I did the maths on my parent's first home, which they brought in the early 80s for the equivalent of €35,000 when adjusted for inflation. Today, the same house sells for more than ten times that amount. Within one generation, we've made it so that one home for boomers now costs the equivalent of an entire street of houses for their children.
I did the maths on my parent's first home, which they brought in the early 80s for the equivalent of €35,000 when adjusted for inflation. Today, the same house sells for more than ten times that amount. Within one generation, we've made it so that one home for boomers now costs the equivalent of an entire street of houses for their children.