It is like a war

buxtonrabbitgreen

Pooky wrote:

Unfortunately it's a vicious circle - finding someone to repair something nowadays costs more than buying a new one...and finding someone you can trust is even worse. I'm a great beliver in making do and mending but until socity catches up with me then I'll always feel a little "strange".

As for the housing market - we're stuck paying £600 per month rent as we can't afford to save up for the huge deposit we'd need to be able to buy a flat, ironically we're not earning enough for a mortgage with repayments of £600 a month but we're not entitled to housing benefit as we earn enough to pay a £600 a month rent.....it's all gone a bit wrong somewhere and I seriously worry about those people who have mortgaged themselves to the hilt, it simply cannot carry on like this.

I really feel sorry for all young people now trying to buy a home. In some ways we were better off than you. Having said that, the rent on our first flat was £8 a week and my DH only earnt £12 a week . So how does that compare now. Would your rent be 3/4 of your incoome?

System

buxtonrabbitgreen wrote:

I really feel sorry for all young people now trying to buy a home.

If they are anything like my daughter, shes in no rush to be going anwhere. She knows where she is better off but thats hardly fair on me or her dad. I shouldnt moan really as she is generous with the housekeeping but sometimes i just wish i had one less body in the house. I can see all my children still at home when i am in my 80s cause they cant/wont move out.

Kevicho

This is all because people are trying to live the dream of being rich.
Unfortunately there wages dont cover this lifestyle, and so they have to buy things on credit.
Before long there payments on all these credit items which are "small monthly payments" add up to the majority of the wages, which the rest on basic living expenses, and means there is no room to overpay, invest or save.

This is partly also to do with the rediculous amount of tax we currently pay, i am trying to put myself in the business owner bracket so I can make myself a future, and also to have more flexibility when it comes to paying tax.

All people need to do is wake up to the reality, we dont need expensive cars, flash clothes, pub lunches (as someone else pointed out) to be happy.

Living today on tomorrows money is the main problem with society, people need to learn to control themselves, to wake up from the brainwashing quartet of the merchants, bankers, advertisors and credit companies and realise how they have been manupilated.

From now on, My money is mine!

Kevicho

Judi wrote:

If they are anything like my daughter, shes in no rush to be going anwhere. She knows where she is better off but thats hardly fair on me or her dad. I shouldnt moan really as she is generous with the housekeeping but sometimes i just wish i had one less body in the house. I can see all my children still at home when i am in my 80s cause they cant/wont move out.

Not meaning to sound mean or anything, but how have you helped her prepare to move out?
Have you helped educate her on the value of money, and how to go about buying a house?

Maybe that housekeeping money is better going to you, than as rent to a dubious landlord?

chatta

HairyHandofDartmoor wrote:

Why do you feel abnormal if you don't go on holiday every year, have a widescreen tv, flat screen monitor for your computer, flashy looking car, decking for your garden, etc. People are made to feel like a failure if they don't have these things, and so they go into debt to get them. The pressure from society and the easy availability of credit makes temptation to buy what you can't afford almost overwhelming.

I dont have any of these things and I dont feel like a failure or abnormal sorry

System

Not meaning to sound mean or anything, but how have you helped her prepare to move out?
Have you helped educate her on the value of money, and how to go about buying a house?

I take your point but i have tried to encourage her to save, ive critisised her for buying ANOTHER pair of boots when she has another 10 in her bedroom. I have showed her what i do and how i do it and get called scrooge when i penny pinch. Her dad has encouraged (ok nagged) her into considering a pension. Meanwhile she has no savings, no pension and has no interest in saving for a place of her own, she has no interest in learning to cook or keep house (she would rather eat out than cook something herself. I cant do any more than i have.

Shes ok though, shes got about 50 pairs of shoes/boots and at last count 20 pairs of branded name jeans.:mad:

HairyHandofDartmoor

chatta wrote:

I dont have any of these things and I dont feel like a failure or abnormal sorry

Don't be sorry. You are lucky enough to be able to resist the pressure of our consumer society. Good for you!

Pobby

I read that the average wage is £27k per annum.Well I`m blowed,I know lots of people earning that{not}!I really wonder who dreams this stuff up.So at a young age people are told to save for a pension,save to buy a house,save just for a rainy day.What utter rubbish!

This situation can`t carry on but where it is leading is not clear.Will there be a huge housing crash,will there be deep recession,will millions become bankrupt

---

who knows?It won`t be governments leading on this issue even if there were anything different between the 3 main parties.The rot set in some years ago.

This is not just about money.It has very deep social implications.As I already mentioned there is the lack of security with short hold tenancy.Who really wants to be moving every 6 months?Years ago people rented for a lifetime.Would I be inclined to start a family in this posistion,no I wouldn`t.

Is it healthy for kids to remain at home until their 30s or even longer.Of course not.However in my own family I see that being very much the case.Rental is not in the question because it is unaffordable.

Perhaps,if pensions were the good investment they used to be maybe we wouldn`t have the btl mentality.

There will be some very disgruntled young adults in the next few years with every right to be so.I am not saying that home ownership is everything but affordable accomodation,I believe in the 21st centuary should be a basic right.

For me,as I am a few years from retirement,I am seriously thinking of going to live in Spain.I can`t see any point in staying here.

emzig123

buxtonrabbitgreen wrote:

I really feel sorry for all young people now trying to buy a home. In some ways we were better off than you. Having said that, the rent on our first flat was £8 a week and my DH only earnt £12 a week . So how does that compare now. Would your rent be 3/4 of your incoome?

That's only 2/3rds!!!

chatta

HairyHandofDartmoor wrote:

Don't be sorry. You are lucky enough to be able to resist the pressure of our consumer society. Good for you!

That is appreciated because I have felt the pressures over the last few years for not being part of the consumer society :beer: