Home ownership is unaffordable: How young people have to forego their dream of owning their own home

Home ownership is unaffordable: How young people have to forego their dream of owning their own home

Purchasing your own property is increasingly becoming a financial challenge for young people. The rising prices often require equity amounts of over 100,000 euros, which deters many young families. Jakob Werling, a 21-year-old law student, shares his frustration at the impossibility of fulfilling this lifelong dream. Despite a possible well-paying job, he doubts he will ever be able to afford his own house. Even foregoing vacations and saving rigorously will not produce the required amount.

Werling hopes for an inheritance that could make his dream of owning a home easier, but is hesitant to rely on his parents for financial support. He strives to be independent and achieve his own home through hard work. But given current real estate prices, his vision seems out of reach. The discussion about whether the conditions for buying real estate were better in the past than today divides the younger and older generations.

While younger people complain about the increasing unaffordability of real estate, older people argue that challenges existed in the past too. However, reality shows that many young families and individuals are faced with the high costs and requirements that make purchasing their own property difficult. The fight for affordable housing remains a key challenge that continues to drive debate about whether conditions were better in the past than they are today.