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Topic: Will they ever be able to afford a house? (Read 961 times)

hero member
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Leading Crypto Sports Betting & Casino Platform
January 25, 2024, 07:31:49 PM
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.
sr. member
Activity: 1344
Merit: 311
January 25, 2024, 05:11:11 AM
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.
member
Activity: 125
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January 25, 2024, 12:41:27 AM
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.
sr. member
Activity: 1078
Merit: 401
January 22, 2024, 10:10:20 AM
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.
full member
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January 22, 2024, 04:34:11 AM
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.
hero member
Activity: 1050
Merit: 587
January 22, 2024, 04:22:48 AM
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.
hero member
Activity: 1694
Merit: 516
January 22, 2024, 02:50:53 AM
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.
sr. member
Activity: 1512
Merit: 418
January 19, 2024, 02:56:23 PM
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.
hero member
Activity: 2898
Merit: 597
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January 19, 2024, 12:30:58 PM
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.
hero member
Activity: 2506
Merit: 576
January 19, 2024, 11:21:33 AM
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.
hero member
Activity: 1423
Merit: 504
January 19, 2024, 10:48:44 AM
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.

hero member
Activity: 2660
Merit: 509
Leading Crypto Sports Betting & Casino Platform
January 19, 2024, 09:07:37 AM
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.
legendary
Activity: 1904
Merit: 1096
Leading Crypto Sports Betting & Casino Platform
January 19, 2024, 08:42:37 AM
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
hero member
Activity: 1302
Merit: 714
January 17, 2024, 09:26:57 PM
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.
hero member
Activity: 2660
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Leading Crypto Sports Betting & Casino Platform
January 17, 2024, 08:20:24 PM
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.
hero member
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January 17, 2024, 12:34:11 PM
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.
hero member
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January 16, 2024, 08:38:07 PM
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.
hero member
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Leading Crypto Sports Betting & Casino Platform
January 16, 2024, 07:27:52 PM
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.
sr. member
Activity: 364
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January 16, 2024, 05:52:52 PM
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.
legendary
Activity: 2296
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January 16, 2024, 12:06:25 PM
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.
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