The generation poorer than their parents

shortchanged_2

I think a major problem we have at the moment is that the housing market is upside down. In that the people who need/require the bigger houses i.e the families of this generation, are really struggling to be able to afford what can be classed as a family house.

Percy1983

DervProf wrote: »

Some childless people don't cheer HPI. I have no children and I stand to gain financially from HPI, but I happen to think it is not a good thing. For me, yes, but I can see beyond my own bank balance.

Well it isn't just the no children thing, its mixed with a high level of selfishness.

Clearly this trait isn't present in you.

IronWolf

Its a sorry state of affairs really. But its one of the prices we have paid for the great increase in wealth we have seen in the country.

I am one of the unfortunate few who has to pay for the older generations. I don't have any grandparents to leave me houses, my parents aren't well off, they missed most of the house price increases themselves although theyre lucky now to own a small house and be mortgage free but thats only because they were responsible and saved all their lives.

For me Im in a good job, well paid, but still dont think I'll be able to get even a 1 bed flat any time soon. The market in London is just ridiculous.

shortchanged_2

Percy1983 wrote: »

To pay the boomers pensions and care?

Or to bail out the banks.

DervProf

MFW_10YRS wrote: »

Then why not quote the original article? After all, that is what we are debating on this thread. :cool:

I was simply raising a few opposite points to some of the things you pointed out. I am not saying you were wrong to make those points, and I kind of agree with them. I was just trying to further the debate.

wotsthat

Percy1983 wrote: »

It does make we wonder when will cracks start to show, in short you there is 2 groups, the 'have's' (generally older) and the 'have nots' (generally younger), the laws of science say the younger group will grow while the older group will die, so at some point there will be enough young to shout loud enough to be heard.

The older bunch snuff it.

The younger group grow up, get a more mature outlook on life, and turn into the middle-class.

The younger group then have children. These children get older and end up with crippling entitlement issues because their parents (take your pick):

a) bought BTL's on the moon pricing them out
b) can afford two space cruises a year and they can only afford one
c) just got lucky because they had an earlier birth date.

and so on.

DervProf

IronWolf wrote: »

Its a sorry state of affairs really. But its one of the prices we have paid for the great increase in wealth we have seen in the country.

I am one of the unfortunate few who has to pay for the older generations. I don't have any grandparents to leave me houses, my parents aren't well off, they missed most of the house price increases themselves although theyre lucky now to own a small house and be mortgage free but thats only because they were responsible and saved all their lives.

For me Im in a good job, well paid, but still dont think I'll be able to get even a 1 bed flat any time soon. The market in London is just ridiculous.

But you must realise that HPI is a good thing, and it's what the country needs right now.

MFW_10YRS_4

DervProf wrote: »

I was simply raising a few opposite points to some of the things you pointed out. I am not saying you were wrong to make those points, and I kind of agree with them. I was just trying to further the debate.

Oh, is that what you were doing? Hmmmnnn. :cool:

DervProf

MFW_10YRS wrote: »

Oh, is that what you were doing? Hmmmnnn. :cool:

Erm, yes.

I think I know what you think I was doing, but you would be wrong to think that. I'd be happy to continue with that discussion, as I think it's fairly interesting.

ILW

DervProf wrote: »

All of them, if they were born 40-50 years ago.

I think it's worse to live a "basic" lifestyle today. There's more to see that you are missing out on.

Most could buy a house now if they did live a basic 70s lifetyle.

Start work at 16
Live with parents until late twenties.
No more than 3 weeks holiday per year.
No foreign trips.
Meal out once or twice a month at most.
Do your own car repairs.
No renting movies, wait 2 years for them to come on the telly.
etc etc.