Only about 26% of Americans own their homes, 40% are paying towards eventual ownership through a mortgage even though they are called “homeowners”. Because of the nature of this system the demographics of who outright owns their home is skewed heavily towards Boomers and Gen X. Millennials are more likely to be drowning in a mortgage, and Gen Z is rapidly falling behind in their ability to gain entrance as elder generations refuse to downsize into homes better suited for their needs, turn their properties into passive income generators, and when housing does reach the market is purchased by private equity.