The generation poorer than their parents

geneer

ILW wrote: »

How many of the current "younger generation" would want to live a basic 70s lifestyle?

Your point?

MFW_10YRS_4

DervProf wrote: »

I would have said that it was more of an expectation in the 70s. Today, any young person who looks beyond the property !!!!!! on TV will realise that they will need a well paid job to be able to buy a place of their own. Of course, those who are spoiled by their parents, or who don't know the value of money, will probably just expect that they'll be able to buy a home.

I think the expectation in the 70's was more to rent a council house than to own your own:

http://www.bbc.co.uk/iplayer/episode/b0109dvs/The_Great_Estate_The_Rise_and_Fall_of_the_Council_House/
"At its height in the mid-1970s, council housing provided homes for over a third of the British population."

ILW

geneer wrote: »

Your point?

My point is that saying every was so woderful back then is a load of rubbish.

DervProf

MFW_10YRS wrote: »

I think the expectation in the 70's was more to rent a council house than to own your own:

http://www.bbc.co.uk/iplayer/episode/b0109dvs/The_Great_Estate_The_Rise_and_Fall_of_the_Council_House/
"At its height in the mid-1970s, council housing provided homes for over a third of the British population."

So two thirds lived in their own homes (maybe a few of those did rent property privately).

While the expectation may have not be so great to buy a place, it's obvious that the majority did choose to own their own place.

FTBFun

DervProf wrote: »

So two thirds lived in their own homes (maybe a few of those did rent property privately).

Not quite. It was more like this (in 1971 anyway)

52% owner-occupied
29% local authority/housing association
29% private rented

page 30

http://www.communities.gov.uk/documents/housing/pdf/138151.pdf

Obviously being "priced out" doesn't sound quite right when you note that owner occupancy in recent times is more around the 70% level.

ILW

So it appears that it was harder for much of the older generation to buy their own place than it is for the current "whinging" generation.

abaxas

ILW wrote: »

So it appears that it was harder for much of the older generation to buy their own place than it is for the current "whinging" generation.

So it appears that it was easier for much of the older generation to rent their own place than it is for the current "whinging" generation.

Different times.

Wobblydeb

Stop fretting - it will all be resolved when the baby boomers hit care home age. There will be a glut of houses coming to market to drive prices down.

The generous baby boomer pensions will also be chasing limited resources. All the services they need (and people to provide those services) will be in demand hence driving up wages....

Simples

ILW

Wobblydeb wrote: »

Stop fretting - it will all be resolved when the baby boomers hit care home age. There will be a glut of houses coming to market to drive prices down.

The generous baby boomer pensions will also be chasing limited resources. All the services they need (and people to provide those services) will be in demand hence driving up wages....

Simples

Don't count on it, we will just import labour which will keep wages down and prices up.

abaxas

ILW wrote: »

Don't count on it, we will just import labour which will keep wages down and prices up.

You are assuming the youth dont decide to take charge.

And I dont mean via democracy.