'Baby-boomers own half of Britain's wealth' telegraph article today.

ukcarper

abaxas wrote: »

Maybe you could work for yourself? You never know, you might be able to do something without having your hand held.

To be quite honest I don't want to work that’s why I took redundancy when it was offered to me I feel much happier now than when I was at work.

FATBALLZ

ninky wrote: »

so the generation before us live in better housing? but the generation before them lived in worse. would it be fair if we lived in better housing than the baby boomers?

No it wouldn't, not sure what your point is.

ninky wrote: »

as for inheriting a house when your 60 (i can't quite believe you are actually moaning when you are due to inherit an entire house), many baby boomers are now 60. given that by your own estimates you won't even be retired by then i'm sure it will come in handy.

Ok I probably won't inherit the entire house, but I'll get enough of a share to buy a smaller one. And yes I could use it to improve my pension, but I'll probably have enough of one to live on anyway and would rather my kids were happy and got a decent chance in life than I have some extra money I didn't earn and don't absolutely need. Although that attitute seems to have gone out of fashion

abaxas

ukcarper wrote: »

To be quite honest I don't want to work that’s why I took redundancy when it was offered to me I feel much happier now than when I was at work.

Sorry for picking on you.

Just I beleive that people should take their lives into their own hands. It appears you are! :>

ukcarper

DaddyBear wrote: »

Great post Fatballz. Sums up my feelings too.
Wife and myself both have good jobs and will be in the top 10% of earners in the next 5 years so we will be ok. Takes the p1ss though that we currently cant afford a 3-bed that's not on a council estate in the area we live.
Also both have final salary pensions so unless the government screws us over we should be ok, even in that event we could both work in the private sector solidly for 5 years and earn enough money to see us right.
Still, we are the lucky ones. About 90% of the generation below us are absolutely screwed. My children may be okay if we hand our inheritence from our parents (only 1 sibling between us) straight to them. I'll still be encouraging them to take foreign languages though.

In seventies I couldn’t afford anything where I lived mind you there were no ex council houses then.

Even though it is harder to buy now all my children have managed to buy s without any help from me and most of their friends have also bought. Still most of them didn’t go to university so that might be the answer.

DaddyBear

FATBALLZ wrote: »

No it wouldn't, not sure what your point is.



than I have some extra money I didn't earn and don't absolutely need.......... Although that attitute seems to have gone out of fashion

Out of the park. This is what I hate about the UK property market. Its dominated by greed and the desire for easy money. It should be a means of giving the population shelter and security but it has turned into a means of speculation. Absolutely hate it.

ukcarper

abaxas wrote: »

Sorry for picking on you.

Just I beleive that people should take their lives into their own hands. It appears you are! :>

I agree with you people should take their lives into their own hands, that’s what I did when I took the redundancy. I was just trying to make the point that in the workplace there are disadvantages to being old as well as advantages

ukcarper

DaddyBear wrote: »

Out of the park. This is what I hate about the UK property market. Its dominated by greed and the desire for easy money. It should be a means of giving the population shelter and security but it has turned into a means of speculation. Absolutely hate it.

I disagree most people young and old just buy property to live in.

abaxas

ukcarper wrote: »

I disagree most people young and old just buy property to live in.

Yes,

But a small group spoil it for the rest. Like the people who bought up all the salt/bread at the supermarkets.

Maybe we need controls to stop speculation in a short/medium term?

DaddyBear

ukcarper wrote: »

I disagree most people young and old just buy property to live in.

Do you not agree that the number of people bying up property as an "investment" has increased drastically over the last 10 years, as has the number of people with second, third, fourth homes???

What this country needs is large taxes on second homes. There is a potential housing shortage and reducing the number of houses that lay dormant for a large proportion of the year is a must.

Mr_Matey

ninky wrote: »

grit? you had grit? we used to dream of grit! we had to build a house out of old cigarette ends and bits of broken glass and our dad used to beat us to keep us warm.:rotfl:

lol, this is getting Pythonesque.
"Oh, what I wouldn't give to be spat at in the face. I sometimes hang awake at night dreaming of being spat at in the face."