Fearful buyers - what is the source of your fear?

PasturesNew

Arklight wrote: »

Buying a house is scary because it's designed to be a massive financial mill stone around your neck for most of the prime years of your life. A mill stone that you can't do without, that will ensure you'll keep your nose clean, go to work every day, and service the wheels of capitalism without complaining, no matter how much they roll over you.

if shelter were affordable you might do things like challenge your boss, demand more rights, join a pro-active union, or just quit your job if you weren't treated well. And society can't have that. Oh no, so your fear at saddling yourself with decades of debt comes from the rational understanding that something is wrong, which it is.

But don't worry, because in 40 years time you will have tonnes of lovely equity, to give to a privately run old peoples' home run by the children of the people you are borrowing the money from now.

This is true. In the past I've seen/heard of many instances of bosses preferring to hire people who have mortgages because bosses like to hire people with mortgages as they know they can't just speak up for themselves.

It's become harder for them as fewer people could afford to buy on the cr4p wages being paid

triathlon

Arklight wrote: »

Buying a house is scary because it's designed to be a massive financial mill stone around your neck for most of the prime years of your life. A mill stone that you can't do without, that will ensure you'll keep your nose clean, go to work every day, and service the wheels of capitalism without complaining, no matter how much they roll over you.

if shelter were affordable you might do things like challenge your boss, demand more rights, join a pro-active union, or just quit your job if you weren't treated well. And society can't have that. Oh no, so your fear at saddling yourself with decades of debt comes from the rational understanding that something is wrong, which it is.
But don't worry, because in 40 years time you will have tonnes of lovely equity, to give to a privately run old peoples' home run by the children of the people you are borrowing the money from now.

For crying our loud

Or it could be that homes are just nice place to spend the majority of you life with those you love the most.
I despair on some peoples outlook on life

triathlon

PasturesNew wrote: »

This is true. In the past I've seen/heard of many instances of bosses preferring to hire people who have mortgages because bosses like to hire people with mortgages as they know they can't just speak up for themselves.

It's become harder for them as fewer people could afford to buy on the cr4p wages being paid

In all my years and all the REAL life bosses that I know and socialise with not one has that attitude or view that you describe. A few maybe when they see a young person with a mortgage and a family that he or she values might think what stable people they are.

Davesnave

If we're having a history lesson, go back only 100 years or so, and very few ordinary people owned property and many rented places were tied to a job.

Of course, that doesn't mean houses are as affordable or as well-constructed as they might be now, but it would be more honest to remember the best period for purchasing was well within human memory.

The young couple who bought a 3 bed War Damage re-build across the road from me in the '70s are still there. The price they paid? About £10k. They never felt the need to trade-up.

Arklight

triathlon wrote: »

In all my years and all the REAL life bosses that I know and socialise with not one has that attitude or view that you describe. A few maybe when they see a young person with a mortgage and a family that he or she values might think what stable people they are.

Hmm, do you frequent home-owners' dinner parties by any chance?

Arklight

Davesnave wrote: »

If we're having a history lesson, go back only 100 years or so, and very few ordinary people owned property and many rented places were tied to a job.

Of course, that doesn't mean houses are as affordable or as well-constructed as they might be now, but it would be more honest to remember the best period for purchasing was well within human memory.

The young couple who bought a 3 bed War Damage re-build across the road from me in the '70s are still there. The price they paid? About £10k. They never felt the need to trade-up.

On the current trajectory of employment patterns, housing costs, and inequality, 100 years from now will be like that again.