> So at what point does anyone get to keep the money?! The only ones that win are the banks.
When they retire and downsize. The housing market is a scheme designed to funnel money from the young to the old. That’s why they keep voting for policies which keep house prices high. It’s not uncommon in many countries for the older generations, who bought their first homes for peanuts, to own multiple homes. They’re doing really well out of this chaos. All while young people are having to delay families because they can’t afford rent, let alone an apartment or home.
When they retire and downsize. The housing market is a scheme designed to funnel money from the young to the old. That’s why they keep voting for policies which keep house prices high. It’s not uncommon in many countries for the older generations, who bought their first homes for peanuts, to own multiple homes. They’re doing really well out of this chaos. All while young people are having to delay families because they can’t afford rent, let alone an apartment or home.