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Debate House Prices


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The Selfish Generation

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Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Linda_D wrote: »
    Most boomers are homeowners so what? It doesn't mean you can't be a homeowner if you work hard.

    You need to get over this boomer jealousy that is ruining your life. Yes life isn't fair but it doesn't matter how many hundreds of boo hoo boomer threads you post, it will make ZERO difference.

    Only you can change your life. Stop blaming others and look at yourself and ways for improvement. Your life doesn't need to be one long bitter disaster.

    Chucky? Is that you?
  • Linda_D_2
    Linda_D_2 Posts: 1,891 Forumite
    Chucky? Is that you?


    Who's Chucky? Is it that one who's got the hots for MC Hammer?

    I'm Graham_Devon's alter ego, well I've been accused of that by some sherlock!
    You Graham_D, I'm Linda_D, therefore we're the same person was the logic:rotfl:
  • All the whinging from the OP makes me glad to see the suffering, long may it continue. Long may you and your kind stack shelves in supermarkets for minimum wage whilst either paying a fortune to a landlord to live in some hellhole or, worse, live with your mum until she boots you out when you get into your mid-30s. May your pension be only ever state provided, may your only assets in life be the latest mobile phone. May the offspring of whichever poor unfortunate young lady settles for you be state educated and forever suckle on the teet of the benefit bosom.

    You deserve everything you get you worthless wretch.
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    I grant you that some of us have done very well, but there are a lot of boomers retiring with little or no pension or savings. They might own a house but if they sold it they would still have to live somewhere.

    My view is that the under 30s have been subject to a giant confidence trick which started with Thatcher but has grown uncontrolled under subsequent governments.

    Thatcher convinced my generation that selfishness was a virtue and that any form of collective protest was evil and socially unacceptable. Of course they dressed this up in new clothing, individual enterprise, personal responsibility, keeping more of your own money, freedom to borrow more than you can afford and fuelled house price inflation. Blair continued those opportunities for the next generation, more borrowing, more debt, student loans etc

    Over time this has in my view led to the compliant generations, who think it is wrong to protest, are unwilling to engage in politics or join a union (let along consider striking). These are the same generations suffering low pay, zero hours contracts, little or no pensions, unaffordable housing etc. A small proportion (in all generations) do very nicely but many more people struggle.

    While it is not fair, it will continue to happen unless the generations affected are prepared to take collective action to reverse this. They can do it through the ballot box, political campaigns, trade unions, or probably social media. But if they remain apathetic and just soak it up nothing will change.

    It is not for me to say what kind of society an under 30 wants to have, but they need to understand that it will not happen without them doing something to make it happen. Doing nothing simply means you are content with your lot, because the baby boomers will largely be voting to maintain the status quo.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • Sapphire
    Sapphire Posts: 4,269 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    As usual, you're plying your vile propaganda here. Let me tell you that I know many pensioners who are very badly off, despite having worked incredibly hard all their lives. There may be some that are not, but the ones I know who have money give large sums to their children – and have provided them with private education, something they themselves did not have. Many didn't even have a university education, since very few people went to university when they were young.

    Note also that £6,500 p.a. is a very low amount to live off – and there are people I know who have pensions that are that low.
  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Note also that £6,500 p.a. is a very low amount to live off
    It is indeed, but on the bright side those pensioners have reasonably good mobility and don't need any assistance.
    I have the other sort in my family. Get plenty in various benefits but would rather have the use of their legs.

    Curious - but what was their plan?
    Did they think state pension would be enough? Were they expecting the kids to help them out in return? or did they accept they would have a low income? or did they just get the sums wrong?

    Either way it's great they don't need any disability or attendance benefits. I can assure you plenty would swap places.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Most boomers are homeowners. Most homeowners are boomers. Ipso facto. The boomers veto.

    Got any figures to back that up
  • MumOf2
    MumOf2 Posts: 612 Forumite
    Part of the Furniture 500 Posts
    edited 18 November 2014 at 9:04AM
    Just to add to the discussion. This boomer was born in the late 1950s as well. Worked jolly hard at school and came out with 9 O levels and 3 A levels (top grades, solid academic subjects). University was out of the question financially and culturally so straight into work on v. low wage. First house - flat corrugated iron roofed, damp, cold and pokey. Second house - not much better condition but a little bigger. Mortgage interest rate 13%; crippling repayments. Dead end jobs just to make the mortgage each month. No television, no phone, no holidays, no alcohol, I remember rationing anything other than tap water to one glass a day (lemon squash very diluted with water my favourite).


    Four children later and things are better (we both worked jolly hard all our lives) but certainly not in the same way as we read about for the boomers of our generation. Still responsible for two children and now supporting elderly parents on both sides.


    All these benefits the boomer generation have apparently enjoyed have passed us by - they must living in a different world to the one we inhabit.
    MumOf4
    Quit Date: 20th November 2009, 7pm

  • So what happens once we've built over all the countryside and there's nowhere left to build, what are you going to complain about then? Physics?

    An ever expanding population against limited resources (housing) has caused this problem. Perhaps concentrating on the other side of the equation rather than destroying the countryside would be a good way to begin.
  • I'm 35, so not in the 'screwed' generation, but neither a boomer either.

    I don't think you can blame an entire generation for this stagnant economic position we've been in. Stagnant is still better than depression.

    However, 'boomers' do still fail to mention that whilst they were paying 18% mortgages and drinking stale ditch water to survive, house prices reflected this high interest rate, they then saw a long period of prosperity afterwards - rising house prices increased their equity and rising salaries made their mortgages evaporate. They are also going to take a massive financial toll on the NHS in the coming decades.

    We have now seen a sustained period of low inflation - and low inflation isn't good for anyone when house prices ignores it! Increased population pressure has kept low wages low, increased rents and has probably now got a generation of young people trapped into it.
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