Yeah, it's more or less same mess in Europe too. Young people are supposed to take 20-30 year mortgages that require a stable career to pay back, while corporations do their best to make everyone unemployed via advances in AI and robotics. Hell, my country also shares more than 1000km of with Russia, and who says we won't have WW3 in 20-30 years?
At this point the main economic improvement in my life will probably come when I inherit my paren't house. Career, work, that is all uncertain to build a life upon, so I will just rent and downshift.
Oh yeah, you're right. Rising rates basically crashed the entire construction sector in my country for that reason, since few people can afford the rates, so no new mortgages.
At this point the main economic improvement in my life will probably come when I inherit my paren't house. Career, work, that is all uncertain to build a life upon, so I will just rent and downshift.