Housing is no longer a goal for the next generation

[Jatiluhung]

Buying a home is everyone's dream, and for many, it's one of their primary goals throughout their lives. Today, housing prices are extremely high worldwide, mortgage rates are unaffordable, and housing prices are constantly rising, especially if you live in a big city. Most of your income goes to rent, making it impossible to buy a home.

As housing prices rise, I understand why people are no longer interested. As prices rise, demand decreases. Naturally, because housing is a basic need, it will always be a goal for people, even if demand declines.

Yes, even though demand in big cities has decreased, that doesn't mean they don't want it or prioritize it. However, most people's purchasing power and ability currently make it somewhat difficult to afford. However, I rarely see housing that doesn't sell once it's completed. This is because the trend of paying off a house in installments is still quite strong, especially for those with a decent steady income. However, for those without a steady income, renting will still be an option. However, it's very different living in a village. Everyone there is always trying to own their own home. And they don't usually rent. So, before they own their own home, they'll stay with their parents while gathering materials to build their own home. Once the materials are gathered, the house is built and they separate from their parents.

[Oshio-man]

Buying a home is everyone's dream, and for many, it's one of their primary goals throughout their lives. Today, housing prices are extremely high worldwide, mortgage rates are unaffordable, and housing prices are constantly rising, especially if you live in a big city. Most of your income goes to rent, making it impossible to buy a home.

There are many people here, which their dream is to build houses for rent when they have the funds because they know the important of owning a house in their country, Well it depend the location you build the house that will make people not to rent the house for high price, if truly the place is a business area or city, people will definitely come to rent the house with any amount to make funds to enter the owner bank account,  I know is not easy to buy land and also build house on it in a business area or city because it require so much funds to achieve those things, but no matter the amount of funds you spend to invest in houses, it will definitely going to favour you and your generation to come.

[Adams0001]

There are many people here, which their dream is to build houses for rent when they have the funds because they know the important of owning a house in their country, Well it depend the location you build the house that will make people not to rent the house for high price, if truly the place is a business area or city, people will definitely come to rent the house with any amount to make funds to enter the owner bank account,  I know is not easy to buy land and also build house on it in a business area or city because it require so much funds to achieve those things, but no matter the amount of funds you spend to invest in houses, it will definitely going to favour you and your generation to come.

Getting your on house is the biggest freedom, because you will be comfortable without stress and you will have peace of mind. You are right many people dreams is to build a rent house to be getting profits every year. is part of business and that is what make some people rich by buying housing and turn it to a rent place and be getting cool money. In our country mostly places that you will see the price of the houses are too expensive are students area and development area makes houses cost. You will notice that rich people buy many houses to invest and be getting profits back to back, getting a houses for rent is another opportunity to become rich easily. is a nice business but you need to have enough funds to build the dreams, not anything comes easily in this life but your hard work and effort will make you achieve what you are chasing. In my opinion even the next generation will still buy houses and build for investment because land is naturally and we need houses to live in the world so I think next generations will demand land then this current generation.

[DYING_S0UL]

The cost of everything is absolutely high at the moment. A lot of Young people prefer to rent for a while probably till they stand on their feet is because owning a house in this generation is very expensive. The cost of getting a land and then building materials is worth a fortune. It's quite unfortunate that the standard of living is getting too high but majority of the youths are struggling to just survive on their own

At the end of the day, isnt it the goal of everyone? (having a place we can call our own)..

Do all the hard work, struggle throughout your 20s and 30s, keep pushing yourself until you reach your 40s, until you have accumulated enough to feel secure. Then when you have finally gathered what you need, just return to a simple life, build yourself maybe  a small but comfortable home, and live peacefully away!!!

Because in the end, this is what most of us craves. A life where we no longer have to worry about rent, debts, or sudden financial crisis. This is what i plan to achieve.

[bitgolden]

Acquiring a house gets harder day by day for young people and even those who wish to stay with their parents are being told to pay rents too. The debate had been a huge one last year, why would parents add to the bills of their kids. Low opportunities and high cost of living is dealing with this generation but the next one to come I bet you won't have much problem with it. Because the internet and Bitcoin age would offer jobs and businesses to them at an early stage of life.

One thing the "young" needs to realize is how to utilize it as a business, and not as a personal thing. At this point, there is no "I bought a house for myself" easily, we calculated it, it is not possible. However, it is still possible to get 20% of it by saving it, and then, get loan, and then rent it out to someone else, or airbnb it or whatever. Of course there are laws, like in the USA, there are some squatters videos that I see, so be careful about it obviously.

However, if you can do a fine job, then you can turn this into a business. The rent business is booming, because young people can't afford to buy a house, so if you take the first step, and start having some income, then you can have 10+ places you rent out in 10+ years, and you can even hire someone to take care of it for you after a while.

[Sticky Bomb]

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.

This is more reason everyone should seek other sources of income and not being dependent on a wage that is not appreciating in response to the inflation. You have many options to get along with the increase in prices of things, develop yourself more and get more dividends for your value, seek other means of income and you can start some smart investment activities which would give you more income in the near future.

Having your home is still very much a realistic goal if you plan very well for it.

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.

Paying rent for a long time is what makes little financial sense, it still makes very much sense to save and build or buy my own house, in fact, it is top on my priority list and I cannot engage into the long-term financial mistake of remaining a tenant, Instead I feel more financially smart to build my own house and enjoy my dividends from renting parts or some of it to tenants. It serves as another investment to me and you know well that landed properties keeps appreciating.

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.

Having your home is one great asset if you ask me, I have lots of friends who are building theirs and I'm surely starting mine soon,  long-term renting is a financial mistake if you have the means to save up and own your own home.

[l3pox]

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?

if you had to choose only one
would you rather have a house or a safe investment that pays your rent in full each month and you still have an extra to spend or save the way you want?

truth is houses are expensive nowadays, they're not the best investment
probably better to have the money invested and live out of the interest that put it all on a house
even though renting has its pros and cons it ends up being cheap and you can choose what to do and where to go

Yes, houses are probably not the best investment so far since it’s not making any passive income either. But surely no one would want to rent forever, especially if you are already building your own family. The time will come that you will desperately need a home of your own, a shelter for your family’s safety. And that will only be possible if you finally build your own house, after all the investments’ profits that you have been benefiting from the moment you start investing on the right asset.

yes, maybe you are right, I don't have children yet so for now I don't mind that much owning real state but at some point things may be different
I don't discard the idea of renting longterm even with the means to buy simply because the investment will be better
it's not so hard to find a good place to rent too if you have the means to pay for the rent
in my area even in the times it is hard you can find a good place in a couple of months and move

[mirakal]

People that I know still wish to become successful in life and build home. At least if it is not a big one, but they do not want to continue paying for rent, and which is very good.

House is still a goal but maybe where you are living is different from where I am living. People still want home of themselves in my country. Even people that are not rich still find all means to build their own house if possible they can do it.

Renting maybe a kind of saving for now and avoid the huge expenses when building a house, but renting for lifetime, that’s another story to tell. No one wants to rent for lifetime, and seeing your money has gone into waste, although you also live for it, but the fact remains that spending monthly rental most often and in the end, you still don’t have a place you can call your own, people will definitely tell you you are just wasting your hard-earned money.

Reality is, we all want to build a house of our own, that’s still the ultimate goal for everyone. However, if we can’t afford the expenses yet, then renting is good, but we should also save as well so we can build a home of our own in the near future.

[ShowOff]

People that I know still wish to become successful in life and build home. At least if it is not a big one, but they do not want to continue paying for rent, and which is very good.

House is still a goal but maybe where you are living is different from where I am living. People still want home of themselves in my country. Even people that are not rich still find all means to build their own house if possible they can do it.

Renting maybe a kind of saving for now and avoid the huge expenses when building a house, but renting for lifetime, that’s another story to tell. No one wants to rent for lifetime, and seeing your money has gone into waste, although you also live for it, but the fact remains that spending monthly rental most often and in the end, you still don’t have a place you can call your own, people will definitely tell you you are just wasting your hard-earned money.

Reality is, we all want to build a house of our own, that’s still the ultimate goal for everyone. However, if we can’t afford the expenses yet, then renting is good, but we should also save as well so we can build a home of our own in the near future.

I agree with your thinking, renting a house for life isn't a good idea. Actualy, there are many ways to own your own home, one of which is through a property loan. The annual rent can be allocated to monthly bills, but the interest is very high and there may still be a down payment required. Some people who prioritize convenience may choose this route, but it's certainly not wrong, as it depends on their individual perceptions and needs.

If you have some money but not enough yet to build your own house, I would suggest investing it in assets such as gold or Bitcoin. Consider it a hedge, while trying to accumulate more over time. With consistency, I'm confident your dream of owning your own home will come true, perhaps even sooner than planned.

[AYOBA]

ural part of
Having your home is one great asset if you ask me, I have lots of friends who are building theirs and I'm surely starting mine soon,  long-term renting is a financial mistake if you have the means to save up and own your own home.

Having your own personal home is a good ideal and a valuable possession. Because of the present dire situation of conditions, it is difficult for someone to acquire property and construct a house; this is not a major problem, given the high cost of building materials. Renting forever is not a smart idea because you will not be comfortable at all; in certain cases, the amount someone pays for renting in two years is nearly enough to buy property and construct on. However, due to certain people's lack of planning, we can observe that they can spend more than ten years renting a property before owning their own home.

[MissNonFall9]

Every person in the world wants to live in peace in their own house. Because he can decorate his own house as he wishes, live freely, and in a rented house there is no freedom, unless there is a compromise with the owner of the rented house, he has to leave the house and the rent is constantly increasing. So today people who live in rented houses are only helpless because they cannot afford to buy a house. And not only in my country but a few people in the world are wealthy and others are middle class and poor.

[slapper]

we grew up programmed to believe housing is adulthood's achievement badge, but the math does not add up for most people under 40. Anyone who has tried to "run the numbers" lately already knows: the numbers run you. Sure, wages are static, but property has become vessel for generational wealth transfer, social stability, even dating value

This is not just a cyclical market swing. It is a shift in how young people assign meaning to their choices. Is this a tragedy, or actually a rare form of freedom? You cannot lose the home lottery if you never buy a ticket. So, we see alternatives: digital nomadism, micro-investments, group living. They are adapting in real time, because who says a nuclear family needs a nuclear mortgage? The old system handed people a single template for adulthood. Now, at least, there is the variety of options. Most of which probably freak out politicians, banks, and anyone with a pension

And if this is a bubble, what is the asset being inflated? Dreams? Land? Or just the illusion that owning something gives you control? Maybe the problem is thinking that ownership equals stability at all. As for "structural change", it has already here, just messier and lonelier than the textbooks said. Owning, renting, bouncing, none of it feels like winning, but at least now the script's open for edits

[Mame89]

ural part of
Having your home is one great asset if you ask me, I have lots of friends who are building theirs and I'm surely starting mine soon,  long-term renting is a financial mistake if you have the means to save up and own your own home.

Having your own personal home is a good ideal and a valuable possession. Because of the present dire situation of conditions, it is difficult for someone to acquire property and construct a house; this is not a major problem, given the high cost of building materials. Renting forever is not a smart idea because you will not be comfortable at all; in certain cases, the amount someone pays for renting in two years is nearly enough to buy property and construct on. However, due to certain people's lack of planning, we can observe that they can spend more than ten years renting a property before owning their own home.

Renting isn't a good idea, especially as rents continue to rise every year. So, in my area, owning your own home is no longer just a dream, but a pressing necessity amidst the ever-increasing cost of building a home. Arguably, a home is not only a shelter for us and our families, but also a symbol of financial stability and achievement. This is the case in my country, where even young people are afraid to get married without their own home.

Because, as the old saying goes, the most important thing for a family is to have their own home first. A home can serve as a refuge. No matter how small our home, having our own home feels very comfortable. A home can relieve stress, allow us to hone skills, or even spark ideas for earning additional income for investment. When it comes to property investment, it's probably true; the younger generation is more interested in investing in crypto assets than in real estate, which requires a significant initial investment.

[noormcs5]

Buying a home is everyone's dream, and for many, it's one of their primary goals throughout their lives. Today, housing prices are extremely high worldwide, mortgage rates are unaffordable, and housing prices are constantly rising, especially if you live in a big city. Most of your income goes to rent, making it impossible to buy a home.

There are many people here, which their dream is to build houses for rent when they have the funds because they know the important of owning a house in their country, Well it depend the location you build the house that will make people not to rent the house for high price, if truly the place is a business area or city, people will definitely come to rent the house with any amount to make funds to enter the owner bank account,  I know is not easy to buy land and also build house on it in a business area or city because it require so much funds to achieve those things, but no matter the amount of funds you spend to invest in houses, it will definitely going to favour you and your generation to come.

Well having one own home is still the necessity of many people and living on rent won't be a viable option in the long run. Yes, i know people who buy / built houses and sell them but themselves are living on rented houses but eventually as the family go bigger (a man having wife and children), making one own house may be the best investment.

Yes if anyone has more funds, he can buy homes and put them on rent. For other people who aren't too rich, they can built one house and sell it and then built another one. This property business never fades away as there is always demand for the houses.

[WatChe]

At the end of the day, isnt it the goal of everyone? (having a place we can call our own)..

Do all the hard work, struggle throughout your 20s and 30s, keep pushing yourself until you reach your 40s, until you have accumulated enough to feel secure. Then when you have finally gathered what you need, just return to a simple life, build yourself maybe  a small but comfortable home, and live peacefully away!!!

Because in the end, this is what most of us craves. A life where we no longer have to worry about rent, debts, or sudden financial crisis. This is what i plan to achieve.

If prices of houses are going up likewise their are opportunities popping up to facilitate the buying/construction of a house. In my country (Pakistan), government few years ago launched a scheme where people are given special loan on less interest rate for construction of new houses or buying a constructed house. Many took advantage of that scheme and are now having their own roof. I am sure in every country their are such opportunities.

Having own home is dream of every person who live in rented accommodation and everyone tried his best to fulfil that dream. It's another thing that some are able to achieve their goals while others are not.   

[Lanatsa]

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?

if you had to choose only one
would you rather have a house or a safe investment that pays your rent in full each month and you still have an extra to spend or save the way you want?

truth is houses are expensive nowadays, they're not the best investment
probably better to have the money invested and live out of the interest that put it all on a house
even though renting has its pros and cons it ends up being cheap and you can choose what to do and where to go

Yes, houses are probably not the best investment so far since it’s not making any passive income either. But surely no one would want to rent forever, especially if you are already building your own family. The time will come that you will desperately need a home of your own, a shelter for your family’s safety. And that will only be possible if you finally build your own house, after all the investments’ profits that you have been benefiting from the moment you start investing on the right asset.

yes, maybe you are right, I don't have children yet so for now I don't mind that much owning real state but at some point things may be different
I don't discard the idea of renting longterm even with the means to buy simply because the investment will be better
it's not so hard to find a good place to rent too if you have the means to pay for the rent
in my area even in the times it is hard you can find a good place in a couple of months and move

As long you do have the money or budget then seeking out those places would never been a problem as long you can find out those rentals then you would be able to place yourself as long it would be that relevant whether you are working that near into that location then it would be just that common sense that you would be trying out to look into those locations on which you can rent out and be just that near into that on which it would be giving out that less hassle plus that cost effective in terms of expenses. Its true that when it comes to the prices that we do have now with those houses and properties then it is just that too expensive. On the moment that you've been that trying out to deal with it via means on investment then it would be a good approach but since not all would be having the money or capital that they can be able to deal up with then majority will be that prioritizing on acquiring their own home and dealing up with those long term mortgages. Housing could neither be having those choices or options that we do have currently and if you are eyeing for making money then you would be having that different approach.

Speaking about being cheap then i would say that renting would be the best option in comparing when you do have some monthly mortgage. The best thing about on having that option is that you can move in and move out anytime you do want without minding about your priority or what and its much cheaper rather than on paying up those monthly amort. Some people do prefer on having their own house on which actually this is I do like but it would that become situational because it would be that basing up into your financial capabilities whether you can be able to sustain. The good thing is on having your own property is that you can have options on whether you would be trying to make out some rent with that and make some passive income or you wouldnt be having any problems on paying up rent forever? It all matters about into your own approach and plans in life because each person does have that different priorities and plans ahead on which it could differ to each other. This is why we cant be able to blame them out if they have been able to reach out that option or not.

[finaleshot2016]

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?

The problem is, salary didn’t increased and the central business didn’t expand. People want to buy house but the near lot from the central city is already bought by major real estate companies, developers are putting too much price on house and lots nowadays. If they want a house that is not expensive,  it’s only available very far from the city or maybe in province, that’s the only way but if you work at the city then it’s gonna be a huge problem because there are countries that has poor transportation system so it’s not gonna be very efficient. So some are not priotizing to buy a house, instead they’re renting apartments or condo just to have a balanced work life, no hassle transportation and near at work. That’s also the reason why people seek for a good job and they’re not very contented to some cheap salaries because these rich people and corrupt politicians that don’t prioritize the people are making the imbalances.

[Cheema02]

Buying a home is everyone's dream, and for many, it's one of their primary goals throughout their lives. Today, housing prices are extremely high worldwide, mortgage rates are unaffordable, and housing prices are constantly rising, especially if you live in a big city. Most of your income goes to rent, making it impossible to buy a home.

As housing prices rise, I understand why people are no longer interested. As prices rise, demand decreases. Naturally, because housing is a basic need, it will always be a goal for people, even if demand declines.

There was a time and from generations we listened to it from our ancestors that our own house will make you feel a sense of security. it was the first priority of everyone to build their own house but now the racism world or the modern world changed the way of thoughts. The increasing prices of homes people prefer to invest that money somewhere instead of buying a house. So, from that profit managing the expenses is easy and also enlightens the further ways of earning. Now when the resources are limited for every second person it is difficult to spend all on a house because after buying you have nothing to do or nothing to earn to manage the further expenses.

[MarjorieZimmermanGinger]

This is already another stage, when children appear, moving becomes more difficult, because they have friends, kindergarten, school, environment, hobbies and for children it is all much more difficult. But there are such people for whom changing location is much easier than for other people. I think that most often their own home will be a priority for a young family, especially when they decide to have children. But I do not see any difficulty in selling the home and moving to another place and buying a home where they are moving.

Most parents choose a good environment for their children to grow up in, and frequently moving around makes it difficult to get to know the neighborhood. In the context of investment, I agree that a house is no longer a potential investment, as discussed previously. However, when faced with marriage, it's much better to build your own home and not move around for whatever reason. If others have different views, that's fine, because everyone has their own perspective, but for me it's better to settle in one house with a much better environment.

[CageMabok]

...

Most parents choose a good environment for their children to grow up in, and frequently moving around makes it difficult to get to know the neighborhood. In the context of investment, I agree that a house is no longer a potential investment, as discussed previously. However, when faced with marriage, it's much better to build your own home and not move around for whatever reason. If others have different views, that's fine, because everyone has their own perspective, but for me it's better to settle in one house with a much better environment.

Seeing a good neighborhood isn't easy these days, as crime is ubiquitous, which has led many parents to exercise a little extra supervision over their children, especially those who have their own homes after marriage. However, if someone moves in search of a more peaceful environment, I believe it's a perfectly worthwhile undertaking, but doing it repeatedly can be very tiring, as it not only impacts our children but also makes it difficult for us to adapt to the new environment.

As for investment, housing complexes strategically located near the city and business areas are ideal. Prices can also tend to rise annually, although this may not be the case for homes in rural areas, as urban properties are typically slightly more valuable than their rural counterparts. This is especially true if the village is a slum and lacks tourist attractions that could potentially serve as business opportunities for local residents.