At last, the baby boomers will share the pain

StevieJ

Graham_Devon wrote: »

Why is it strange?

It happens to everyone. Just start a post stating "young priced out of home ownership" and your "strange" categorisation will be rife.

OK, strange is probably the wrong word, let's try idiotic

ruggedtoast

Apparently some young people have iPhones, meaning they never deserve to own a house.

DervProf

ruggedtoast wrote: »

Apparently some young people have iPhones, meaning they never deserve to own a house.

This is the argument put forward by many, that young people should "do without" if they want to buy a place of their own. I can see that in a few cases, young people probably do spend too much of their money on "tat", and therefore shouldn't complain if they can't afford to buy a home.

However, I remember saving for my first home, and I still was able to go on holiday, buy computer gear, got to gigs etc. Yes, situations will vary, but why should we expect the "young" to deprive themselves of the odd "treat" if they want to buy a place to live in ?

StevieJ

ruggedtoast wrote: »

Apparently some young people have iPhones, meaning they never deserve to own a house.

Hey don't you start, you are one of the worst perps

ukcarper

StevieJ wrote: »

Quite strange how some categorise a whole generation covering all income levels as one homogeneous group. I can only guess that they are the spawn of fairly well off parents

I’ve often though that I would have though I was a fairly typical boomer secondary school education working class parents left school at 16. I possibly am one of the people getting criticised I own my own house and have a final salary pension. But I have keep in contact with 4 friends from school none have a final salary pension 3 own their own houses 2 of these are ex local authority one bought on right to buy one bought on the open market.

the_flying_pig

ruggedtoast wrote: »

Apparently some young people have iPhones...

true but then i've almost never eaten out in my adult life whereas as a young woman my mother used to have chicken & a basket every Saturday night without fail.

and still that generation had better houses than mine :mad:.

Jack2012

DervProf wrote: »

This is the argument put forward by many, that young people should "do without" if they want to buy a place of their own. I can see that in a few cases, young people probably do spend too much of their money on "tat", and therefore shouldn't complain if they can't afford to buy a home.

However, I remember saving for my first home, and I still was able to go on holiday, buy computer gear, got to gigs etc. Yes, situations will vary, but why should we expect the "young" to deprive themselves of the odd "treat" if they want to buy a place to live in ?

I agree with you! It isn't because you spending in somethings that you can't afford in the future a house with your savings.

setmefree2

Anthony Hilton again - this time for the Indy.

Any Chancellor seriously looking to save money could have taken the axe to such pensioner perks as winter fuel allowances, free television licences, free prescriptions and free bus passes – or at least put them on a means-tested basis. If it had, the Coalition would not have had to hike university tuition fees and thereby saddle current and future generations with a massive burden of student debt. It is hard to argue that would not have been a fairer outcome and a better one for the country as a whole.

every generation thinks it is tough at the time. In the mid-1970s when most of those now retiring were the same age as many of the loudest complainers now, in other words about 30, mortgage rates were up around 17 per cent, which meant more than half of what you earned before tax went in paying the interest if your house loan was three times your income. In addition inflation hit 26 per cent, the top rate of tax was 83 per cent, half the UK banking system and the government finances collapsed, emergency tax relief was rushed out to prevent a cascade of corporate bankruptcy, the world economy reeled when the price of oil quadrupled overnight and there was a national policy of pay restraint. So it was not a bed of roses either, though 1976 was a wonderful summer.

http://www.independent.co.uk/news/business/comment/anthony-hilton-its-always-been-tough-for-the-thirtysomethings-but-growth-holds-the-key-7584051.html

PaulF81

Tax em till their falsies chatter. State old age benefit is costing tthe nation a fortune. Why should they bleed the nation to death just so they can live comfortably? Want to live to 100? Pay for it yourself.

roddydogs

Ah means testing, where the thrifty lose out and the *eckless get the money! Got it.