Boomers' House Price Bonanza Barrels Onwards. Young Excluded and Forgotten

OffGridLiving

chewmylegoff wrote: »

Of course. As we all are, even if we have some silly obsession with babyboomers or a need to tell everyone over and over again about our interest rate 'gambles'. You could have probably expressed your opinion done without digging up every old thread and covering the front page with them which in fact just resulted in what you were complaining about actually becoming worse.

Perhaps things have to get worse before they get better?

It's always darkest before the dawn.

purch

chucky wrote: »

Who died and left you in charge?

I'm taking a sabbatical :A

Graham_Devon

Talk about begging for attention.

Fella

OffGridLiving

Graham_Devon wrote: »

Talk about begging for attention.

Aw, have rugged's threads pushed yours off the leader board and taken the attention away from you?

Calm down dear. I'm, sure you'll soon explode over the board with another thousand threads of your own about things discussed a thousand times already.

dktreesea

John1993 wrote: »

Ruggedtoast, what have you done today to try to improve your career prospects and earning potential? What did you do yesterday?

I know no-one who cannot afford a decent home, no-one, and I know hundreds of people. If you want to earn enough to buy a nice house, it's easily doable, you just need to put in some effort.

If you did that instead of whining on here, you'd be fine.

So you don't know any of the 8.5 million people in England who are renting someone else's place, instead of buying a home? (source http://www.telegraph.co.uk/property/9776538/Britons-cant-afford-to-buy-homes-but-renting-doesnt-work-either.html)

Buying a home is a bit like repaying debt - it takes patience as well as perserverance. I can afford a decent home - I just don't fancy living in the parts of the country such homes are located in.

OffGridLiving

dktreesea wrote: »

So you don't know any of the 8.5 million people in England who are renting someone else's place, instead of buying a home? (source http://www.telegraph.co.uk/property/9776538/Britons-cant-afford-to-buy-homes-but-renting-doesnt-work-either.html)

Buying a home is a bit like repaying debt - it takes patience as well as perserverance. I can afford a decent home - I just don't fancy living in the parts of the country such homes are located in.

To be fair, John1993 didn't state that he didn't know anyone who rented, he said that he didn't know anyone who couldn't afford to buy a decent home.

There are plenty of people who could afford to buy and yet choose to rent, you're one of them.

John1993_2

dktreesea wrote: »

So you don't know any of the 8.5 million people in England who are renting someone else's place

Yes, I do, they are some of those who can afford a decent home. That's what renting is.

I was in that figure, by the way, even back when I was earning seven figures. It made no sense to me to blow 50k on stamp duty each time I moved, so I spent five years renting before buying the current flat.

Renting in no way implies that you can't afford a home.

John1993_2

OffGridLiving wrote: »

To be fair, John1993 didn't state that he didn't know anyone who rented, he said that he didn't know anyone who couldn't afford to buy a decent home.

There are plenty of people who could afford to buy and yet choose to rent, you're one of them.

Yes, as above, I was one too. renting was exactly right for me for a few years after I moved back to the UK from NYC. I didn't know exactly where I wanted to live, so rented a few places first, whiich ended up becoming five years renting while I waited to find a place that I wanted to buy.

I don't doubt that there are people strruggling, but I reallly don't know any, and most of the people I know still live in the mining village in the North where I grew up. They are all doing, at the worst, OK.

mcfisco

Not sure if I'm a boomer or not (1959) not that it matters one jot

I think the same opportunities exist now as they did when I bought my first house in 85 (we're in our second one now)
We moved into a 2 up 2 down on a freezing Saturday morning in January.
The house was bare, no carpets, curtains - nothing. We brought with us a double bed, 2 deck chairs and a stereo.
We had £12 in our pockets and absolutely no ability or inclination to get credit.
We pretty much lived like that for weeks, old sheets for curtains and carpet remnants from relatives kept us going. it was 5 years before we'd fully furnished the house.
Working 100+ hour weeks we did it and enjoyed it.
In those days, we used to buy second hand stuff as and when, if I'd heard of any one moving into house and fully furnishing it with new appliances, flooring, curtains etc. - I'd have presumed they'd either robbed a bank or won the pools (we didn't have the lottery then)

My point?
I believe you could still do the same, but I don't think there is the will to live like that in a great many people now. It's too easy to feel the need to get loads of credit in order to make the house how they want it from the start.
There are lots of people who won't put up with the same sort of work/life balance that we did.
So whilst it's very true that it's tough to start out, I think people's expectations aren't the same any more, they want (demand) to start from a higher level.