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I've recently been helping a zillennial friend in Canada house hunt and I cannot tell you how radicalizing the experience has been.
Absolute shitholes going for 2x their worth. Houses listed at 4-5x what they were bought at just a few years ago. Swarms of investors clamoring to bid up anything remotely decent. Boomers confidently rejecting even perfectly reasonable offers because they know they can get a few dollars more from some indian caravan pooling 10 incomes to buy their single-family dwelling.
The most recent house he went to view had been on the market for less than 3 hours when he contacted the agent and already had 5 blind offers on it he was expected to compete with.
Young people have been systematically robbed of the opportunity to own a home - something that was once an anticipated, reasonable, and common milestone in life.
The ripple effect of generational and social consequences this has had cannot be overstated.

15.8. klo 00.57
"There are now more homebuyers over age 70 than under 35," per FORTUNE.
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