Comment by Danox
20 hours ago
Very true. And the way things are going, just in the English-speaking countries, United States, Canada, Great Britain, Ireland, Australia, and New Zealand, those between 18 and 40 are having more trouble buying that house or condo.
Those luxury apartments are going up everywhere, at least in the United States. $2200 a month with amenities for a one bedroom studio.
Come on. There are plenty of places in the USA where you can rent a small apartment for less than $2200. Try Cleveland.
Because boomers were imbued with love for centralized solutions by their greatest generation parents without really understand the "this isn't a magic wand" side of the coin. And so they went on and regulated the living crap out of where and what kind of housing (everything really) can be built so the only way to make a project still have a "someone will finance this" profit margin after all the getting kicked in the dick by regulatory hoops you gotta do is to build a lot of units hence the proliferation of luxury condos and tract home/townhouse developments.