For these reasons and many more saving early on has become a necessity if you want to thoroughly enjoy your golden years.

People are being forced to pay a greater percentage of their income towards rent which reduces their ability to pay for other necessities and raise capital for their own home.

Aside from an abundance of pizza, lawyers, mortgages and insurance, there is no more than 1 of anything and 0 of many necessities.

Approximately 13.5 million households are "renters by necessity".Workforce housing (low/median earners) has brought in $375 billion in investment over the last five years.More than 51% of the total for all multifamily asset classes.Despite this investment, only a "small" amount of workforce housing has been built in the last 10 years, with investors usually opting for luxury rentals. 

@Melissa Robles, sorry, but air conditioning is not a necessity in any municipality that I know of, It's not like heat or water.

@Philip GanzRadiant flooring is not a necessity.

Talking to people is a necessity.

A good property management firm is a necessity for me no matter what type of property it is.

Honesty to the point of brutal honesty is a necessity in this business, where so much is on the line.

To me, it seems like a luxury and not a necessity.