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At last, the baby boomers will share the pain

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Comments

  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    ruggedtoast, I might have felt the way you do when I was 17 or 18, although I would have hoped to be a rather nicer person than you appear to be.

    I'd be interested in your opinions of what your 'third age' will be like. Do you intend to commit suicide at 50? 60? Would you give us your plans for your own future?

    And re my comment about my own house, the point I was making was that 12 years ago you could buy a house and have it paid off 9 years later. So, if you were, say, 30 years old with a £20,000 deposit you could now be 41 and have paid off the house at age 39. That person would not have been a Baby Boomer. My house is certainly not 'worth' double.

    As for downsizing, not possible for various reasons including moving costs, decorating, etc, have good neighbours here in a good safe area, rather than downsizing to a little terrace with unknown neighbours and safety.

    What do you want me to answer first, the rather confused set of questions based on a priori assumptions, or the insults?

    In 2000, the average house price was around £80,000. It is now around £180,000. I appreciate you may have made a poor purchasing decision so yours hasn't gone up by as much.

    I can assure you that most people do not pay their mortgages off in 9 years. You, apparently, were in the fortunate position to do so, and therefore assume that everybody else has been too.

    Thanks for your concern about my future, I was not planning to commit suicide when I was 50, are you recommending that as being the only alternative to being cosseted by the tax payer?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    PaulF81 wrote: »
    Sorry, how many over 55s do you see flying commercial jets?

    As for that other nonsense above, just wait till the lot protecting you all is out of the commons. Retribiution will be swift and without mercy.

    .

    There must be a few because the average age of a US commercial pilot is around 50 years old, according to some programme I was watching on Bloomberg :)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • ash28
    ash28 Posts: 1,789 Forumite
    Mortgage-free Glee! Debt-free and Proud!
    StevieJ wrote: »
    There must be a few because the average age of a US commercial pilot is around 50 years old, according to some programme I was watching on Bloomberg :)

    The mandatory retirement age for pilots in the US is 65 - it was raised a few years ago from 60.

    In the Uk the retirement age is 65 once you're there the CAA removes your licence.

    British Airways is 65 but most go around 60 or earlier if they can afford it.

    The guy that piloted the plane that ditched into the Hudson in 2009 - Captain Sullenburger was 57. He retired when he was 59 after 30 years service.
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