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So things will just go back to normal and the "most people own their own house and spends decades living alone as a couple in it" thing will be seen as a North American trend that lasted for about 100 years until people realized it didn't make sense.
You just need to have seen what long term/end of life care looks like to realize that we can't keep that trend going.
It's absolutely amazing how pretty much my entire adult life after highschool as an older millennial has been "Fuck you, the good times are over. Deal with it."
Over and over and over and over and over... It's always a new "fuck you."
Look at boomers entering long term care, I think they hadn't realized the long term consequences of splitting up families like has become the norm... Or just loneliness increasingly becoming an issue for everyone...
I literally just came back from spending the weekend with my grandmother because of that. She's going nuts being all alone :(
The only reason it's failing is pure fucking greed, and treating housing as an investment instead of a basic human need. There is no valid reason houses should cost as much as they do.
It's still not realistic to have everyone on earth living in a single family house though including social reasons...
Who said it had to be single family homes? People still deserve space to themselves and the ability to maintain physical boundaries, be it an apartment, townhouse, condo, or full-blown house. Houses are particularly inflated well beyond reason. Personally, the idea of long-term home ownership does not appeal at this stage of my life, and I would prefer to be able to travel more (not that I can realistically afford to tbh) and have more flexibility in my living arrangements.
Likely, by the time I will feel ready to settle down, I fully expect home ownership to have inflated exponentially from today's prices.
Edit: a word.
More like 75 years. It’s collapsed already and the baby boom was an early 50s/late 40s thing.