real estate long term trends

http://www.theglobeandmail.com/news/national/boomers-generation-had-everything-it-wanted-and-it-still-does/article2387987/

Please don’t resent me because I’m a boomer – although I wouldn’t blame you if you do. The government has made it very clear that the concept of shared sacrifice does not apply to my generation. Unlike people under 54, we boomers will get every penny of the Old Age Security benefits we’ve been promised, and probably all the health care, too. Think of how we’d squawk if they tried to lay a glove on us. We’re entitled to our entitlements!

Real estate was very good to us. In 1980, I borrowed some money from my mom and paid $95,000 for a decrepit house in Toronto’s up-and-coming Beach. Mortgage rates zoomed to 17 per cent. That was scary. But I got raises every year, and a combination of inflation and soaring house prices did the rest. Between the mid-1980s and 2008, we boomers enjoyed the most prolonged period of prosperity in modern times. By 2010, modest investments in Toronto real estate had made many paper millionaires.

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http://www4.hrsdc.gc.ca/.3ndic.1t.4r@-eng.jsp?iid=21

Government transfers are more important for individuals and economic families with low earnings, including retired seniors. In 2007, government transfers accounted for, on average, 45.7% of total income for economic families in the bottom 20% income group and 22.7% for those in the next 20% income group. For economic families in the middle 20% income group, 12.9% of their total income came from government transfers, while for the highest and second highest groups, government transfers represented 2.6% and 6.9% of total income respecfully[1].

Government transfers also accounted for a larger share of total income for unattached individuals than for economic families.

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D - so family income has stagnated. At the same time, real estate is much more expensive today to purchase, whereas houses have become an investment source for Boomers.

One can shrug and say well that is just private economic forces.
But we're dealing with public social spending right now.
And it can be summed up with Boomers get it and XYZers don't - or won't.