The median first time homebuyer is now 40 years old (a record high) and first time buyers are only 21% of all home buyers (a record low).
A whole generation under 30 is figuring out that a home & a family will never be within reach for them.
What happens when a whole generation has nothing in the system worth protecting?
Society is not ready for what that does.
@FluentInFinance Even for those who are able to buy a house, it also means more and more people will be paying off a mortgage after retirement (40 + 30 year mortgage).