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I'm a millennial as well, and together with student debt, exorbitant housing prices prevent me from owning a house :( As much as I would like to see the housing prices go down, I am afraid of how it will affect the economy as a whole, specifically in terms of jobs and commodity prices.

How's the Hong Kong market right now?

Hong Kong is so small and crowded and still many people rushing to buy a flat. Tens of thousands Hong Kong Dollar per square feet.

People there must be earning millions per annum.

WOW that's very expensive! And here I am thinking Toronto has the most expensive housing market...