[contingencies]

Because of this, our generation is stuck on the wrong side of the supply/demand bit for property.

Speak for yourself. I've tried living in high demand cities the world over and frankly I find the supposed interesting bits are better and more valuable when visiting than living there (food, art and culture, typically). After having great jobs on a few continents I have returned to live in a second tier city in China, and 15 years after my first visit it's still awesome! (Startup costs: ~$0. Food: Great. People: Interesting. Supply-chain: Taobao) Sure, it has its limitations, but we are less than a half-day flight from heaps of interesting countries (half of Asia) and can get to Paris direct in 10 hours. The biggest issue is education for children, but even in the west this is an issue and I believe there will be novel solutions to this problem emerging in the next five years.