Back in the day, people used to buy houses to have a place of their own – to raise a family and be happy. But times have changed. People’s ideas of happiness have changed. We are now living in an era where having less things, and being able to travel brings more happiness.
Because in the 50’s, traveling was expensive. Now, it’s cheaper. You can easily travel to Italy, spend a couple of weeks there and then fly to Bali without burning a hole in your pocket.
That’s the reason why people prefer not to buy a house and to work remotely. That way, they can work while doing the things they love.
This was not possible in the 60’s or even in the 90’s.