How can people be so greedy?

ixwood

And how does hard work have nothing to do with it? You can't just get a bit of paper and then qualify for an automatic future with built in dream home. Things need work.

neas

Badger_Lady wrote: »

Hey, hey, hey - I've got nothing against you going to Uni, I know you needed a degree to live out your dream - but comments like this won't do you any favours!

My lack of a degree didn't get me any kind of job at Tesco, McDonalds or whatever else you're going to stereotype me with - it's my role to build online strategy and business concepts for one of the largest companies in the UK.

As for this thread descending into a generational dispute - wasn't the original title "Why is the older generation so greedy?"

Im sorry I took it as a insinuation i.e:

"You dont wanna do that you wanna do this", to quote the fast show .. Sure i know i coulda got a higher paid job but I just fancied something that I enjoyed.

I expected because of this choice to be an engineer I'd not be 'mega-rich' i'd just be able to have a normal life.. a 2 bedroom house moving onto a 3 bedroom house.. 2.4 children that sorta thing. But feel pretty restrictred in current financial climate.

Just like to add that i've been in my job 2 years and have been saving for a deposit..

ixwood

You will... Normal people save, get promoted, save, save, save, get a payrise, save, save, buy a house.

ixwood

I think it's funny people moaning about older generations having it easy and ripping us off. Anyone over 50 probably grew up without electricity, central heating, holidays (nevermind foreign ones), cars etc and left school at 16 to do manual work.

neas

Any way i guess what everyone is saying including the HPC people.

Is that I just gotta wait 2 years and I'll be much better off, if house prices stagnate (more deposit), If they fall (I save more) and I'll have a more comfortable salary and not have the worry of a mortgage debt on my shoulder.

Thanks everyone.

neas

ixwood wrote: »

I think it's funny people moaning about older generations having it easy and ripping us off. Anyone over 50 probably grew up without electricity, central heating, holidays (nevermind foreign ones), cars etc and left school at 16 to do manual work.

It is interesting to note that if the older generation did do this... its funny when they expect the younger generation to keep their pensions going and care for them ::rotfl:
I guess we will see what happens .

ixwood

They did do that, we'll pay their pensions, and our kids will pay ours. That's how it works.

You want to not pay it? but obviously you'll expect a nice secure future with full pension.

I don't understand the logic for your attitude.

ixwood

Yes, in a year or 2s time you'll have significant savings and be in a much better position all round.

Now is defintely not the tme to buy.

baileysbattlebus

It was never easy to afford your first home, my OH and I married in 1975 and rented until 1982, most people rented first. When we bought our first home for 23.5k, a 3 bed terraced, we were both 28 and we had 3 children under 3, so there was no question of me going out to work. We took out the absolute maximum mortgage based on his salary, interest rates were high, I can't remember exactly but it was about 13%, we had to pay our legal fees in instalments. Our mortgage was half our income. We were absolutely stoney broke, no holidays, no new clothes, couldn't go out, what little money we did have went on the kids. If something major had happened we would have been stuffed, OH had to learn to be a motor mechanic, if something went wrong with the car he had to fix it, Haines manuals are marvellous things!
So don't say it was easy years ago, it wasn't, it was bloody hard. I think one big difference now is that people wan't everything "NOW", they want the house, the lifestyle, the car etc.
A lot of years down the line we are now comfortable and have a house worth a lot of money and are able to help our children if they need it.
So when you look at your parents' and older people bear in mind it probably was just as hard for them as it is for you.
At least you don't have sky high interest rates to contend with too.

neas

i seriously doubt by the time i retire my pension will be there... even though its a final salary pension with 1% of every year i work going toward my final salary.

State pension wont be there imo. So will not put my eggs in one basket etc, and will not use my house as a pension thats for sure .