An Evening With... Jeremy Corbyn

cells

ruggedtoast wrote: »

I think you need to get your argument sorted out. Because on the one hand you are saying that everyone who wants to be rich can be, and on the other hand you are complaining that:

"wealthier people already do pay more while most people either take out or net pay nothing"

Well which is it? Are we living in a glorious meritocracy, or one that actually fails "most people", because they work as hard or harder than the minority but never even earn enough to make a net contribution.

You can't have both.

We live in a social democracy where possibly more than two thirds of households receive significant inheritances and gifts, ~£6.5 trillion per generation by my estimates

The other 1/3rd do not.
If you think the 1/3rd is going to rob the 2/3rds you will have a long wait. If you want to instead improve the lot of this 1/3rd so those who benefit from inherited wealth increases towards 90% of all households you can do so by selling off the social housing stock to its tenants.

ruggedtoast

Boomers plans to leave no inheritance to their children!

http://www.dailymail.co.uk/news/article-3744303/Selfish-baby-boomers-generation-wants-spend-spend-spend-leave-cash-children.html

Baby boomers – generally referred to as those born between 1947 and 1964 – are often seen as the ‘selfish generation’ because they have benefited from good wages and rising property values before retiring on gold-plated pensions.

One in four say they are relying on inheriting the money built up by their parents so they can retire in financial security – despite two out of three baby boomers saying they would rather spend their inheritance than pass it on and they will not bankroll the future security of their children.

Out,_Vile_Jelly

ruggedtoast- how do you think Corbyn is going to win votes across middle class, small c conservative England? I suspect calling boomers names may not be a successful tactic.

Rinoa

Out of touch?

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https://www.youtube.com/watch?v=I-uaB2s4kO4

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cells

ruggedtoast wrote: »

It is down to price.

Then why has ownership crashed in Manchester where prices are cheap?

Try private renting for a couple of years. Or even talking to someone who has done.

I have, 3 years while at university and then 4 years while in my first job. That is 7 years of experience of private renting.

What was your point? Are you trying to suggest that its impossible to escape from private renting? You would be wrong if that is your view

ruggedtoast

cells wrote: »

Then why has ownership crashed in Manchester where prices are cheap?




I have, 3 years while at university and then 4 years while in my first job. That is 7 years of experience of private renting.

What was your point? Are you trying to suggest that its impossible to escape from private renting? You would be wrong if that is your view

Prices are cheap in Manchester, to you. For people who live and work in Manchester and are paid by Manchester employers paying Manchester wages they are as unaffordable as everywhere else.

cells

ruggedtoast wrote: »

Boomers plans to leave no inheritance to their children!

whats more important, actual data or a silly newspaper article possibly written by a geography grad?

About 250,000 estates leave inheritances each year (that is about 8 million per generation). Read the data table I linked too rather than digging up some nonsense article

This does not include gifts before death or structures like trusts so the number is likely larger than this suggested 8 million estates per generation

ruggedtoast

cells wrote: »

Then why has ownership crashed in Manchester where prices are cheap?




I have, 3 years while at university and then 4 years while in my first job. That is 7 years of experience of private renting.

What was your point? Are you trying to suggest that its impossible to escape from private renting? You would be wrong if that is your view

I meant, try private renting for a couple of years with no hope whatsoever of ever owning anywhere - for your entire life. Not a few years in digs then buying somewhere before most grads nowadays have even made a dent in their loan payments,

cells

ruggedtoast wrote: »

Prices are cheap in Manchester, to you. For people who live and work in Manchester and are paid by Manchester employers paying Manchester wages they are as unaffordable as everywhere else.

The beauty of the internet age is that data is available to all and mostly for free. so instead of using gut feelings go and take a look and learn

http://www.neighbourhood.statistics.gov.uk/HTMLDocs/dvc126/index.html

Manchester
Full time male, median earnings = £29,900
Full time female, median earning = £26,150

Average terrace = £138.8k


Also consider that the average wages include 16-17 year olds and 18-21 year olds who typically earn a lot less. That is to say if you looked at the averages of 22+ year olds the average wage figures would be higher.

Also consider, the average terrace might be £138.8k but that means half of them are actually cheaper

Also consider, the median terrace is actually about 15-20% cheaper than the mean average price (going by scottish data which actually lists median and mean averages)


So once again, your world view does not match reality

cells

ruggedtoast wrote: »

I meant, try private renting for a couple of years

7 years is more than a couple

with no hope whatsoever of ever owning anywhere - for your entire life.

why would that apply to any significant number of people?
I've already shown you that about £6.5 trillion is inherited or gifted per generation and that it is spread wide. Ive already shown you that wages are higher than you think they are


One of my friends, An african man who is I think 33 now married last year to his African girlfriend and bought a house. Both on low wages and from 3rd world countries with no help. They could not have done that in London so they moved to the midlands where they were able to do that. If two people from a 3rd world country with no assistance can achieve it why do you think its beyond the possibility for natives with their higher opportunities and wealth?