Young people today find it very hard to get on the housing ladder. Thatcher's great dream of "80% home ownership in the 80s" came true, and was a one-off boon for that generation of council house tenants given the opportunity to buy their local authority house at a knock-down price. The problem is, once they'd been sold off, and with councils no longer allowed to build housing as they did, property prices skyrocketed. Mutli-billion pound corporations continue to snap up houses as an investment opportunity, squirreling away the profits in a tax haven, while prices go through the roof - since private landlords no longer have the market pressure of nearby cheap council housing as an incentive to keep rents at a sensible level.
This is great news for those of us who bought our house back then and have a valuable asset on our hands, but not very good for younger people who never had that chance. With sky-high rents, and mortgages simply out of the questions for most young people, their only hope is that they'll eventually inherit the house that their parents bought when prices were affordable.
However, the policy in today's Conservative manifesto strips that away for a lot of people. If you get old and need social care, you'll have to pay for it with your assets, which will now include your property if it's worth more than £100,000. I think that's pretty much every property anywhere in the UK, unless it's a garden shed. It's OK, you don't have to pay until you're dead, but it does mean your kids won't be able to inherit the house you scrimped and saved for.
Shouldn't the Tories be a bit more open about their agenda, and point out that if you're old (no matter that you risked your life in the war, paid your taxes and national insurance and always did the right thing), you're no longer a viable economic unit of any use to the powers-that-be, and it might be better to pop down to the local vet and have a lethal injection to put you out of your misery? They could even give you a hundred quid towards it as an incentive. Your kids will probably still have to pay inheritance tax, but at least you'll have something to leave them for your years of hard work.