Depends on a person. My DD bought herself Cartier Love Ring this year. It $$$ item but she wanted it for a long time and with money she is earning can afford it. One can argue that she should have been saving for down payment, but she does that as well.
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Our S is single for now so I doubt he’s thinking about saving specifically for a home. He is saving and investing heavily so I don’t think $$ will be an issue if he wants to purchase a home in the future.
As for luxury purchases, he sees those as investments as well - Armani sports coat that will last, McIntosh audio gear that lasts as well.
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Mine doesn’t buy anything luxury, she stayed at Premier Inn when she was in England recently.
But I’ve been warning her about the upcoming recession since the end of 2021, so she has accumulated a large emergency savings. Her friend also has a large savings, he recently paid cash for a car. He still has large savings after that. If a brand new car is considered a luxury item, then it qualifies.
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Had no idea it was considered fancy/expensive. Lol. We ripped the system that was tied into our whole house speaker system that the previous owner installed. I think my husband keeps his e-chainsaw collection on top of some of these boxes in the garage. 
The above is not exactly off-topic. While we would not have bothered to sell the audio equipment, there is a robust market for used luxury goods. According to my anecdotal knowledge, it is the younger folks that fuel that market: they use resale sites to get some value out of their gently used bag, dress, watch, etc. to update to a newer version.
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Same. My son is easy to live with, and we see no reason for him to leave unless he wants to. Save, save, save….he’ll never get to do this again when he moves out. I think it also makes him nervous because he doesn’t ever think he’ll make tons of money.
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I don’t think this is a “new” phenomenon, if we look at a longer historical view, although not as common for us or our children. My parents (part of the 'great generation") lived with my grandmother for 7+ years before affording their starter home. They shared a small two bedroom - one bath home. I don’t know how common that was at the time in the US, but I thought young adults in the EU also lived at home longer than USA? https://www.usnews.com/news/best-countries/articles/2016-10-05/countries-where-the-most-young-adults-live-with-their-parents
DD also very frugal,and saving for a starter home. But the bar keeps rising. By the time she saved enough for 20% down, the home prices increased beyond her savings. Now interest rates have far outpaced any increase in income. Still not spending on luxuries, however.
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Or do you mean the younger folks are providing the market on the buy side, meaning that they spend less money buying used luxury goods than they would buying them new?
Maybe she needs to invest in a Wall Street hedge fund that is buying up all of the starter homes to turn into expensive rentals in order to “force” those who would otherwise be starter home buyers into continuing to rent and feed money into the hedge fund.
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I accumulate nice watches. They come and go. I almost never buy new and that saves me thousands of dollars.
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Actually resale value on Rolex is higher then new prices in many cases
Correct, but coming back to Earth, and now Rolex has entered the “certified pre-owned” marketplace themselves.
On the sell side. 
Trading their gently used 2022 Manolos in so they can get a new 2023 pair. 
Lol. My S is looking at a vintage Patek Philippe watch as we speak. I keep telling him people in his generation don’t use watches. He just rolls his eyes……
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Not this generation, I don’t wear a watch for years.
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My 22 year old loves his graduation watch. My 19 year old has already called dibs on my dress watch. It depends on the person I guess.
My 22 year old wears a Garmin Tactix 7 Pro most days, and on duty. It’s expensive. Some may consider it a “luxury,” but it’s a tool for him.
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Seems like many use pocket watches (mobile phones) or fitness tracker watches.
When my kids were in high school, both are now in college, I couldn’t believe how many young adults in the neighborhood still lived at home. Not much has changed over the years. Seems like more males than females and many are over the age of 25.
A good friend has 2 sons who didn’t go to college living at home, both driving cars much nicer than any I’ve ever owned!
I fully expect my son who graduates in December to live at home for a bit (I’m fine with it!) but he is the ultimate saver and not into anything luxury.
Interested in hearing replies to this. I put luxury cars and travel in this category even though travel is an experience rather than a durable.
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Yeah, but at this point, he’s there willingly.
And we as a nation are grateful.
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What?? So there’s a trend with 25 year old GROWN adults living with Mom and Dad. And they’re skipping buying a house, so they can buy luxury goods…while living with Mom and Dad? Am I the only person that thinks this is a TEENY-TINY bit unhealthy? Forget the house…how about using that disposable income to rent an apartment and pay your own (censored) bills? If you can’t afford to live in Seattle…there are 49 other states to choose from, most of which are much cheaper than Washington!
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