Bingo.Because $.
Proper furniture costs a fortune. For myself I normally hit up gumtree and get 2nd hand solid timber furniture from bored wealthy housewives who are redecorating. Same price as IKEA but better quality.
However, most of my compadres are firm believers in newer is betterer. Live in house and land packages in south Geraldton with a house that could be disassembled with an allen key in 3 hours.
They offer a brand new product at a second hand price. Everything else is irrelevant to most of the folk I know buying the furniture.
Your thought processing on this issue is spot on IMHO. In five years time you will probably enjoying the fruits of your smarter choices with a great property portfolio whilst your compadres will still be paying off shiny new cars with personalised plates and whopping PPOR mortgage etc and wondering how you did it.
Its true young people generally want new and now and after paying for their McDonalds and the latest smartphone the furniture they can afford is at Ikea.
Not that there's anything wrong with that. Just like your take on things.