Housing is no longer a goal for the next generation

[Justbillywitt]

You must not build a luxurious house to own a house, there are houses you can build with little money that might not be as big as you are seeing it. The stress of renting a house on the long term is not as easy as you are seeing it. There's nothing that's as good as having your own house. Moreover the prices of renting houses are not stagnant, they are equally rising as the cost of building a new structure keeps rising. What one should do is to strive to increase your sources of income because if you want to rely on one source of income it will disturb you to cope up with the rising cost of building or buying a new house.

Depends where you live. In here you can always buy some cheap land from some dying cities, but there's no jobs for you in there.
And likely those zoning area requirements of what materials you should use and how the building should look might end up being really expensive.

Because zoning areas that accept "cheap" looking ugly buildings that stand out among the neighbourhood are rare.

It still boils down to you knowing what you want, and you knowing the size of your bank account. You have no business going to buy land to build in an expensive zones. I believe that there are zones of high income earners, medium income earners and low income earners. You shouldn't be a low income earner and want to buy a land to develop in zones meant for high income earners or medium income earners. You should be looking out to buying land to develop in zones allocated to low income earners. And it is not compulsory that you will end up having a job in areas where you built your house. If there are no jobs in the area, you can be transporting to areas were there are jobs, and go back home after the close of work on daily basis.

[Yeesha]

You must not build a luxurious house to own a house, there are houses you can build with little money that might not be as big as you are seeing it. The stress of renting a house on the long term is not as easy as you are seeing it. There's nothing that's as good as having your own house. Moreover the prices of renting houses are not stagnant, they are equally rising as the cost of building a new structure keeps rising. What one should do is to strive to increase your sources of income because if you want to rely on one source of income it will disturb you to cope up with the rising cost of building or buying a new house.

Depends where you live. In here you can always buy some cheap land from some dying cities, but there's no jobs for you in there.
And likely those zoning area requirements of what materials you should use and how the building should look might end up being really expensive.

Because zoning areas that accept "cheap" looking ugly buildings that stand out among the neighbourhood are rare.

It still boils down to you knowing what you want, and you knowing the size of your bank account. You have no business going to buy land to build in an expensive zones. I believe that there are zones of high income earners, medium income earners and low income earners. You shouldn't be a low income earner and want to buy a land to develop in zones meant for high income earners or medium income earners. You should be looking out to buying land to develop in zones allocated to low income earners. And it is not compulsory that you will end up having a job in areas where you built your house. If there are no jobs in the area, you can be transporting to areas were there are jobs, and go back home after the close of work on daily basis.

You are absolutely right, they are zone for high income earners, also for medium income earners and also for the low income earners. A medium or low income earners shouldn't bother looking for a zone that contain or is made purposely for high income earners. And it is actually very important to consider the situation of your environment and also the availability of needful resources and availability and accessibility to the social services and social amenities including hospital, school, and so on. To avoid the cost of transportation you can also choose a location that is not far away from your workplace.

[GiftedMAN]

Things are not what they used to be in the past, renting a house in this current economy is expensive depending on the type of house you need. Owning a home on the other hand is extremely expensive especially if you don't have the money to start off the project. People who rent might have plans to own their own house but you need to start from somewhere, building a house takes a lot of and money

That’s right
There’s nothing wrong with renting a house, but where I find it weird is staying in a rented apartment when you literally have the capacity and resources to start building your own house, maybe because the cost of building a house is super expensive. I’ve seen folks who are scared to start a building project, despite having the potential to build their own house. Yes building a house is expensive but only if you think about it that you need to do it at once. People can spend months building a house, some a couple of years, depending on their capacity, the most important thing is taking that first step.

[Doll2233]

As the prices of the houses are becoming more and more by every passing day where as pay checks are still at the same rate making houses is becoming a dream for many young people. In past only a single income was enough to sport a family were as in today’s world despite having multiple sources of income people are facing difficulty they are struggling with their day to day activities it is basically a fundamental shift in how todays wealth is distributed among people. Maintenance charges of owing a house is becoming out of hand that’s why people have shifted to renting property and building a luxury life style. Our thinking about community is definitely changing after this change. There is hope of increase in prices in the coming future it will be a good thing for those who are already owing their properties they can get more rents.

[Mr wine]

Well housing is cost though, but I think its a thing of choice. No matter how high a mountain is there are people who really willing to climb to the top , its better to build and own a house than to rent in long term and at the end of the day you don't have a house to call your own matters how small.

And you can always buy a house, if you fear the cost of building a new house.

[Berry2d]

Well housing is cost though, but I think its a thing of choice. No matter how high a mountain is there are people who really willing to climb to the top , its better to build and own a house than to rent in long term and at the end of the day you don't have a house to call your own matters how small.

And you can always buy a house, if you fear the cost of building a new house.

I dont believe there is any amount of reason that can convince me that leaving in a rented apartment is better than getting once personal own. Its true the cost of building once personal apartment is very high but there is no need considering leaving in a rented apartment over the little apartment that belongs to you be it is small and uncomfortable one. More persons consider the comfort they get in a well designed apartment over getting there own personal own without know a time shall come when one may be face with financial instability or handicap,  therefore making it difficult to continue with the payment and then it becomes a problem 

[Nanga Parbat]

As the prices of the houses are becoming more and more by every passing day where as pay checks are still at the same rate making houses is becoming a dream for many young people. In past only a single income was enough to sport a family were as in today’s world despite having multiple sources of income people are facing difficulty they are struggling with their day to day activities it is basically a fundamental shift in how todays wealth is distributed among people. Maintenance charges of owing a house is becoming out of hand that’s why people have shifted to renting property and building a luxury life style. Our thinking about community is definitely changing after this change. There is hope of increase in prices in the coming future it will be a good thing for those who are already owing their properties they can get more rents.

Thinking about building a house or purchasing a house is a good approach. If a person buy a house he feel safe and sound. However today's generation behave in a different way. Because of rising prices of houses they are not interested to buy a house in early years.  They focus on creating or building financial strength. Investment on different projects or they usually focus on generating more than one source of income. Today generation is now want to be economically strong themselves. Because now they know the value of money and standard of life is important. Their immediate goal is not buying a house or not agree to invest all savings on just single assets but they want to spend money to  generate more income and I think it is a good mind set. Because multiple sources of income made easy for them to buy house easily. It does not mean that Gen Z is neglecting the importance of ownership of the house it is always in their long term target list.

[Bitcoin.com97]

To the best of my knowledge housing is a still a goal , the successful youth are building every day , because the way rents are going up day by day nobody knows how the next generation you mentioned will be , so people are planning ahead ,getting things done , I believe a lot of changes will come in the nearest future, but saying housing is not longer a goal is what I don’t accept, imagine the way landlords are increasing rent as if the houses are built now , talk more of the coming years ,building or buying a house is kind of safer and many has understood this , fear of high price has kept many back , but once you can overcome it and make a bold step , before you know it you have gone far.

[Satofan44]

Thinking about building a house or purchasing a house is a good approach. If a person buy a house he feel safe and sound. However today's generation behave in a different way. Because of rising prices of houses they are not interested to buy a house in early years.  They focus on creating or building financial strength. Investment on different projects or they usually focus on generating more than one source of income. Today generation is now want to be economically strong themselves. Because now they know the value of money and standard of life is important. Their immediate goal is not buying a house or not agree to invest all savings on just single assets but they want to spend money to  generate more income and I think it is a good mind set. Because multiple sources of income made easy for them to buy house easily. It does not mean that Gen Z is neglecting the importance of ownership of the house it is always in their long term target list.

The use of the word interesting here is peculiar, because what creates interest? Should a person be interested in doing something that they will most likely never be able to do in their life? Should they obsess all their life about goals that are impossible? The extremely expensive prices of real estate are one of the primary reasons for which the current youth is no longer "interested", and the average person should not be because of the reason that I explained. The other one is that they are addicted to consumption of things that are not important and transient, so they are the kind of generation that you could sell the dream of "owning nothing and being happy" and some other bullshit like that. People who spend all day long on social media or watching influencers are not interested in anything meaningful in life. Who could have guessed?

To the best of my knowledge housing is a still a goal , the successful youth are building every day , because the way rents are going up day by day nobody knows how the next generation you mentioned will be , so people are planning ahead ,getting things done , I believe a lot of changes will come in the nearest future, but saying housing is not longer a goal is what I don’t accept, imagine the way landlords are increasing rent as if the houses are built now , talk more of the coming years ,building or buying a house is kind of safer and many has understood this , fear of high price has kept many back , but once you can overcome it and make a bold step , before you know it you have gone far.

Completely made up and fabricated nonsense that has no basis in reality. Who are these "youth" that are building every day" Where are they going to "build"? You do realize that you need land to build something? For most people who are living in large cities, cities that are not 3rd world shitholes, buying land as a youth is impossible. Therefore this only leaves areas surrounding large cities or completely rural areas. Alright, do you have any idea how land costs in any well developed country in a place that is not a total shithole? The numbers are such that even top earners in the country are not able to buy that with a loan over the course of 20 to 30 years. Therefore, cut the bullshit and making up nonsense. You are imagining things that are not happening.

[Antotena]

As the prices of the houses are becoming more and more by every passing day where as pay checks are still at the same rate making houses is becoming a dream for many young people. In past only a single income was enough to sport a family were as in today’s world despite having multiple sources of income people are facing difficulty they are struggling with their day to day activities it is basically a fundamental shift in how todays wealth is distributed among people. Maintenance charges of owing a house is becoming out of hand that’s why people have shifted to renting property and building a luxury life style. Our thinking about community is definitely changing after this change. There is hope of increase in prices in the coming future it will be a good thing for those who are already owing their properties they can get more rents.

Well, you might have to consider what kind of houses that are built today. Back then, there was nothing like luxury live style then. People just build simple home where people will have comfort and security. However, the situation isn't the same anymore. Social media has made life so competitive that everyone want to have what another person has in their home, like in my place if your house isn't having POP ceiling, an average guy will not want to rent it, this has caused high price for houses that has POP.

If we forget about the things we give priority and focus on how it used to be back then, life will be simple and classy but I guess we all want forward and not backward but I think a time will come when none of this are going to matter again. I remember when android came to the market, they were so expensive that an averga person couldn't afford it but today, we have them everywhere except you don't have money to buy one for yourself.

[Satofan44]

Well, you might have to consider what kind of houses that are built today. Back then, there was nothing like luxury live style then. People just build simple home where people will have comfort and security. However, the situation isn't the same anymore. Social media has made life so competitive that everyone want to have what another person has in their home, like in my place if your house isn't having POP ceiling, an average guy will not want to rent it, this has caused high price for houses that has POP.

If we forget about the things we give priority and focus on how it used to be back then, life will be simple and classy but I guess we all want forward and not backward but I think a time will come when none of this are going to matter again. I remember when android came to the market, they were so expensive that an averga person couldn't afford it but today, we have them everywhere except you don't have money to buy one for yourself.

This is literally not true and you are imagining something based on your limited set of experience and knowledge. Houses have always been built according to the standards and economic possibilities in the area where they are being built. So they are experiencing a natural progression the same way that all parts of our lives are experiencing this, e.g., technology., Nevertheless, most houses that are being built today, and with that I mean 99% of all houses, are in no way "anything luxurious". They are either:
1. A house resembling an communist factory output. Low quality in structure and all important metrics, but fake in terms of inside luxury -- decorated to hide its poverty. It is similar how poor people are buying expensive phones or shirts, when they themselves are poor.
2. Badly designed and inefficient turds of houses.

The average person that copies other people for the sake of copying someone, even when what the other is doing wrong, is not worth any considerations. Very few houses being built are:
1. Luxurious, because people can not afford it.
2. Well designed and efficient, because people have no idea what those concepts even are.

Don't imagine luxury in things that you know nothing about -- a POP ceiling is fucking cheap. Most of the houses in any country that I have seen at least on the internet and on the websites that I have used are terrible. Rarely, perhaps 1 in 50 or 1 in 100 has a really efficient layout (with or without luxurious elements).
The fact is, good housing is not an attainable goal for most places where it is worthwhile to live. Your only options are:
1) Very small, so you live like a factory animal -- but you'll tell others you are happy, as a copium mechanism.
2) Very old or otherwise in terrible shape (and often small too).
3) Located somewhere terrible or far from anything important to modern living.

[Jasmyne]

I won’t fully agree to this, because I Know for sure the country where I am, one of the goals of everyone here is to get their own home, no matter the high rate of inflation. Even persons that not rich here, still have their own homes and they were able to achieve that by building it gradually until they were able to achieve a complete house.
But I know recently the country I am, most persons don’t really build their homes again, they just buy an already built house but those that don’t have money to buy a complete house and has already acquired a land, will start the building process gradually until they are able to achieve their home. So even does that can’t afford getting a house now, are still planning towards it.

[Somegory]

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.

House isn't something that you must do when you don't have the capacity, it's better to have or develop the capacity to invest most of your life on investments than going for a house.

The reason why I said this is because a two million locked on a land for foundation is worse than a two million locked in Bitcoin, yes the things will get costly but your investment will grow.

There is a bigger chance that you will conveniently build a house when your investment is ripe enough that you channel all your energy in to building a house little by little, many will say I am wrong.

This is coming from what I am seen, many people are stucked after starting to build their houses, they can't find funds to keep the project going on, but if the whole money was in a good investment it would be a different story.

[Nightwatchmare]

The generation of today, is not longer interested in building houses for the now rather they are interested in looking for an opportunity where they can be seeing money every blessed day. Their goal is for them to build themselves to a stage where they will be financially stable, so that when they plan to purchase any housing property, they will purchase it with confidence without no fear of getting broke after they might have purchased the house.

And another thing is that this generation as become wise enough by investing their income where it can be yielding money for them, probably every week or month rather than investing it on a house.

[ZAINmalik75]

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?

No, that's not true. People are working hard to own a place. They even have to change their lifestyle and reduce their friend circle in order to save because that's the only way to save. The majority is not saving funds because they earn and spend it all on their daily needs, and they waste the rest to make themselves feel at home. But that's what they are doing wrong, that comfort is temporary because they are going to need those savings later.

Even if we don't have anything specific in mind right now, like if we already have a house or are living in our parents' house and they are not forcing us to own one etc., it does not mean we shouldn't save for ourselves. Always save for yourself because money is the first thing that helps you in any situation, then come your friends and family.

Always save because there are a lot of things that you don't even know you may need. A house can be one of them in certain situations, but those living on rent want to own a house so badly.

[WillyAp]

No, that's not true. People are working hard to own a place.

It always was like that. Most people don't know ho to save up.
Owning a house is a struggle.For people who know how to work the system it is easier. 

[Satofan44]

No, that's not true. People are working hard to own a place.

Bullshit. People are completely lazy and have never worked less than they do now. Working a regular job does not mean that you are "working hard", enough of this modernity bullshit. Most people slack off or do basic things at home after their work, that is not "working hard" to achieve something. Furthermore, the latest generations have a working capability equal to a newborn kitten -- they are completely useless and weak, what they call "hard work" someone with a work discipline considers children's play.

They even have to change their lifestyle and reduce their friend circle in order to save because that's the only way to save.

Having friends that only stay friends if you are spending money is pointless, those are not real friends. Anyway, having a small circle is always better than having a wide circle of useless retards. Most people on Instagram and similar platforms have hundreds or thousands of followers, not even 1% of those would do anything important for them if they really needed it.

It always was like that. Most people don't know ho to save up.
Owning a house is a struggle.For people who know how to work the system it is easier. 

Or perhaps also for people who are not mindless slaves of the system consuming any kind of shit that gets throw their way and then boasting online on Instagram about the "free" choices that they have made?  For every thing that we can find wrong about the current economy or monetary system, we can find 10 or 100 things wrong with the modern human. Therefore, the greatest issue lies in the personal responsibility of the individual. They get an useless degree and want to own a house, or they work in retail shops and jobs like that and complain that they can't buy a house. 

[WillyAp]

.
Or perhaps also for people who are not mindless slaves of the system consuming any kind of shit that gets throw their way and then boasting online on Instagram about the "free" choices that they have made?  For every thing that we can find wrong about the current economy or monetary system, we can find 10 or 100 things wrong with the modern human. Therefore, the greatest issue lies in the personal responsibility of the individual. They get an useless degree and want to own a house, or they work in retail shops and jobs like that and complain that they can't buy a house. 

Yes basically if you grow up with parents who don't show you how they struggled. How can it be different-.
People compare, that is a native reflex. and that is what leads to envy.
That apart in some places a house is good base to start, a drywall house in the US is not an investment but anything else.

[Issa56]

Well housing is cost though, but I think its a thing of choice. No matter how high a mountain is there are people who really willing to climb to the top , its better to build and own a house than to rent in long term and at the end of the day you don't have a house to call your own matters how small.

To build a house is now so expensive which I don’t really think it’s everyone that can afford to build their own houses in the current economy, but if you have the financial capacity, and you can afford to build a house, it’s better you do that, you don’t have to build something big, just have somewhere that you and your family members will be comfortable in. Their are lots of challenges in renting apartment, you will never be comfortable in a rented apartment, so it’s better you just have your own. Some people are waiting to be extremely rich so that they will be building something big, but if you are not so rich yet, you can build something small, and later you can build the mansion which you want and move there.

[slapper]

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.

House isn't something that you must do when you don't have the capacity, it's better to have or develop the capacity to invest most of your life on investments than going for a house.

The reason why I said this is because a two million locked on a land for foundation is worse than a two million locked in Bitcoin, yes the things will get costly but your investment will grow.

There is a bigger chance that you will conveniently build a house when your investment is ripe enough that you channel all your energy in to building a house little by little, many will say I am wrong.

This is coming from what I am seen, many people are stucked after starting to build their houses, they can't find funds to keep the project going on, but if the whole money was in a good investment it would be a different story.

Of course, your Bitcoin example will receive criticism, since volatility. The general principle, however, can be transferred to any asset class that is expected to rise in value. The principle is about what your capital does while you're not using it; concrete is inert, capital markets are not. It's in that differential over five or 10 years that the argument resides.

I keep thinking about the psychological dimension too. An unfinished house is more than a money trap. It traps your identity. You become “the person building a house” and all decisions you make go through that house, no matter how logical or illogical they might seem. But if you have your wealth in liquid form that's growing, you still have the power to adapt to change.

Those people who are going to call you wrong (and you know who they are) are mostly just protecting an emotional point of view that they've dressed up as a financial logic. Let them.