I feel like we give too much importance to mortgages/financials, like a learned excuse. Let me tell why.
I’m from the Balkans, and for a time here when money was tight (breakup of Yugoslavia, but maybe even long before), a lot of families lived together in small apartments. For example, two families (grandpa+grandma & their son+wife+kids) in a 50m2 apartment. The big family took the son’s bedroom, grandparents slept in the living room. Sure, it’s not perfect, but people did it. Same story happened in villages, and even it was the standard for some time.
So, whenever I see this argument I say we’re too posh in thinking it. There are different less comfortable ways to start a family and have kids, we just don’t want to do it.
For reference, now in my country everywhere new apartments are built (overbuilding the main city in the process, but different topic), yet prices are still soaring especially relative to the average salary. So same issue of high prices like everywhere.
Yet no one here thinks about the other option. The same argument from the linked article applies - too much comfort.
It's not just a matter of comfort. If you have no housing, you have a monthly recurrent payment to make, where failing once makes you homeless.
Will you be able to afford it next year? Next decade? After retirement?
Removing that permanent threat of ruin is then the priority. It has to be solved before children because once you have them, that's a an extra economic burden and you won't make it out with that extra weight.
The generation that lived through that, the next generation does not wish to live through it, as alternatives are "available" now (at least on paper). Those kids who grew up in 50m2 with no privacy, and at the same time absorbed western TV, where 300m2 detached house is a base in every show - formed their dreams towards that. This is why everyone is delaying family, because the image in their head is that to be truly happy, this is what you need. Very few people, living in those tight conditions grew up to be happy about their childhood.
Is it hard to imagine that younger generation wants to live better lives? They don't want to suffer like their parents did. They are already fed up with all the bullshit that the current generation of politicians leaves to them to figure out?
What is this argument, "too much comfort, too posh"?!