An entire generation locked out of property ownership

wotsthat

Percy1983 wrote: »

In short am no better off, yes technology has moved on so I may have better gadgets etc, but doing a quick sum, your home was less than 2x you joint incomes, now we are looking at 4x joint income minimum and thats in an area many of you wouldn't even want to live in.

You are better off. The opportunities for someone born in 1983 compared to 1967 (me) are so much greater. You can't just look at income multiples in isolation.

It's always been tough starting out and things are no different in that respect now.

One big difference between now and 1981 when dianadors purchased is that there are more demands on wages to buy stuff that just wasn't available then.

There are tougher choices now - two weeks in Thailand every year or save towards a deposit. I think half the time that people don't realise they are actually making a choice. Percy you're the lucky one because you realise you are making that choice.

I know when I'm on my death bed and my life if flashing in front of my eyes I'll be thinking about the people I love and the places we've been together. I won't be thinking about how lucky I was to buy my first house at 2.5 x income.

dianadors

Percy 1983 - Watch who you are calling old! I am still a young 'en at 51!!! Ive never said anything about cars, technology etc being cheaper today. And my arguement is the opposite - that you young 'ens should be able to afford houses. It wouldn't have mattered how cheap cars were, we wouldnt have had one. Our telly was a portable black and white one that I had bought by my parents for my 21st birthday and we had it for years before it got replaced. We were brought up not to have credit - so we never had credit cards - otherwise I think we would have gotten into trouble very early on. Times were very different back in the 70's and 80's. We were used to have absolutely nothing and we were used to having hand me downs. My wardrobe when I was in my late teens/early 20's was laughable. I sewed or knitted my own cloths, but then so did everyone else that worked in my office. Incidently, I started saving as soon as I had a job, not when I decided to get married. And, our parents wouldnt let us move into our house until we got married! But they still charged us board even though we were paying a mortgage! And I do know lots of young people who have saved and are buying their own homes. They have had to do it the old fashioned way - going without and being frugal (although my god son has the biggest flat screen TV I have ever seen in his tiny house.)

Running_Horse

ninky wrote: »

that's fine. just don't expect your offspring to become the rothschilds. for dynastic success you need dynastic thinking and action. that works on smaller scale too.

if you want your children to have to work for stuff like you had to in order to merely obtain the same financial level you have (unlikely given the markets have now made that even tougher), then fine. all i'm saying is those with more ambition for their family line might do well to plan for intergenerational progress.

personally i don't have children. however i see nothing wrong with leaving my estate (or what is left of it) to my niece and nephew or helping them out financially in the here and now if i can.

moral guidance? wrap that up and put it under the christmas tree.

I don't want my daughter to be a Rothschild, just a well adjusted hardworking happy member of society. The fact you laugh at moral guidance shows how little you understand parenting. I will leave my house to my daughter, but will not bring her up to hope for an inheritance. I inherited nothing from my parents.

ninky_2

Running_Horse wrote: »

I don't want my daughter to be a Rothschild, just a well adjusted hardworking happy member of society. The fact you laugh at moral guidance shows how little you understand parenting. I will leave my house to my daughter, but will not bring her up to hope for an inheritance. I inherited nothing from my parents.

says it all really. i don't think we disagree to be honest. you are doing exactly what i suggested the sensible conscientious parent would do.

Percy1983

dianadors wrote: »

Percy 1983 - Watch who you are calling old! I am still a young 'en at 51!!! Ive never said anything about cars, technology etc being cheaper today. And my arguement is the opposite - that you young 'ens should be able to afford houses. It wouldn't have mattered how cheap cars were, we wouldnt have had one. Our telly was a portable black and white one that I had bought by my parents for my 21st birthday and we had it for years before it got replaced. We were brought up not to have credit - so we never had credit cards - otherwise I think we would have gotten into trouble very early on. Times were very different back in the 70's and 80's. We were used to have absolutely nothing and we were used to having hand me downs. My wardrobe when I was in my late teens/early 20's was laughable. I sewed or knitted my own cloths, but then so did everyone else that worked in my office. Incidently, I started saving as soon as I had a job, not when I decided to get married. And, our parents wouldnt let us move into our house until we got married! But they still charged us board even though we were paying a mortgage! And I do know lots of young people who have saved and are buying their own homes. They have had to do it the old fashioned way - going without and being frugal (although my god son has the biggest flat screen TV I have ever seen in his tiny house.)

Firstly I never said you where old (did I?). My point is houses aren't as affordable as they where in 1981. You say about the black and white portable, my point is technology moves on (I look forward to 30 years from now when I can say at 27 I 'only' has a 40" LCD TV).

In short there is more temptation for us youngers ones to not save, but its not easier.

To ask the question asked before, if you where doing the same jobs now as you where in 1981 would you be able to buy the house you bought back then, probably not or it would be harder.

Yes the generation before may have had it hard, but we have got it harder, yes great we can get clothes cheap now so don't need to make our own, yes TV's have got bigger, yes foreign travel has got cheaper, but please don't make out we are lucky, I would give that all up for a £36k 3 bedroom house, I value my future with my wife to be and future children more than a new iPhone.

ILW

Running_Horse wrote: »

I don't want my daughter to be a Rothschild, just a well adjusted hardworking happy member of society. The fact you laugh at moral guidance shows how little you understand parenting. I will leave my house to my daughter, but will not bring her up to hope for an inheritance. I inherited nothing from my parents.

Unless it has te be sold to pay care home fees.

ninky_2

ILW wrote: »

Unless it has te be sold to pay care home fees.

there's always dignitas. something no pension plan should be without.

ILW

ninky wrote: »

there's always dignitas. something no pension plan should be without.

God, you are a hard b1tch:D

Cleaver

PasturesNew wrote: »

I don't want to work in Aberdeen...

Today, the jobcentre website had 2 jobs on it for my area + 15 miles:

1] Cleaner, 3-10 hours/week.
2] Hotel porter, 12-16 hours/week.

As we've said before though, the general way to fill pretty much any position above minimum wage, in order of preference, is:

1) Look to promote internally from your team, then promote internally in to their job so that people within your organisation develop;
2) Look to promote internally from someone else's team or elsewhere in your organisation;
3) If that isn't happening, put your feelers out to organisations you work with, used to work for or are your rivals and sound out people to see if you can poach them;
4) Go to the specialist recruitment consultants you use;
5) Go to general recruitment consultants;
6) Advertise the job in the national / local press

...and if all that fails...

7) Stick it in the job centre.

Generally we will always go down routes 1, 2 and 3 to employ and this is normally successful. Sometimes whilst advertising externally aswell just to shake things up. I've never even thought of using the Job Centre to advertise any position I've needed to recruit to, as it really would be an absolute last resort. We seem to use the Job Centre quite regulary on here as some sort of barometer for salaries, jobs available etc. when we really shouldn't as, sadly, it's not really connected to the real world of employment.

ninky_2

ILW wrote: »

God, you are a hard b1tch:D

it's on my cv between hippy liberal yogurt knitter and comrade in arms.