> it is our own fault though: pretty much everyone thinks it's normal to get a mortgage to buy a house. i don't think there's anything normal about that. there's nothing wrong with getting a mortgage to buy a house that only costs three or four times your annual salary. real estate is one of the assets that has seen enormous price inflation due to the printed money. also the stock market, medical costs and university tuition. now the average home is around 8x-10x the average worker's annual income. gen z won't ever even be able to buy a new vehicle. i'm old enough to remember skoda, trabant and the original vw beetle. people could buy an austin mini here in canada, new for $1500 in the mid 70s.
Canada