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Link: “Fifty-year mortgages that you pass on to your children – the new plan to boost home ownership

Original post found at: https://www.telegraph.co.uk/politics/2022/07/01/fifty-year-mortgages-pass-children-new-plan-boost-home-ownership/

I meant to share this horrifying article when it was first published four weeks ago, but I forgot πŸ˜… At any rate, the UK government is considering a proposal whereby home-buyers could take out a mortgage with a 50-year term and force their children to inherit their debt, enabling them to take out larger mortgages than they’d be able to otherwise, and push up housing prices even more. Galaxy brain stuff

a cartoony avatar of Jessica Smith is a socialist and a feminist who loves animals, books, gaming, and cooking; she’s also interested in linguistics, history, technology and society.