Owning a home in Copenhagen is not a human right

Young adults in Copenhagen are increasingly viewing homeownership as a necessary step to achieving a stable adult life, fearing they will be left behind as property values rise. However, this perspective is challenged by Jens Uhrskov Hjarsbech, chief economist at Mybanker.

Hjarsbech argues that owning a home in Copenhagen is neither a human right nor an absolute necessity at any stage of life. He contends that perpetuating the idea that homeownership is the sole marker of establishment does a disservice to young people and the broader housing market.

While acknowledging that owning an apartment in Copenhagen is a valid path for some, Hjarsbech emphasizes that it is not the only or even the most suitable option for everyone. He points out that for many, it can be too expensive, too risky, or simply not required to live a fulfilling adult life.

The piece suggests a need to re-evaluate societal pressures and financial goals, encouraging a broader understanding of success beyond the confines of property ownership in a highly competitive urban market.