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by isostatic 2789 days ago
It's not just rich kids that benefit, and it's not just direct gifts that benefit.

If your parents live within commuting distance of London, you can probably take a very low paid job to get a rung on the ladder. Very few outgoings - no rent, no bills. £600/month for season ticket and nights out, and even on minimum wage you'll be saving £5k a year.

If your parents live in say Devon or Yorkshire, you can't do that. You'll be paying £1k a month just for rent.

1 comments

IIRC Switzerland is introducing a "homeowner's tax" - the equivalent to the tax your landlord would be paying on your rent if you were renting instead of owning - essentially, they're considering you're renting to yourself, so you need to pay the tax. Now that's pro-equality (ironically, for Switzerland).
I believe they already have this (it's called "imputed rent") and are considering getting rid of this[1].

[1] https://lenews.ch/2017/08/24/a-swiss-parliamentary-commissio...