“ Finance Minister Srimulyani Warns of Housing Affordability

Crisis for Gen Z in the Future ”

Finance Minister Srimulyani raised concerns over the prospect of Generation Z
facing significant challenges in purchasing homes in the coming years, citing
escalating property prices and economic trends.
In a recent address, Finance Minister Srimulyani expressed her apprehensions
regarding the ability of Generation Z to enter the housing market amid soaring
property prices. She highlighted that the current trajectory suggests a potential
affordability crisis for this demographic, as the cost of real estate continues to outpace
income growth.
Srimulyani cited various factors contributing to these concerns, including the
competitive nature of the housing market, limited affordable housing initiatives, and
the broader economic landscape. As property values continue to rise, especially in
urban areas, young individuals and families may face challenges in realizing their
dream of homeownership. One of the reasons Gen Z is not able to own a house is:
First, Gen Z is not yet financially capable: Meanwhile, another 24.9% said they were
not able to buy a house due to financial factors and were not yet able. paying
mortgage installments: Survey results show that 10.49% of the millennial generation
cannot afford to own a home. able to pay mortgage installments.
The Minister of Finance emphasized the need for collaborative efforts between
the government, private sector and relevant stakeholders to design sustainable
solutions. Proposed measures include the development of affordable housing projects,
financial incentives for first-time home buyers, and initiatives to improve overall
economic prosperity.
Generation Z, often burdened with student loan debt and faced with a rapidly
changing job market, is at risk of falling off the property ladder. The Minister of
Finance urged policy makers to consider innovative approaches to tackle this
problem, so that young people can own a home in the future. The issue of housing
affordability for Generation Z requires immediate attention. Future policy decisions
will play an important role in shaping the accessibility of homeownership for young
people.