Over Privileged Boomers are not 'Sacred Cows': Wilby

ruggedtoast

Graham_Devon wrote: »

You need to grow up a little.

I think he would have done by now. If he were going to. I really hope I have better things to do than ranting on the internet, with baffling vitriol, when I am pushing seventy.

thorsoak

ruggedtoast wrote: »

I think he would have done by now. If he were going to. I really hope I have better things to do than ranting on the internet, with baffling vitriol, when I am pushing seventy.

He is a she ....and I'm not the only one whose been ranting on t'internet this afternoon - and at least I'm doing it in my own time (finished work at mid-day)

ruggedtoast

StevieJ wrote: »

I thought you mentioned that you have bought a property?

I have yes. I am comparatively fortunate amongst my peers.

thorsoak

ruggedtoast wrote: »

I have yes. I am comparatively fortunate amongst my peers.

Your second or third property, Rugged Toast? Profit made on selling property no 1 - or did you nobly sell it at less than market price, as you wish Baby boomers to do????

ruggedtoast

thorsoak wrote: »

Your second or third property, Rugged Toast? Profit made on selling property no 1 - or did you nobly sell it at less than market price, as you wish Baby boomers to do????

I didn't buy somewhere, and then refuse to sell it for anything less than a 1200% profit later on if that's what you're concerned about.

A._Badger

ruggedtoast wrote: »

I think he would have done by now. If he were going to. I really hope I have better things to do than ranting on the internet, with baffling vitriol, when I am pushing seventy.

Pushing seventy, Toastie? You're so eaten-up with envy and spleen it's a miracle you crawled out of your twenties. Such bitterness!

thorsoak

ruggedtoast wrote: »

I didn't buy somewhere, and then refuse to sell it for anything less than a 1200% profit later on if that's what you're concerned about.

Now that's an interesting concept ...how does one calculate the profit on a property that one has lived in for a term of some 30 odd years?

I suppose we could discount the rentable value - is that fair?

And what about repairs/renovations that would be undertaken by a landlord? Could those be discounted too?

Then do we factor in RPI?

Far easier to calculate it when you've only been buying/living in a property for a year or two then selling on!

ukcarper

Percy1983 wrote: »

Exactly like that! :rotfl:

Anyway my point is should we be denied housing because technology is now better.

With that my children* should have to pay 20x more for a house than me because they will have better technology available to them.

EG choosing TVs:

One point you had a top end black and white or nothing, now you have the top end 70"+ TVs which are the equivalent of the those early black and whites but then you have a whole range down to around £40.

I won't argue technology is more affordable but the price of the top end has never changed really.

*I don't have children yet.

According to Halifax house prices are now 4.41x average wage the long term average is 4x so prices are about 10% higher than average. It looks like prices didn’t go much below 3.5x which makes the price now about 25% higher than the lowest there were.

Wages have increased 50% more than RPI since 1980 meaning you can buy 50% more.

Looking at Halifax and Nationwide mortgage calculators if I was in the same position I was when I bought my first house I could borrow enough to buy the same house now. I would be borrowing more money but I borrowed the maximum I could when I first bought so I don’t think I would have been prevented from buying because TVs are cheaper.

ess0two

nearlynew wrote: »

I'm a "boomer"

... And anyone who thinks it's easier for youngsters today than it was when I was younger is talking out of their 4rse.

Keep it up,you do enough talking out of it.

StevieJ

ruggedtoast wrote: »

I have yes. I am comparatively fortunate amongst my peers.

Yes OK