this post was submitted on 20 Nov 2023
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[–] dom@lemmy.ca 13 points 2 years ago* (last edited 2 years ago) (1 children)

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.

[–] phx@lemmy.ca 7 points 2 years ago (1 children)

What's kinda scary is that the numbers even for people whose parents own MULTIPLE properties are still only 30%'ish.

[–] SamuelRJankis@lemmy.world 15 points 2 years ago (1 children)

The scariest thing is the people who own zero properties that vote in interest of people who own multiple properties.

[–] phx@lemmy.ca 0 points 2 years ago

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