Defeated and trapped. Young look on in despair at The Kingdom of the Boomers

moneyinmypocket

Most young people I see love townie and want to go on xfactor.

seven-day-weekend

Generali wrote: »

Better to get 1% of something than 10% of nothing!:money:

If the whole cake is big enough your 1% will be bigger as well It doesn't matter if someone else has 30% because your share will be enough.

Whereas if everyone has 10% of a small cake, then no-one has enough.

BobQ

ruggedtoast wrote: »

I have often wondered if the wealthy boomers, pockets jangling with cash and cars and houses, look down on their impoverished boomer brethren who have failed even to access the cash escalator that buying a home in the 70s or 80s guaranteed.

It seems to me that a young man pulling a lever in a Mattesons factory in 1975, splurging briney pate paste into large tubes, could by 2014 be an older man still pulling a lever but with a large amount of amassed equity and miles of pate behind him.

Well you can wonder all you like, but in reality there is no one answer that fits all.

Matteson man was presumably not university material and had few aspirations. He did work hard and was perhaps lucky enough to get a council flat or even a house. Then that nice Mrs Thatcher made him an offer he could not refuse. He continued to work hard, did up his ex-Council flat and sold it to buy a house. He lived there for 40 years and now he meets you and you say he has amassed equity. He says well, my family and I have to live somewhere, its not much use to me but my children are welcome to it when I die unless the state needs it to pay my care home fees.

What has he done wrong?

There is no point in moaning about what happened in the past. The real issues today for young people are security of employment, the minimum wage economy and house prices, a lot of which is down to political decisions. The strange thing is that young people are less politically engaged than most age groups

Masomnia

moneyinmypocket wrote: »

Most young people I see love townie and want to go on xfactor.

You need to expand your social circle.

ukcarper

ruggedtoast wrote: »

I have often wondered if the wealthy boomers, pockets jangling with cash and cars and houses, look down on their impoverished boomer brethren who have failed even to access the cash escalator that buying a home in the 70s or 80s guaranteed.

It seems to me that a young man pulling a lever in a Mattesons factory in 1975, splurging briney pate paste into large tubes, could by 2014 be an older man still pulling a lever but with a large amount of amassed equity and miles of pate behind him.

Come on rugged you know it was you GEN X who bought in the 90s who benefited the most from HPI.

GeorgeHowell

The notion that the better off must be looking down on the less well off typifies the Lefts warped view on the world. To them everyone must be either looking down with contempt and self-satisfaction, or looking upwards with envy and resentment. Nobody must be better off without standing to have it tsken away from them, and nobody relatively worse off is allowed to be satisfied with their lot. Everyone must be engaged in a class based struggle, just like the preposterous fraud Marx prescribed.

BobQ

GeorgeHowell wrote: »

The notion that the better off must be looking down on the less well off typifies the Lefts warped view on the world. To them everyone must be either looking down with contempt and self-satisfaction, or looking upwards with envy and resentment. Nobody must be better off without standing to have it tsken away from them, and nobody relatively worse off is allowed to be satisfied with their lot. Everyone must be engaged in a class based struggle, just like the preposterous fraud Marx prescribed.

Which perhaps explains why I never knew or cared that the Good Samaritan had money, but Thatcher clearly thought it was more important than the help he rendered.

fordcapri2000

What a thread :-)

As usual just a dozen regular posters who on a daily basis preach to the converted and gain faux self esteem and courage while blindly thanking each other too death.

I purchased my first house at the age of 21 in the early 90's, and do you know what, it was easy. Of course I thought back then that I was working my socks off with my 45 hour week and was rightly quite proud of myself, but looking back, it was so easy.

Today's young adults are not the chav scum lazy ponces you would believe after reading some of the bigoted rubbish on this thread. I doubt very much if many have children or even in a loving relationship going by the coldness of their rhetoric.

There are a dozen or so bigoted, troll types, self absorbed, delusioinal, preachy posters on this board where in truth you will never know their REAL story. Many might well have inherited, right to buy and just got plain lucky as I was by buying when I did, many even who are up to their necks in barely manageable mortgage debt who live in fear on a daily basis whose only control of the situation is to post daily on here trying to convince themselves "it will never happen".

Well maybe it won't, but that does not take away the fact that many under 35's have unique problems that my generation never had, and I for one would not wish to be in their shoes. The fact that the under 24's have only 96k ownwer occupiers in the whole of the UK proves something. In my day all of us owned with the odd exception before we was 25.

There is nothing me or even the most articulate intellectual critic of housing in the UK can say on this board that will make the usual suspects on this board debate, they have a single minded aim.

wotsthat

fordcapri2000 wrote: »

I purchased my first house at the age of 21 in the early 90's, and do you know what, it was easy. Of course I thought back then that I was working my socks off with my 45 hour week and was rightly quite proud of myself, but looking back, it was so easy.

Jackanory - you're in your fifties.

CLAPTON

fordcapri2000 wrote: »

What a thread :-)



I purchased my first house at the age of 21 in the early 90's, and do you know what, it was easy. Of course I thought back then that I was working my socks off with my 45 hour week and was rightly quite proud of myself, but looking back, it was so easy.




Well maybe it won't, but that does not take away the fact that many under 35's have unique problems that my generation never had, and I for one would not wish to be in their shoes. The fact that the under 24's have only 96k ownwer occupiers in the whole of the UK proves something. In my day all of us owned with the odd exception before we was 25.

amasing

so in the 1990s there was 100% owner occupation from the 25 year olds?