3 ms·
well its more nuanced than that. If you had a right to buy house, (a house built and rented for low income workers by the local governemnt) then you would have
by KaiserPro 5y ago
well its more nuanced than that.
If you had a right to buy house, (a house built and rented for low income workers by the local governemnt) then you would have benefited equally in the property boom: ie bought your house at a discount in the 90s/00s and now its worth 10-50x what it was before. Unlike in the US where "projects" are still worth shit all, it is quite egalitarian.
Mortgages don't take into account your race in the UK, unlike the states.
Once you _own_ a property, its price rises uniformly, so in that sense it is.
However access to owning a property is not egalitarian.
Property is ~10x the average wage, and new builds are low quality, poorly built and more expensive. There are no incentives to change any of this yet.