I am convinced that if things keep going the way they are going, the average person will not even be able to fathom traditional home ownership.
The vultures of wall street and speculators have turned the housing market into nothing different that the dot.com era all over again.
As baby boomers age, you will see more and more three income homes. The last 30 years we saw the two income family become normal. The 40 year mortgage and the third income will keep people in ownership.