How the baby boomers have stuffed the younger generation

julieq

Percy1983 wrote: »

By all means there is BTL landlords who are younger, but as most boomers could just cash the equity on there over priced house to do it (no hard work involved), yet for me to own more than one house it woukld involve a lot more work or a windfall/inheritance.

BTL has not increased the price of houses by any significant amount. End of.

And you can only cash in equity by Mewing if you want to live in the house with equity. So you might as well just take a mortgage out on the BTL house. There is no significant advantage either way.

Anyway anyone who has built up wealth over their lifetime by whatever means - whether luck or hard work - is more likely to be able to invest than someone who hasn't. You have to accept it takes time to become comfortable.

Really, if you want to get on, move past the bitterness and live in the world as it is. My father lived in a 21 room Georgian Rectory in rural Essex as a child. I'd LOVE to be able to have that house, but I can't. You do not qualify for everything your parents had just by turning up and asking for the same things. You live within the constraints currently applying, and pretty much everyone thinks they are struggling most of the time.

WHITEVANMAN

Percy1983 wrote: »

But there is a section of boomers who have bought up more houses than they need to live, I would say they are partly to blame.

Rise of Owner-Occupation

1. Owner-occupation in the UK has increased by 25 percentage points from 43% in 1961 to 68% in 2008.

1. [FONT=Arial,Arial][FONT=Arial,Arial]The biggest rise in owner-occupation occurred in the 1980s following the introduction of the Right to Buy scheme.[/FONT][/FONT]

1. 
   
2. The proportion of homes that is privately rented has fallen significantly from 33% in 1961 to 14% in 2008. [FONT=Arial,Arial][FONT=Arial,Arial]The private rental sector was bigger than both the owner-occupied and social rented sectors until the mid 1950s. [/FONT][/FONT]

MRSTITTLEMOUSE

markharding557 wrote: »

MRSLITTLMOUSE wrote:
Student loans probably did not exist when they went uni and certainly not in the form that is being imposed now

Realy well it's funny how when they started earning enough they started paying them back.

Percy1983

julieq wrote: »

BTL has not increased the price of houses by any significant amount. End of.

To quote Mr Hamish, BTL has caused prices to be 7% higher, I would call 7% significant.

By all means I don't expect what my parents had, I have much bigger expectations but as mentioned my expectations are very realistic for the hard work I have put in. I will add my plan doesn't involve any inheritance, it would seem my dad as a cycle of maxing credit cards/loans then securing against the house so the outstanding mortgage is more than it started 25 years ago and the cards are building up again.

I don't expect anything for nothing, yet I am well known in my local area for giving my time for nothing. Maybe good karma is just helping me along on the luck side of things.

ILW

WHITEVANMAN wrote: »

Rise of Owner-Occupation

1. Owner-occupation in the UK has increased by 25 percentage points from 43% in 1961 to 68% in 2008.

1. [FONT=Arial,Arial][FONT=Arial,Arial]The biggest rise in owner-occupation occurred in the 1980s following the introduction of the Right to Buy scheme.[/FONT][/FONT]

1. 
   
2. The proportion of homes that is privately rented has fallen significantly from 33% in 1961 to 14% in 2008. [FONT=Arial,Arial][FONT=Arial,Arial]The private rental sector was bigger than both the owner-occupied and social rented sectors until the mid 1950s. [/FONT][/FONT]

Thats the bit of the moan I do not get.

If it is so difficult now, why do more people own their own homes than ever before?

abaxas

ILW wrote: »

Thats the bit of the moan I do not get.

If it is so difficult now, why do more people own their own homes than ever before?

I think the number has been going down over recent years.

ILW

abaxas wrote: »

I think the number has been going down over recent years.

Only slightly over the last 2 or 3 years.

Percy1983

ILW wrote: »

Thats the bit of the moan I do not get.

If it is so difficult now, why do more people own their own homes than ever before?

Well would we agree that people owning there own homes benefits the individuals and usually the communities around them?

Its not unreasonable to expect things to get better or at least stay the same with time, yet people are saying its fine for home ownership to fall as thats how ti was in the 50's, we are meant to go forwards in time not backwards.

ukcarper

Percy1983 wrote: »

But there is a section of boomers who have bought up more houses than they need to live, I would say they are partly to blame.

But is that section any greater in babyboomers than any other generation i.e. one of the bears so called villains Sarah Beeny is not a boomer.

ILW

Percy1983 wrote: »

Well would we agree that people owning there own homes benefits the individuals and usually the communities around them?

Its not unreasonable to expect things to get better or at least stay the same with time, yet people are saying its fine for home ownership to fall as thats how ti was in the 50's, we are meant to go forwards in time not backwards.

Are you now saying that it is not fair that things are not constantly getting better for the current 20 somethings? That is a different argument to saying that the generation above had it much easier.