Over 50's will bit hit by new mortgage regulations

ruggedtoast

ukcarper wrote: »

That world you imagine would be lovely pity it didn't exsist.

Rumbelows did exist.

ukcarper

Perhaps you could tell me how I could havre got a council house or found somewhere cheap to rent.

I have one big advantage over you in knowing what things were like in 60s 70s anf 80s I was there and saw it first hand.

Loughton_Monkey

the_flying_pig wrote: »

oh, i get it. there's a magic inter-generational wash-up mechanism that makes every generation equally favourable to be born in. just like [for example] 1915 was exactly as good a time to be an 18 year old british man as, say, 1965. thanks for that little kidney stone of wisdom. hope it wasn't too difficult to, uh, pass.

... but that guy would have escaped call-up to WW2!

In any case, I'm talking financial here. If you 'last your time' you will live in 7 or 8 decades. Some will be good. Some will be bad. Some will be neutral. Having seen more than 6 of them myself, I've seen good and bad. If you have seen far fewer, then how the hell do you think you know what the next 20/30/40 years will bring?

The generation before me might have been born 1927, say. Might have died in 2007 aged 80. Imagine this guy, having been born in the greatest depression of the lot, starting work just when all the lads were coming back from the war. Competition, low wages, and something called "austerity". Aged 30 to 35, he might have whinged, whined, blamed, and griped just as loudly as many of that age now. But I bet he didn't, because he was made of sterner stuff!

And yet he'd have died when "we never had it so good" at the peak of a boom.

ShAnE

Loughton_Monkey wrote: »

0
The thing that does change over generations is behaviour. As far as I know, all generations alive today were born, went to school, worked, and then retired. They had an income, and they spent some of it and saved some of it. Everything in between is largely down to behaviour over one's lifetime.

The older generation saved? Not that i've ever seen. Bought a house with no savings, retired with no pension. That seems to be the common theme I'm seeing, and now this generation wants the same thing, but instead are being crippled because having life that cushy is unsustainable.

ukcarper

ShAnE wrote: »

The older generation saved? Not that i've ever seen. Bought a house with no savings, retired with no pension. That seems to be the common theme I'm seeing, and now this generation wants the same thing, but instead are being crippled because having life that cushy is unsustainable.

Perhaps you could tell me how they bought a house in the 70s with no savings.