All of them? You see sub-replacement birthrates in basically every halfway wealthy nation, there's almost no exceptions.
I'd argue that the primary cause is that children no longer provide direct value to the family they're raised in; their roles as supplemental labor during adolescence and as "pension plan" have been devalued/taken over by institutions, while the costs for raising them have only increased.
>All of them? You see sub-replacement birthrates in basically every halfway wealthy nation, there's almost no exceptions
Every halfway wealthy nation doesn't have affordable housing as GGP was talking about.
Australia is below the OECD median affordability[1] and the birth rate is 1.48. France is more affordable still and has WAY more services and the birthrate is barely better at 1.56. There's no correlation between housing affordability and birthrates.
[1]https://www.oecd.org/en/data/datasets/oecd-affordable-housin...