Will they ever be able to afford a house?

[highalch]

Yea, the thing is if say you have 1 BTC and by the time it appreciates so much to worth a house, maybe you don't want that house anymore.

The opportunity cost is financial freedom for the rest of your life

[irsykes]

I believe that affording a house could always be "easy" depending on how you approach the subject. Many people think that buying a house that you can live in is the way that you should start, and that's absolutely not the way you should start.

Starting up with a real estate business means you should start where you can afford, it could literally be a land that you have absolutely no house on, just pure land, if that's what you can afford. From there, you just put a small tiny shitty prefabricated tiny house, and sell that, then buy another and do it again, if you keep doing this again, you could buy a bit of a bigger land and put a few in instead of one, and then you could get a terrible home at a bad to mid level place, and renovate it and sell it. Going this way consistently will get you a great house, if houses are expensive, be on the owner side, not the buyer side.

Starting with what one can afford (land or a modest property) is prudent. Sound investing requires gradual asset acquisition growth, which this technique emphasizes. We must also evaluate the financial ramifications of such investments. Is this method taking interest, property taxes, and maintenance into account? These are essential for real estate investing profitability.

While focusing on incremental growth, market research and location analysis are crucial. Even a poor home might appreciate immensely in the right location. Renovations and flips take time and effort. Financial competence, market knowledge, and patience are needed. With these in mind, real estate scaling can be profitable.

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

[AnonBitCoiner]

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

[bakasabo]

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.

[bitLeap]

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

In this day and age, everything is getting more and more complicated, especially if we don't have an awareness of the hall of things that are closely related to life. Management is one of the basics that we must have so that we are always on the right track when living life, because once we deviate in doing something that is out of the guidelines then we will find it easier to realize it and return to the right path.
I actually believe that everyone will definitely have a plan in their head, but the problem that happens is when executing the plan, sometimes we have moved before the plan is really well organized.

[Fortify]

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?

The gap has definitely widened, compared to what our parents and grandparents were able to purchase. It now costs many more multiples of salary to afford a home. Add to that there are lots of companies out there who are snapping up any properties they can with the idea that they can rent them out. High interest rates have actually caused a pause and slight reversal in this - forcing some landlords to sell up with interest rates so high that they had not factored in, plus an inability to raise rents in some circumstances. What we need is salaries to catch up a bit more and the gap to close, but home owners were always the more responsible parts of society. Anyone faces a lot of pain when saving for a deposit and some people are not willing to accept that reality.

[nara1892]

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

Exactly, and the point is that having management in any case, especially finances, is really recommended, this will really be useful for minimizing expenses that are not actually needed except for some unexpected events such as maybe needing costs for treatment due to illness, but I think this cannot be made a full excuse because people who really have good management, of course they have good planning also in terms of their finances such as preparing savings for emergency funds, having good management and planning on finances will certainly make it easier for someone to achieve balance in any case and one of them is in dividing the allocation of money to build or buy a house.

[Xampeuu]

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

In this day and age, everything is getting more and more complicated, especially if we don't have an awareness of the hall of things that are closely related to life. Management is one of the basics that we must have so that we are always on the right track when living life, because once we deviate in doing something that is out of the guidelines then we will find it easier to realize it and return to the right path.
I actually believe that everyone will definitely have a plan in their head, but the problem that happens is when executing the plan, sometimes we have moved before the plan is really well organized.

There are two things that can enable people to have the house they want, the first thing is to have a clear plan and be disciplined about that plan, remembering that of course there will be our desires which must be managed well, because the longer the price of building materials becomes more expensive, the more expensive we will be. You can pay in installments to buy building materials according to the savings you have accumulated, of course you must already have a calculation plan for the house you will build later. and secondly, from investment, such as cryptocurrency, we get a fortune in an instant so that the money is enough to build or buy a house

[Renampun]

...

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

Good management is needed for someone to be able to own a house, People who are successful in building a house never happen by chance, they use the best and wisest methods to be able to collect money little by little and finally succeed in building a house. Currently, there are many TikTok, YouTube, Instagram content creators who have successfully built their dream home and all of them are mostly young people under 30 years old, they must be able to take advantage of all the opportunities that exist and being a content creator is currently a promising profession.

[Lorence.xD]

...

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

Good management is needed for someone to be able to own a house, People who are successful in building a house never happen by chance, they use the best and wisest methods to be able to collect money little by little and finally succeed in building a house. Currently, there are many TikTok, YouTube, Instagram content creators who have successfully built their dream home and all of them are mostly young people under 30 years old, they must be able to take advantage of all the opportunities that exist and being a content creator is currently a promising profession.

Those youngsters are quite smart as they are taking advantage of the internet or social media for them to earn money. Plus they even hire someone to manage their stuff so when it comes to money, someone who's experienced can handle all of their finance, schedules, etc. That's what I observed from some content creators or streamers, they are most likely to succeed if they can manage their finances cause there are still cases of being famous but having no savings and investment cause for sure popularity would eventually fade in just time. This kind of profession is also hard as well especially if you started with zero followers so it wouldn't be surprising for them able to buy a house at a young age.

[bakasabo]

Good management is needed for someone to be able to own a house, People who are successful in building a house never happen by chance, they use the best and wisest methods to be able to collect money little by little and finally succeed in building a house. Currently, there are many TikTok, YouTube, Instagram content creators who have successfully built their dream home and all of them are mostly young people under 30 years old, they must be able to take advantage of all the opportunities that exist and being a content creator is currently a promising profession.

Good management is not enough to fulfil such an achievement as a house. A lot of young people right now dont have life goal at all, compared to people of older generation. If we ask a young man what he wants to do or achieve in his life, he would most likely answer that he does not know it. Younger generation lives more relaxed life. They have little to prove to society. I wont way that they are lazy, but they dont have long term plans. If we speak exactly about the house, then some people think that they would rent now, but with time, parents will leave them their house, so there is no use working hard and buying own.

[viananda2525]

Good management is needed for someone to be able to own a house, People who are successful in building a house never happen by chance, they use the best and wisest methods to be able to collect money little by little and finally succeed in building a house. Currently, there are many TikTok, YouTube, Instagram content creators who have successfully built their dream home and all of them are mostly young people under 30 years old, they must be able to take advantage of all the opportunities that exist and being a content creator is currently a promising profession.

Good management is not enough to fulfil such an achievement as a house. A lot of young people right now dont have life goal at all, compared to people of older generation. If we ask a young man what he wants to do or achieve in his life, he would most likely answer that he does not know it. Younger generation lives more relaxed life. They have little to prove to society. I wont way that they are lazy, but they dont have long term plans. If we speak exactly about the house, then some people think that they would rent now, but with time, parents will leave them their house, so there is no use working hard and buying own.

The development of the times is so fast and progress has now almost reached all corners of the world so that thought patterns and lifestyle changes have also changed. Generations Z and I see that some of this generation have also been able to achieve success by owning a house and a vehicle. They can do this because they have the will and determination to work and are able to take advantage of opportunities via the internet.

Then it's not just one field that they have to work in, the use of technology by doing traditional work also gives them the opportunity to achieve their life dreams. This means that life will not fail if they always instill the will to work in themselves without expecting an inheritance from their parents. In fact, I don't agree that young people can only relax because they see their parents have sufficient wealth, but a great young person is one who has the ideas and thoughts to continue working for his own future.

[irsykes]

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

In this day and age, everything is getting more and more complicated, especially if we don't have an awareness of the hall of things that are closely related to life. Management is one of the basics that we must have so that we are always on the right track when living life, because once we deviate in doing something that is out of the guidelines then we will find it easier to realize it and return to the right path.
I actually believe that everyone will definitely have a plan in their head, but the problem that happens is when executing the plan, sometimes we have moved before the plan is really well organized.

There are two things that can enable people to have the house they want, the first thing is to have a clear plan and be disciplined about that plan, remembering that of course there will be our desires which must be managed well, because the longer the price of building materials becomes more expensive, the more expensive we will be. You can pay in installments to buy building materials according to the savings you have accumulated, of course you must already have a calculation plan for the house you will build later. and secondly, from investment, such as cryptocurrency, we get a fortune in an instant so that the money is enough to build or buy a house

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

[bakasabo]

Good management is needed for someone to be able to own a house, People who are successful in building a house never happen by chance, they use the best and wisest methods to be able to collect money little by little and finally succeed in building a house. Currently, there are many TikTok, YouTube, Instagram content creators who have successfully built their dream home and all of them are mostly young people under 30 years old, they must be able to take advantage of all the opportunities that exist and being a content creator is currently a promising profession.

Good management is not enough to fulfil such an achievement as a house. A lot of young people right now dont have life goal at all, compared to people of older generation. If we ask a young man what he wants to do or achieve in his life, he would most likely answer that he does not know it. Younger generation lives more relaxed life. They have little to prove to society. I wont way that they are lazy, but they dont have long term plans. If we speak exactly about the house, then some people think that they would rent now, but with time, parents will leave them their house, so there is no use working hard and buying own.

The development of the times is so fast and progress has now almost reached all corners of the world so that thought patterns and lifestyle changes have also changed. Generations Z and I see that some of this generation have also been able to achieve success by owning a house and a vehicle. They can do this because they have the will and determination to work and are able to take advantage of opportunities via the internet.

Then it's not just one field that they have to work in, the use of technology by doing traditional work also gives them the opportunity to achieve their life dreams. This means that life will not fail if they always instill the will to work in themselves without expecting an inheritance from their parents. In fact, I don't agree that young people can only relax because they see their parents have sufficient wealth, but a great young person is one who has the ideas and thoughts to continue working for his own future.

I did not say "only relax", I've said "live more relaxed life". That is a big difference. Formed generation were more hardworking, aimed to on a result. Current - you have mentioned progress - their life is more simplified. That employs. There is always a technology, a helper that makes their life easier. And that makes them lazy, makes them postpone things for next time. They always wait for someone or something, that will change their life and gives them a free house or they will get that house without putting much effort to get it.

[bbigtart]

In this day and age, everything is getting more and more complicated, especially if we don't have an awareness of the hall of things that are closely related to life. Management is one of the basics that we must have so that we are always on the right track when living life, because once we deviate in doing something that is out of the guidelines then we will find it easier to realize it and return to the right path.
I actually believe that everyone will definitely have a plan in their head, but the problem that happens is when executing the plan, sometimes we have moved before the plan is really well organized.

There are two things that can enable people to have the house they want, the first thing is to have a clear plan and be disciplined about that plan, remembering that of course there will be our desires which must be managed well, because the longer the price of building materials becomes more expensive, the more expensive we will be. You can pay in installments to buy building materials according to the savings you have accumulated, of course you must already have a calculation plan for the house you will build later. and secondly, from investment, such as cryptocurrency, we get a fortune in an instant so that the money is enough to build or buy a house

Buying a house nowadays is indeed difficult, especially for generation Z because property is now also a promising investment, making many people invest in house property which ultimately makes it difficult for generation Z to get a house at a cheap price.

There are several steps that Gen Z must take to achieve their goals. If you don't own a home yet, try as much as possible to reduce lifestyle expenses (car, fancy clothes, etc.). It's better to save money or invest in crypto. If you are a wasteful person, you cannot save. Forced to save using a savings plan, where every month we automatically buy Bitcoin, we automatically do DCA for future assets. That way, when our assets grow into greater profits, you can easily buy a house. Because in this way buying a house becomes easier apart from mortgage credit.

[passwordnow]

Student loans, personal loans, housing loans, what other loans people are going to take? I want to have my own house but it shouldn't be grand and cozy. As long as I can live under its roof and there's a strong wall that can protect me in most seasons, together with family to keep memories while I am living in this world, that would be more than enough. I have my dream house as well but not to be pessimistic but accepting reality isn't going to hurt me that it may take forever until I get that.

In the past, housing was totally cheap and everyone can afford it because things were not as expensive as they are today. And programmes from the government were helping each other to own their houses and lots. This time, it's different, down payments can attract you but when it's come to the mortgage, you'll have to think twice because if you're not a hardworking guy then you're going to think of it again. While there's a new thing that many are seeing and ideal for the first world countries about living on the van and going on with adventures for a van life experience, some may just choose to get with that for very the same reason that apartments are expensive and so as the rents.

[poodle63]

Student loans, personal loans, housing loans, what other loans people are going to take? I want to have my own house but it shouldn't be grand and cozy. As long as I can live under its roof and there's a strong wall that can protect me in most seasons, together with family to keep memories while I am living in this world, that would be more than enough. I have my dream house as well but not to be pessimistic but accepting reality isn't going to hurt me that it may take forever until I get that.

In the past, housing was totally cheap and everyone can afford it because things were not as expensive as they are today. And programmes from the government were helping each other to own their houses and lots. This time, it's different, down payments can attract you but when it's come to the mortgage, you'll have to think twice because if you're not a hardworking guy then you're going to think of it again. While there's a new thing that many are seeing and ideal for the first world countries about living on the van and going on with adventures for a van life experience, some may just choose to get with that for very the same reason that apartments are expensive and so as the rents.

everyone right now is also expecting to have a house that is not too grand but safe enough but the reality is that even these house are pricey as heck, there's reason why many people saying housing is unaffordable if we can still afford small house its still good enough but nowadays even small house cost so much thats why young people across the world are complaining.
also considering the fact that such phenomenon are happening across the world, its mainly I guess because the population that always grow where habitable lands are staying in number, meanwhile there's tendencies that the successful old people that has been born ahead of us always trying to hoard all those real estate and housing for the sake of investment it just make things difficult.
the solution to this though, government should endorse affordable housing like maybe building more and more few stories building as an apartment and also limit the ownership of properties that should be viable solution in the long run tbh.

[passwordnow]

everyone right now is also expecting to have a house that is not too grand but safe enough but the reality is that even these house are pricey as heck, there's reason why many people saying housing is unaffordable if we can still afford small house its still good enough but nowadays even small house cost so much thats why young people across the world are complaining.

That's true, even for a small piece of land and with a house in it, the cost is too much and expensive. Well, this is the reason why the rich are getting richer because they're investing in the assets like this that keeps on appreciating and we have to put that on the line that it's because land is scarce and they're limited. And there is only one way that it is going to cost and that's going to be up, no other way.

also considering the fact that such phenomenon are happening across the world, its mainly I guess because the population that always grow where habitable lands are staying in number, meanwhile there's tendencies that the successful old people that has been born ahead of us always trying to hoard all those real estate and housing for the sake of investment it just make things difficult.
the solution to this though, government should endorse affordable housing like maybe building more and more few stories building as an apartment and also limit the ownership of properties that should be viable solution in the long run tbh.

Yes, population is growing and those cities that have been flocked by workers and people and becomes a center will usually have to appreciate their prices, rents and mortgages. And that's going to cause a lot of domino to the price of real estate there. I can't blame the old folks that was once did a lot of wise decisions in the past for investing into real estate. They're just going to harvest all of the efforts that they've done before and it's worth it investment for them. Although most of us want to venture into real estate, many just can't because of how complicated it is to get in and the requirement for the capital stops many.

[poodle63]

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.

[MarjorieZimmermanGinger]

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?

This condition is real and generation Z on average does not have a good source of employment so making the decision to buy a house is very difficult. To build a dream house requires sufficient capital preparation, otherwise the house being built will be neglected and unable to be worked on until completion. We have a term for working when we are young to save or buy gold, the aim is as a preparatory step for building a house and this condition has been practiced for a long time in my family before each of them gets married.

Generation Z has evolved and most of them work much more easily in the fields of computerization, technology and trading. This, if utilized properly, will make it easier for them to build a house. But it also really depends on how generation Z can see opportunities in this sector because if they don't do anything then they still won't be able to buy a house.