"Wealth of people in their 30s has halved in a decade"

From the BBC.

The IFS has crunched the numbers and confirmed what we knew all along - that the changes made to legislation on the housing market over the last few decades have really had the desired results over the last fifteen years or os, the desired result in this case being to f--- over future generations and enrich existing large landowners and banks.

Most owner-occupiers are superficially also winners in this, because "their homes have gone up in value" but that's illusory. It's purely paper gains and unless you own more spare homes that you have children, your family on the whole will end up worse off.

All this "bank of Mum and Dad" stuff illustrates the point. In most cases, Mum and Dad have to take out another mortgage to lend to their kids, on top of the huge mortgage the kids have to take it. So the family has approx. the right number of houses but massive great big debts.