- Young families pay more to live in smaller homes, further from jobs and with less security than their parents' generation, who instead reap profits from the country's housing shortage
- The big danger today is that young people are having to settle for lower quality, longer commutes and less security in order to afford a place to live, despite spending a record share of their income of housing
- Housing prices have more than doubled in the past two decades, and more than quadrupled in some locations. But average wages have risen by only a fraction of that amount.
- While individual housing costs have increased for everyone, a record proportion of seniors own homes, which has boosted their wealth and income in later life, the report said. The baby boomers - the generation born in the two decades after World War Two - have been the biggest beneficiaries.
http://www.businesstimes.com.sg/rea...housing-crisis-while-older-reap-profits-study
Sounds like Singapore