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Resentment of this generation
Comments
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Err, "changing incentives" as you put is dictating what people can or can't do,
The govt have put up cigarette tax. Yet people still smoke. If it were "dictating" then nobody would smoke. Changing incentives just means you encourage a particular form of behaviour and discourage another. That's not "dictating". Making smoking illegal would be "dictating".as its making a judgment that a particular way of how people choose to live in homes is not beneficial to society, and the tax system is used to enact this.
Yes. It's such a fundamental aspect of the tax system used for so many other things - pollution, smoking, drinking, pension saving, charity giving etc. The tax system is designed to encourage a particular behaviour that the govt reckons is beneficial.
A stable housing market with affordable housing for everyone is beneficial.How is this the same? Property isn't being wasted - under utilised perhaps - but what you're suggesting is dangerously close to allocating all property to need rather than the market - personally I would not feel comfortable with that.
Nor would I. But changing tax policy for housing would be no more "allocating according to need" than road tax changes, cigarette tax rises etc.Saying that, I think more should be done to bring empty homes into use.
Like no discount on council tax...I believe the reason why there's a single person discount is that one person would use less council services than 2 or more persons, hence the discount. It is just 25% though rather than 50%. It isn't actually a tax on the property, but rather the occupants, hence why tenants pay it.
The poll tax was a tax on the occupants. The council tax is a tax on the property, or rather the usage of the property. That's why a couple in a poky flat pay less council tax than a couple in a mansion - it bears no relation to the amount of council services they are likely to use, it bear a relation to the value of their house.0 -
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.
Will you be able to buy the electric to run it?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
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/
http://www.hiscox.co.uk/about-us/wealth-report/
Don't think the poster is asking for you to feel sorry, just making the point, as a number have that things don't really change. We have all had issues to bear.
I really don't know where all this BTL tosh comes from. Yes they are out there, if there wasn't a demand they wouldn't prosper. they have always been there like prostitution and pawn brokers.
I do accept that in honey pots you do get distortion."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
This does not bare scrutiny. Look, back in the 80's it was relatively easy to find a plot / an old greenhouse site (I know dirt poor Italinas that bought greenhouse land no one wanted, for peanuts and who became millionaires due to the LUCK of the booms), all manner of opportunities that ordinary folk stumbled into. Fast forward to the noughties and those lucky folk have found themselves millionaires - I see this sort of thing all the time. One near me has just sold his garden on for a vast sum.
He is just an ordinary Joe who bought a very average easily obtainable place back in the 80's. He is not clever or canny and has not worked hard, it's just pure luck.
Now, here's the thing, I as a keen investor now just cannot find these sorts of property now - folk are much more wise to the potential of thier proprties and so finding that lucky gem is just almost impossible.
I have a right thicky builder type client not far from Loughton and again he just stumbled into bargains in the past, did them up and made himself a pile of cash - anyone could have back then but now it's very much harder. He lords it up as if he deserves what he has, but it was all just luck and right place right time. That grates on some.
It's for these sorts of reasons that there can be a tension. Smug people recanting tales of how they bouyght a nice detached way back when and now arfe able to sell off halve the garden. They speak as if they are canny and wise.
There are always going to be speculators and parasites."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Don't think the poster is asking for you to feel sorry, just making the point, as a number have that things don't really change. We have all had issues to bear.
But in that particular year, 1963, it seems like it was easier for a couple on an average income to buy a family home in London. Obviously I accept that there have been periods since where it's been as hard to buy as now.0 -
I think the point some people would make is that to buy a family home in Greater London today, you might need to borrow more than £104,000 (your mortgage in 1963 was 3.3x your income, that is 3.3x your 1963 income in today's money). Obviously I don't know what kind of property you bought in 1963 though.
That is not the fault of the older generation though."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Running_Horse wrote: »Why is there an assumption that every generation will be better off than the last one?
It is not an assumption, it is doctrine. Being doctrine, it comes from "our betters."Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
grizzly1911 wrote: »That is not the fault of the older generation though.
I didn't say it was.0 -
Well that property is on for £215,000. If a family earning £35,000 (your 1963 household income in today's money) wanted to buy it with a mortgage 3.3 times their income (like you did in 1963), they would need a deposit of £99,500.
Yep my mum and dad did that from scratch, 40% deposit, 5X multipier, medium, waged job, prospects in 1958 so what."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
How long did it take them to save for a 40% deposit?0
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