Baby Boomers making out like bandits as usual

StevieJ

beckythemadcow wrote: »

Whereas my mum ('64) dropped out of school after O-levels, made a killing on her hpi, and the low interest is helping her pay off the second remortgage.

Nan ('44 - I had her classed as a boomer, obviously not) bought her first house at about 25, and has made even more on her house.

I won't benefit from either at any useful time, they both have a long way to go!

I do not begrudge anyone good luck (which is what the boomers had), but what pi55es me off, is the older people here, saying it IS easy now, and that if we didn't buy iPhones, we'd be ok.

:mad:

Wait a minute I bought in 88 and my mortgage was horrrific within a couple of years (£440 a month for a FTB property in the North), you can probably get a mortgage for that cost now. I must admit HPI was looking very unlikely for me at the time, good to know you can forsee the future.

sheffield_lad

beckythemadcow wrote: »

Great for the 40 year olds, but what about those 23-25 year olds who have just entered the world of work?

Me = 24 (married)
-Graduated 2 years ago (worst time ever for a graduate - also first to pay £3k fees each year)
-Currently highest unemployment for 17 years (since I was 7)
-Saved HARD, no nights out / £6 phone contract / 10 year old car etc etc
-Have pathetic interest rates while I save, to save for a huge deposit for a hugely expensive house. Can't get a mortgage due to harsher lending criteria (we are on temporary contracts even though we have been working multiple jobs at once and earning enough to cover repayments)
- DH and I have £60K student debt (no CC or overdrafts)

Whereas my mum ('64) dropped out of school after O-levels, made a killing on her hpi, and the low interest is helping her pay off the second remortgage.

Nan ('44 - I had her classed as a boomer, obviously not) bought her first house at about 25, and has made even more on her house.

I won't benefit from either at any useful time, they both have a long way to go!

I do not begrudge anyone good luck (which is what the boomers had), but what pi55es me off, is the older people here, saying it IS easy now, and that if we didn't buy iPhones, we'd be ok.

:mad:

I left school in 1986 with no (zero), qualifications! Have a look what life in a steel city was like in the eighties not good, Admittedly no debt but a YTS job for 2yrs before getting a job was no walk in the park either.

But I didn't hear anyone saying the older generation had it easier, you have to make your life better nothing gets handed to you on a plate.

Teenagers look at programs like the x factor and expect life to be straight to the top with no hard work involved we have Uni graduates coming into our/my workplace at a lower level than their 'media studies degree' or NVQ level 3 in paper shuffling (but not before a risk assessment), say they should be, when I ask how they are getting on they have unrealistic expectations and believe they should be running the department shortly after working out how the coffee machine works!! lol

Nobody likes hard work but you need to achieve something before your salary rises.

wotsthat

StevieJ wrote: »

Fair enough, £25 and say 20p a minute when in dire need should cover it

http://www.amazon.co.uk/Nokia-1800-Vodafone-Pay-You/dp/B003YBW8BG/ref=sr_1_2?ie=UTF8&qid=1319484302&sr=8-2

I can just imagine telling my two teenage children that I'm swapping their (bomad funded) Blackberries for that 'phone!

ukcarper

beckythemadcow wrote: »

Great for the 40 year olds, but what about those 23-25 year olds who have just entered the world of work?

Me = 24 (married)
-Graduated 2 years ago (worst time ever for a graduate - also first to pay £3k fees each year)
-Currently highest unemployment for 17 years (since I was 7)
-Saved HARD, no nights out / £6 phone contract / 10 year old car etc etc
-Have pathetic interest rates while I save, to save for a huge deposit for a hugely expensive house. Can't get a mortgage due to harsher lending criteria (we are on temporary contracts even though we have been working multiple jobs at once and earning enough to cover repayments)
- DH and I have £60K student debt (no CC or overdrafts)

Whereas my mum ('64) dropped out of school after O-levels, made a killing on her hpi, and the low interest is helping her pay off the second remortgage.

Nan ('44 - I had her classed as a boomer, obviously not) bought her first house at about 25, and has made even more on her house.

I won't benefit from either at any useful time, they both have a long way to go!

I do not begrudge anyone good luck (which is what the boomers had), but what pi55es me off, is the older people here, saying it IS easy now, and that if we didn't buy iPhones, we'd be ok.

:mad:

This is a very bad time to be looking for a job but don’t think everybody who bought in 70s has benefited from hpi as they have been just as expensive in relation to earnings in the past.

StevieJ

wotsthat wrote: »

I can just imagine telling my two teenage children that I'm swapping their (bomad funded) Blackberries for that 'phone!

My phone is a 2004 Nokia 6170 using O2 simplicity (300 minutes £10), I think I have done my days in the wilderness and I am going to splash on a new IPhone

JayBrun

The way this thread is going most of the boomers will be dead before this thread is - RIP.

Edit: Whatever useful purpose this thread could have served died some time ago and seemed to pass by unnoticed.

wotsthat

StevieJ wrote: »

My phone is a 2004 Nokia 6170 using O2 simplicity (300 minutes £10), I think I have done my days in the wilderness and I am going to splash on a new IPhone

A Nokia 6170 - take the shame!

Graham_Devon

Oh just bring on one of the house price threads, and say it's harder today.

Same people as on this thread telling the younger generation they never spent a penny, will tell you how their washing machine cost tripple what ours do now and that they had to pay £400 for a VCR.

Of course, this thread, they spent nothing, and had no technology which they bought into, whatsoever.

But do you know how much a VCR cost in 1980? Do you!? Do you know how much a walkman cost?! Do you!? And records, they were damn expensive too. Couldn't play them on a £20 item from Tesco either, had to buy expensive hi fis to play them on. You know how much that all cost!??

Woe betide you if you have a phone though. You can do without. And an Iphone? Scandal....write off the whole 20-30's generation because of the avaliability of such an absurd piece of technology.......bt don't forget how we had to cope with top loading VCR's costing nearly a months wages. We had it hard we did, and we'll take great pride in telling you how much this stuff cost back then making out we had it harder....but we'll also take great pride in telling you no one actually bought this stuff that ended up in peoples homes up and down the country. Aye....thats because were older and wiser. The charts in them good days....just made up as no one actually bought music as we had to save up for our tin pot to pee in.

Jimmy_31

reweird wrote: »

Nah JimmyLad you are knackered any which way. Whoever heard of a builder who cannot build? Whatever next, a mathematician who can't count? If only you'd learned some decent usable, marketable skills suitable to your lowly level you might not still be stuck at home pushing mid-thirties. Point in case, what type of idiot finally realises he's misclaimed travel expenses after SIX YEARS? A retard JimmyLad, a RETARD.

I am not a builder.

It seems you have not got a clue what a builder is (quite basic knowledge really), my nephew is 4 and knows what bob the builder does and also knows what a plumber, spark, bricky etc does.

Whoever heard of a pilot who couldnt fly a plane, (i can talk 8ollocks to)

The skills i have got can earn me quite a large sum of money per day once the work comes back.

I am not stuck at home as i have quite a large house deposit in place so could move out anytime i wanted but seeing as i work away a lot it seems quite stupid to do that.

Who says i misclaimed my travel expense or realised i hadnt claimed them for 6 years, i may have wanted to let them build up for any number of reasons;):)

Not On Normal Courtyard Exercise:)

StevieJ

wotsthat wrote: »

A Nokia 6170 - take the shame!

Nice aesthetics, unfortunately doesn't cut it with the tech these days