Life is so unfair!

dunstonh

Mothman wrote: »

Not sure I'd agree that '"mortgage payment as a % of mean take home pay" correlates directly with house prices as a multiple of incomes but hey ho.

It wasnt the one I wanted but couldnt locate the multiples one from HSBC. I recall that one only went through the 90s level just before the credit crunch.

bigfreddiel

dunstonh wrote: »

Its also unfair that people live longer nowadays!

Actually with obesity and diabetes now on the increase life expectancy is probably getting shorter, if it isn't right now it will be soon!

fj

bigfreddiel

And another thing about today's hard working families.

They want it all right away, detached house, house must be in their preferred area, new furnishings, new car, the latest phone and so on.

I seem to recall my first house was miles away from work in a cheaper area, was a two bed terrace, no ch, no garden, no double glazing. My car was an ancient Morris Minor. We had a tiny b/w to. I wasn't able to save any money, it all went on essentials like mortgage, petrol, food hence no overseas holidays.

The problem also is that kids now need to buy a new car car because it's so cheap, only £149/month, latest phone, £49/month, broadband and Sky TRV, £30/month, Netflix, Now tv, and the list goes on and on, so before they even think about a mortgage, they're shelling out £250+/month!

You need to get your priorities right, and I guess if you think a new car, phone etc is important, then that's your choice so don't bang on about not being able to afford your own home!

Cheers fj

bigadaj

Two bed terrace, surely it was a shoe box in middle of t' road.

marlot

bigfreddiel wrote: »

Actually with obesity and diabetes now on the increase life expectancy is probably getting shorter, if it isn't right now it will be soon!

fj

And the current NHS staffing and funding issues are just the tip of the iceberg on what is coming over the next 10-15 years...

seven-day-weekend

It's not fair that I could not join an occupational Pension Scheme until the 19909s when I was in my mid 40s. First because I was female and then because I was part-time. The legislation giving part-timers the right to join was not passed until about 1996.

Therefore I only paid in for about ten years, because I took early retirement at 55.

Therefore I don't have as much as someone who paid in for forty years.

Not fair.

Muscle750

And whose going to keep all the people who are clambering to get to the UK from overseas when they reach retiring age and will have paid nothing or next to nothing into the system......................exactly. Im 53 worked all my life I work with a few Polish who openly admit they are here for the benefits the Pension one even shipped his sister over here just to have her baby so the baby would have a british passport now gone back home And please dont even get me started on Public sector pensions gold plated to the hilt which us in the private sector pay into yet they dont return the favour

mgdavid

seven-day-weekend wrote: »

It's not fair that I could not join an occupational Pension Scheme until the 19909s when I was in my mid 40s. First because I was female and then because I was part-time. The legislation giving part-timers the right to join was not passed until about 1996.

Therefore I only paid in for about ten years, because I took early retirement at 55.

Therefore I don't have as much as someone who paid in for forty years.

Not fair.

but you could have doubled your entitlement by working until 65 same as most people. Retiring at 55 is not fair.

marlot

Muscle750 wrote: »

...please dont even get me started on Public sector pensions gold plated to the hilt which us in the private sector pay into yet they dont return the favour

Most civil servants have been moved to Alpha, which is much less generous (career average rather than final salary etc).

Despite the generous pension, I can't find people willing to come and work for the salaries I'm allowed to offer, so am having to pay contractors and suppliers to do the work.

chucknorris

Muscle750 wrote: »

please dont even get me started on Public sector pensions gold plated to the hilt which us in the private sector pay into yet they dont return the favour

If you think they are that good (they are good) then why not work in the public sector? I've worked in both, I now work in the public sector for about £55k (pro-rata) plus the pension. When I worked in the private sector I was on today's equivalent of about £70k. I think my public sector salary is more or less in the same ball park of what I earned in the private sector, when you add the pension.