Will they ever be able to afford a house?

[slapper]

Great table and comparison but Gen X and Gen Z have different opportunities, duties during same age. Whole life is different, much complicated. We have so many thing we want right now, that they distract greatly from buying that house. For example if we give up on latest mobile phone, TV, smart watch, tablet, notebook, car (at least first payment), all those unnecessary expenses (like daily coffee at Starbucks. Seriously, why pay $10 for a coffee, when it cost $1 to make same at home), we would save on first house payment easily. Instead, economy produce more and more (because there is a demand), people buy more and more, postponing major life purchase till end of the life.

this one is a concern but we should all know that if we truly want something like house we would refrain from wasting money. the thing is that some of the new generation these days can't just hold on buying some fancy thing, talking frankly quite literally every youngsters these days buys nike jordan or something thats just expensive don't know whether its worth it or not if compared with cheaper option out there.
i've personally got some friend that still live in rent but hoard those sneakers and own about 20 of them and they are all big brand like nike adidas and so on with really high price tag.
make me wonder whether some people are just not cut it to buy house these days.
even though its true that we got much more distraction these days due to so many thing like latest flagship phone and so on, but i think we also should realize that its just some optional thing, to be fair, old phone are still functional as new these days, like old iphone 11 if compared with newest iphone 15 its just as functional, maybe some small gap in performance but the price is already half if not a third of what the newest phone costs.

Those pricey footwear seem fantastic, but do they provide shelter? Nope! Short-term desires override long-term needs. Don't even mention brand addiction. Nike and Adidas are great names, yet they're only shoes. A house, though, is an investment

iPhone 11 vs. iPhone 15; They both talk, text, and shoot pictures. Why is the current model so important? Same story - sacrificing financial ambitions for temporary pleasures. We need to think smarter about our future, not just our wallets. A wise guy observed, "It's not about how much you earn, but how much you keep." Don't overlook financial stability in the quest to buy the latest and greatest

[poodle63]

Those pricey footwear seem fantastic, but do they provide shelter? Nope! Short-term desires override long-term needs. Don't even mention brand addiction. Nike and Adidas are great names, yet they're only shoes. A house, though, is an investment

iPhone 11 vs. iPhone 15; They both talk, text, and shoot pictures. Why is the current model so important? Same story - sacrificing financial ambitions for temporary pleasures. We need to think smarter about our future, not just our wallets. A wise guy observed, "It's not about how much you earn, but how much you keep." Don't overlook financial stability in the quest to buy the latest and greatest

these are definitely the thing that might cause some of the newer generation to be entangled in some debt with this unhealthy lifestyle of being overly consumptive will definitely hurt in the long run if not in the short term, I mean some people might consider these as "investment" for the sake of improving quality of life just because they wear some big brand they would have some position in the society, but then again thing like these come with costs and yes like as you said, these things are definitely
not gonna help in fulfilling our basic needs, we can be owning a thousand of these shoes and we still can be lacking in the basic need if we don't properly manage the money that we earned.
functional over aesthethic in my opinion is important in this regard to there's nothing wrong to be aesthethic as long as it doesn't drain our wallet of money because after all with these big brand, they could be selling some random thing and it will be overpriced so definitely don't get too attached with these big brand if we want to establish our economy for the better.

[WhyFhy]

Do any of y'all work alongside any Gen Zers?

If you do the answer is simple and writings on the wall.

No majority won't be able to afford a house based on work ethic alone.

I don't know if it was COVID or what but something ain't clicking there with these gen Z people.

They will be the first generation to embrace have nothing and be happy.

Materialistic items like phones and shoes are about as good as it's gonna get for for 90% of em.

They got to make $120k+ a year to even play the game.

[Davian144]

management targets with rules that we consistently hope will all find bright spots that will happen to us, character growth, only we can choose positive patterns of our thinking power if we want to live a better life. I don't do it carelessly, I always have a target that I want so that life has more meaning. management is the main key

If you say that management is the main key to making life more meaningful, I think that is still quite general because management still has to be placed in several important aspects of our personal lives. Close examples include time management, financial management, and also management in learning everything we need in life because some of the management that I said can also be used as an important key in living a better and more organized life.

Everyone can work well in a more consistent way when they are able to maintain their time and make better time management each month. Because every time spent working to make life more meaningful must be considered as basic capital which is very valuable, so there is a need for time management so that each of us does not waste time carelessly every day.

[batang_bitcoin]

Do any of y'all work alongside any Gen Zers?

If you do the answer is simple and writings on the wall.

No majority won't be able to afford a house based on work ethic alone.

I don't know if it was COVID or what but something ain't clicking there with these gen Z people.

They will be the first generation to embrace have nothing and be happy.

Materialistic items like phones and shoes are about as good as it's gonna get for for 90% of em.

They got to make $120k+ a year to even play the game.

I agree, it's different on their era that they're not so thoughtful about achieving their dream houses. They've got a more and different approach on how they'll have their own happiness and goals on this time. While the housing have been rising the cost of it, they're just reverting their goal to other material things that they might find their own happiness. And speaking of them working, their work ethics is. It has become a hot topic recently.

[Mame89]

Do any of y'all work alongside any Gen Zers?

If you do the answer is simple and writings on the wall.

No majority won't be able to afford a house based on work ethic alone.

I don't know if it was COVID or what but something ain't clicking there with these gen Z people.

They will be the first generation to embrace have nothing and be happy.

Materialistic items like phones and shoes are about as good as it's gonna get for for 90% of em.

They got to make $120k+ a year to even play the game.

I agree, it's different on their era that they're not so thoughtful about achieving their dream houses. They've got a more and different approach on how they'll have their own happiness and goals on this time. While the housing have been rising the cost of it, they're just reverting their goal to other material things that they might find their own happiness. And speaking of them working, their work ethics is. It has become a hot topic recently.

In my opinion, Generation Z doesn't want to be complicated and uses any method of working that has instant results, for example buying luxury goods without thinking about the financial future. Even though many generation Z have large incomes, they don't care about investment, and sometimes even forget to have a house to live in later. From the experience I've seen, now I see that Gen Z is almost the same. Many teenagers and children of generation Z are preoccupied with popularity on social media such as TikTok, and social groups that fit identity criteria.

Honestly, they have to learn a minimalist lifestyle. Starting from self-control to spending. Buying something that doesn't really matter if you don't buy it. Every time they want to buy something that is not an emergency (sample, bag, shoes, etc.), they have to think twice about whether they really need to buy that item, whether there is something more important than that that they should buy. , for example their dream home. They have to be able to postpone something they don't need at that time, because the house always goes up every year.

[Mauser]

Let's study the case of an average representative Gen Z and X. What is important or missing in the description (linked below)? What would you advise?

I think in the worst case scenario where you don't have rich parents, or at least a house or apartment already in your family, it's going to be impossible to own one day a house. On top of that you already have student debt that are going to have to pay back in the next 10 years. Then you get married and have kids, costing a lot of money as well. There won't just be enough money to pay off a house. This is assuming both spouses are working in a normal job. The only real option I see in current times to become independent with your own property, is if both spouses have a really well playing job and delay having kids into their late 30s. Financing is not cheap anymore, buying a property now either requires a lot of equity or a long period of time to repay the loan. One more option would be to work together with your parents or grand parents. Among my friends where there is already a house in the family, the strategy is to make the house bigger. Adding another floor on top of the house is much cheaper than building a new one and then the parents can live together with their kids and grandkids in separate flats.

[pusaka]

Do any of y'all work alongside any Gen Zers?

If you do the answer is simple and writings on the wall.

No majority won't be able to afford a house based on work ethic alone.

I don't know if it was COVID or what but something ain't clicking there with these gen Z people.

They will be the first generation to embrace have nothing and be happy.

Materialistic items like phones and shoes are about as good as it's gonna get for for 90% of em.

They got to make $120k+ a year to even play the game.

I agree, it's different on their era that they're not so thoughtful about achieving their dream houses. They've got a more and different approach on how they'll have their own happiness and goals on this time. While the housing have been rising the cost of it, they're just reverting their goal to other material things that they might find their own happiness. And speaking of them working, their work ethics is. It has become a hot topic recently.

Today's children or what we call gen Z have a different way of living life, I agree with that. I see that most of them are concerned with their happiness for now and they prefer to buy something that they can show off to their friends when hanging out. Seeing the way they dress, seeing what they use is different from most generations before them. Actually I don't have a problem with that, because it is their full right we have no right to support or prohibit. But I hope they don't forget something that they shouldn't forget for the future. Because I don't know what they are doing behind their luxurious lives, they could be doing more than what we are doing.

[Assface16678]

Do any of y'all work alongside any Gen Zers?

If you do the answer is simple and writings on the wall.

No majority won't be able to afford a house based on work ethic alone.

I don't know if it was COVID or what but something ain't clicking there with these gen Z people.

They will be the first generation to embrace have nothing and be happy.

Materialistic items like phones and shoes are about as good as it's gonna get for for 90% of em.

They got to make $120k+ a year to even play the game.

I agree, it's different on their era that they're not so thoughtful about achieving their dream houses. They've got a more and different approach on how they'll have their own happiness and goals on this time. While the housing have been rising the cost of it, they're just reverting their goal to other material things that they might find their own happiness. And speaking of them working, their work ethics is. It has become a hot topic recently.

The thing is, in this era, younger people or people of this age don't know the importance of securing their future. What I mean is, like houses, cars, or anything else that they could use for their future, and most importantly, financial. Nowadays, teenagers want to have luxurious smartphones or material things that are in demand; in short, they prioritise having those things that are trending so that they are not left out by the crowd.

They don't know the importance of securing their futures, as people are becoming more and more hype chasers or trend chasers. I know buying a house would be a challenge, but it's better to start building that dream than spend money on things that are not so useful or too expensive based on their functionality. For example, if you are practical, you will see that every iPhone has only a slight difference, and you are only buying the brand, not the new features of the phone.

[Xcode7]

The thing is, in this era, younger people or people of this age don't know the importance of securing their future. What I mean is, like houses, cars, or anything else that they could use for their future, and most importantly, financial. Nowadays, teenagers want to have luxurious smartphones or material things that are in demand; in short, they prioritise having those things that are trending so that they are not left out by the crowd.

They don't know the importance of securing their futures, as people are becoming more and more hype chasers or trend chasers. I know buying a house would be a challenge, but it's better to start building that dream than spend money on things that are not so useful or too expensive based on their functionality. For example, if you are practical, you will see that every iPhone has only a slight difference, and you are only buying the brand, not the new features of the phone.

In many cases, this is what it seems to the younger generation, they tend to spend their salaries following current trends, so there is very little chance of them being able to save their money or invest.
So if they predict into the future, it is almost certain that they will not be able to buy a house in the future if their mindset cannot be changed to be more advanced and think about the future without having to prioritize the trends that must be followed at this time.

But on the other hand, I also think that earning big money is a logical thing for the younger generation now, like investing in Crypto or other things, something that didn't exist in past generations.
So there are indeed differences in times and eras so we cannot claim or equate the previous generation and the current generation.

[Kriptogram14]

Well i’d say this pretty much sums up the average gen z and x person but this is in typical fashion of course not all people are gonna live their life like this due to many factors in life such as the state of their life even before they enter the work age

Of course, if they are diligent and work hard to organize a brighter future, they will definitely be enthusiastic about saving to buy a comfortable and peaceful residence, because when they have a house, the most important thing is comfort, so that their mind is calm and enthusiastic to strive for more. be active again, if they are really serious about saving, they will definitely be able to buy a house for themselves and their family to live in. Every person's work must have a benchmark, by saving on personal needs to save so that they can buy a house for their future residence. come.

[Vinaa77]

Well i’d say this pretty much sums up the average gen z and x person but this is in typical fashion of course not all people are gonna live their life like this due to many factors in life such as the state of their life even before they enter the work age

Of course, if they are diligent and work hard to organize a brighter future, they will definitely be enthusiastic about saving to buy a comfortable and peaceful residence, because when they have a house, the most important thing is comfort, so that their mind is calm and enthusiastic to strive for more. be active again, if they are really serious about saving, they will definitely be able to buy a house for themselves and their family to live in. Every person's work must have a benchmark, by saving on personal needs to save so that they can buy a house for their future residence. come.

Those who are diligent and work hard should be able to achieve what they want. Everyone will certainly think about how to have a place to live that is suitable for them to live in and is comfortable for themselves, because if they live in an environment that is comfortable for them then this will provides comfort to be able to rest after a day's work, because if we live in an uncomfortable environment we live in, of course we will find it very difficult to rest because the environment we live in is uncomfortable and it is very uncomfortable to rest.

[arimamib]

Well i’d say this pretty much sums up the average gen z and x person but this is in typical fashion of course not all people are gonna live their life like this due to many factors in life such as the state of their life even before they enter the work age

Of course, if they are diligent and work hard to organize a brighter future, they will definitely be enthusiastic about saving to buy a comfortable and peaceful residence, because when they have a house, the most important thing is comfort, so that their mind is calm and enthusiastic to strive for more. be active again, if they are really serious about saving, they will definitely be able to buy a house for themselves and their family to live in. Every person's work must have a benchmark, by saving on personal needs to save so that they can buy a house for their future residence. come.

Those who are diligent and work hard should be able to achieve what they want. Everyone will certainly think about how to have a place to live that is suitable for them to live in and is comfortable for themselves, because if they live in an environment that is comfortable for them then this will provides comfort to be able to rest after a day's work, because if we live in an uncomfortable environment we live in, of course we will find it very difficult to rest because the environment we live in is uncomfortable and it is very uncomfortable to rest.

A conducive living space is not just a physical necessity but also contributes significantly to one's overall well-being. A comfortable and suitable living space provides a sanctuary for rest after a day's hard work. There is connection between the effort we put into our work and the quality of life we can create for ourselves. A comfortable home becomes a haven where individuals can recharge, relax, and find solace.

The pursuit of personal goals, including securing a suitable living space, is often intertwined with the diligence and hard work individuals invest in their endeavors. It reflects a fundamental human desire for a balance between effort, achievement, and the quality of life we cultivate for ourselves. This is a fulfilling life that everyone's dreaming of.