this post was submitted on 20 Nov 2023
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Yeah, this is one of the ways the wealth gap keeps growing.
If your parents are not home owners, they are not building equity. If they aren't building equity they are less likely to be able to support their children financially in a way that allows their children to buy a home.
What's kinda scary is that the numbers even for people whose parents own MULTIPLE properties are still only 30%'ish.
The scariest thing is the people who own zero properties that vote in interest of people who own multiple properties.
Well yeah, because if we raised taxes on multiple priorities, then by the time I'm able to afford multiple properties with one of my great plans to get rich, I'd have to pay more taxes. I wouldn't want my hard earned money going to supporting the lazy bastards like Bob over there - one of those people, probably