A similar trend is apparent in housing, where most people live in smaller homes than they did in the early 20th C, but this is mostly to matter of cost and location rather than materiality and technology. While many will always want larger homes with more space, space and location are not essentially demands for materiality. With such a premium placed on space and location, generations X, Y, and Z are therefore looking to economize on housing and substitute expenditures on experiences, including travel. A portion of housing demand remains a demand for status, a relational demand.
