How the baby boomers have stuffed the younger generation

ILW

markharding557 wrote: »

The problem is many of them can not earn enough.
Thirty years ago a manual worker could earn enough to get a modest house not so today in fact many well qualified people can not afford it today.

I believe that in the 70s, home ownership was at around 50% of the population, It is now around 70%.

Blobby8_2

Percy1983 wrote: »

this way we are going straight to the 3 bed semi's with a garage (I have found a 4 bed with a swimming pool in my price range). Now this isn't the young expecting too much as my expectations are inline with my income which I have work hard for, in many respects we have skipped the 2 bed terrace phase and going straight to the end game.

And the thread title is ?

ILW

Blobby8 wrote: »

And the thread title is ?

Maybe should be "Whinging Post Baby Boom Generation Buy 4 Bed Houses (with pool) as First Homes"

FTBFun

Percy1983 wrote: »

I don't feel we have fell behind, by all means if we went for the higher income in the early days and no qualifications we may have bought earlier, but this way we are going straight to the 3 bed semi's with a garage (I have found a 4 bed with a swimming pool in my price range). Now this isn't the young expecting too much as my expectations are inline with my income which I have work hard for, in many respects we have skipped the 2 bed terrace phase and going straight to the end game.

Do you live in the real world - you're moaning yet you're likely to be living in a long term family home as your first house?

Give me strength.

Percy1983

Have you figured that I am not the 'I'm alright Jack' kind of person, I have put myself in a great position and deserve it. That doesn't mean I have no concerns for many others in my generation and the future generations who are struggling to get something as basic as a home.

Percy1983

ILW wrote: »

Maybe should be "Whinging Post Baby Boom Generation Buy 4 Bed Houses (with pool) as First Homes"

That was a bit of a joke, but looking at the area its probably a drug dealers house so I am not going near it.

Anyway the plan says we only need 3 bedrooms and room for 2 cars.

Blobby8_2

Percy1983 wrote: »

Have you figured that I am not the 'I'm alright Jack' kind of person, I have put myself in a great position and deserve it. That doesn't mean I have no concerns for many others in my generation and the future generations who are struggling to get something as basic as a home.

Conceited springs to mind.

Linton

Percy1983 wrote: »

Have you figured that I am not the 'I'm alright Jack' kind of person, I have put myself in a great position and deserve it. That doesn't mean I have no concerns for many others in my generation and the future generations who are struggling to get something as basic as a home.

You have clearly received a high level of education paid for by the evil baby boomers and been given chances that would have been inconceivable to many with your ability 50 years ago. They would have been lucky to have got a good apprenticeship and may subsequently have found themselves virtually unemployable as their hard earned skills became increasingly irrelevent.

People dont struggle to get a home, what they do is struggle to buy a house. They always have done. As has been pointed out more have succeeded in recent years than was ever the case in the past.

WHITEVANMAN

Percy1983 wrote: »

I do believe this is where opinions are split, I have had to get qualifications in my profession as its classed as difficult to do. To which as its more difficult to do i get paid more to do it. If something is more difficult you could say its harder to do to which my job is more taxing on the brain (pun intended) to which my brain has to work harder than somebody working in a unskilled job. Therefore it is harder work so I am working harder, yes I may not do more hours or more physical work but not anybody off the street can do it.

I don't feel we have fell behind, by all means if we went for the higher income in the early days and no qualifications we may have bought earlier, but this way we are going straight to the 3 bed semi's with a garage (I have found a 4 bed with a swimming pool in my price range). Now this isn't the young expecting too much as my expectations are inline with my income which I have work hard for, in many respects we have skipped the 2 bed terrace phase and going straight to the end game.

Anyway, my arguement (or complaint) isn't so much about my personal situation as its all going perfectly to plan for me, my arguement is having bigger TV's and cheaper travel doesn't mean we should be able to have something as basic as a home, yes I agree we need to build more but if all those with more than one property where forced down to 1 house to live in prices would drop and many less would be priced out and forced to rent of said landlord.

Houses should be homes, not investments.

Youll be glad to know In the last couple of years, I sold my other two properties to contribute to the lowering of house prices , not bad considering that although I was studying A levels (as the son of Docker!) In Economics, Maths and Computer Science, I had to quit those 2/3rds of the way through them, (as family circumstances meant I had to go out to work, by doing that my mother still has somewhere to live today )
After A few short years working for others I decided I was going to be better off working for myself, and over the years I have been involved In many diverse business opportunities, with each step I started at the bottom, educating myself and learning new skills as I went, after many many years building up, self educating and diversifying I am well ahead of your general unskilled worker.
In the last year I have sold on my core business of 15 years as the market conditions declined to a point that I was no longer happy with the decreasing financial reward when compared to the time it required, In the past six months I have been further broadening my knowledge and horizons and looking at new Ideas to take me through the next 20 odd years until I fully retire.
I am now Mortgage free on my 3 bed and am well able to support myself and the family without worry while i take the time to choose a new exciting path.
I had to work hard, but I dont belive I worked any harder than you.

Just for reference, my accountant was very encouraging of my entry to the buy to let market :eek:

LilacPixie

Percy1983 wrote: »

That was a bit of a joke, but looking at the area its probably a drug dealers house so I am not going near it.

Anyway the plan says we only need 3 bedrooms and room for 2 cars.

Does a couple need 3 bedrooms??

TBH 'our' generation are not struggling to get anything as basic as a home just like our parents didn't struggle either, nor our grandparents. Options are availible renting, house shares, buying smaller and trading up just as the 'baby boomers' did. Our generation struggles with the concept that it cannot have it all, it wants to have the 2 cars, latest gadgets, 3 bed semi as a starter home. It wants the university education, gap year holidays and then it complains because these things cost money and just because they earn 30k now they expect to have the lot and right away because they work 'harder' than previous generations.

They earn 30k so are 'entitled' to be homeowners. Warped, bizzare and an attitude I struggle to understand. Maybe its because I have the 3 bed semi with garage and double drive, maybe its because I now have kids and can appreciate how hard my parents actually worked to provide the home they did for us.