Baby Boomers making out like bandits as usual

Jimmy_31

reweird wrote: »

I think the trouble boils down more to boomers being happy to work and save hard to make gains whilst the youngersters prefer little to no work and to credit binge to make gains. When the banks pulled in their lending it was bound to be those relying on others to fund their lives to suffer.

Yes i agree the younger generation should save more, i think they would if they were not paying ridiculous amounts for rents and mortgages and every other bill that needs to be paid.

I bet you find a lot of money on the floor dont you.

Jimmy_31

ILW wrote: »

Could come down a bit, but I believe if you are waiting for 50% drops you are dreaming. Whther to buy now or not probably depends on if you are paying rent or not.

100k houses in my area are now priced at 60 to 70k and have been sat on the market for months and months and still they are not selling.

Prices are still falling.

I work away from home quite a bit and stay with my parents when im working local, boss pays my digs when im away so cant see any reason to rush into a market that is falling.

ILW

Jimmy_31 wrote: »

100k houses in my area are now priced at 60 to 70k and have been sat on the market for months and months and still they are not selling.

Prices are still falling.

I work away from home quite a bit and stay with my parents when im working local, boss pays my digs when im away so cant see any reason to rush into a market that is falling.

Probably right then, would be different if you forking out 700 or 800 quid a month rent though.

Jimmy_31

ILW wrote: »

Probably right then, would be different if you forking out 700 or 800 quid a month rent though.

Thankfully i am not.

reweird

Jimmy_31 wrote: »

Thankfully i am not.

Well of course not, you're just the big man-baby living out of your mummy and daddys pockets. Is it not time they tucked you in?

Jimmy_31

reweird wrote: »

Well of course not, you're just the big man-baby living out of your mummy and daddys pockets. Is it not time they tucked you in?

You seem to be obsessed with saying that people who live with their parents are sponging off them.

Do you wish you could go back in time and pay your way and avoid your mum lashing you out on the street for being a sponger ?

Keep your head down lad:)

ukcarper

Jimmy_31 wrote: »

Yes i agree the younger generation should save more, i think they would if they were not paying ridiculous amounts for rents and mortgages and every other bill that needs to be paid.

I bet you find a lot of money on the floor dont you.

I think most people in the 60s and 70s didn’t pay rent they stayed with their parents until they could afford to buy. I think I was pretty average started work at 16 no chance of going to university fully qualified by 21 met wife to be started saving and I mean saving only night out Saturday and that a quite drink down the local. Bought a house and got married a couple of years later spent the next few years furnishing the house.

Jimmy_31

ukcarper wrote: »

I think most people in the 60s and 70s didn’t pay rent they stayed with their parents until they could afford to buy. I think I was pretty average started work at 16 no chance of going to university fully qualified by 21 met wife to be started saving and I mean saving only night out Saturday and that a quite drink down the local. Bought a house and got married a couple of years later spent the next few years furnishing the house.

Thats kinda like what im doing, it takes a lot longer than a couple of years to get a deposit together though.

OptionARMAGEDDON

ruggedtoast wrote: »

http://www.telegraph.co.uk/finance/personalfinance/pensions/8840963/Baby-boomers-are-very-privileged-human-beings.html



(There's a picture of a smug looking retired couple in the link as well, just to inspire extra anger.)

With a wasted generation hitting the dole queues all over the country, their pockets stuffed with worthless new labour exam certificates, and their own parents struggling to pay the rent to their boomer btl slumlords, it is clear that these boomers have the country stitched up like a kipper.

Whoever plays around with suggesting eugenics for all those past working age gets my vote.

Going4TheDream

reweird wrote: »

Well of course not, you're just the big man-baby living out of your mummy and daddys pockets. Is it not time they tucked you in?

Rewired -please dont make me come round and slap your legs. Why do you feel that younger people staying with their folks is so bad?

I left home at 17, bought a house at 18 as a single mum in the 80's and NEVER went home. However I never wanted to, and never needed to. However, if my girls wanted to come home then home they would come. I have plenty of space, there would be rules, no bringing strange people back and such like and they would have to contribute, to food and bills,maybe £30 - £35 a week. They would have to use the house as a home and that would mean participating in house work, etc.

Why do then consider that living out of mummy and daddys pocket?(or mummys in my case)