£1.2tn given to old from young

stueyhants

julieq wrote: »

So you're blaming a generation which is not obviously into bling and consumerism for the celebrity obsessed designer bling culture of the young?

Not sure how you figure that. Seems to me to have more to do with a few high visibility young people with obvious cash and others saying to themselves that they want some of that, it's not anything to do with "babyboomers".

Obviously there is more to it than just blaming one generation and arguably its parents a few decades younger than the boomers. Just because the parents aren't in to consumerism or bling doesn't mean that the personality traits that support that haven't been created in the current generation.
So you think a few young individuals have more influence on culture than a whole generation of parents ?

Graham_Devon

What this thread has done I suppose, is shown how the two generations cannot see either side, which is what the programme did pick up on.

The whole "youth don't work hard" stuff is absolutely rubbish. There are youth's that are lazy as there are older people who are lazy.

The continual "we worked hard" gets a little tiresome. Can see why people say it, as they probably did work very hard, but then so do many many younger people.

And again, I only took what the BBC were saying Julie. They did their research into it and came up with the quote, not me, and it seemed to be based on those holding 2 or more houses while expecting the younger to rent it from them. I'm not even sure how you got to the bling part.

JonnyBravo

Cleaver wrote: »

A quick, and probably inaccurate, google shows that there are apparently around 25 million homes in the UK and there are around 245,000 second homes.

So that would suggest that around every 1 in 100 properties is a second home for someone. I would imagine most are owned by baby boomers.

Not all that inaccurate but here are more accurate figures.

272,000 second homes in England alone. No hint in the data as to who owns them.

Not to be confused with the 3m households that are privately rented. As sjaypink points out, they are entirely different.

http://www.communities.gov.uk/publications/corporate/statistics/housingengland200708

chucky

Emy1501 wrote: »

Because when I upsize my mortgage will probably be about 200-220K but if prices had not gone up it would probably be about 150K.

If I was born about 10-15 years before though I would probably be laughing now though as I would have bought my main property in the 90's

a few people on here could have bought in the 90s and didn't.

they now blame high prices for them not owning property now - the only people you can blame in those scenarios for not taking that opportunity is themselves instead of looking at making excuses.

it's about taking the opportunities or making the most of them that are available to you at the time instead of blaming the previous generation.

StevieJ

Emy1501 wrote: »

Because when I upsize my mortgage will probably be about 200-220K but if prices had not gone up it would probably be about 150K.

If I was born about 10-15 years before though I would probably be laughing now though as I would have bought my main property in the 90's

I am sure you wouldn't, you would be 10-15 years older

stueyhants

chucky wrote: »

a few people on here could have bought in the 90s and didn't.

they now blame high prices for them not owning property now - the only people you can blame in those scenarios for not taking that opportunity is themselves instead of looking at making excuses.

it's about taking the opportunities or making the most of them that are available to you at the time instead of blaming the previous generation.

Do you thinnk someone who is just turning 18 years old have a right to blame the previous generation? This is the first chance they have had to buy a property, it's not their fault they couldn't buy when houses were cheaper.

stueyhants

The younger generation have a right to blame the current generation for not building enough houses, using easy credit to push prices up and getting the country in to massive debts.

However that blame is not going to change anything so they are just going to have to make the best they can.

chucky

stueyhants wrote: »

Do you thinnk someone who is just turning 18 years old have a right to blame the previous generation? This is the first chance they have had to buy a property, it's not their fault they couldn't buy when houses were cheaper.

that's why i said that they had the opportunity to buy but decided not to.
you can't blame a previous generation for that. well you can but that would be stupid if you did.

i can't see many 18 year olds looking to buy property unfortunately.

zygurat789

My conscience is clear I've given more than my share back to my kids.
What will you do with yours?

StevieJ

Graham_Devon wrote: »

What this thread has done I suppose, is shown how the two generations cannot see either side, which is what the programme did pick up on.

The whole "youth don't work hard" stuff is absolutely rubbish. There are youth's that are lazy as there are older people who are lazy.

The continual "we worked hard" gets a little tiresome. Can see why people say it, as they probably did work very hard, but then so do many many younger people.

.

Strangely enough the same thing applied when I bought my first house in 1988 for 40k, some of my much older cousins had bought in the earlly 70's for around 4k. I can't remember having the malicious envy that some young mollycoddled members of society have today (not all I may add, more the people who populate here, HPC and the Motley Fool).