I don't know about owning a house, but in the past, housing and renting were much much cheaper compared to average wages. So in the average small to mid-size town, a guy flipping burgers 40-50hrs a week could live in an apartment with a functional car, on a pretty basic wage. Now rent could be 60-70% of his wage alone, plus the other basics, there is nothing left.
Income inequality and wealth concentration are pricing below average folks out of the basics, which is a society problem, but it seems too much of the population is too greedy or brainwashed to see and address the underlying issues. Capitalism is good but it needs some tweaking to get more people benefiting, even those with below average abilities.
With more productivity than ever, it would make sense that there is more wealth to share? But right now it seems to be the opposite is happening?