"Young people who call London, New York, Paris or Tokyo home don’t waste time lamenting why they can’t afford a renovated three-bedroom house in a good suburb with a big backyard and a pretty outlook.
Sure, they’re no doubt frustrated about homeownership, but they just put things into a property perspective. They rent, buy small, or get out of town. And they’ve been doing that for generations.
While living in both London and Paris for several years, I never heard my 20-something or 30-something peers discussing property prices or auction angst. Real estate rarely comes onto their radars — because for them it isn’t an assumed right of passage."
