Absolutely; also, home ownership is tied to stability in employment, and anyone earning enough to make thirty years of payments on a home has forces scrambling furiously behind the scenes to either import “raplacement Americans” to do the work here or send their job overseas. Here in NJ the property taxes (thinly veiled means of funneling taxpayer dollars through the teachers’ unions to their political arm - the Democratic Party) are sufficient to keep the next generation (often earning low wages) from buying a home (or even a new car).
Property taxes are an abomination, people are beginning to realize that no one who is subject to property taxes can ever be said to really OWN real estate. Mortgage payments only purchase the right to rent the property from the county. Many who pay piti (principal, interest, taxes and insurance) in one monthly payment are probably very surprised to see how much they still have to pay every month after their mortgage is burned.