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The younger generation and the future cost of housing?
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silverchair wrote: »But if those parents need care and are placed into a home then they will have to sell the property to pay for it.
Maybe we will see a resurgence in people looking after their elderly parents instead of consigning them to be looked after by strangers in care homes?
Or does the idea of families looking after their own seem far fetched. Would their be time between facebook sessions?Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
Give at few years and all the boomers will be dead. The "young" people can then vote in a government that will give them cheap housing.
Ah but what makes you think that these young people will have the same views when they reach old age as they do now?
I see them whining about the lack of respect they get from the younger genration who have it so much easier than they used to do. Nothing changes!Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
Maybe we will see a resurgence in people looking after their elderly parents instead of consigning them to be looked after by strangers in care homes?
Or does the idea of families looking after their own seem far fetched. Would their be time between facebook sessions?
You really do take a dislike to the younger generation, don't you!
On the other thread discussing whether wealthy pensioners should get winter fuel allowance, you turn it into the young people victimising the vulernable (whereas the actual idea comes from the Lords....not that you care a jot).
On this thread you insinuate no young person wants to care for their family as they are too busy with facebook.0 -
To the OP, while there are many factors in play, I SERIOUSLY believe one of the reason the younger gen cant get a deposit is the lifestyle they leed.
Plasma TVs? Sky/cable TV? iPhones/mobile contracts? Laptops/computers? Games consoles - and games to play on them?, cars?, designer/named clothing? etc etc etc
25+ years ago we didnt really have most of that. Figure out how much money is spent on these items - which are after all LUXURIES and not actual REQUIREMENTS of life, and see how long it would take to save a deposit if that money was saved instead of spent.
While things like cars WERE around back then - most "younger" people had bangors or didnt have their own car. Clothes - while fassion was there - were not in the same "must have" league.
Add to that other factors - such as throw away items. Back when, items lasted 10-15-20 years and could be repaired if they broke fairly easily. Now its all "throw away and buy another one". My parents for instance had one TV for 15 years. I know people in their 20s that are already on their 3rd.0 -
paulmapp8306 wrote: »To the OP, while there are many factors in play, I SERIOUSLY believe one of the reason the younger gen cant get a deposit is the lifestyle they leed.
Plasma TVs? Sky/cable TV? iPhones/mobile contracts? Laptops/computers? Games consoles - and games to play on them?, cars?, designer/named clothing? etc etc etc
25+ years ago we didnt really have most of that. Figure out how much money is spent on these items - which are after all LUXURIES and not actual REQUIREMENTS of life, and see how long it would take to save a deposit if that money was saved instead of spent.
While things like cars WERE around back then - most "younger" people had bangors or didnt have their own car. Clothes - while fassion was there - were not in the same "must have" league.
Add to that other factors - such as throw away items. Back when, items lasted 10-15-20 years and could be repaired if they broke fairly easily. Now its all "throw away and buy another one". My parents for instance had one TV for 15 years. I know people in their 20s that are already on their 3rd.
Yes and no to this, yes there is some how just over spend constantly which they are to blame.
On the flip side, you can get a 32" LCD cheaper than you could get a black & white tiny thing.
As it is you can have these things and still save, ie my mobile contract is £6.80 a month I only buy video games when they reach £10 or less.
In short when you survived on the basic the basics have moved, I don't have a go at my nephew because his Xbox 360 is better than the commodore 64 I had when I was his age.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
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Yes and no to this, yes there is some how just over spend constantly which they are to blame.
On the flip side, you can get a 32" LCD cheaper than you could get a black & white tiny thing.
As it is you can have these things and still save, ie my mobile contract is £6.80 a month I only buy video games when they reach £10 or less.
In short when you survived on the basic the basics have moved, I don't have a go at my nephew because his Xbox 360 is better than the commodore 64 I had when I was his age.
I'm not sure the basics have moved. Just people's perception of what 'basic' is.
OK, so decades ago when some of the people here were trying to save for their first home many of the modern gadgets didn't exist or were just for the wealthy. For example a phone, let alone a mobile, was a luxury - as was a TV & car.
The basics, no matter whether we are talking about the 1950s, 70s or today are the things we really need not the things we can convince ourselves we need because we want them.
I don't have a problem with anyone buying what they want with money they've earned & definitely not for having anything better than me but I need convincing that many of these purchases are necessary while people complain they can't afford other things. It's a matter of where priorities are, I guess.0 -
paulmapp8306 wrote: »To the OP, while there are many factors in play, I SERIOUSLY believe one of the reason the younger gen cant get a deposit is the lifestyle they leed.
Plasma TVs? Sky/cable TV? iPhones/mobile contracts? Laptops/computers? Games consoles - and games to play on them?, cars?, designer/named clothing? etc etc etc
25+ years ago we didnt really have most of that. Figure out how much money is spent on these items - which are after all LUXURIES and not actual REQUIREMENTS of life, and see how long it would take to save a deposit if that money was saved instead of spent.
While things like cars WERE around back then - most "younger" people had bangors or didnt have their own car. Clothes - while fassion was there - were not in the same "must have" league.
Add to that other factors - such as throw away items. Back when, items lasted 10-15-20 years and could be repaired if they broke fairly easily. Now its all "throw away and buy another one". My parents for instance had one TV for 15 years. I know people in their 20s that are already on their 3rd.
I couldn't agree more with this, but you have omitted that many of today's younger generation want to move into a show home straight away.
When I bought my first home, I furnished it with cast-off items donated by family and other second-hand items bought through the classified ads. Over a number of years as I could afford it I updated the house room by room until it was the way that I wanted it.
Having just bought a house I wouldn't have dreamed of getting further loans so that I could do it all straight away."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
paulmapp8306 wrote: »To the OP, while there are many factors in play, I SERIOUSLY believe one of the reason the younger gen cant get a deposit is the lifestyle they leed.
Plasma TVs? Sky/cable TV? iPhones/mobile contracts? Laptops/computers? Games consoles - and games to play on them?, cars?, designer/named clothing? etc etc etc
25+ years ago we didnt really have most of that. Figure out how much money is spent on these items - which are after all LUXURIES and not actual REQUIREMENTS of life, and see how long it would take to save a deposit if that money was saved instead of spent.
While things like cars WERE around back then - most "younger" people had bangors or didnt have their own car. Clothes - while fassion was there - were not in the same "must have" league.
Add to that other factors - such as throw away items. Back when, items lasted 10-15-20 years and could be repaired if they broke fairly easily. Now its all "throw away and buy another one". My parents for instance had one TV for 15 years. I know people in their 20s that are already on their 3rd.
Well, we are renters (although in our 30s) and we don't have Sky tv, no Iphones, no games consoles, no designer clothing and a very old car. We live in London, husband is on a good wage but we are unable to put much aside because the cost of living is so very high here and the price of homes is very very high (an average terrace 'family' home is £600k plus). Yes, we could leave London but the sector my partner works in is all based in London so it's questionable whether he would be able to find work. Besides, all our friends and relatives live here.
I find it really patronising when older generations lump all young people (teens to 30s) into one homogenous group - all my younger friends do not have any spare money and they are not wasting it on the things you suggest, if anything they are struggling just to get by (transport to and from work costs many of them more than £1k per year!). I don't think you realise how expensive housing is these days, both to rent and to buy.
I think it is more the case of that 25+ years ago there were less gadgets but you could buy a terrace home in London for £15k. My parents bough their home for around that much and they were able to pay off their mortgage in 5 years with very basic jobs. Besides, the cost of most of the gadgets you mention are less than £1k altogether whereas a deposit needed on a property these days runs in to the tens of thousands, so I completely disagree.0
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