The equity issue--and the challenge for polices in a range of years--is not simply of one fortunate generation versus another. It is about the advantages of the better-off half of baby-boomers compared to_both_ poor baby-boomers and to those members of younger generations who do not stand to inherit. It is one thing to be one of a small number of grandchildren of owner-occupiers living in the South East of England, and quite another to be one of a large number of grandchildren of tenants or even of owners in parts of the country with low house prices.