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Bank of Mum and Dad issues fewer loans
Mr._Pricklepants
Posts: 1,311 Forumite
Bank of Mum and Dad issues fewer loans.
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9987332/Bank-of-Mum-and-Dad-issues-fewer-loans.html
Good news. Good to see increased determination in the younger generation to be financially self reliant instead of relying on the generosity of the boomers.
Photo: Generous boomer handing out money.
"If anything these figures show that young people are not as willing to rely
on their parents financially as previously thought and are only seeking help
from the 'bank of mum and dad' as a last resort when trying to buy their first
home."
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9987332/Bank-of-Mum-and-Dad-issues-fewer-loans.html
Good news. Good to see increased determination in the younger generation to be financially self reliant instead of relying on the generosity of the boomers.
Photo: Generous boomer handing out money.
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Comments
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Mr._Pricklepants wrote: »Bank of Mum and Dad issues fewer loans.
Photo: Generous boomer handing out money.
And there was me thinking boomer parents handed out more than a couple of quid for their kids to buy a bottle of Irn Bru and some haribo's.0 -
Or, you could put it another way ...
"Parents who have watched other parents sp*nk their money out on deposits for over-priced houses in anticipation of quick gains that never came have had a re-think and thought 'bolox to that'"0 -
Aren't the boomers more likely to be the grand parents of these young people?relying on the generosity of the boomers.0 -
markharding557 wrote: »Aren't the boomers more likely to be the grand parents of these young people?
It depends. There is a trend towards being a grandparent at 30 in certain sectors of society, and also many definitions of "boomer".I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »It depends. There is a trend towards being a grandparent at 30 in certain sectors of society, and also many definitions of "boomer".
No doubt being a grandparent at 30, in those sectors of society, would mean there was no more than a few quid for ciggies and Super Brew."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
markharding557 wrote: »Aren't the boomers more likely to be the grand parents of these young people?
Maybe.
Bur either way, it doesn't matter.
Because, according to the HPI nutters on here, the "equity wealth"
just cascades down the generations.0 -
the "equity wealth"
just cascades down the generations.
Well they cant take it with them...
All wealth ultimately passes down to future generations, in one way or another, and always will until someone invents a way to abolish death.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Well they cant take it with them...
All wealth ultimately passes down to future generations, in one way or another, and always will until someone invents a way to abolish death.
I'm not even going to bother trying to answer this pile of 5h1te.0 -
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somethingcorporate wrote: »Why? is it wrong?
No, of course it's not wrong.
Obviously all wealth passes to the next generations in one form or another, unless you adopted a policy of physically destroying assets created by each generation.
Perhaps when the first owner dies the house should be blown up to stop younger people benefitting from an asset that someone else has created.
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