Youngters getting a poor deal

StevieJ

PaulF81 wrote: »

Work or starve. In the perfect scenario, that would be the choice. It's a bit like that in Singapore, I don't see them having too many social problems.

Same in china. Knock their lack of democracy all you want. History will prove its an infinitely better model than what we have in the west.

Wait a minute aren't they supposed to be Commies, you don't get anymore left than that

PaulF81

StevieJ wrote: »

Wait a minute aren't they supposed to be Commies, you don't get anymore left than that

Want to show me chinas socialist redistribution policies please?

It's capitalism, in its purest, most beautiful form.

Pobby

Of course we knuckled down and got on with things. My wife worked for ICL, a decent company. I worked for a young guy who was generous and rewarded effort. Don`t see to much of that these days. There are loads of people working really hard for very little cash. A female member of my family works for a national travel agent. Little above minimum wage and what she has to do to earn her pittance is almost unbelievable.

Miss target and it could be retraining for you. Working to 8 at night, after a full day, to man the virtual call centre. The bus fare into work is not cheap.

Anyway my point is, that not everyone is on the median wage. Far from it and I know plenty.

grizzly1911

HOMEOWNERS_ARE_WINNERS wrote: »

Then they don't deserve to buy a house if they don't have a marketable skill to earn enough. Where did all this entitled nonsense come from that everyone must be a homeowner? There has always been a renter class. Always will be.

But can they afford to rent aren't house prices and rent interlinked?

Perhaps that is all that is available and they would prefer to do that than sponging off the state?

thescouselander

HOMEOWNERS_ARE_WINNERS wrote: »

Then they don't deserve to buy a house if they don't have a marketable skill to earn enough. Where did all this entitled nonsense come from that everyone must be a homeowner? There has always been a renter class. Always will be.

The trouble with renting is that tenants often feel they have nothing invested in their local community which leads to a lack of cohesion with the neighbours. For example there is one rented house near us and various tenants have often been somewhat antisocial in their behaviour.

I'm convinced that if these people had actually owned the place they would make more effort to get on with the neighbours as they would have a sense of ownership of the local area.

Homeownership makes for better communities IMO and should be affordable to anyone who works full time. There's no point in being able to afford your own house if the country in general is going down the pan.

moneyinmypocket

Renters should all be kept in ghettos

stinktankcynic

After listening to the news last night, I can see a few things happening. The £ is going down the pan, it makes our exports look great. However, the high street is pretty doomed, including pubs' no spare cash, poor paying jobs.
Alcohol, fuel, electric, gas etc will get very dear from now on, less money in the pocket. Millions more leading a subsistence life. More and more people coming to the UK for benefits. Competition for jobs, wages will fall. It's a race to the bottom.
The government will try and recoup the money from the 80% in the middle. There are too many people in the UK, either on benefits or living beyond their means. The bubble is going to burst shortly. People are in for a real shock.
A big natural disaster, pandemic or war is what usually sorts out a problem as big as this. I believe the problems in society relate to two parties, the banks/finance and insurance industries on one hand and the government on the other.
We are reaping what they sowed over the past 25 years. Mass immigration, increasing benefits and people not working able to have everything that a worker has care of the governments handouts and free never to be repaid loans from the finance industry. The rest of us have to pay with austerity measures for this.

grizzly1911

moneyinmypocket wrote: »

Renters should all be kept in ghettos

Why I know some people who choose to rent rather than purchase who would be more than able to do so?

ukcarper

Pobby wrote: »

I really feel sorry for many young folk. Off to uni, debt to the eyeballs and then the battle to get a job. Of course not every kid goes to uni. In fact, in my family, my niece and her partner earn jointy about 50k a year. Decent income but have to rent in an area in the South East where, for me, it was a piece of cake to buy when I was younger than the pair of them.

Pensions, who knows if the state will be able to give them much. Private pensions, you sure have to pay in a lot. On top of that there are many here who are critical of youths, yoofs I think they call them.

Well said yoofs knocked on my door, marketing consultants they introduced themselves as. Not convinced but at least they had a dreadful job selling me something I had no interest in. Having a go in this country which has horribly changed over the years.

So they smoke dope, drink. Not overly surprised. Most likely feel like no hopers which is saddening. I find it very hard to see where this is going to lead us. Kids need a better deal.

It’s possible to rent a 1 bed flat in Reading for £500 a month two people each earning £25k would take home £3200 a month, I wouldn’t have thought it wouldn’t be hard to save at least £1000 a month.

Someone I know sold a nice 2/3 bed terrace in reasonable part of Reading for £180k last year.

So I would have thought it would be possible for two people on a joint income of £50k to buy.

Pupnik

Well I live in the South East and would love our joint income to be £50k. I actually find it hard to believe that £50k is the median for the South East if you exclude London salaries - would be interesting to compare those figures to the joint incomes of Thanet or Medway, for example. Luckily I don't really find property in the SE (outside of London) to be as expensive as others find, we are buying a 3 bedroom flat with a good sized garden and a short walk from the beach for less than £100k. We live quite cheaply (no car or kids) but not frugally, and can save about £1000 each month after all our rent, bills and fun stuff is paid for. I don't think it is impossible for young people to buy property even if they are not on big salaries, but people are buying later so wanting bigger houses - if people are buying their first house in their 30s chances are they will be wanting a family home, and if they have started a family earlier they may find their affordability decreased. It is also difficult for families with a single income, I know our affordability was greatly reduced because my income (as a freelancer for less than a year) could not count towards our mortgage, so I think a family with one income would struggle for a house large enough for a family.

I do think it is in all our interest for as many households as possible to own their own home, otherwise it will be taxes paying for their rent when they retire on a terrible pension with rising rental prices.