Also rates of home ownership and real wages are plummeting. Where the younger generations are left holding the bag. Home ownership was the last line of defense for capital in the west, tying your greatest debt to market prices and turning everyone into market speculators if they hoped to survive old age.

Then 2008 happened and continues to happen at increasing rates. Those who got in are making money speculating, and this who didn't have the capital, the young and poor, are left paying exorbitant rents to maintain the ruse.