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When I was that age, I was flat on my ass broke.

Posted by ghost of olddude55 on July 17, 2021 at 07:50:22:
"Waking up" was irrelevant. I had a mortgage, two kids, no steady work. I was economic cannon fodder in the first round of de-industrialization. Took it up the ass so that a lot of rich guys could get even richer. Bigger yacht, more exclusive golf club, that sort of thing.
I've been lectured again and again and again, if I had just taken $5,000 and invested in the NASDAQ in 1986, I'd be sitting pretty. But if I had $5 left when payday rolled around, that was a good two-weeks. And of course, not only would I have needed money I never had, I'd also have needed to be clairvoyant.
Today, on top of the mortgage--if they can even afford one--young people have student loan debt. They need four years of college just to make about what I earned in 1981 adjusted for inflation, natch. Both parents have to work, which means daycare, which costs nearly as much as another mortgage.
"Waking up" in this case means living with your parents until they die and (hopefully) inheriting the house, never get married, never have kids, never go on vacation. In another few years, you'll be able to add "never buy a car" to that list. Or maybe they should wake up and start voting their own pocketbooks instead of cultural bullshit that doesn't put food on the table.
You want average people to save for their own retirement, that's what it's going to take.
If you want to fix housing, it has to be done on the local level where zoning laws are written to keep housing at a premium.