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If you could put that 20% on a loan, not a bad idea?
The way house prices are going though many adults cannot move out as rent is too expensive. It's getting bad in some parts of NL and England too.
So if the parents die and they have to sell the house but cannot buy/rent anywhere it's really a bit shit.
At some point my parents die. We bought. My brother hasn't a chance (Amsterdam is £££) to buy without a lump sum.
So a 100 inheritance tax means he gets nothing which is a bit shit...
Obviously solution is far more housing but that's going "well".
JWestland-
This is the issue though isn't it - it becomes really chicken and egg. Demand continues because some people have made enough on property that they can fund children's House purchases / leave big inheritances - that then contributes to prices being high, prices are high so more and more people feel they need to be able to do that to help, the cycle continues...
Not easy to see a way out tbh
andyfallsoff
I was just thinking that. If there was a way for every estate to pay 20% without exception, that would be a lot better than the current situation.
Need to sell the home you inherited to pay the 20%? Tough fucking shit. Maybe exceptions for bereaved spouses.