[underwater]

This data is sketchy to say the least.

The chart showing home ownership rate is broken down by "generation" but each cohort becomes skewed towards older members of that group as we move towards the present. If you look at boomers and millennials at age 25 that's a fair comparison. But if you compare boomers and millennials at age 40, you're now comparing all people born 1946 to 1964 (18 year range) against just the millennials born 1981 to 1984 (3 year range). This group of older millennials were in their late 20s when house prices tanked after the financial crisis and in their mid 30s by the time home prices started rising dramatically in 2020. This selection bias means if there is an overall downward trend in home ownership, the boomer line will stay fixed but the millennial line for ages 28 to 43 will move down next time the data is analyzed. This is almost certain to happen.

The second bit of fudging that's going on is that this chart is looking at home ownership. But a home is not a house. Millennials and Gen Z are more likely to buy an apartment than previous generations. It's not fair to say that a boomer buying a free standing house is equivalent to a millennial buying a two-bedroom apartment. The quality of life and the opportunity for capital gains are much lower.