Owning a home is now a dream for all. However, the worsening economic situation has made it impossible for the younger generation to own a dream home.
Is this really caused by the real estate industry with price inflation that is not comparable to income? Or does this phenomenon occur because the younger generation does not motivate their dream homes to be their priority or their salvation?
Financial condition is improving and purchasing power is increasing
In fact, we believe that 70% of the population of Asia-Pacific countries, including Indonesia, is more established than it was five years ago. According to a report from Nielsen, Indonesians are considered to be more motivated and capable of shopping due to their improved financial condition.
However, Indonesian millennial spending focuses on maintaining the daily consumer lifestyle, rather than saving for a dream home.The soaring prices of dream homes tend to waste money on short-term entertainment such as vacations, as they are not worth the financial sacrifice needed. shopping..
Owning a home remains a priority
According to a report from IDN Times, having a dream home is a top priority for 54.2% of Indonesian millennials and is about the same as making parents happy. Young millennials are generally still in college or just working, but 56.7% make dream home ownership a top priority. Compared to the older millennials who have worked for a long time, 58% prioritize being good parents.
Currently, only 35.1% of Indonesian millennials have succeeded in owning a private home, the Dream Home. Recognizing the financial limitations of buying a dream home, credit payments are an option for millennials, young and old alike.
House prices soared and salary increases were relatively stagnant
In the real estate market, it's a good idea to consider the ratio of dream home prices to annual income. According to a report from Detik Finance, the ideal price for a privately owned dream home is a three-year total income that includes a 12-month salary, bonuses, and THR.
Only 5 percent have the financial capacity to own their own home, according to a report from a Millennial Rumah123 survey born between 1982 and 1995.Don't worry about dream homes like apartment The average price of elite homes, the cheapest homes in Jakarta, could rise by 125% in the five years from 2016. On the other hand, the increase in average salary is only about 80%.
According to a survey, only 17% of millennials earn more than Rp7,500,000 per month. Of course, this is of concern given that it actually costs only 1% of the Rp300 million homes and the rest are high-priced dream homes that millennials are unlikely to buy. I will.
After assessing the real estate industry situation and the lifestyle of Indonesians, especially millennials, some may lament the dramatic difference between the price of a dream home and the financial situation of an individual. But if you dare to prioritize ownership of your dream home over maintaining your lifestyle without thinking about the future, your dream home can certainly be yours.
Source : https://www.dekoruma.com/artikel/84339/infografik-realita-rumah-impian
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