Is homeownership still a realistic goal for younger generations?

Context

Homeownership has long been considered a cornerstone of wealth-building and financial security, particularly in developed economies. However, rising property prices, stagnant wages, and tightening lending standards have made down payments and mortgages increasingly unaffordable for younger generations, forcing many to delay or abandon homeownership entirely. This shift has profound implications for personal wealth accumulation, family formation, and economic inequality.