£1.2tn given to old from young

mbga9pgf

ukcarper wrote: »

A lot smaller than yours but if I wanted a small holding it would have had to be

Well, there you go then. Am I "greedy" or am I working towards an ambition? You have already admitted its not exactly easy for the younger generation to get on the ladder and its becoming nigh on impossible. I certainly wont be bringing kids up in a country that doesnt reward hard work and personal sacrifice.

Cleaver

Really2 wrote: »

I might even make the journey to see you. Only if you stop bloody moaning.:)
http://www.rightmove.co.uk/property-for-sale/property-

That place is in 'Pontrhydfendigaid'. That can't be a real name. Maybe the signwriter just wiped some crumbs off his keyboard and that's what came out. Maybe I should try it: 'Tyugihbjefnruygadf'. Kinda similar.

ukcarper

mbga9pgf wrote: »

Well, there you go then. Am I "greedy" or am I working towards an ambition? You have already admitted its not exactly easy for the younger generation to get on the ladder and its becoming nigh on impossible. I certainly wont be bringing kids up in a country that doesnt reward hard work and personal sacrifice.

I never said you were greedy and I think it’s very good that you are working hard and striving towards your ambition. What I don’t like is that you seem to be blaming me for the fact that you haven’t got there yet.

dopester

fc123 wrote: »

Between you and me...I watched a Hotel rescue thingy prog that someone recommended to me. It was set in Margate.

That looks interesting. Will watch it now. I was doing some rough-research a few weeks ago about Margate... trying to better understand Brighton house prices and how vulnerable the support of the premium prices are in Brighton.

Edit: to add direct link to 4-OnDemand for this episode.

Edit 2: OMG at that show. Cringe a minute for me. Seriously one of the craziest 'boom-head' shows I've ever watched.

Edit 3: The following episode was even worse (Episode 6). That baby-boomer and his younger girlfriend should be readying to retire in luxury. They already had a huge home, he should have been selling and downsizing for retirement. Instead, lets go for a £3m development (£1.5m purchase + £1.5m redevelopment), on a hotel where no one has prospered in recent decades... major risk, Clacton-on-Sea, huge debt levels, loads of hard work and stress running a hotel.

These two episodes totally eclipse all the crazy boom-headedness I saw in the last series of Property Ladder... including that muscle-fitness woman and the train-B&B baby-boomer couple.

Edit 4: Now watching Episode 2.. picked at random from the remainder. OMG. Many baby-boomers seem to be out of their minds. Expecting constant boom... no more bust... banks always lending whatever you want. This couple, multi-millions spending (bought property to run as a hotel at around £1.9m but spent over £5 million) ... don't have the money to finish it. Also... even if they did finish it.. the work behind running a hotel day-in, day-out, year-in ect. They could have retired in absolute luxury, instead of reaching so high. Every single couple so far has been totally knocked out by the real work involved in running a hotel, after their trial day in an established hotel. They were all about the property and having fun doing it up. Amazing show... so Twilight Zone.. but actually real. This stuff on repeats and included in history shows will melt future generations minds.... "Is this real - it can't be." Thanks for the tip-off about this show fc.

Pobby

Ah the joys of modern home ownership. Can`t beat it. Went for an evening at one of my nephews new place. Very small 2 bedder in Berks. He`s 21 and living with his 20 year old partner. They did have a deposit of about £20k due to an inheritance. Nice little mortgage of only a £1, 000 a month over just 44 years. The best they could get so they told me. Bargain!

PasturesNew

If I'd become a couple in my early 20s I could have bought a house then .... and traded up over the years, would probably have now been living in a £700k house fully paid for. Between two of us we could have saved the deposit, got a mortgage, worked together to improve our lot, upgraded...

As it was, I was always £5-10k short mortgage-wise of being able to buy the cheapest place for sale, always seemed to be chasing the market up. Then I bought a mobile home (gave up when studios in my town were 5x salary and mortgage maximums were 3.5x)... after that I could never take the time out to try to get better/different jobs or even follow any "career path" as I was always focussed on having to work constantly to cover the repayments, wary to never have a day's sick and minimum days between jobs (always took the first/next/soonest job, often temping), just always keeping afloat.

I was 40 before I bought a house, by relocating where it was cheaper.

My parents bought their first house when they were aged 40 and 45. They only ever owned one.

I don't know anybody who owns two houses, but we were never in that "class" of people whose incomes would enable it to be a possibility, nor in that "class" of people who just MEWed to achieve something shiny.

As for inheritance, this house is modest and there are a few of us that it could go to - but it'll all go in home fees as there's longevity on both sides of the family and I can already spot quite a lot of marbles missing.

Really2

mbga9pgf wrote: »

Its a prefab bungalow in tje remotest part of wales. I mentioned herefordshire because at least it is reasonably commutable to something called a Job? You know, the sort of thing you need to pay a mortgage?

Nearly all of wales is remote, make your mind up. I take it you don't know the areas.

mbga9pgf wrote: »

I I am more interested in a smallhold, perhaps in wales. I

Most small holdings tend to be remote. I think the moon on a stick could be your next shout if you don't find something.

PS knowing wales it would not be prefab just pebble clad, not the nicest but quiet possible solid stone underneath if you can be bothered to get it striped.

I get from the feel of it no one on here could ever find you anything simply because you want is what the very rich have lots of land and an easy commute.
You may have to wake up to the fact that even though you earn good money it aint good enough to get you what you want. There are plenty of people earning over £100K+ that will price you out of the market for such a property. Even near me you would be looking £750K -£1m so unless you are thinking of blowing the bank you may have to adjust your sights.

zygurat789

mbga9pgf wrote: »

And you are a filthy thief. Dont expect my generation to pay for your retirement; by the time your generation have finished with the UK it will be finished. It must have ben nice to have the opportunity to enjoy your life whilst your wife could stay at home to bring up the kids; this is no longer an option for my generation.

I dont want the best for me; I despise consumerism, I am looking for the best for my kids. Something the UK will not be able to offer thanks to the Greed of your sort insisting on ever increasing house prices and restrictions on building new property.

Your generation is ruining this country which we helped make great and I chose to live within my own means and chose my own lifestyle on the same sort of income as you we lived in a 2 bed flat in Stoke Newington.
When the crash came in 1973 we lost our deposit I blamed Heath & Barber who's economic policy caused it.
I worked for my money and have only moved once (to get out of London, for my children), and I have no idea how much my house is worth and I don't care' its my home not an investment.I fail to see how this makes me either greedy or a thief. You should have been strangled at birth then everyone would have been happier.
The one thing I didn't have is your wealth £100K are you a drug dealer driving around in a BMW?
The sooner you emigrate the better for all of us

John_Pierpoint

My retirement savings are earning less than MY rate of inflation.
So I am being taxed by inflation (Government devaluation of the currency combined with massive deficit financing to disguise the 50% tax rate).
Why is this happening ?

Basically because population pressures combined with the successful ambitions of other nations' young people are bidding up real prices against the failing efforts of the British economy. (Massive deficit with the rest of the world, out of control unproductive government spending of the citizens money)

We are all living in fools paradise and I cannot see the BRIC countries young people agreeing to restrain their ambitions to carry on subsidising us both young and old.

MRSTITTLEMOUSE

I'd love to fast forward 30 years and see what the complainers on these boards have to say when they grow up properly and get some experience of life.
They'll think no differently to the rest of us older generation except they'll probably be poorer since all they do is moan instead of getting of their backsides and taking some chances instead of hoping for guaranteed returns(of which there is no such thing).
When will the younger generation learn,they start at the bottom and work their way up.
THE WORLD OWES YOU NOTHING.
As for mbga9pgf are you a child you talk like you are one,you sound like a bitter,whinging, immature early teen.
When you grow up and buy a house will you sell it half price just to let a youngster get on the housing ladder.
We all know the answer to that one.
I certainly don't feel guilty about what we have accumulated,it's taken years of hard work to get what we have.
We deserve it as do all the other people in our position.