Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Zola.
    • By Zola. 14th Nov 17, 5:32 PM
    • 1,107Posts
    • 429Thanks
    Zola.
    Budgeting article
    • #1
    • 14th Nov 17, 5:32 PM
    Budgeting article 14th Nov 17 at 5:32 PM
    http://www.telegraph.co.uk/money/consumer-affairs/does-estate-agencys-claim-millennials-could-save-33k-five-years/

    A lot of home truths here that many don't like!
Page 1
    • northwalesd
    • By northwalesd 14th Nov 17, 6:30 PM
    • 216 Posts
    • 139 Thanks
    northwalesd
    • #2
    • 14th Nov 17, 6:30 PM
    • #2
    • 14th Nov 17, 6:30 PM
    Has Paul Flowers taken over at S&P?
    • SnowTiger
    • By SnowTiger 14th Nov 17, 7:19 PM
    • 3,089 Posts
    • 2,053 Thanks
    SnowTiger
    • #3
    • 14th Nov 17, 7:19 PM
    • #3
    • 14th Nov 17, 7:19 PM
    From the article:

    It assumes, for instance, a couple spending £13,200 a year on takeaways. But there the number-crunching ends. It appears to assume a home-cooked meal would be entirely free, or that the couple would go hungry.
    It seems a little harsh to expect people to starve to death in order to buy a house.

    Also, if (young) couples stop buying coffees, going to the gym, taking weekend breaks, eating, playing the lottery, buying mobile phones and going out there will be a negative knock-on affect to those sectors of the economy; and those that rely on them.

    Coffee shops, gyms, hotels, restaurants, small retailers, mobile phone shops and clubs may close or have to lay off staff. Ironically, those are places where young people often work.

    If (young) couples had an extra £33,000 to spend on their first home we'd probably see house prices increase by a similar amount, meaning that another large chunk of the UK's wealth is locked away in property.
    • JuicyJesus
    • By JuicyJesus 14th Nov 17, 7:55 PM
    • 3,041 Posts
    • 3,156 Thanks
    JuicyJesus
    • #4
    • 14th Nov 17, 7:55 PM
    • #4
    • 14th Nov 17, 7:55 PM
    I'm so pleased that in order to afford secure housing, millennials are expected to not have any kind of luxuries, not have phones (which are practically a necessity these days), not have meals out, not have coffee, not go to the gym etc. I mean way to aim high here - screw that "everyone should be able to afford secure housing and live happy content lives in a major first world country where they work full time" nonsense!

    Millennials didn't create the conditions for house prices to soar to completely absurd levels while incomes remain stagnant and the Brexit they didn't vote for makes inflation go wild and threatens to blow a huge hole in the side of the economy, but sure let's blame them for not dealing with the sh*t hand they've been dealt well enough. After all, if they don't live in a hole and do nothing outside of the seven+ hours a day they're at work, they're responsible for not saving enough!
    Last edited by JuicyJesus; 14-11-2017 at 8:00 PM.
    urs sinserly,
    ~~joosy jeezus~~
    • Zola.
    • By Zola. 14th Nov 17, 9:15 PM
    • 1,107 Posts
    • 429 Thanks
    Zola.
    • #5
    • 14th Nov 17, 9:15 PM
    • #5
    • 14th Nov 17, 9:15 PM
    haha indeed, the article is rather facetious, but there are some reasonable points in there.
    • veryintrigued
    • By veryintrigued 14th Nov 17, 9:30 PM
    • 2,095 Posts
    • 1,364 Thanks
    veryintrigued
    • #6
    • 14th Nov 17, 9:30 PM
    • #6
    • 14th Nov 17, 9:30 PM
    Cmon we all know by now that whatever the problem in peoples lives nowadays its never caused by the individual.

    Fault is always someone else's in this era.
    • JuicyJesus
    • By JuicyJesus 14th Nov 17, 9:39 PM
    • 3,041 Posts
    • 3,156 Thanks
    JuicyJesus
    • #7
    • 14th Nov 17, 9:39 PM
    • #7
    • 14th Nov 17, 9:39 PM
    Cmon we all know by now that whatever the problem in peoples lives nowadays its never caused by the individual.

    Fault is always someone else's in this era.
    Originally posted by veryintrigued
    Yeah, I agree, those millennials sure did make those house prices go up by leveraging themselves senseless to build up buy-to-let "portfolios", sold off social housing by the ton, kept productivity stagnant since the financial crash (which they caused), enjoyed comprehensive public services then pulled the ladder up for future generations, and starved the tax base while insisting on hugely increased benefits for themselves and freezing them for everyone else.

    They really should have known better than to do all that when they were resident in their dad's b*llocks. They should have done something more personally responsible, like voting for a hugely damaging hard Brexit they won't live to bear the costs of so they don't have to see Polish people serving them in the Wilko cafe, while blaming immigrants and the EU for all their problems instead.

    Nope, they should clearly be angry at the real people responsible for the country they were born in having all of these problems; themselves.
    Last edited by JuicyJesus; 14-11-2017 at 9:47 PM.
    urs sinserly,
    ~~joosy jeezus~~
    • SnowTiger
    • By SnowTiger 14th Nov 17, 9:56 PM
    • 3,089 Posts
    • 2,053 Thanks
    SnowTiger
    • #8
    • 14th Nov 17, 9:56 PM
    • #8
    • 14th Nov 17, 9:56 PM
    haha indeed, the article is rather facetious, but there are some reasonable points in there.
    Originally posted by Zola.
    Are those the "home truths" you referred to in your opening post?

    Perhaps you will share with us what you believe these "reasonable points" and "home truths" are.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,433Posts Today

9,314Users online

Martin's Twitter