Mark Twain once offered this piece of investment advice, “Buy land, they don’t make it anymore”, but owning land is not only an economic goal, it remains a dream for most who see it as part of becoming an adult.
But it is not that simple, not that it ever was, but there are factors now that make owning a home more difficult despite most other parts of our lives getting easier.
The principal issue is not that we are going to run out of land as Twain might suggest, but rather that the demand to occupy the same piece of it is increasing.
Living in the heart of a city for those who also work there makes sense, but for young workers that would make the most of living in the city, they are the least likely to be able to afford it.
Audio credit: Tiny House Movement | Andrew Morrison | TEDx
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