Homeownership among young individuals in China is decreasing due to shifts in wealth perception, social psychological changes, and microeconomic factors. Unlike past generations who associated stability with owning a home, contemporary youth prioritize quality of life, opting to rent instead. Influenced by cultural concepts like "over-competition" and "lying flat", young Chinese individuals now value personal fulfillment above material acquisition. Moreover, unstable job markets and the strain of housing policies deter them from committing to property ownership, contributing to the rise of the "renting generation".