We're witnessing a shift: instead of saving for a home, people are turning to alternative assets, remote lifestyles, or simply accepting long-term renting.
Everything has become so expensive now that even saving money has become a luxury for some people. Prices of basic necessities keep increasing while salary stays the same or will only increase a little.
If you have a family, having your own house is just a dream when you retire. Life expectancy is also going lower and for someone that is not healthy already at their young age, they would prefer to just do long-term renting then enjoy the rest of their income while they're still alive.