2 doesn’t work, because your parents will functionally sell off their house to generate funds to pay for an assisted living facility, or all the medical debts they incur in old age.

You may technically still inherit the house, but you’ll also inherit all the reverse mortgage payments.

Sure, there will be exceptions to this, but in general?

Poor millenials and zoomers are going to stay poor and get poorer.

They largely will not be getting a generational inheritance or wealth transfer.

Every article you read about a generational inheritance also neglects to mention that half of the wealth that is supposedly set to be by millenials/zoomers, from boomers, is concentrated in the hands of about 1% of boomers.