About half of American millennials own homes, based on a quick Google search. I agree it’s bad for far too many younger Americans, but they also aren’t a uniform bloc all facing the same material conditions.

Possessing this or that particular stake in the status quo was not the essential point. The point was that having any stake at all tends to deradicalize people over time. This is all the more true when someone’s anticapitalism has no leftist theoretical basis or social organization.