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Point of No Return | The Walrus
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this post was submitted on 31 Oct 2023
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The fun thing is that you can be lucky and get that first good job, but you're still going to be on the back foot in the housing market when competing against previous generations who have large amounts of existing equity.
43% of people in their twenties living with a parent is not surprising at all given how affordable things aren't.
In 2016, 13.5% of those between 30-34 lived with their parents, and it's been rising.
Also in 2011, 73% of 25-29 year olds have never been married where in 1981 it was 26%. I mean, how can you marry when you can't even get a place of your own? How will people even seriously think about having kids if having a home of their own becomes more and more of a pipe dream?
Then the aging generation will wonder why no one is available to take care of them with the ladder they pulled up at their side...
Why do you think we have a retirement home crisis already? Lack of funding is only a part of the problem.