There is no possibility for young individuals today to purchase homes. Unless they’re getting their money from alternate sources, they will be unable to afford it.
I have gathered references from different countries to show you it’s a global issue.
Household Debt Hits New Record High, Stocks Stumble
Household debt hits fresh record, with Canadians owing $2 trillion by the end of 2016 | Financial Post
Household debt to reach record high of £14,000 with economy entering 'danger zone', report reveals
Yorkshire Building Society launches record low 0.89% mortgage rate | Money | The Guardian
Rents hit all-time highs amid job growth and low vacancy rates – Orange County Register
Rents at record high as rental supply reaches all time low - InTallaght
Price to rent a Toronto apartment up by $300+ in last six months
Millennials may never get out their parents’ homes - The Boston Globe
Millennials Want to Buy Homes but Aren’t Saving for Down Payments - WSJ