"This pattern is self-replicating. Home ownership and housing wealth are the biggest drivers of the wealth divide within each generation, according to a new working paper by University of Bath economists Paul Gregg and Ricky Kanabar. By making affluence among one generation increasingly conditional on parental wealth, the mechanism we appear to have quietly chosen to solve our housing affordability crisis is to entrench inequality."

#inequality #affordablehousing

https://www.ft.com/content/985a608e-17a3-42ff-abb1-d78a10627a12?s=09