The fundamentals of property ownership have indeed changed. Back in the day (1970s?) low-income households were eligible for special low interest rate and low d

The fundamentals of property ownership have indeed changed. Back in the day (1970s?) low-income households were eligible for special low interest rate and low deposit mortgages from a government entity. Tax laws have also changed considerably also since then to make legal vehicles like trusts very advantageous for owning property. Finally, in the same era the central government and local governments were big landlords with the majority of the market between them.