It will change when people want it to change, just like workers' rights did over the last century.
If you don't want to pay a million quid for a house in London, refuse the game. Move elsewhere. Find a different way to get by in life, perhaps even a different country.
People won't do that, though. It's more likely, IMO, that the entire world becomes more feudalist again until there are few escape hatches.
But it'll ultimately be because people keep buying in. As long as people, en masse, continue to max bid housing (whether for rent or to buy) this situation will continue.
> If you don't want to pay a million quid for a house in London, refuse the game. Move elsewhere. Find a different way to get by in life, perhaps even a different country.
People did exactly what you suggest. And the country they moved to was England, and the city, London, which now has 38% non-UK born residents:
Yep. I live there and it's great. Love the transport links.
If I were mentally handicapped and stuck working in a supermarket earning a tenner an hour I'd have long since flipped the table, though - playing when the deck is stacked against you makes no sense.
In the 1960s we had a system that allowed the majority to live in reasonable conditions. Nowadays it's get rich or die trying and no-one seems to really see a problem with this.
Workers' rights and housing are very different. It's a lot easier to move jobs than to move house. It's also a lot easier to create jobs than to create housing.
Workers rights were not generally gained by moving jobs, it was unionization and protest.
Moving house doesn't change the market unless everyone else does it, and even then, the major benefit would come from something like large numbers of people agreeing not to max bid (i'm not suggesting that such a thing would be realistic, but it's an example of unionization)
If you don't want to pay a million quid for a house in London, refuse the game. Move elsewhere. Find a different way to get by in life, perhaps even a different country.
People won't do that, though. It's more likely, IMO, that the entire world becomes more feudalist again until there are few escape hatches.
But it'll ultimately be because people keep buying in. As long as people, en masse, continue to max bid housing (whether for rent or to buy) this situation will continue.