The chickens are certainly coming home to roost now though. It's got to the stage where solutions that were once considered radical (huge social housing programs etc...) are now considered a necessity and are even being flirted with by the right. It does make you wonder where this desirable "middle ground" actually is now when you consider the pressures being put on people who were once immune to them... and I'm not just talking about housing.
I understand your point about house ownership but it's telling that we automatically equate people bettering themselves with something tangible. Call me naive but shouldn't we be aiming for something better than that?