How easy money killed the great housing dream
The high cost of homes and apartments around the world, particularly in cities like Bengaluru, is leading to a trend of youth staying with their parents for longer. This is due to housing prices increasing at a faster pace than incomes, and the fact that many young people simply cannot afford to buy their own homes. The recent rise in home prices in Bengaluru is partly due to the influx of money from big venture capitalists that invested heavily in startups and unicorns based in the city.
source https://www.livemint.com/news/india/mumbais-housing-crisis-exploring-the-second-order-effects-of-high-prices-and-desperate-measures-11686506583862.html
source https://www.livemint.com/news/india/mumbais-housing-crisis-exploring-the-second-order-effects-of-high-prices-and-desperate-measures-11686506583862.html
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