Edited to add more detail:
What are some everyday challenges that residents of Taipei encounter, such as coping with the high cost of housing, managing work-life balance in a fast-paced environment, navigating the complex public transportation system, or dealing with air quality issues?
How do locals adapt to and creatively address these challenges in their daily lives?
Additionally, how do these challenges compare to those faced by people in other major Asian cities?
Could you be more specific? This topic looks vast.
Guy
Taiwanese have zero sense of direction.
I’ll randomly ask the missus where’s north or east, and 9 out of 10 she’ll guess wrong.
I don’t understand the topic.
Are you asking about a challenge specific to Taiwan that I wasn’t aware of before I came here? And then how did I overcome it?
Too broad.
Capitalization of every word in a long long thread title. That’s super challenging.
I know all the stink hot spots on my commute to and from work, and I hold my breath until I’m passed them. Taking the train, the exhaust fan from the men’s bathroom blows directly at head height onto the passengers walking by, and so I hold my breath until I’m clear of the wreak. On the way home and while on the scooter, I pass by a stinky tofu shop. I hold my breath until I’m way passed that stink hole. There are more but you get the idea.
When I go right, they go right. I go left, they go left. Happens while walking and worse, when they’re on a bike. Like, this isn’t a game? I want to go to my destination in one piece? 
This is one thing I will never understand! I have the same problem, there are space for 10 people to pass, but no, the collision is unavoidable.
The way how I cope with it is simple: Nowadays I take the initiative, if the person is in the another side of the road, I get out of my way, I cross the road just to bump on them 
Be a pedestrian
For much of the 2010s, housing prices rose very slowly, and most young people didn’t really buy houses and opted to rent.
When the pandemic and the housing rush hit in 2020 and 2021, these people were in their 30s and if they had a well paying job, they have saved up enough to buy a house, even without the support from their elders despite the housing prices was going up.
New grad school graduates, like those who graduated after 2017, had a much tougher time. Everyone is telling them to buy real estate before it goes any higher, but they just don’t have the down payment in their bank accounts yet. These people were force to make a decision to buy a house before they even considered to get married.
At the same time, those “investors” that made a killing by buying a bunch of properties before the pandemic were “sharing” their insider knowledge, and encouraging young people to take out loans to pay for their down payment and mortgages.
A lot of new graduates at the time took those advice and then the government started implementing measures to prevent people from doing so, with good reason of course. Fast forward to 2024, there are a bunch of people who are not even in their 30s, who bought pre-sale properties within the last 3 years, about to start paying for their just completed house, and realizing they won’t be able to pay for it.
I understand why the government had to stop people taking out loans to pay for real estate investments. I understand why they then had to stop people from taking out loans and put it into the stock market and then pay for their property. But, if the government doesn’t do something to I guess bail them out, there are going to be even more angry young voters.
Yes the very low mortgage rate and increasing and high property prices with a decreasing rapidly aging population is unique in Asia excepting perhaps Korea.
Does this count as an everyday challenge ?
Never ask anyone for directions here. They wouldn’t know where Taipei 101 is even if they lived near xinyi anhe mrt station.
The summer is a major challenge here that makes everything hard. I’ll take freezing weather over this any day.
Who is asking for directions?
I’m still not sure if we are talking about Taipei or Taiwan.
Live with parents.
Slam energy drinks, sleep in cubicle.
Use phone app.
Ignore them, wear mask.
Work life balance? What’s that? You don’t go home before the boss does.
Looks like a challenge.
For those stuck in the dilemma it is. The OP was asking how people coup with high housing prices, taking out loans (not housing loans) was how young people couped for the past 5 years. Now some of them have to find a way to coup with how they used to coup.
