To be fair, mostly the homeowners of that generation scrimped and scrimped and saved for their productive decades to get their home. Without holidays, iphones,

To be fair, mostly the homeowners of that generation scrimped and scrimped and saved for their productive decades to get their home. Without holidays, iphones, food delivery, cafe coffees, gap year, 'finding myself', international travel etc. That generation (of which I'm not part, but have taken the time to hear the stories of) lived week to week scraping by on bare subsistence living so they could pay the mortgage, with interest rates of 7-18%. So they strove and sacrificed for the defining decades of their life for that equity, and of course they want to keep what they worked and sacrificed so hard for.