I agree that many comfortable middle class families will not want to be disturbed. But some of those in more difficult circumstances may find the large incentives very appealing.
Just to record that this has changed my mind substantially—I think I was being overreliant on anecdotal evidence which suffered from a selection bias I wasn’t taking full account of. Thanks for pointing this out, I’ve now updated towards you.
just anecdotally and on the intuitive level, I could see take-up for this being high in places with fairly transient populations in expensive but bad housing, eg in parts of London. In the row of poorly made and poorly insulated single glazed houses I used to live in Hackney, I think quite a lot of people would take the opportunity to retire ten years early by selling on.
Just to record that this has changed my mind substantially—I think I was being overreliant on anecdotal evidence which suffered from a selection bias I wasn’t taking full account of. Thanks for pointing this out, I’ve now updated towards you.
just anecdotally and on the intuitive level, I could see take-up for this being high in places with fairly transient populations in expensive but bad housing, eg in parts of London. In the row of poorly made and poorly insulated single glazed houses I used to live in Hackney, I think quite a lot of people would take the opportunity to retire ten years early by selling on.