When boomers hog all the properties in hope of making a profit, what they’re essentially doing is taking money from the future generations. They believe future generation will die die need a property.

Now millennials don’t want to subject their children to the same fate as them, thus refuse to raise a family and the next generations which suppose to support the boomer property price.

No la. Just slower growth. Don’t expect 1970 to 1990s era kind of growth.

Daddy : I buy my house because I want give my next gen
Millennial : okay then I no need buy house dy.
Daddy : but but but…..

Boomers can afford their own house, and what they do? They start speculating on property and thus getting more income not by creating value but by hogging limited resources and transferring the burden of value creation to the next gen.

This post has been edited by Mixo Mania: Jan 19 2024, 06:11 PM