[randsp]

Sometimes I think we are heading towards a similar situation here in Spain but for millennials. House built per year are at its lowest point and most of the houses are owned by baby boomers. If you want to buy a house you are competing against not only regular buyers but also real estate investment companies which are almost impossible to compete with, only way is to get mortgages for more years than you will be able to work, so people without good retirement plans will not be able to pay such mortgages