"My parents bought their first house in 72 when they were 19 & 21. That's unheard of now. Every stick of furniture was second hand and they didn't have a TV for the first six months. People nowadays wouldn't accept living like that."
I don't mean to be unreasonable, but they really would. I can guarantee you, if you offered a mortgage with second hand furniture and no tv for 5 years, most youngsters would leap at the chance. I definitely would have done.
There's a lot of them living in one small room or a tiny flat with second hand furniture, working full-time hours, unable to ever own a house and still not making ends meet.
The TV is completely incomparable - people have to have internet access/phones just to survive, apply for jobs, work etc in today's world.
The reason people buy nice things now (I'm still of a generation that couldn't) is because, if owning your own home will never be on the horizon, then why not live as nicely as you can in the present?