I think its a gerontocracy issue. Older European generations have negotiated for the current state of affairs which are nice for existing homeowners who are ne

I think its a gerontocracy issue. Older European generations have negotiated for the current state of affairs which are nice for existing homeowners who are near and in retirement. This is at the expense of the youth who have eye watering levels of youth unemployment, near 20% in many EU countries. It's 25% in Portugal (vs 6.5% overall) and was as high as 35% in the last decade. These levels make it hard for the next generation to build a career, savings and future for themselves. Note US current unemployment rate is about 4% with youth unemployment being 9%. So US youth unemployment is ~2x overall while Portugal for example has youth unemployment at 4x the overall rate... much more skewed.