This is going to happen in a lot of places over the next 30 years. Italy and South Korea are also in big trouble. Unless we really ramp up immigration in the US, it's going to happen here too.
On the plus side, everyone complaining about not being able to afford a house now… just wait 30 years. They'll be giving them out for free all over the place. The prices of real estate outside of major metropolitan areas will fall to zero.
On the plus side, everyone complaining about not being able to afford a house now… just wait 30 years. They'll be giving them out for free all over the place. The prices of real estate outside of major metropolitan areas will fall to zero.