The WSJ piece only reaffirms what is playing out in large urban centers around the world (not just the US): that it's getting tougher to get ahead these days.
In Toronto, for example, the average selling price for a home has almost doubled in the last 10 years from ~$570,000 in 2014 to ~$1.1 million dollars in 2024; the average monthly rent ~$1,100 in 2014, now ~$2,300/mo. in 2024.
Is it any wonder this has created a housing affordability crisis forcing younger adults to delay many of the so-called traditional markers of adulthood mentioned in the piece?
Unfortunately this is yet another article on this subject where the author can only offer head scratching. I'd like to see some more international reporting done. We know that fertility is dropping worldwide; we've been told about "lying flat" in China and about Korea's gender wars. What about Latin America? What about Africa? Are young people giving up there, or do they feel ascendant even as they decide not to start families as often?
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[ 2.6 ms ] story [ 18.3 ms ] threadIn Toronto, for example, the average selling price for a home has almost doubled in the last 10 years from ~$570,000 in 2014 to ~$1.1 million dollars in 2024; the average monthly rent ~$1,100 in 2014, now ~$2,300/mo. in 2024.
Is it any wonder this has created a housing affordability crisis forcing younger adults to delay many of the so-called traditional markers of adulthood mentioned in the piece?