It started with the Greatest, then the Silents took it over.. the boomers were set up to be damaged goods by having every single progressive hero they had get assassinated, had NO chance of building equity in the stock market OR in savings (both options had criminally low returns on investmants from the late 60's to early 80's) so the only option they had was housing..
(Right now, it's the millennials who are on the cusp of stepping into the greatest earnings potential)
Where it's gone off the rails is the untaxed wealth of the billionaires being used to snap up housing via private equity, and of course, decades of hyper refined foods taking their toll on the health of the retiring boomers - who are selling their homes TO private equity in order to cover obscene medical expenses. (this is why we can't get a single payer system.. the boomers still have lots of capital for the private market to extract, because it's always been and will only ever be about maximizing profits..)
Been watching this shitshow unfold since 1980. Welcome to the party.