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I observe that my parents still live in a five bedroom home they purchased in the 1980s. This is not uncommon where I live. As the next generation moved out, th

by ttul 3y ago

I observe that my parents still live in a five bedroom home they purchased in the 1980s. This is not uncommon where I live. As the next generation moved out, they couldn’t find housing because their parents never left. In areas like where I grew up, it’s a ghost town of under-occupied monster homes and shuttered schools. Time to roll out some tax policies designed to incentivize the old to move along and free up space for the young.

nslm 3y ago
When you look at the rates of home ownership by age, I suspect you're correct: https://www.statista.com/statistics/321065/uk-england-home-owners-age-groups/ https://www.statista.com/statistics/321065/uk-england-home-o... https://www.statista.com/statistics/321097/distribution-of-home-owners-in-england-uk-by-type-of-home-financing-and-age/ https://www.statista.com/statistics/321097/distribution-of-h... Over half of homes are owned by those 55+, and the vast bulk of them have either paid off their mortgage or don't have much left. Statistically, the vast bulk of those home owners will either be landlords, adults without kids, or parents who's kids have left home. While I think we should be very careful applying things like taxes which can be seen as actively "punishing" folks who've worked hard and paid off their mortgages. It's important that those people need to understand that they're actually causing housing problems for the generations below them, it's not the younger generations having "unreasonable" expectations, it's their generations distorting the markets.