All true... in addition... just some anecdotal evidence on what may be a different mindset now, vs. two to three decades ago:
Both my father (now retired) and brother are real estate brokers and they've both mentioned something that is different about how young people now approach the purchase of their first home as opposed to 20 to 30 years ago. Back in the 80's and early 90's, young folks were usually just grateful to be able to qualify for their first home purchase. They looked at the home that they were purchasing as something with potential... they envisioned improvements that they wanted to gradually make as time went on and as they might be able to afford the expense associated with improvements... a new kitchen... new landscaping, carpeting, painting, etc..
From about 2000/2001 on, young buyers looked at a home and if it didn't have granite counters and new stainless steel sinks in the kitchen, new paint, carpet and the sort of improvements that the previous generations of first-time buyers made over time, they aren't interested. Mind you, these aren't wealthy first home buyers, they are about equal in income qualification. The difference is they want it all and they want it now. A sense of entitlement? I don't know, but one could probably extrapolate it out to how they conduct other aspects of their financial lives.