Bishop Bashes Boomers

StevieJ

Percy1983 wrote: »

Why shouldn't the boomers take out more than they put in, its all a pyramid scheme anyway, just let mroe people int he cover the bill, when they get old do the same.

Oh wait, maybe we could just bring them in a little and not need mass immigration.

Some examples please, bearing in mind that most boomers are still working?

Percy1983

StevieJ wrote: »

Some examples please, bearing in mind that most boomers are still working?

Don't ring fence those near to retirement into the final pay pensions.

Let house prices actually drop, add rent controls.

Quite simple really.

StevieJ

Percy1983 wrote: »

Don't ring fence those near to retirement into the final pay pensions.

Let house prices actually drop, add rent controls.

Quite simple really.

I would have thought that falling house prices would affect younger people like yourself who have just bought? Not sure what your first point means?

Percy1983

StevieJ wrote: »

I would have thought that falling house prices would affect younger people like yourself who have just bought? Not sure what your first point means?

Falling prices wouldn't bother me all that much to be honest, I bought a house to live in not an investment.

I mean in the public sector they are ending the final salary pensions, but if your within a certain 'older' age range you can stay in it longer until you retire.

Conrad

Percy1983 wrote: »

Falling prices wouldn't bother me all that much to be honest, I bought a house to live in not an investment.

I don't believe you. This sentiment minds me of those millionaire artistes that habitually claim money is not important - yeah right, trying knocking on their door and asking for £20k!

Everyone can't help smiling when they accidentally find out their pad has gone up in value, tis Human nature.

Mr._Pricklepants

Percy1983 wrote: »

Falling prices wouldn't bother me all that much to be honest, I bought a house to live in not an investment.

Would you be bothered if you didn't qualify for a nice low fix at the end of your current one because your LTV has gone through the roof?

Percy1983

Conrad wrote: »

I don't believe you. This sentiment minds me of those millionaire artistes that habitually claim money is not important - yeah right, trying knocking on their door and asking for £20k!

Everyone can't help smiling when they accidentally find out their pad has gone up in value, tis Human nature.

It really would provoke a reaction if it went up in value either, I don't get an richer if it goes up, no extra money appears in my bank.

StevieJ

Percy1983 wrote: »

Falling prices wouldn't bother me all that much to be honest, I bought a house to live in not an investment.

I mean in the public sector they are ending the final salary pensions, but if your within a certain 'older' age range you can stay in it longer until you retire.

That is all about giving warnings about impending change to allow enough time for people to make extra provision if they need it. BTW it is very noble of you that you bought your house to live in, what do you think most baby boomers do?

Percy1983

StevieJ wrote: »

That is all about giving warnings about impending change to allow enough time for people to make extra provision if they need it. BTW it is very noble of you that you bought your house to live in, what do you think most baby boomers do?

Treat them as cash machines.

Percy1983

StevieJ wrote: »

That is all about giving warnings about impending change to allow enough time for people to make extra provision if they need it. BTW it is very noble of you that you bought your house to live in, what do you think most baby boomers do?

How does that work, I am in the same pension, I was given a date then it ended and went average pay, why can't that apply to the older people, all years in the final salary scheme are safe and remain final salary, they would just have a few years of average at the end which would bring it down slightly.