The crushing housing burden on the young. Boomers, investors and landlords profit

Fella

ruggedtoast wrote: »

The problem is, you get these people who are basically well off. Partly they are well off because they have worked hard and are clever, and partly they are well off because they have been lucky to have been born into the right circumstances.

There are some battlers who come from mendacious beginnings but the majority of well off people I know come from decent supportive families, went to good schools, good universities, and then into decent paying jobs where they were picked at the interview rather than the 50 other applicants they never got to see.

They then work and socialise and live, and holiday with people like them and through the magic of confirmation bias all the schools, universities and help from friends and family, and little things like wearing the right clothes and being seen to drive the right car when it mattered are air brushed from history and it all comes down to 'hard work'.

The fact that you're presumably living in the UK & spending most of your day warm, fed & happily posting on the Internet puts you easily in the most privileged top tiny percentage of people in the world.

Shame that all you want to do is moan about people or generations who might be in a 1% better off category than you, rather than be thankful you're not in the massive percentage who're worse off.

ruggedtoast

Fella wrote: »

The fact that you're presumably living in the UK & spending most of your day warm, fed & happily posting on the Internet puts you easily in the most privileged top tiny percentage of people in the world.

Shame that all you want to do is moan about people or generations who might be in a 1% better off category than you, rather than be thankful you're not in the massive percentage who're worse off.

If the 1% of people who own 90% of the world would share a bit of their bottle-necked pecuniary advantage no one need be poor.

I would have thought most people could understand that. But then, wealth redistribution has never been an especially popular concept among the wealthy.

IveSeenTheLight

ruggedtoast wrote: »

If the 1% of people who own 90% of the world would share a bit of their bottle-necked pecuniary advantage no one need be poor.

I would have thought most people could understand that. But then, wealth redistribution has never been an especially popular concept among the wealthy.

Interesting theory, but I wonder......

What would be the consequence of the wealth was redistributed.
All those "poor" people (and I'm thinking of third world countries here, not the UK), suddenly find they have more wealth?

I believe finance is not they key, but education would provide a far more stable environment to go forward from.

jamesd

GwylimT wrote: »

care to tell me how I could save a deposit for a property on £17K a year in Leeds while paying rent, utilities etc?

Lets start with the property deposit target first. A search on Rightmove finds a one bedroom flat 50% share for sale for £20,000 in a search for Leeds. Say you want to do that with a 10% deposit, the target for savings is £2,000. It won't take long to accumulate that for a person who has say a Sky or mobile phone contract they can cancel. Eliminating shared ownership places, the cheapest are some one bedroom flats for around £27,000. Like this £27,500 one within 3 miles of LS1. Within one mile the starting prices are in the £40-55,00 range.

Maybe you want better places or different areas within Leeds but it seems eminently possible to find quite inexpensive places in the area.

OffGridLiving

jamesd wrote: »

Lets start with the property deposit target first. A search on Rightmove finds a one bedroom flat 50% share for sale for £20,000 in a search for Leeds. Say you want to do that with a 10% deposit, the target for savings is £2,000. It won't take long to accumulate that for a person who has say a Sky or mobile phone contract they can cancel. Eliminating shared ownership places, the cheapest are some one bedroom flats for around £27,000.

Maybe you want better places or different areas within Leeds but it seems eminently possible to find quite inexpensive places in the area.

Fatal flaw, these people don't want solutions they want to blame other people for their problems and moan about it to strangers on the internet.

jamesd

I'm not greatly keen on wording like "these people". GwylimT is just people like everyone else here.

Maybe GwylimT wouldn't like the choices available but pointing out options and the choices can be useful in case people think it's actually impossible just because they haven't looked. Then it becomes a matter of personal choice rather than lack of ability.

Fella

ruggedtoast wrote: »

If the 1% of people who own 90% of the world would share a bit of their bottle-necked pecuniary advantage no one need be poor.

I would have thought most people could understand that. But then, wealth redistribution has never been an especially popular concept among the wealthy.

How much of your own wealth do you redistribute to people poorer than you?

ruggedtoast

Fella wrote: »

How much of your own wealth do you redistribute to people poorer than you?

Well firstly I pay all the taxes I owe. Every single penny, which puts me out of company with the 1%'s klepto-plutocracy.

I also contribute more than I cost, not having access to the fancy pensions and other benefits that the boomers enjoy that wont exist when I am older.

Like most younger people I am willing to put up with all of this, its just most of us think that being shafted with the price of housing as well is a final straw too far.

CLAPTON

ruggedtoast wrote: »

Well firstly I pay all the taxes I owe. Every single penny, which puts me out of company with the 1%'s klepto-plutocracy.

I also contribute more than I cost, not having access to the fancy pensions and other benefits that the boomers enjoy that wont exist when I am older.

Like most younger people I am willing to put up with all of this, its just most of us think that being shafted with the price of housing as well is a final straw too far.

so, basically like the 1% you only give away anything if forced to do so?

[Deleted User]

CLAPTON wrote: »

so, basically like the 1% you only give away anything if forced to do so?

Because the other 99% pay extra tax for the fun of it?