Reply To: Old v. Young
Again with the housing crisis the longevity of the parents is being blamed
https://www.whatinvestment.co.uk/inheritance-may-be-the-only-way-the-young-can-buy-a-house-2616183/
John Porteous, group head of distribution at wealth managers Charles Stanley said, “People are living longer than ever, so relying on an inheritance to get on the housing ladder is a risky strategy as you may get less, and much later than planned.”
Kay Ingram, director of public policy at financial planners LEBC said: “With parents living longer and 20% of those over 80 needing to find care costs, younger generations would be ill advised to wait for their inheritance before buying a property.”
So it is not house building policy or low income stopping the young getting on the first rung of the housing ladder but the fact your mum and dad haven’t died earlier enough to leave you the house (or a share in it if you got brothers and sisters)
