Its almost like young people make less money, have fewer opportunities, and everything is more expensive, than back in the day.
Too bad Japan isn't into WoW. They would have enough material for decent World First contenders.
2014 Gamergate: "If you want games without hyper sexualized female characters and representation, then learn to code!"
2023: "What's with all these massively successful games with ugly (realistic) women? How could this have happened?!"
Don't see the problem, the way I see it, shared living is cheaper and therefore smart. Why is it so frowned upon if someone lives with their parents after they turn 18?
it is a confirmation that capitalism doesnt work, costs have skyrocketed and the wages have not moved at all to compensate for the massive cost increases. and you are shocked folks cant afford to move out of moms basement. really common sense, capitalism is the culprit behind this.
In Japan and many other Asian countries, family unit is very-very strong. It might be not as much the fact that property is expensive, as this factor: due to very close interaction between children and parents, it sometimes just might not make much sense for one to move out, unless they have another family with their spouse.
Japan offers one of the highest qualities of life in the world, and you are saying capitalism doesn't work just because of one cherry-picked statistical fact?
This doesn't actually mean anything. Japanese and in fact most Asian cultures are largely family oriented, as opposed to the more independant oriented nature of western nations. This news shouldn't surprise anyone at all. It shouldn't even be news.
Actually. The problem is housing prices are increasing far more than inflation. They're usually their own thing.
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What do you mean if? Have you seen the housing situation in the nordic countries? Of course in the nordic countries the banks allow everyone to borrow insane amounts, creating other problems.
"Be polite, be professional, but have a plan to kill everybody you meet.” - General James Mattis
Cost of living is high everywhere.
Australian real estate is burning hot. A lot of Chinese money driving property prices up. In fact, now there are restrictions against foreign investor in Australia limiting them to newly built houses and apartments. Australia now has the third-highest ratio in the world of household debt to gross domestic product, at 115 percent.
Canada’s real estate is almost as bad with 92 percent ratio between household debt to gross domestic product.
China is pretty bad also. Everybody and their aunts are investing in real estate. Driving the price of real estate sky high. If it is not for the Chinese government keep pumping cheap money into the market, the bubble would have burst a long time ago. Not to mention the shoddy construction practices and non-existent quality control. China housing market is poised for a big tumble.
Hong Kong and Singapore real estate markets are also crazy high.
Not that the US is any better. I just read that the median price of house in S.D. now is $589,000. Higher than the peak in 2006, and still rising. A lot of foreign investors putting their money here. Over thirty percent of the properties my wife handled this year were sold to foreign investors.
The same thing is happening throughout all the coastal communities in CA, Oregon and Washington.
It is tough for young people to get started without getting a leg up from their parents these days.
Eventually, maybe. But today, capitalist countries tend to have the highest qualities of life. And before people counter it with, "But look at the Nordic countries", Nordic countries actually have a very progressive form of capitalism, that just also combines socialist elements in a decent proportion. Pure socialist countries are unviable nowadays - although it might change with automation dozens years later.