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Should the term "property ladder" be banned? The term "property ladder" only exists in the UK and has only existed since the "property boom" in the last 2 decades. The term itself suggests that it was a good idea to buy and sell property and move on from a small investment to a bigger and bigger investment as you get older. The opposite might be the case as well..your house gets smaller and smaller and your debts higher and higher....This term implies that property investment was a good idea in the long-term - which is not the case. Putting your money on a savings account is more secure, has a stable growth and you have no problems with maintenance costs, taxes and other related problem - and you definitely become richer this way. A property ladder might as well be your first foot in the grave - you will end up spending all your money on the interests of the bank and not have the flexibility anymore invest in other things - or to just move away. For the majority of people in the UK a mortgage and the illusion of a "property ladder" is a big danger and their lives would be a lot easier without a mortgage and the responsibilities.
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