People have been saying this for a long time in Canada, but there is no indication that things will change. People who waited and saved have simply seen that the price increases have far outpaced their saving rate.
When it's in a government's interests to keep prices rising, then they're going to do things that keep those prices rising.
Another outcome could simply be that actual ownership of a house in some areas becomes so expensive as to be the exclusive domain of the wealthy, and everyone else just rents. More middlemen raising the costs, more renting and less ownership per capita, as is the trend of more and more industries these days.
People have been saying this for a long time in Canada, but there is no indication that things will change. People who waited and saved have simply seen that the price increases have far outpaced their saving rate.
When it's in a government's interests to keep prices rising, then they're going to do things that keep those prices rising.
Another outcome could simply be that actual ownership of a house in some areas becomes so expensive as to be the exclusive domain of the wealthy, and everyone else just rents. More middlemen raising the costs, more renting and less ownership per capita, as is the trend of more and more industries these days.