For years, millennials have been criticized for their apparent inability to afford homeownership, with many attributing their struggles to frivolous spending habits and a lack of financial responsibility. However, it seems that the tides are turning as more and more people are beginning to acknowledge the pervasive issue of crazy house prices. As a result, the once-dismissed complaints of millennials are now starting to resonate with a wider audience. In this article, we explore the factors driving the soaring cost of housing and the impact it has on society as a whole.
Many angry people turn to social media to express their frustrations about the rising housing prices that affect mostly millennials. In 2018, Dublin teachers Ciarán Mulqueen and Melissa struggled to find a house in Dublin 8 that fit their budget due to the strict bank lending rules and increasing prices. Mulqueen set up an Instagram account called @crazyhouseprices where he ranted about a 180cm-wide house for €265,000. The account quickly turned into a resource for home-seekers and garnered over 90,000 followers, leading to the publication of his book, How to Buy a Home in Ireland. Mulqueen suggests that people who don’t understand the current housing prices do not recognize how difficult it is for the current generation to buy a home. He believes that the problem is global but does not want people to use it as an excuse.
It’s time to acknowledge that the high cost of housing is not just a millennial problem. It’s a societal issue that affects us all. As we continue to struggle with skyrocketing house prices, it’s important to advocate for policies that address the root causes of this problem. From reforming our tax system to increasing funding for affordable housing, there are steps we can take to ensure that everyone has access to safe and affordable homes. It’s time to speak up and demand change. Because as we’ve learned, it’s not just millennials who are feeling the impact of crazy house prices – it’s a problem that affects us all.
Rephrased: The skyrocketing prices of houses: It seems millennials’ concerns are finally being acknowledged.
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