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Chak
@Oliver Schick
This article contains a good dose of all the stupidity in the world:
https://www.standard.co.uk/news/london/estate-agent-says-londons-millennials-should-stop-buying-sandwiches-holidays-and-nights-out-in-order-a3690481.html
It is precisely the whole problem with high house prices and rents that people have to use a ridiculously high proportion of their income to afford them. All of that money only goes into one industry and the only effect is to concentrate wealth further, which is very bad for the economy. Claiming that 'small lifestyle changes' are all that's needed (a) puts the onus on the victims of this economic tendency, not proposing to make any changes on the market side, and (b) seeks to maintain an over-inflated bubble that would have collapsed long ago had rates risen.