So you're saying that it's hypothetically everyone then? I say hypothetically because the U.S. is only partially a free market (i.e., not a free market), and so that makes any appeal to the "free market" hold little water.

In what way is the increasing ratio of rent to income working for renters?

The government is a monopolist land owner that hands out new land at prices designed to please existing private land owners and lobbyists. This is as far removed from a free market as an absolutist monarchy.

Prices are set by the government via zoning laws, sky high prices for new land and importing millions of new people like in Europe.

Where those in power comfortably sit in inherited properties and wonder why the plebs does not eat cake.

I believe in the free market, but the housing market is not free.

That's quite different from setting the prices.