Yeah this might be exagerated. I'm also being very "armchair social scientist" about all of this, but I have heard this narrative multiple times.

It's very likely I'm falling into the trap of the compelling narrative that matches a worldview, but I used to not have this worldview...

There are so many stories that ultimately end up with some narrative like "people with $2 million homes don't want to let other people have $200,000 apartments", and reading that over and over makes me pretty jaded about prospects.