Or if you don’t have parents, or can’t move back with them for whatever reason, you just suck it up and remain in the rent poverty trap forever, unable to save up for a downpayment quickly, while house prices get higher faster than you can save otherwise.
I’m not even in a population centre, I work remotely and live in a tiny town rent a shitty mouldy damp basement, but even rent alone for this place alone is higher than what median monthly take-home is for almost half of the population. My neighbours upstairs, who have a hole in their ceiling, pay for an apartment not much bigger than mine as a houseshare of 5-6 people, they’re packed in there like sardines.
Or if you don’t have parents, or can’t move back with them for whatever reason, you just suck it up and remain in the rent poverty trap forever, unable to save up for a downpayment quickly, while house prices get higher faster than you can save otherwise.
I’m not even in a population centre, I work remotely and live in a tiny town rent a shitty mouldy damp basement, but even rent alone for this place alone is higher than what median monthly take-home is for almost half of the population. My neighbours upstairs, who have a hole in their ceiling, pay for an apartment not much bigger than mine as a houseshare of 5-6 people, they’re packed in there like sardines.