Re: Housing is no longer a goal for the next generation

Quote from: uchegod-21 on July 28, 2025, 07:38:05 PM

Quote from: Macro Exchange on July 16, 2025, 02:11:33 PM

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.

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.

Is this the beginning of a structural economic change - or just another bubble waiting to pop? Huh

You can't say same applies to all young people all over the world. Different countries with their different backgrounds and economic status of their young people. In my country, houses are equally expensive but most young people would rather splash money on cars that build a house. Although building a house does not seem like a priority to them, the major reason is not because they cannot afford to get themselves a house. Most young people just prefer to live in locations where they can connect with like minds and business partners.

You absolutely right - priorities vary a lot depending on the country, culture, and personal goals. But in many more developed countries, there's growing awareness among young people that homeownership has become far less attainable than it was for previous generations. While their parents may have been able to buy a house with an average job and reasonable savings, today’s market is often out of reach due to soaring prices, stagnant wages, and high living costs. Of course, this doesn’t apply everywhere, but in many places, it's not just a matter of preference - it’s a reflection of economic reality.