then either.
- phatfish 3y agoThe house price to average income ratio has become much worse over time in most "developed" economies. There is a mountain of good enough cheap products now due to global supply chains, but you have to stuff them into a tiny flat/apartment. Sitting on a papier-mâché chair in a well sized home is by far the better situation.