It's more that it only affects poor people, regardless of age, and they really don't care about poor people.
Young rich people are doing just fine.
I'd certainly like to believe I'm above the 50th percentile of incomes for my age, and I'm struggling to bring the costs of living to under 75-80% of my take home income. Given many young people aren't as fortunate as even I am I feel like there's a very large portion of the coming generation for whom owning a home will never be a reality.
Correct. I can't find the exact news article I read it, though this one shows the trend [0]. The most recent HILDA report shows that over 50% of < 30s in Aus will never own a home