Housing

"The Epicenter of generational wealth inequality..."

Housing costs represent the largest expense for those who rent, and a home represents the largest asset for those who own one. Home ownership has been always a factor of social differentiation but also a major pillar of GDP growth.

Also thanks to over a decade of loose monetary policies, real estate has become a main contributor to wealth inequality within the society. Moreover the wealth inequality is generational in nature with the baby boomers accumulating wealth and income (rental and pensions).

Home affordability is a critical driver for the future of the young generation as it defines the foundation on which the demographics and the economics of a country can prosper.

In this section, we explore the various dimensions that Housing embeds and we attempt to anticipate its evolution.

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