The article discusses the stark housing wealth divide in the UK, where those over 60 hold a significant majority of property wealth compared to younger generations. It touches on various perspectives regarding this divide, with some attributing the situation to historical policies that incentivize homeownership as an investment. There are calls for changes, such as stricter taxes on second homes, while others highlight the role of planning failures and public mismanagement. This ongoing debate reflects broader concerns about economic opportunity and homeownership accessibility for younger people in the UK.
"Homeowners aged 60 and over hold more than half of the UK's 2.89 trillion in owner-occupied property wealth, while under-35s own just 6 percent."
#housing-wealth-divide #generational-inequality #homeownership #economic-policy #investment-properties
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