Resentment of this generation

zagfles

grizzly1911 wrote: »

First Para:- Titanic,shuffle, chairs arrange as you want. Taxation, as a whole, has/is rising for Janet and John endlessly we still have a deficit and we still have problems like housing.

Para2:- I would suggest that the majority of people buy a property for somewhere to live first and foremost, the fact that it is an hedge against inflation is the incentive because it is not dead money. I accept that there are speculators particularly in honey pots e.g. London and nice places like the Lakes/Cornwall/Devon.

If they don't buy then they need somewhere to live fueling

Para3:- Which if policed properly should also be taxed.

I was not aware that property availability had exceeded demand (apart from in pockets), where did that "statistic" come from (genuine question).

The reason I am surprised at that fact is that surely there would be no incentive for BTL, and prices would be going down.

I certainly see very few vacant properties around about.

What I do think is an issue is affordable social housing and the lack of investment there which has then fueled speculation. It also didn't help that vast housing stocks were sold off for political reasons.

This country has been run like it has been closing down for the last 40 years, everything has been sold off cheap to keep us afloat.

From council housing, utilities, telecoms, trains, airwaves, steel, coal (closed down I know but we still import the stuff), gold for example.

Trouble is there is little else to sell.

See http://www.statistics.gov.uk/hub/people-places/housing-and-households/households - the number of smaller households (especially single person) has increased massively over the last few decades while the number of bigger households has fallen.

This results in a waste of property, eg a single person living in a 4-bed house is wasting accomodation that could be used for 3 other people, and so this inefficient use of property means there's a shortage and so prices increase.

We have enough property in the country to house everyone, afforably, if the incentives were there to use property efficiently rather than waste it.

ukcarper

zagfles wrote: »

Or as people did in the past he could have stayed with his parents, shared a house with mates etc until the time when he actually needs his own place like when he gets married/starts a family etc.

So reducing the demand, which in the main has been fed by single people choosing to live alone, not because they want to live alone, but because of the obsession about getting on the "property ladder", which has been fed by the vicious circle of people thinking if they don't buy now they'll never be able to afford a house feeding back into rising prices.

There have always been people who could afford to move away from their parents and did. Not many single people can afford to buy a large house and I would think the numbers who do are quite small and have very little or no effect on the price of smaller properties.

I’m not sure the majority of people who live alone have an obsession to get on the property ladder after all a large number of single people rent properties on their own.

grizzly1911

zagfles wrote: »

See http://www.statistics.gov.uk/hub/people-places/housing-and-households/households - the number of smaller households (especially single person) has increased massively over the last few decades while the number of bigger households has fallen.

This results in a waste of property, eg a single person living in a 4-bed house is wasting accomodation that could be used for 3 other people, and so this inefficient use of property means there's a shortage and so prices increase.

We have enough property in the country to house everyone, afforably, if the incentives were there to use property efficiently rather than waste it.

Interesting reading thank you.

Taking your last para that would be easier to achieve in a "commune" style rather than reality in the short/medium term at least.

As older style properties have been converted this is already happening and has done for sometime.

The problem with our eco box housing is it doesn't lend itself to this type of redevelopment.

No doubt the people who influence the strategy are factoring this into future developments. What we need is tactical transition which may need further building as a step to getting there. Allowing the market to dictate in isolation isn't helping.

FTBFun

zagfles wrote: »

Or as people did in the past he could have stayed with his parents, shared a house with mates etc until the time when he actually needs his own place like when he gets married/starts a family etc.

So reducing the demand, which in the main has been fed by single people choosing to live alone, not because they want to live alone, but because of the obsession about getting on the "property ladder", which has been fed by the vicious circle of people thinking if they don't buy now they'll never be able to afford a house feeding back into rising prices.

I bought my flat after getting fed up with housesharing, and also it was cheaper than renting an equivalent property.

I say again - how is it any of your business how people choose to live their lives?

thorsoak

Speaking as one of the generation that you resent so much, I ask you : what do you want us to do about it?

Yes, way back in 1963, with a salary of less than £1,000 per annum BETWEEN US, we managed to secure a £3,300 mortgage at an interest rate of 6.125% fixed rate from the then London County Council - who were the first people, I believe, who allocated mortgages to people who lived/worked in the Greater London area without regardless of income. They stated quite categorically that if there were 3 mortgage payments missed, then there would be "severe repercussions".

But there again, we did not feel that we were "entitled" to 3 or more holidays abroad each year, we did not run 2 cars/have more than 1 tv (if one at all) - let alone washing machine/fridge/freezer/new furniture. Our expectations were less than the current generation - but that was then and this is now.

Two generations before my generation, my grandparents shared a house with their parents/grandparents - my own parents (and my OH's parents) did not have the money to buy their first homes until late 1950s - so what comes around, goes around.

I ask again - what do this oh-so resentful generation want us to do now?

Kohoutek

thorsoak wrote: »

But there again, we did not feel that we were "entitled" to 3 or more holidays abroad each year, we did not run 2 cars/have more than 1 tv

You can't argue against stereotyping "your generation" by stereotyping "this generation". :rotfl:

Percy1983

thorsoak wrote: »

But there again, we did not feel that we were "entitled" to 3 or more holidays abroad each year, we did not run 2 cars/have more than 1 tv (if one at all) - let alone washing machine/fridge/freezer/new furniture. Our expectations were less than the current generation - but that was then and this is now.

Times move on, I see resentment because we can go abroad for what blackpool would have cost you, We can have a TV in every room for what 1 TV would have cost you etc etc. I look forward to being old and being able to say 'I had to make do with a 40" 1080p LCD TV, as a child laughs at that statement'

As for expectations, all I want is a stable home for my wife to be and planned children.

thorsoak wrote: »

I ask again - what do this oh-so resentful generation want us to do now?

Sell up the BTL empires or at least stop buying more.

Graham_Devon

thorsoak wrote: »

But there again, we did not feel that we were "entitled" to 3 or more holidays abroad each year, we did not run 2 cars/have more than 1 tv (if one at all) - let alone washing machine/fridge/freezer/new furniture. Our expectations were less than the current generation - but that was then and this is now.

The washing machine and holidays again?

Wow.

It's cheaper to go abroad now than it often is to holiday in the UK. The holiday industry was booming in the 60's and 70's I believe. There were entire sitcoms based on it. It's not like people simply didn't have holidays 40 years ago. Just the type of holidays has changed. But the money involved probably hasn't changed that much. In general, the brits are known for going on cheapo holidays to select EU regions. Just as they were known for going to (now run down as it's no longer viable) parts of the english coast. Blackpool, Bognor, North wales.

Todays generation have not got 2, 3D Televisions in the house. They don't have expensive natural ground heat pumped into their homes. They don't have solar panels on their rooves. They don't have whatever other technology is yet to become available at efficient price levels which makes it the norm.

No doubt we, as a generation however, will look back and say "we didn't have x, x, and x", ignoring the fact that it wasn't the norm, or even accesible to the masses in our day, and have a pop at the generation that has got it.

Kohoutek

thorsoak wrote: »

Yes, way back in 1963, with a salary of less than £1,000 per annum BETWEEN US, we managed to secure a £3,300 mortgage at an interest rate of 6.125% fixed rate from the then London County Council

Are we supposed to feel sorry for how much your family earned in 1963? It's almost exactly the same as the average household income today.

http://www.measuringworth.com/ukcompare/

In 2009, the relative worth of £1000 0s 0d from 1963 is:

£15,600.00 using the retail price index

£16,100.00 using the GDP deflator

£34,600.00 using the average earnings

£39,800.00 using the per capita GDP

£45,900.00 using the share of GDP

http://www.hiscox.co.uk/about-us/wealth-report/

The Hiscox Wealth Review 2009 reveals that more than 2.5 million UK households are now identified as wealthy, with an average annual income of almost £93,000* – close to three times the national average household income of £35,000

thorsoak

Percy1983 wrote: »

Times move on, I see resentment because we can go abroad for what blackpool would have cost you, We can have a TV in every room for what 1 TV would have cost you etc etc. I look forward to being old and being able to say 'I had to make do with a 40" 1080p LCD TV, as a child laughs at that statement'

As for expectations, all I want is a stable home for my wife to be and planned children.



Sell up the BTL empires or at least stop buying more.

Well actually, I don't have a BTL empire - all I have is a mortgage-free home, no money in the bank, and now, no OH.

And I'd swap with you in a heartbeat, if I could have OH back.