Owning your own home

But I think we have different understandings of "elite" - to me middle class, by definition, isn't elite, even if it's still out of reach of lots of people. I don't think your or my backgrounds are relevant, but I don't actually know whether elite is a relative term or not. London is expensive whether renting or buying, so I guess we're all part of the global elite. First world problems etc.

Exactly. For me anyone who can afford to eat enough every day is part of very rare and privileged group on this planet. I'd count almost everyone in the UK as being part of that elite. Then anyone who has a roof over their heads. Then people who afford to buy. Then those who can afford to buy in London. Etc. It's a sliding scale.