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Such a paradox isnt it. We have declining birth rates in the west, yet somehow we have a housing shortage. Its like they deliberately drove down building to drive up prices.
We might have declining birthrates, but we also have substantially different living arrangements. 100 years ago, millions of 70 year olds living alone in a one family house would not be a thing. And part of the reason for the birthrate decline is that younger people are single for longer periods of time, which means they aren't living with a partner - most single adults will live in one person households if they can.