Over 50's will bit hit by new mortgage regulations

ruggedtoast

Regardless of why the housing shortage occurred, boomers have profited from it immensely.

Thrugelmir

ruggedtoast wrote: »

Regardless of why the housing shortage occurred, boomers have profited from it immensely.

Merely an accelerated transfer of wealth. That may stagnate until it falls back into line.

The wealth transfer was calculated at £250 billion by Charlie Bean deputy at the BOE.

ukcarper

ruggedtoast wrote: »

Regardless of why the housing shortage occurred, boomers have profited from it immensely.

How much you have benefited from HPI depends on where in the cycle you bought not your age. People who bought in the 1990s have benefited more than anybody since before1970 in fact there have been times between 1970 and 1990 when prices in relation to earning have been as high as they are now.

ruggedtoast

ukcarper wrote: »

How much you have benefited from HPI depends on where in the cycle you bought not your age. People who bought in the 1990s have benefited more than anybody since before1970 in fact there have been times between 1970 and 1990 when prices in relation to earning have been as high as they are now.

There has been an enormous nominal, and real increase in house prices since the 70s. You cant just switch between the two and single out odd years to suit.

Boomers have made out like bandits.

ukcarper

ruggedtoast wrote: »

There has been an enormous nominal, and real increase in house prices since the 70s. You cant just switch between the two and single out odd years to suit.

Boomers have made out like bandits.

House have increased ahead of RPI yes But so have wages and what about those Gen Xers they have benefited more than anybody don't here you moan about them is it because you are one.

ruggedtoast

ukcarper wrote: »

Gen Xers they have benefited more than anybody

That has to be quote of the year.

I am greatly looking forward to hearing how you think we Gen Xers have benefited from the hard done by boomers.

Percy1983

ruggedtoast wrote: »

That has to be quote of the year.

I am greatly looking forward to hearing how you think we Gen Xers have benefited from the hard done by boomers.

They have iPhones!

chewmylegoff

ruggedtoast wrote: »

That has to be quote of the year.

I am greatly looking forward to hearing how you think we Gen Xers have benefited from the hard done by boomers.

well, they did give birth to us, although it depends on your personal outlook as to whether you see that as a benefit or a curse.

ukcarper

ruggedtoast wrote: »

That has to be quote of the year.

I am greatly looking forward to hearing how you think we Gen Xers have benefited from the hard done by boomers.

Didn't say benefited from boomer just they had benefited by more.

Someone born 1970 buys an average house for £51k in 1995( when they were cheapest in relation to earnings) nows has a house worth £160k

If it had increased inline with RPI it would be worth about £75k if it had increased inline with earnings it would be worth £95k not a bad bonus.

You could probably buy up to 2000 and make as much

ruggedtoast

ukcarper wrote: »

Didn't say benefited from boomer just they had benefited by more.

Someone born 1970 buys an average house for £51k in 1995( when they were cheapest in relation to earnings) nows has a house worth £160k

If it had increased inline with RPI it would be worth about £75k if it had increased inline with earnings it would be worth £95k not a bad bonus.

You could probably buy up to 2000 and make as much

I was a teenager in 1995. At a time when the unemployment rate in recession hit Britain was at 8.4% nationally, and youth unemployment was drastically higher.

In what possible scenario was I meant to "benefit" from this state of affairs?