forma condo.Young Canadians are defeated by house prices.With the economic downturn,the phenomenon of young Canadians”gnawing on the old”is becoming more and more serious.The average price of a new home in Canada was C$751881 per household in 2017,and the real estate industry now accounts for 12%of Canada’s GDP,according to the data.Please Visit:forma condo to Get Your VVIP Registration Today!
The stubbornly high house prices,the increasing probability that banks will continue to raise interest rates,and the slow increase in the income of young people have left many millennials(millennials,18-34)unable to do so.
Millennials have no choice but to”gnaw on the elderly”when buying a house:35%of respondents said they had to”gnaw on the elderly”in order to afford a down payment,the highest proportion of all ages in Canada.According to the survey,only 11%of Canadian 25-to 29-year-olds lived with their parents in 1981,up from 25%in 2011,while 59%of 20-to 24-year-olds lived with their parents.
Rising house prices and living prices,employment and income instability make it impossible for young people to afford to live independently.Poor job prospects force many young Canadians with only a high school diploma to return to campus for higher education or take craft courses so that they can have a better way out.This long adult education usually lasts until their thirtieth birthday.It is very difficult to live independently by paying taxes on ordinary work income.It is very difficult to save a down payment of NT$800,000.Only by living in parents’homes and reducing the fixed expenses of housing,which accounts for the largest part of food,clothing,housing and transportation,can you buy your own property.
In recent years,Dawen has been the representative of high house prices in Canada and around the world.it is a fact that housing is expensive.If you live in a property in the most expensive city in the world,you can imagine its anxiety if the house is not yours.Another study by real estate website Point2 Homes found that Vancouver is too expensive to have friends in unaffordable cities in North America,surpassing cities such as New York and San Francisco in the United States.The average household income in Vancouver is$80,000,while the median house price is$1.4 million,more than 17 times that of the former.
In the 1960s and 1970s,Western society was proud of the”economic,action and personality independence”of young people.Returning cats to their parents in adulthood is a symbol of”lack of independence”and will be ridiculed by society.With the rise of house prices,the phenomenon of gnawing on old age has spread all over the world.
In Australia,due to rising house prices,young people are finding it increasingly difficult to afford to buy a house.According to the latest statistics,the proportion of young Australians who borrow money from their parents to pay the down payment is now as high as 54%,with an average of A$85380,which is A$5000 higher than the average Australian salary of A$80196.
A major feature of American culture is that young people are very independent.Most people live apart from their parents as soon as they graduate from high school and go to college or go out to work.In the future,very few people will go back to their parents and live under the same roof with their parents.But since the 2008 financial crisis,the phenomenon of young people living with their parents has increased.According to an analysis by the Pew Research Center,32.1 per cent of 18-to 34-year-olds lived with their parents in 2014,slightly higher than the 31.6 per cent living with a spouse or partner for the first time in 130 years,that is,nearly 1/3 of young people now choose to live with their parents.It shows that the number of millennials in the United States is increasing,and it also shows the great influence of economic changes on the social structure and cultural concepts of the United States.
According to the statistics of a French private education foundation,there are 1.3 million young people over the age of 25 in France who still live with their parents.According to the latest figures from Eurostat,36.5 per cent of French people between the ages of 18 and 34 live with their parents,while at least 45 per cent of Belgians of the same age live under the same roof as their parents,with 49.8 per cent of men and 40 per cent of women.
According to a report released by a British insurance company,about 2.8 million young people in the UK lived with their parents in 2015,and if house prices continue to rise,that number will increase by another 1 million over the next decade.Figures show that the average house price in the UK rose 52 per cent from 2005 to 2015,while the number of young people aged 21 to 34 living with their parents also increased by 32 per cent over the same period,accounting for 23 per cent of the total number of people in this age group.However,the average wage of the British people increased by only 14%during this period.The ability to pay for a house is an important reason for people to decide whether to live with their parents or move back home,the report said.