Yeah, I was about to write the same thing. I’ve been a lifelong renter, but have friends who converted from renting to owning (in Canada). Once you pay $1M+ for your place, you won’t vote for anyone who says they will lower your home prices. And since they’re the majority in every state, it just doesn’t work.
Unless you have some sort of government that plans for “long term”, good luck. On the bright side, decreasing birth rates around the world will solve this problem by itself, if people can wait long enough.
It’s the same in Japan. Tokyo house prices are going YoY because of foreign investments and growing population, but all other prefectures not so much (excluding special zones where they are building big semiconductor factories).
Unless you have some sort of government that plans for “long term”, good luck. On the bright side, decreasing birth rates around the world will solve this problem by itself, if people can wait long enough.
It’s the same in Japan. Tokyo house prices are going YoY because of foreign investments and growing population, but all other prefectures not so much (excluding special zones where they are building big semiconductor factories).