I really hate to say it... the central banks with their null interest rate policy (NIRP) makes the live really unbearable and devalues labor. The young generation which does not inherit houses and so on, have a tough live.

You need a place to sleep and live. With NIRP all the investable capital flows into real estate. So in the end the millenial generation has no way to save for a house or even rent a house as rents go up in tandem...

If the young generation would learn that in school they would hit the streets... if they also learned that the consequence would be living for ether in their parents' basement or both partners having to work all day long and even then not being able to have an own family with children, as those are too expensive as well... You cannot live in a 500 square-feet home with 5 persons. No girl would want to be a mother in that situation.

What do you get out of this? Japan!

Have you ever seen those zombies working until they are 95 years old there? They have to work, as their retirement is only 500 bucks a month... Imagine living with this kind of money in Tokyo... that is really shitty and I do not know how they do it. This is shear and utter horror. No family and working until you drop dead in the streets...
They have been living the horrors of NIRP for 22 years now... it is shocking!

What should a young person do in my eyes?

Look for a place with high interest... there are not many countries out there who have it. But if they have for example a 15% interest rate, a home is being paid off after about 10-15 years work.
If the interest goes low and in the western world dramatically up, you can switch back to the western world. Sell your home in a low interest environment and go to a place with high interest.

The same counts if you are able to work remotely. Live somewhere where the interest rate is high. It will benefit you if you want to buy a home.

What do you think?

Disclaimer: No investment advice, just my opinion.