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We need a housing policy reset, the OAPs shouldn't have the majority of their retirement assets tied up in a 1.4M illiquid house. They need an affordable off-ra
by bdndndndbve 2y ago
We need a housing policy reset, the OAPs shouldn't have the majority of their retirement assets tied up in a 1.4M illiquid house. They need an affordable off-ramp to downsize, and we need to build more affordable housing to deflate the market. This is wildly unpopular because lots of people are already over-leveraged trying to get onto the property ladder, but objectively it's the correct course to start to unfuck things.
The purpose of a house or apartment should be shelter for a family, not a retirement plan or an investment for a corporation.
- ghusto 2y agoOkay Mao.
- fragmede 2y ago> This is wildly unpopular. Case in point. No one's suggesting confiscating anything, yet some people can't contain themselves at the suggestion that maybe housing policy is broken.
- ghusto 2y agoThe policy of people paying for homes then keeping those homes, even when, gasp, they get old?! Demanding that older people "downsize" is a policy, and not one that's very savoury.
- KaiserPro 2y ago> more affordable housing to deflate the market hard yes > affordable off-ramp to downsize, I mean yes, but the hidden cost is moving outside of your support network. Downsizing is often very lucrative.
- avianlyric 2y ago> I mean yes, but the hidden cost is moving outside of your support network. Downsizing is often very lucrative. If we had a sensible housing policy, it would be possible to downsize within your local community. Towns and villages would be made up of a good mix of different types of housing, for different parts of life. Then people could move into appropriately sized houses without having to leave their support networks.