this post was submitted on 19 Jan 2026
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Ok. Under young I meant < 35 yo. Anyone <21 are just kids, no one expect them to make long term financial decisions. By 35 you should set on the trade and have decent salary. My observation comes from observing "young" guys in IT. Shiny iPhones, but no though about house.
Dude. You're spouting iphone line? seriously?
A new phone on a plan costs less over a year than one months rent. Get that into your head.
Is “new phones” the modern “avocado toast”?
A lot of the younger generation has given up on home ownership. If they saved their ‘shiny phone’ money, it still wouldn’t put a scratch on the increasing price of buying property. The phone might not be a sound financial decision, but it’s the only joy and control some people can get.
And coming from a ‘young’ guy in IT with a 5 year old phone (that replaced his 10 year old phone when it completely carked it): it’s not the phone that’s making it hard for me to buy a house.
Shiny new iPhone i think he wrote 😉 It's something I've noticed too. People buy the shiny phones, then the head phones, then the screen, the laptop, the glasses, the cloth; spending thousands of dollars in the process. Multiply that each year, as many do, and there is no savings. Nothing growing at all in their accounts. That growth long term can put a deposit on an apartment or a outer suburb house.
Smart kids get jobs in the field that give them free phones and sometimes cars. Bonus points if its a unionised position.
That's a very big generalisation though right; just some blokes in IT with shiny phones.
And, further, even if they stopped getting new phones, that's hardly going to equate to a 5, 10, 20% deposit on a $500k studio apartment. Maybe it's not that they're lazy, maybe they've just given up.
And with AI muscling people out of that industry, can you even blame them?