> People these days don’t own real estate. Wealthy people own it all. Normal people are renting apartments or portions of homes.
If you look at a graph of home ownership in the US by cohort at various points in time (see, e.g., https://www.census.gov/library/stories/2018/08/homeownership...), while the rates are somewhat lower, between the highest point and the lowest point the difference is at worst 10 percentage points.
This sentiment strikes me a lot more as people in their 20's complaining that they're poor because they don't have the financial resources of someone in their 40's, despite having more resources than the latter did at their age.
If you look at a graph of home ownership in the US by cohort at various points in time (see, e.g., https://www.census.gov/library/stories/2018/08/homeownership...), while the rates are somewhat lower, between the highest point and the lowest point the difference is at worst 10 percentage points.
This sentiment strikes me a lot more as people in their 20's complaining that they're poor because they don't have the financial resources of someone in their 40's, despite having more resources than the latter did at their age.