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Antiwork

Looked at the value of two childhood homes when last sold to my family compared to now. The inflation on them is actual insanity.

The home I was born into: Bought for 29,000 British Pounds in 2000, paid outright, currently valued at 403,000 British Pounds, a rate of roughly 17,000 Pounds increase in value per year for 22 years, through a global housing crisis in the middle. The home I grew up in: Bought for 1,300 British Pounds in 1958, paid over a five year mortgage. Currently valued at 805,000 British pounds, a rough increase in value of 12,500 British pounds a year for 64 years. Really hammered it home than on the pity wages people have to survive off, we can never own property unless we inherit it, and then we'd have to deal with inheritance tax. My family still owns both of these homes, though I live in the US now rather than the UK. Shelter is a human right, this insanity needs to change.


The home I was born into:
Bought for 29,000 British Pounds in 2000, paid outright, currently valued at 403,000 British Pounds, a rate of roughly 17,000 Pounds increase in value per year for 22 years, through a global housing crisis in the middle.

The home I grew up in:

Bought for 1,300 British Pounds in 1958, paid over a five year mortgage. Currently valued at 805,000 British pounds, a rough increase in value of 12,500 British pounds a year for 64 years.

Really hammered it home than on the pity wages people have to survive off, we can never own property unless we inherit it, and then we'd have to deal with inheritance tax. My family still owns both of these homes, though I live in the US now rather than the UK. Shelter is a human right, this insanity needs to change.

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