Game set and match. Young trapped in starter homes until they aren't young anymore

MacMickster

ruggedtoast wrote: »

Anyway if you don't want to read articles about generational inequality don't click on them. I didn't write it incidentally, someone in the Mail did that on their own. Contrary to popular belief I dont actually put all these generational inequality stories in the national press and on tv myself.

I thought that the reason that you posted all of these almost identical threads (and the accompanying random meaningless pictures) was to have other people comment.

Now, it seems that you only want comments from those who agree with you. Unfortunately rewired is not the most prolific of posters.

Like Vivatifosi, I would like to see house prices fall - not to end inequality, but for the good of the UK economy generally. Wanting it is not going to make it happen however, and neither is whinging about it on this forum.

In each generation some have success practically handed to them on a silver platter. Most, however, have to actively go out and achieve whatever success means to them. If you want to be a homeowner, then go out and do a little something every day to make that happen.

Londonsu

Ruggedtoast even if an individual 'Boomer' wanted to show the milk of human kindness they re often prevented from doing so.

My Aunt who is in her 70s wants to sell her 3 bed 30s semi and move into a small flat which she can manage better.

Her House is worth £400k at todays prices (not something that many young families can afford).

As the flats that she is looking at are around £150k she decided that she wanted to sell her house at a lower rate to enable a young family to buy and STILL have enough to buy her flat and have money she can live on - good idea yes?

ER no when she went to see a solicitor to find out how she could do this
she was informed that she may have have serious problems with her council if she eventually needed residential care, her council could ( and most likely would) see the fact that she sold her house for a knock down price as a means to get out of paying care home fees (deprivation of capital) although the council would have to prove that was the intention.

Faced with this prospect she has had to give this idea up and put the house on the market for a tad under £400k

John1993_2

ruggedtoast wrote: »

I'm pretty sure there are more than 2 choices in life. One is compassion for others and letting flow the milk of human kindness.

Let flow your milk boomers! In the form of affordable housing.

Housing is very affordable, you just need to work on getting skills that will get you paid.

I'm still young, as are most of my friends. We all started modestly, and all have flats or houses in central London. It's doable, but you need to take some responsibility for yourself.

No-one else is going to improve your lot, and until you do it yourself, not much will change.

ukcarper

vivatifosi wrote: »

Why do you think boomers are not compassionate? Is it not mostly boomers who are having to act as bank of mum and dad?

It is about time you realised that baby-boomers are not homogeneous. It doesn't matter how many times you say something, it does not make it true. Much the same as it doesn't make it true for Gen X or Y.

As it happens, I would like to see cheaper housing, I think it would be good for most people, as people trade up more than they trade down. Nevertheless, there are a couple of components to affordable housing. One is the actual price of the house, the other is the interest rate paid. Why do you think you are so much worse off paying £150,000 for a house now at just a few % than we were paying £70,000 for a house in the late 1980s at over 10% and rising to 15 with no chance of a fix?

Would that help people the article is about

From article
" As a result, they have little equity in their property – or may even have negative equity – and face difficulties getting a big enough mortgage to allow them to upsize."

Fella

ruggedtoast wrote: »

Anyway if you don't want to read articles about generational inequality don't click on them. I didn't write it incidentally, someone in the Mail did that on their own. Contrary to popular belief I dont actually put all these generational inequality stories in the national press and on tv myself.

Although it was you that changed the headline from something relatively dull to a foaming-at-the-mouth soundbite of your own choosing.

OffGridLiving

Yawn, has ruggedtoast had another fall out with his mum and dad?