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Comment by miohtama | Hacker News Reader

Career and grinding is not a goal, but is needed to afford an house and money to help your parents.

Apartment prices relative to income have gone greatly up. Thus, more grinding needed and some low wage occupations are priced out from the market altogether.

The question is why apartment prices keep going up and can we stop it.

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Meet the housing theory of everything:

https://worksinprogress.co/issue/the-housing-theory-of-every...

I think this understates the argument. I’ve been saying for a while that housing prices are the economic problem in much of the developed world. The. Singular. Most other things are in at least okay shape. Tuition and health care are nutty but they are less unavoidable than housing.

>Career and grinding is not a goal, but is needed to afford an house and money to help your parents.

It is for me. I have way more than I need to survive or help the people I love. But I want to progress my career and personal brand. I assume that's also true for many tech-millionaires who attends this site.

Yes, the goal is for me. But most people are usually family-oriented, and have been in the past.

Human breeding impulses are infinite but there is only so much space. That is why prices keep going up. The earth is getting full.

Apartment rental prices have dropped for the last three months in a row in Canada.

Why?

Not OP but in a nutshell, everybody who could bought an condo downtown (Toronto + Vancouver especially but this is broadly true of the country) with a home equity loan from their main property as an investment, and the loan math only works if all properties are increasing in value and the interest rate stays very close to zero. Neither are true and unless something happens Canada could have our very own 2008 financial crisis. No biggie.

Sounds great for everyone who doesn't own.

I've read that it's only a specific time of apartment, one that's not conducive to raising families.

Just like the US, 3+ bedroom apartments are very uncommon in Canada. So their prices aren't going to have much impact on the average.

But there are lots of people with one or two kids in a 2br.

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