Time for a new generation to enjoy same opportunities as their parents...

THE_MASKED_TURNIP

A lot of goons on this board looking quite foolish now, well for the last year at least, what with their idiotic predictions. They should have some damn dignity about themselves and stop posting. Even rewired has quit now.

Percy1983

THE_MASKED_TURNIP wrote: »

A lot of goons on this board looking quite foolish now, well for the last year at least, what with their idiotic predictions. They should have some damn dignity about themselves and stop posting. Even rewired has quit now.

Says the man who keeps saying I have a failed business venture under my belt, to which I can't remember such a thing happening or ever posting on here about such a thing happening.

But hey you can keep evading my question of wheres your evidence I have a failed business and look quite foolish if you want.

THE_MASKED_TURNIP

I didn't realise being a toilet trader classes one as a legitimate business owner. Everyone and their dog knows that you were bailed out by your parents and that you lived under their roof and rules until you were almost 30. A real man. Not.

Percy1983

THE_MASKED_TURNIP wrote: »

I didn't realise being a toilet trader classes one as a legitimate business owner. Everyone and their dog knows that you were bailed out by your parents and that you lived under their roof and rules until you were almost 30. A real man. Not.

I am still waiting for your evidence of any of these things you keep saying? the only bit you have correct is nearly 30 (28) but even then they weren't imposing any rules on me.

Yet again if you stalked me a little better you would know my business is in video productions and the new business is in photography (the complement each other very well).

Out of interest do you have a go at Jonny Bravo (not seen him in a while) for also moving out of his parents at the age of 28?

As said before you say I am not a real man, yet I would say real men don't get banned on the MSE forum... how many times is that for you now?

Don't worry if you stop being so bitter and work a little harder you may eventually become half the man I am, the rest will take much more work.

goosander

Loughton_Monkey wrote: »

Not having a go at you, but I just think that longer tenancy agreements are impractical in a lot of cases. I once rented my main home out while abroad. I could very well have needed the house back at 3 months notice - which potentially would have caused a minor problem had I just signed up a new 6 month tenancy.

If tenancy was forced to be, say, 12 months notice, then I don't know if many tenants would like that idea. 3 month for tenant, and 12 for landlord seems more than mildly unfair to me.

Agreed, but I think many landlords wouldn't mind giving tenants more security but it would have to be balanced with greater landlord rights to evict in the event of non payment.

I think if tenants had the option of say 5 year tenancies which can be ended (by the tenant) with 2 months notice after the first year, it would provided much more security and make renting a much better option. This would have to be balanced by annual rent reviews and a fast & guaranteed procedure for evicting tenants for non payment and other serious tenancy breaches e.g. 2 months arrears & LL can get automatic eviction a month later.

ILW

Bought my first place (a one bed in SE London that needed work) with a 15% on £38k in 1990. It's worth close to £200k now. Think I got the better deal.

BobQ

HAMISH_MCTAVISH wrote: »

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10359425/Time-for-new-generation-to-enjoy-opportunity-of-95-per-cent-mortgages.html

:beer:

In the sixties and before life was simple you could live your life without getting into debt. Since then the economic imperative has been to get the masses borrowing, taking out ever increasing mortgages, the simple plan get them in debt and then they will not protest or even strike. The next thing was to borrow against their ever appreciating asset (buy a better car on tick, or a new kitchen on tick, in fact anything on tick). Meanwhile the incentive to buy was escalated by higher rents (driven by lack of availability, council house sales). Debt made employees less secure as did increasing self employment (the next initiative, incentivised by unemployment growth). But we still encouraged personal debt on mortgages, cars etc and we made debt easier by offering near 100% mortgages, still driving up rents through not building homes. The next idea was to catch them young, get students in hock for their education. They already had the bug, copying their parents by taking out loans they could not afford, so taking on student loans so that anyone can while away a few years at the university holiday camp of their choice (even if they had no academic ability) was an easy sell. Now we have a very compliant population who object to very little as they carry their own personal debt burden around with them.

So yes lets not solve the housing crisis, lets just keep them all borrowing and explain that they too should have the benefits their parents enjoyed.