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would it not just cause economic chaos? what is more baffling to me is that as people in our generation are not as regularly living as couples leaving huge amo
by gaspoweredcat 10y ago
would it not just cause economic chaos?
what is more baffling to me is that as people in our generation are not as regularly living as couples leaving huge amounts of people either stuck sharing a house with strangers or living with their parents into their 30s that there is not a push towards more reasonably priced single bed flats and studios etc yet every building development here is 2, 3 and 4 bed houses.
more so many of us dont need the space we used to, i live in a 2 bed terrace myself and the vast majority of it is dead space. all i really need is somewhere to cook, somewhere to wash and somewhere to sleep, my laptop handles most everything else so i dont particularly need much space to store things. id move somewhere smaller if i could but in many cases smaller places are actually more expensive
im not sure id actually want to own a house either, it can become an anchor, if i want to move right now all i have to do is give notice and leave, if you own then you cant really move until you have managed to sell your current home which may well not be as quick as you want/need.
id argue a better solution would be to allow only one loan on a property per person, ban buy-to-let mortgages, or restrict them to being no profit, the owner is already getting the mortgage paid for by the tenant so theyre basically getting the house free anyway