We're basing this all looking at boomers (who earned far more relative to costs compared to us) and British upper class (that were spoon fed everything) but what if you busted a gut to buy a place then managed to buy another one maybe forgoing pension contribs or something? Why should you be forced to sell the first if that was your plan for retirement cover? I'm all for fucking off 'buy to let' stuff but there's no way I'd vote anything in that would screw me on my long term investment. Same as my old man - earned relatively fuck all as a teacher but was super tight his whole life and instead of paying my rent he bought a flat in Melbourne and I rented it off him. I can't see him fucking that off (and besides, I want it). :)
Because housing is a bad investment - for society and for the individual and it’s mildly obscene that shafting people still working is seen as a valid retirement plan.
We're basing this all looking at boomers (who earned far more relative to costs compared to us) and British upper class (that were spoon fed everything) but what if you busted a gut to buy a place then managed to buy another one maybe forgoing pension contribs or something? Why should you be forced to sell the first if that was your plan for retirement cover? I'm all for fucking off 'buy to let' stuff but there's no way I'd vote anything in that would screw me on my long term investment. Same as my old man - earned relatively fuck all as a teacher but was super tight his whole life and instead of paying my rent he bought a flat in Melbourne and I rented it off him. I can't see him fucking that off (and besides, I want it). :)