"As far as Gen Y goes they will have the advantage that previous generations didn't, that is they will get inheritances where with older generation most stated out with little and few got significant inheritances."
I agree but think carefully about what that means.
The baby boomers own a very large part of the property pie and the shift of that ownership is already well underway through succession.
Easy come, easy go. Would they then cash in those chips? Instant gratification.