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The pensioner who can't afford to move to Florida is now staying in their nice big family home, instead of selling it to a young growing family. Also that pensi
by benj111 4y ago
The pensioner who can't afford to move to Florida is now staying in their nice big family home, instead of selling it to a young growing family. Also that pensioner may now be a drain on the state, so it isn't a simple choice.
I don't disagree with your broader point though. This (high house prices) is basically a massive transfer of wealth from the young to the old. Unfortunately the old are the ones that tend to vote, so the politicians won't fix it. But until the young as a class do start voting, I don't think it reasonable to blame the old and the politicians for the problem, this is democracy in action.