Wednesday, October 19, 2011
Selfish boomers under-occupy and hoard housing.
More subsides for the boomer generation at the expense of others. Older people should be encouraged to move into smaller homes to help tackle the "housing crisis", a charity says. The Intergenerational Foundation calls for tax breaks to encourage downsizing and help free up some of the estimated 25 million unused bedrooms in England. More than half of over-65s are in homes with two or more spare bedrooms, which could be used by families, says its report based on government figures. *** The campaign group also urged the government to consider replacing council tax with "a proper land tax, to reflect the social cost of occupying housing, particularly housing that is larger than one's needs". ***