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Rich babyboomers behaving like the nobility in the peasants revolt...
Comments
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Back to the point of work harder than those before you to get less than those before you.
By all means I am playing the game and doing exactly that, but it doesn't mean I am happy about it.
My advice is stop looking back. Look forward to what is the best solution going forward.
I've iterated time and again that the last couple of decades is the anomaly.
If you insist on looking back then you should have saidBack to the point of work harder than those before you to get less than those before you in the last couple of decades, but more than those for the centuries before that.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »That person who bought in 1989, may have flirted with NE but may have ridden the storm and come through the other side.
I suspect you are not talking from first-hand knowledge. I bought my first house in September 1988 for £64K (at the very height of the bubble) because my parents, well-intentioned though they were, loaned me the deposit on condition that they chose what I bought. It was a three-bed ex-council terrace in a grim area and within six months, neighbouring properties were going for £15K.
When I eventually sold it in 2000 for £74K, the loss in real terms was staggering. The moral? Buy the best you can but not necessarily the biggest...0 -
IveSeenTheLight wrote: »My advice is stop looking back. Look forward to what is the best solution going forward.
I've iterated time and again that the last couple of decades is the anomaly.
If you insist on looking back then you should have said
Don't worry I do look forward in life, I only look back in discusion like this.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
I suspect you are not talking from first-hand knowledge. I bought my first house in September 1988 for £64K (at the very height of the bubble) because my parents, well-intentioned though they were, loaned me the deposit on condition that they chose what I bought. It was a three-bed ex-council terrace in a grim area and within six months, neighbouring properties were going for £15K.
When I eventually sold it in 2000 for £74K, the loss in real terms was staggering. The moral? Buy the best you can but not necessarily the biggest...
I think my daughter bought it off you and sold it 5 years later for £125k ?0 -
ruggedtoast wrote: »It used to be that teachers told us kids when I was growing up that we should study hard and go to uni or we would end up working in a factory or a super market like the people from their generation that they looked down on.
Well I guess the joke was on us, because the boomers who worked in factories were able to buy a house on one income and then sat pretty watching it rocket in value while waiting for a fat pension. While the kids in my school who ended up working in super markets doing zero stress jobs were handed all the council houses at a knock down price and got to have kids supported by the state in their early 20s.
The people who went to university, took on all that debt, tried to clamber up the collapsing pyramid of globalisation and had to delay having kids til their 30s only to find out the best they could hope to raise them in is a grim BTL bought by some spiv with a 0.5% loan obtained from some other spiv , well I guess they turned out to be the real mugs.
Some people have done all that and are thanking their lucky stars that they are not having to raise their kids in a place like this.0 -
Back to the point of work harder than those before you to get less than those before you.
By all means I am playing the game and doing exactly that, but it doesn't mean I am happy about it.
I still can't see how you come to that conclusion in 1972 when I first bought in relation to earnings house prices were pretty much the same as now and the cost of living was higher.
Since then prices have gone up and down in the 90s they were at there lowest and in mid 2000s they were at there highest.0 -
I still can't see how you come to that conclusion in 1972 when I first bought in relation to earnings house prices were pretty much the same as now and the cost of living was higher.
How do you measure your cost of living?"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 -
grizzly1911 wrote: »How do you measure your cost of living?
The fact that earnings have outstripped inflation (RPI) by 70%0 -
IveSeenTheLight wrote: »
teaching your siblings
Please explain. In what way do your brothers and sisters require teaching but you apparently did not?
And what has this got to do with inter-generational conflict?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
The fact that earnings have outstripped inflation (RPI) by 70%
How does that translate to the pound in your pocket?
In the day to day things that you actually need do you feel they are at lower relative prices than they were back then?
I appreciate that many nice to have items have fallen in relative price."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
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