Housing prices keep rising, but wages haven’t kept up. For many young people, owning a home is no longer a realistic goal - it’s becoming a luxury.
What used to be a natural part of adult life has turned into a debt trap or simply a fantasy. More and more young people are realizing that buying property under current conditions makes little financial sense.
Everything is now expensive hence owning a home isn't something that everybody can now do. For those that can't afford it, it isn't worth it hence we shouldn't be feeling less important of ourselves if we can't afford a home. We can always rent and live comfortably. Owing a home can be a liability to you because you get to spend money keeping the house in order and running. The next generation don't have the patience of those in the past generation hence keeping a family together is going to become a major problem for the next generation. With the high rate of divorce, owning a home as a family isn't making sense anymore because after the separation, the house can't be divided among the once spouse, only one gets to keep it.