Nope, I would bet a lot of these people had the means to gift their kids a nice down payment for their first home. That's why the best indicator of where you end up financially is where you start.

downpayment doesn't get you out of the hole -> you are still on the hook for decades, to keep sinking the majority of your earnings into that house. That's money lost to productive economy, and money lost to you.

They want their children to rule in hell rather than serve in heaven. Not the wisest deal ever struck.

Well, if we're doing pseudo-philosophical soundbites, then hell is other people.

Better to rule than be ruled. At the very least it gives you a bigger safety net when you fall out of power.

That is how you get in the mess in the first place. You are scared of being ruled by other people who are scared of being ruled by you.

A true acracy, i.e. a classless society, is never even considered.