This is one of those areas I think both sides have a point. In many areas housing is incredibly and unsustainably expensive and that has to change. On the other

This is one of those areas I think both sides have a point. In many areas housing is incredibly and unsustainably expensive and that has to change. On the other hand you're right that many in our generation have absolutely no concept of saving, many of those wouldn't have been able to buy a house in any era and many didn't. And it does seem to be people with iPhones that fall into this category, it's rarely just the iPhone, it's the type of person that will buy premium brands for everything. There's also a third branch, many that need a reality check on their expectations. They need to get used to living in a small apartment because they should never expect to be able to afford a large house close to a major city.