The Unassuming Economist

“The global recession and regulatory tightening have helped deflate the housing prices with the losses falling disproportionately on the younger generations. House prices have declined by 27 percent in real terms since their peak in late 2008. The deflation of Dutch housing prices has caused massive losses of wealth which are unevenly distributed across generations. Younger house buyers are burdened by the lion’s share of losses in housing wealth. In addition to greater housing losses, younger households have not have sufficient time to accumulate pension claims and other (financial) assets households under the age of 35 have negligible levels of net worth,” according to a new IMF report on Netherlands.