£1.2tn given to old from young

Harry_Powell

abaxas wrote: »

No,

We just dont want our money used to pay for something someone cant afford?

Let the market remove their home from them and give it to someone who can afford it.

Make your mind up, you're always saying you can't afford a home. How can it be given to you if you can't afford it?

Harry_Powell

CLAPTON wrote: »

In that case, please be a little more respectful about the baby boomers... they were the one's that invented / discovered sex... without them you wouldn't be having all this fun now.

I'm always respectful to my elders.

abaxas

Harry_Powell wrote: »

Make your mind up, you're always saying you can't afford a home. How can it be given to you if you can't afford it?

I can easily afford what I want. I rent becasue the rent is about 30% of the mortgage on this place. It would be stupid for me to buy.

All I want is prices to return to affordability for all.

Emy1501

Harry_Powell wrote: »

How do you control this in a free country with a free market economy? Who decides what is 'sensible'?

The Thatcher government tried to manipulate the market and open up home ownership to the masses by various schemes, the largest being Right to Buy. Many people now view this as being a disaster (except those who profitted by it).

How would 'the bears' open up home ownership to the masses, Graham? What is their scheme?

Nothing wrong with a free market economy but we have a system where the banks went bust the government picked up the debt and it seems no one is learning from the error. Many think the country is the same as it was in 2007 etc because no one has needed to learn from their mistakes. Those who over extended themselves are being supported by the government etc. How are people and businesses going to learn etc? Banks are paying the same bonuses etc and soon will be trying to act the way they were before.

What we need is a system where banks never get too big again to fail and failure is not rewarded.

ukcarper

mbga9pgf wrote: »

Living in wiltshire, quite a lot.

Oxfordshire is the same.

Too many nimbys like you around though for it ever to happen. Selfish idiot.

Well lets say within 10 miles of m25.
I'm a proper nimby I live in a very built up part of surrey and if I wanted to be a nimby I would have a hard job as there is no available building land anywhere near me.

ILW

mbga9pgf wrote: »

You could double the residential accommodation in the UK by using only 7% of agricultural land. You would use less tha 2% and sort out the UK housing issue once and for all.

Hardly a massive price to pay bearing in mind your generation F*cked us out over 1 trillion (nearly 1.7 trillion taxed).

And I spent my teenage years living and working rural, so dont think I dont know what I am talking about you NIMBY D*CK Sorry for wanting the same opportunity you enjoyed.

If you truly cannot afford to buy, you must be a relatively low earner (70% of the population can afford to buy) You ned to lok at addressing your earnings rather than blaming others. As far as I know, the poorest 25-30% have never expected to own in the past.

Mr.Brown_4

ILW wrote: »

As far as I know, the poorest 25-30% have never expected to own in the past.

I do. It's called aspiration.

Emy1501

ILW wrote: »

If you truly cannot afford to buy, you must be a relatively low earner (70% of the population can afford to buy) You ned to lok at addressing your earnings rather than blaming others. As far as I know, the poorest 25-30% have never expected to own in the past.

Could 70% of the ppoulation afford to buy now without and equity? My understanding nowis that the only FTB who can buy now are the Rich, people who have STR'd The Divorced and those with the bank of Mum and Dad and that comes from the CML. Very few other FTB's can afford to.

mbga9pgf

ukcarper wrote: »

Well lets say within 10 miles of m25.
I'm a proper nimby I live in a very built up part of surrey and if I wanted to be a nimby I would have a hard job as there is no available building land anywhere near me.

The world desnt revolve around the M25. Plenty of commuters in the M1 and M4 corridors.

ILW

Mr.Brown wrote: »

I do. It's called aspiration.

Yes, but the aspiration is to rise above the lowest 25% of earners AND THEN buy a house, not the other way round.