It is really strange to read complaints that the vast vast majority of 20 somethings have no chance of competing against older established households in the housing market.

I would hope so, otherwise that would mean the country/locale is so bad that older households are packing their bags and fleeing.

So the most desirable properties, such as large SFHs, townhouses, penthouses, etc… within a short driving distance of an attractive city will likely be owned by the latter, by definition.