UK Affordability still very good

ukcarper

economic wrote: »

probably. so you are not certain.


I am not saying I am typical. I am 34 and with a net worth of 800k. however you are maybe the otherside of this extreme.

I don't think so I'm in my 60s and have a property worth at least £400k and a private pension. Still can't afford to help kids not that they need it as they already own.

ukcarper

economic wrote: »

do you understand the differences between inheritances and gifts? if you don't, I suggest you read it up before polluting this thread with your waffle.

Have you any figures show just how many people are gifted money towards deposit.

economic

ukcarper wrote: »

I don't think so I'm in my 60s and have a property worth at least £400k and a private pension. Still can't afford to help kids not that they need it as they already own.

are you single? what was your latest income?

ukcarper

economic wrote: »

are you single? what was your latest income?

Not single haven't worked for a number of years when I did I was earning about median full time male earnings.

Windofchange

economic wrote: »

do you understand the differences between inheritances and gifts? if you don't, I suggest you read it up before polluting this thread with your waffle.

So where is the value of gifts in the UK each year or will you just make a number up and say I just know this because my mate Rupert got a 2 million quid gift of his dad last year? Where is your data seeing as you want to berate others for a lack of it?

EDIT: Exactly as per UKCarper above - where is your data? Where is your evidence?

economic

Windofchange wrote: »

So where is the value of gifts in the UK each year or will you just make a number up and say I just know this because my mate Rupert got a 2 million quid gift of his dad last year? Where is your data seeing as you want to berate others for a lack of it?

you really gotto stop accusing me of things I did not say. you seem very childish.


I do not have the data. I am basing it on experience. looking at my parents if they have earnt what they have over the years with lower then average wages then I am sure there are many others in their generation that can afford to gift a lot of money.

economic

ukcarper wrote: »

Not single haven't worked for a number of years when I did I was earning about median full time male earnings.

you must have been a big spender or went through a divorce which cost you a lot.

economic

ukcarper wrote: »

Not single haven't worked for a number of years when I did I was earning about median full time male earnings.

how much have you contributed to the pension?

Graham_Devon

Windofchange wrote: »

The ONS paper states as sources of income:

1) Money and Savings
2) Property
3) Personal Items
4) Stocks and Shares

What other money are you talking about? Let me guess, you are going to assert that everyone in the country has £200k stashed in crisp £50 notes down the back of the sofa?

So, other than those 4 categories above, what other money? Your counter points are absolutely farcical.

Whatever he likes.

Remember, if you don't like something, you just make something else up entirely and go with that.

You are being trolled

Windofchange

economic wrote: »

you really gotto stop accusing me of things I did not say. you seem very childish.


I do not have the data. I am basing it on experience. looking at my parents if they have earnt what they have over the years with lower then average wages then I am sure there are many others in their generation that can afford to gift a lot of money.

So, take the FACT that the top 10% of the population take 66% of inheritances.

If there are gifts as well, does it not follow that roughly the same distribution exists there as well? Are you going to say that despite having no wealth to inherit, the bottom 50% of society have magically gifted hundreds of thousands of pounds?

So despite wanting hard facts and analysis you are now basing an argument on experience? Yup, your parents = the rest of the UK.

You're just wrong but you won't admit it of course.