Is the west falling?

>start families
>OMG who cares go travel, play video games!

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It's because interest rates have been far too low to act as a form of stimulus since the GFC.

The eternal adolescence we're seeing from 20-somethings right now is a direct consequence of them not being able to afford traditionally "adult" things, like their own house or a car.

The real reason.
Money laundering and tax evasion by wealthy billionaires are pushing the formally rich millionaires of big cities like London, NYC, LA, SF etc.. to look for properties else where. This creates price increases in pretty much all minor-major cities.

Realistically speaking, i would have to spend two more years at my mum place in order to afford a house of my own. Christ...

It's due to overpopulation. There's too many fucking people and the price of having children is starting to outweigh the benefits.

its not just the west, west actually has it better because you might not buy it yourself but the banks interest rates and not daylight robberies

i mean you see those numbers about how young ppl dont leave home at some places, its not cultural, its financial purely

I'm currently looking to rent property in Manhattan and fuck my ass is it terrible. I'm thinking of biting the bullet and commuting like 90min a day across the Hudson from NJ. It'll be WAY worth my time monetarily. But it'll suck my soul.

why the fuck would you want to live in Manhattan?

Work. Not gonna say more desu.

find a room mate

it failing would imply that it used to be good. it was never good. And I doubt it's ever going to be.

If I will never have enough money to start a family, why shouldnt I blow what little I have on good experiences?

wouldnt mind being paid (retaining otherwise lost wealth) by do nothing tbqh

>300 k net immigration a year
>Housing target of 300 k that is never met
Gee I wonder what is driving high British property prices

why is it so low though?
housing materials are not that expensive
labor is not that expensive either

le ebin memegineering work and the greed of companies

they are close to prices though lol
logically the prices of capital goods will rise massively as more money gets pumped into the entire property sector

Wouldn't it be cheaper if the west is falling?

I mean you're right but Brera is a celebrity hotspot and artist district it's a bad example

There are three primary reasons.

The first reason is that foreign investors are buying up property for their money laundering schemes. The third reason is the general demographic trend urbanization has continued and people are increasingly living alone and not with a family or a partner like several decades ago. This has increased demand for apartments in general. The single household has become the new norm. The third reason is the lack of new social housing projects. Thanks to Neoliberalism this was utterly neglected, indeed already existing ones were privatized at a large scale and then gentrified. So overall social housing has actually decreased.

over here the banks give 0.6% interest 3rd mortgages to boomers so they can buy houses and turn them into studio apartments

>they are close to prices though lol
i'm sure they aren't here, since empty lots still sell for 600k while a lot with a house in the same area will be about 800k
I just dont understand why space itself is so expensive here when we have fucking loads of it (your just not able to buy most of it)

My city didnt even bother building anything between 2007 and 2015. Only now it is exceeding Amsterdam levels of price growth they gave the order to expand the amount of housing by 30% or so.
Because when someone buys said ground they want a big profit and whoever buys it from them wants an ever bigger profit

There's nowhere in Toronto where homes aren't being built.

The housing bubble destroyed us in 2008 and there's another housing bubble in the works because we never learn.