Firstly, and unsurprisingly, housing ownership and housing wealth are not equally distributed across the cross-section of households. Secondly, fewer young people are home owners now than previous cohorts at the same age. This is partly about demography. If it were purely a story of people being priced out, other outcomes would be different. Finally, concerns about access to appropriate housing aren’t only about ownership.
We should also think about how housing is experienced, including security of tenure. One issue of inequality that generates a lot of public discussion is whether people can purchase their own home. Housing affordability is clearly a concern more generally, because adequate shelter is so important to human welfare.