Resentment of this generation

grizzly1911

Kohoutek wrote: »

Fair enough. Saving from the age of 14 to 35 before buying is not something very many people would contemplate today. The expectations that have been set over the last 10 years are obviously much too high to think of that.

I guess it was probably the 11 years of marriage when they did most of it.

Don't forget they didn't have all the distractions of choice that many chase these days:- Brands, IPAD/PHONE, foreign holidays, stag weekends in Amsterdam.... Student loans etc.

I know I have teenagers too.

There is a balance to be struck.

Percy1983

grizzly1911 wrote: »

Para 1:- stop doing charity work and get a better paid job, get another job, move to cheaper area or move completely.

I am in a very well paid job (I am an accountant).

I can assure you there isn't many cheaper areas than here in sunny Oldham.

So I shouldn't do charity work? This point interests me and maybe this is what is wrong with the world, I do charity work because if I didn't do what I do nobody would, which would lead to 100s of children missing out on something which they all seem to love in my case.

I can get by on my current wages so use my spare time to make the world a little bit better, surely we could all do a little?

grizzly1911

Percy1983 wrote: »

I am in a very well paid job (I am an accountant).

I can assure you there isn't many cheaper areas than here in sunny Oldham.

If you are an accountant with a well paid job you can probably buy Oldham so why moan?

The inference I took, from your post, was that you couldn't afford to get on the ladder as you did charity work.

I have no problems with charity work when you can "afford" to do it it. I don't like it when it is used an excuse in it's own right.

Thank you for helping those kids.

FTBFun

Percy1983 wrote: »

Not so much dictate, more make it a lot less attractive so more houses become homes and not investments.

As for the arguement of they supply a service to those who can't afford a home... half of the reason many can't afford is because the BTL landlords have bought/are buying many typical FTB homes.

The end of the day if someone expects me to pay the mortgage I want a percentage of the house.

If this is true why was the level of owner occupancy (pre-credit crunch anyway) at its highest level in history?

Not everyone is able to buy a home, nor should they expect to.

Percy1983

grizzly1911 wrote: »

If you are an accountant with a well paid job you can probably buy Oldham so why moan?

The inference I took, from your post, was that you couldn't afford to get on the ladder as you did charity work.

I have no problems with charity work when you can "afford" to do it it. I don't like it when it is used an excuse in it's own right.

Thank you for helping those kids.

Fair enough I guess it could have been read that way, by all means I can afford a house quite comfortably and as soon as the deposit is together we are buying.

I am not so much here to moan but more debate the point this thread is about, I guess it more a case just because I am alright I haven't forgotten all those who aren't.

FTBFun wrote: »

Not everyone is able to buy a home, nor should they expect to.

Why not? (serious question)

FTBFun

Percy1983 wrote: »

Why not? (serious question)

Because not everyone has the financial discipline to do so, I'm afraid. It's one heck of a commitment - not just building up a deposit, but also servicing a mortgage - and that just isn't in a lot of people. One can tell by the personal unsecured debt figures that pop up every know and again.

Percy1983

FTBFun wrote: »

Because not everyone has the financial discipline to do so, I'm afraid. It's one heck of a commitment - not just building up a deposit, but also servicing a mortgage - and that just isn't in a lot of people. One can tell by the personal unsecured debt figures that pop up every know and again.

Fair enough, but there is also many who could service a mortgage but can't get one.

Maybe I should word it another way, buying should be in reach to anybody who works, if people push it out of there own reach thats there problem.

thorsoak

Percy1983 wrote: »

I am in a very well paid job (I am an accountant).

I can assure you there isn't many cheaper areas than here in sunny Oldham.

So I shouldn't do charity work? This point interests me and maybe this is what is wrong with the world, I do charity work because if I didn't do what I do nobody would, which would lead to 100s of children missing out on something which they all seem to love in my case.

I can get by on my current wages so use my spare time to make the world a little bit better, surely we could all do a little?

So, if you can get by on your currrent wages, why not try saving as well? To use your spare time doing charity work is laudable indeed - but are you saying that we, who scrimped and saved for our deposits should just turn belly-up and open our bank accounts to you in order for you to get your deposit? I've helped four families with their deposits - charity begins at home, remember

Oh - and btw - yes, I do charity work too!

dandy-candy

Sorry got to page 7 and then couldn't face reading it all. Just wanted to mention that with regards to baby boomers taking out more that they put in and sitting in nice overly priced house, don't forget that the tax man takes a lovely big chunk of that in IHT. My mum inherited a house worth £1 million seven years ago and and had to pay 40% IHT. Mum just died this April, the house is now worth £1.8 million and the tax man is about to get yet another 40% of its entire new value....

Conrad

dandy-candy wrote: »

Mum just died this April, the house is now worth £1.8 million and the tax man is about to get yet another 40% of its entire new value....

I'd love to be in your position. I've always wanted independant wealth like this just falling into my lap so that I could follow my dream of being a wildlife rearcher etc. It is incredibly tiring to have to keep working in something just to get through life, where others around you have the independant wealth to have that incredibly feeling they are free and able to set thier own course. Behind many a respected historic figure is a story of gifted wealth - Darwin for example.