No, land is a tool to make future generations be in debt to past generations. No sane person would give up their power. Only insane people who want everyone to succeed actually step down after they had their turn.
Of course some millennials will enjoy a windfall when mom and dad eventually downsize. Not all, by any means - but some.
I hope you're lucky enough to have some house-rich parents! It's always good to be an aristocrat!
Without holidays, iphones, food delivery, cafe coffees, gap year, 'finding myself', international travel etc.
That generation (of which I'm not part, but have taken the time to hear the stories of) lived week to week scraping by on bare subsistence living so they could pay the mortgage, with interest rates of 7-18%.
So they strove and sacrificed for the defining decades of their life for that equity, and of course they want to keep what they worked and sacrificed so hard for.