A Millennial Speaks out

steampowered

triathlon wrote: »

1. Mobile phones
2. Several holidays & short breaks per year
3. zero work ethic
4. Latest widescreen TV's(mine is still 15 years old going strong)
5. Out partying every weekend
6. Gym membership
7. Endless clothes
8. No idea how to use the appliances of a kitchen(see that so clearly from my tenants)


Taken me just one minute to type those, could go on all day. Today's under 30's have a mental age of 16 or even younger. Lazy, self entitled, they were born to have their hands held and hence the modern growing rental age. An age I might add where there is record cheap money and handouts and abundant housing builds, if they cannot do it in this era they will never do it.

God help us if WW3 starts, the breed that saved us in WW2 has long gone

Millennial work longer hours than your generation did, have to save much more for a deposit than your generation did, face a much more competitive job market than your generation did and face a higher tax burden than your generation did (largely due to the need to subsidise a ballooning number of retired people).

Millenials are in fact subisidising your lazy rear end through the BTL market. You are using housing wealth (most of which you didn't earn) to generate an income. If you were a millenial and entered the same job you had as a younger person, I bet you'd never be able to afford a BTL.

steampowered

triathlon wrote: »

Getting an income of £50K whether through a relationship, group buy, selling tat, second job if that's whats needed you have to find away.
I cannot stand people like you that put thoughts into young peoples heads that they cannot also achieve unless the property market is crashed in some way

An income of £50k from selling tat. Really????

The average earnings of a full-time employee in their twenties is £24k, so its a bit stupid to say that people should be earning £50k to earn property.

Out of interest, what job did you hold when you were younger? It would be very interesting to see if you would have been able to afford a property if you were a millenial working in the same job you used to have.

chucknorris

triathlon wrote: »

I cannot stand people like you that put thoughts into young peoples heads that they cannot also achieve unless the property market is crashed in some way

I don't project those thoughts at all (those thoughts only exist in your head), a lot of my dissertation students work part time, and they struggle (but manage) with bringing up a family while studying and not working full time, yet manage to buy a property, they have my uttermost respect.

steampowered

ukcarper wrote: »

I don’t accept that saving a deposit is a barrier to buying a property, I accept that the price of property in many parts of country means that it is out of reach of many people but not because they can’t save but because they can’t get a bigger enough mortgage. If you earn enough to get mortgage there is no excuse for not saving deposit.

The average deposit for a first time buyer is £33k, or £106k in London.

It isn't easy to save that when a giant chunk of one's earnings is being taken up by rent.

How much do you save in a year?

ukcarper

steampowered wrote: »

Millennial work longer hours than your generation did, have to save much more for a deposit than your generation did, face a much more competitive job market than your generation did and face a higher tax burden than your generation did (largely due to the need to subsidise a ballooning number of retired people).

Millenials are in fact subisidising your lazy rear end through the BTL market. You are using housing wealth (most of which you didn't earn) to generate an income. If you were a millenial and entered the same job you had as a younger person, I bet you'd never be able to afford a BTL.

The only part of this statement that is true is that the job market, when I left school job prospects were better especially if you didn’t have a degree.

ukcarper

steampowered wrote: »

The average deposit for a first time buyer is £33k, or £106k in London.

It isn't easy to save that when a giant chunk of one's earnings is being taken up by rent.

How much do you save in a year?

Don’t rent then £33k is a 10% deposit on a £330,000 house so you would need to be earning £75k a year to buy that house, if you can’t save £33k out of that salary in a couple of years you are doing something wrong.

I have no need to save but when I bought my first house We save the equivalent of £20k in a year on joint earnings equivalent to £45k

triathlon

chucknorris wrote: »

I don't project those thoughts at all (those thoughts only exist in your head), a lot of my dissertation students work part time, and they struggle (but manage) with bringing up a family while studying and not working full time, yet manage to buy a property, they have my uttermost respect.

You can never know for sure on these websites, but your over emphasising of home ownership and how successful you are over the poor people you claim to care about all the same makes me think just yet again another HPC infiltrator trying to make his point through the back door in that usual devious way

ukcarper

triathlon wrote: »

You can never know for sure on these websites, but your over emphasising of home ownership and how successful you are over the poor people you claim to care about all the same makes me think just yet again another HPC infiltrator trying to make his point through the back door in that usual devious way

Chucknorris HPC infiltrator :rotfl:

Cakeguts

I just want to add this. On many many occasions I have heard parents say that they want to give their children everything that they didn't have as a child. The problem with this idea is that the child learns that they can have whatever they want just by asking.

We are seeing examples of it on here on a regular basis. There are parents on here who think that their children will be damaged in some way if they have to share a bedroom with a sibling and the parents is struggling to buy a house where each child has their own bedroom. So lets start with the one bedroom each. Each child then as their own television in that bedroom, their own computer, their own iphone and anything else that they need. Apart from the fact that they don't learn to share they are learning by example that they can have everything that they want. You ask for it and your parents get it for you.

So we now have adults who have had everything that they ever wanted provided by parents who assume that the child will realise that they have to work for what they want and go without when there has never been a lesson in this growing up. When they start work people who have had this kind of childhood assume that "they" will provide whatever they want because that is how their life has always been. Then they discover that in order to have all the things they want they have to go without something else. This may be the first time that they have ever experienced this going without something. Just think about the parents trying to get their hands on the latest must have Christmas toy at any price and you can see what is going on.

If you have had a childhood like this and you find that you can't afford to buy a house while still having everything you want your immediate reaction is going to be that it is the fault of someone else because you have no prior experience of not getting what you want so if you don't get it then it must be because of something else that isn't your fault.

What the parents who try to get the latest must have toy don't realise is that the best lesson they can give their child is to tell them that they can't have one because a) their parent can't afford to buy one or b) there aren't any left. It will probably be broken by Boxing Day anyway.

As long as it is understood that you can't have everything you want then it is possible for anyone to do some serious saving.

chucknorris

ukcarper wrote: »

Chucknorris HPC infiltrator :rotfl:

I have to know what Crashy thinks about that :rotfl: I imagine he'll be just about as lost for words as I was. I'm tempted to Pm him asking him to comment, although no doubt he'll insult me, but no change there (water off a duck's back).