Up to a point. There isn't infinite supply of purchasable real estate and that portion which is available to hopeful homeowners is dwindling. You can hardly blame someone for not buying something that someone already owns.
When I start my first job, I had no money in bank. My monthly earnings were $500. Guess what? I drove a 10 year old Jalopy and lived in a romming house with 1 room and a shared bathroom. I was saving half of my wages! When I had $5000 saved, I bought a condo for $25,000 with $5000 down. This was in 1970. Once my condo was paid off, I sold it for a profit and upgraded to a house and repeated this process of upgrading. After owning firsts residence, life becomes easy.
Problem with most young people is they want to spend all their wages and live the best lifestyle possible. That makes them permanent renters.
People often suffer from tunnel vision.
If you have ever taken a road trip ANYWHERE or flown a plane ANYWHERE, you would know that there is land EVERYWHERE. Expand your search area.
Young people often make the mistake of looking at older people and assuming they always had what they have now. When the truth is, I started out living in a 700-square-foot apartment, with no furniture. I remember breaking down and buying my first two chair (so I would have somewhere to sit.)