Baby Boomers making out like bandits as usual

RenovationMan

abaxas wrote: »

Take for example.

In the 60/70's there was huge building in the area where I was born. Lots of people moved in and had families.

Recently there has been attempted planning permission for more homes and the people who originally moved into the estates are complaining about more building.

The people who took advantage of the building boom in the 60/70s are now refusing any more building in the area.

Hypocrisy at it's best.

We have different economic events to take advantage of. For instance, did you take advantage of lax lending laws to get the biggest house possible, are you now taking advantage of super low interest rates to pay down that lending?

Are you taking advantage of free movement of citizens around Europe, working away in foreign lands but paying comparatively low UK taxation?

Are you taking advantage of the internet, a medium that was not even conceived during boomers time that allows ordinary people to create a website for a few pounds and become billionaires?

Are you taking advantage of a freer society not governed by class or background where all children can go to university if they want to and get as high as they want (and their skills allow) within a company?

Did you take advantage of the housing boom in the 2000's? Will you take advantage of the next boom.

Each generation has its advantages and some people take hold of those advantages and others don't.

Jimmy_31

Going4TheDream wrote: »

I quite admire you, and it you have the support of your parents who allow you to say at home when necessary (without taking advantage of them!) then good luck to you, what many people fail to grasp is many parents
today are asset rich but cash poor and the only way they can help their kids is by having them stay at home.

Yes my parents are in no position to help me out towards a house deposit but they understand what its like now for the younger generation so have no problems with me staying at home when im around.

Jimmy_31

ILW wrote: »

With no outgoings, you should be able to save up 10 grand in no time.

I did that quite a while ago, i am self employed in the construction industry so nobody would touch me with a deposit of that size.

Jimmy_31

reweird wrote: »

Moving out of home and living independently, standing on your own 2 feet builds character and turns a boy into a man. I moved out to go to University at 18. It is just utterly pathetic that we have a generation of children pushing 30 who live at home and have zero concept or hope of being a man.

Lift your head up boy:)

ILW

Jimmy_31 wrote: »

I did that quite a while ago, i am self employed in the construction industry so nobody would touch me with a deposit of that size.

Keep it up and you will soon be able to get one of them £70k houses in your area.

abaxas

RenovationMan wrote: »

We have different economic events to take advantage of. For instance, did you take advantage of lax lending laws to get the biggest house possible, are you now taking advantage of super low interest rates to pay down that lending?

Are you taking advantage of free movement of citizens around Europe, working away in foreign lands but paying comparatively low UK taxation?

Are you taking advantage of the internet, a medium that was not even conceived during boomers time that allows ordinary people to create a website for a few pounds and become billionaires?

Are you taking advantage of a freer society not governed by class or background where all children can go to university if they want to and get as high as they want (and their skills allow) within a company?

Did you take advantage of the housing boom in the 2000's? Will you take advantage of the next boom.

Each generation has its advantages and some people take hold of those advantages and others don't.

My point is and will always be, things should always improve. If as a country we stop wanting that, we are fooked.

reweird

ILW wrote: »

Keep it up and you will soon be able to get one of them £70k houses in your area.

You forgot to add... 'and finally grow a pair, and move out of mom and pops to let them enjoy their own life and money'.

Beetlemama

Wow, this is the story of my life with a few minor changes:

Going4TheDream wrote: »

My parents worked hard to get on the housing ladder. We lived in a sh!tty rented basement flat (top floor flat) in London whilst they saved their a$$es off to make life better for me and my sister. Neither went to Uni and both held down fairly average working class jobs.

We left London when I was (1) 4 and moved into a new house. By todays standards very cheap yes but it still took lots of budgeting to afford it. We didn't have a car, my dad (got a lift until I was 6) cycled 10 miles each way to work and back, in all weathers.

Clothes were handed down from me to my sister, and there were not the luxuries that many youngsters today seem to consider as normal. Christmas and birthday meant one small present and a few bits, stuff that we needed, like a new dressing gown not the plethora of expensive gifts that again seem to be the norm for young people today.

It was only a few years later when my sister and I went to (junior) 'big' school that my mum worked and even then only part time, it just wasn't worth it before as childcare was so expensive and there were no government hand outs (working tax credits/child tax credits and such like there are today (except family allowance).

It was just as well she did as there were three day working weeks and all sorts and that helped us keep paying the mortgage. Yes things got better and we were able to have holidays and a car but we were never a frivolous family, meals were home cooked, (no) few takeaways and even fewer meals out. My folks hardly ever went out.

As it happens my folks divorced and the house (stayed with my mother and she still lives in it) ended up being sold prior to massive price hikes but had they still been living there, which they would as the house was a home, I would not begrudge them on penny of its wealth or value today.

There are many many people like my parents (exactly like your parents!), who had no influence over the rising price of their properties and most see them as homes.

What exactly do you propose that these 'baby boomers' do to help the situation?

Youngsters today need to knuckle down, determine how important owning a house is and then make the necessary lifestyle choices to support that. It would seem that too many want it all and are not prepared to make the sacrifices to get it. Ditch the sky tv, ditch the nights out, ditch the holidays, cut out the new clothes, lose the fancy new smart phone and expensive contract, etc. These are the nice to haves when you can afford them. I know there are many that do this but many dont. They have come to see such things as necessities and not the luxuries that they are.

(sorry rant over)

And so say all of us! I remember the coal strikes and power cuts of the 70's, all living in one room because there was no coal for the front room fire and it was too cold to go upstairs (no central heating) so we moved the TV to the back room and rationed use of the gas fire to keep us all going. And I swear to God it was so much better then still....

ILW

abaxas wrote: »

My point is and will always be, things should always improve. If as a country we stop wanting that, we are fooked.

Things go up and down, just expecting things to get better just leads to disappointment and bitterness.

ruggedtoast

ILW wrote: »

Things go up and down, just expecting things to get better just leads to disappointment and bitterness.

A classic case of Boomer Hypocrisy. Things have only gone up for you lot, you've passed the pain down to the generation below.

Fancy £50k of debt for a university education (or polytechnic of which there were many pre 1995) and a starter home at 12 times the average graduates salary when you finish? No thought not.

Not that most of you seem to have actually bothered to get any kind of education. As far as I can tell most people over 50 usually laugh when you ask them about qualifications and say they have half an O level in Greek Geography or something, because O Levels back then were of course, 423 times harder than A Levels are now, which is why 3 years of higher education is now the unhappy lot of anyone who so much wants a temp job filing.

Its fine when its other people though isnt it because you can point out they may have the dreadful temerity to have a mobile phone and go on holiday from time to time therefore deserve to have nothing.