The article discusses the ongoing housing crisis, emphasizing that despite being labeled a crisis, it lacks the urgent responses required. Prices have surged, with an average increase of €200,000 for homes over the last decade, which burdens young buyers with substantial debt. This trend exacerbates the gap in home ownership, particularly for younger generations, and perpetuates cycles of higher rents and lost opportunities. Without significant intervention, established patterns of unaffordability will continue, leaving many without access to home ownership and stability.
Our housing problems continue to be called a crisis, yet they are still not treated as such. It is all too business-as-usual.
Without real change, the same patterns of rising prices, higher rents, lost opportunity and unfulfilled potential will persist.
The cost of buying a home has shot up by €200,000 in the last decade, signing young people up to higher debts.
This skyrocketing price cuts more people off from home ownership, exacerbating the housing crisis.
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