As someone in this age group it doesn't surprise me in the slightest. The poor people I know can't afford a down payment of any sort/aren't in stable enough job

As someone in this age group it doesn't surprise me in the slightest. The poor people I know can't afford a down payment of any sort/aren't in stable enough jobs to take on a mortgage. On the flip side the well off individuals I know can't really afford to tie themselves to one location especially in their 20's when they're likely to change jobs several times and potentially be moving all over the country. Sure you can sell the house but you take a financial hit on closing costs unless you luck out and the house substantially appreciates in those few years you own it.