Financial future

[the wopster]

...and to add insult to injury, those that have worked hard all their lives, paid off their mortgage etc will have to sell their home instead of their children inheriting it just to pay for their old age care, whilst those that spent their life claiming benefits or renting permanently will have this paid by the state. Nice!

I own my home outright (33 years old) and in 17 years I will be putting my house in my daughters name, so when I go into care ( there has to be 5 years between the signing over) she gets her inheritance and the government don't get a penny of her money.

 

[D.P.]

The problem with our current state of affairs is it's no ones fault. Everyone is constantly looking for someone to blame when all that has happened is a natural evolution of our means of production. But the time has come, or will be forced upon us, to change the system. The sooner we do it, the easier it will be in my opinion.

This means eliminating competition altogether, and that must include nations, hard as that idea may be to stomach. We need to look at the planet as a finite natural resource. Instead of large corporations acting in short term interests spending X millions drilling for oil, why not join together and spend 3X millions making solar panels for the Sahara to power the globe. Everything is too short term, as someone said earlier in the thread.

If we all work together we can get twice as much done, with half the work per person. Yeah we might need to not bother about iphone case factories for a while but who gives a toss anyway.

What do we need? Phones, computers, healthcare, education, food, beds, shelter.

What about research? I've never met a PHD student that cares about the profit their work generates.

What about research? I've never met a PHD student that cares about the profit their work generates.

Then you probably haven't met many PhD students, a majority of people I know with a PHD have tried to patent their research and/or create spinoffs and start ups to commercialize their work. A large amount of my friends work in spinoffs, either their own or their colleagues.

 

[Ilikeitblackplease]

I own my home outright (33 years old) and in 17 years I will be putting my house in my daughters name, so when I go into care ( there has to be 5 years between the signing over) she gets her inheritance and the government don't get a penny of her money.

you are 33 and in 17 years you'll be going to a care home?

 

[Simon]

17 plus 5.

 

[holymonk]

Another example

Flat in my building sold for £375k in November 2007 and just sold for £410k.

The comparison isn't just about a recession, its about the area the property is in, its desirability and demand.

 

[Guile]

.. So for those of us who are lucky enough to own our homes (with mortgage)

You debt slaves count yourselves as lucky?

You only bought property at the high end of the boom because you have been propagandised that property will never fall in value. In all honesty, it could all crash if this country continues down the line it's puppets are forcing on our people. The usurpation of foreign capital will eventually be stopped and you will be left with severe negative equity. Debts slaves wrapped up in their own little comic book world believing that the fiat econmy is bullet-proof and that the small period of time in which they have lived is representative of reality. Read some history.

 

[the wopster]

you are 33 and in 17 years you'll be going to a care home?

No it gives enough time between signing my house over and retiring so the government can't go back to my daughter for the cost of my care if I need it (didn't explain it very well did I lol)

 

[danielanthony]

This is what happens when demand outstrips supply, you may have noticed the number of people in the country keeps increasing...

The answer is obviously to build more homes, but land is a finite resource and how much of the countryside are we willing to Tarmac over?

 

[the_worrier]

This.

Power such as this, too - http://www.nss.org/settlement/ssp/

Moon colonization and other stuff (depending on population - what's with all the chat of population control anyway - when we can expand in to space?)

Big fat ideologies get in the way. After a change in collective thinking, we could see some actually awesome progress with living standards and happy, fruitful living for a lot more people.

It's quite annoying in this time and age I think, despite all the progress humans have made technically, it hasn't really filled a large proportion of humans with positive future prospects such as housing/food or not lying in your own crap when you are 85 years old.

What's the care like for someone in a state funded elderly home, out of curiosity?

Its ok in most cases. The issue is why should you pay when there are less deserving who dont have to?

 

[the_worrier]

No it gives enough time between signing my house over and retiring so the government can't go back to my daughter for the cost of my care if I need it (didn't explain it very well did I lol)

That option wont last forever!

 

[Dave85]

My brother is 28, these are the times we are living in, whining about it won't fix any thing and won't make you feel any better.

You don't "need" your own house, as part of a family its your place to look after the other members of it if they need help.
If living with your parents is the only option then, just do it.

I have no problem living with my parents I Like to think I will look after them when it comes to it but I do get annoyed with the general attitude in this country that its a bad thing and then getting classed as some sort social outcast

 

[wnb]

I am planning buying two houses next year to rent. I pay into a pension but the way things are going it wont be worth what they keep telling me. I will buy bricks and morter to pay for my retirement, I might buy several houses but not too many as I want to keep it manageable.

Thats what my dad has done he has his pensions, investments and his houses which pay for a nice retirement. When his number is up he will leave a house to each of his grand children.

 

[trojan698]

Then you probably haven't met many PhD students, a majority of people I know with a PHD have tried to patent their research and/or create spinoffs and start ups to commercialize their work. A large amount of my friends work in spinoffs, either their own or their colleagues.

I've met a fair few, the ones I attract don't care.

I guess the point I was trying to make is financial incentive doesn't drive progress.

 

[estebanrey]

I guess the point I was trying to make is financial incentive doesn't drive progress.

This is an interesting topic, I once had a debate with my Uni lecturer after she claimed that money isn't always a motivation and she cited teachers as an example of a group of people that work for the love of it rather than the money.

I argued that if that were true how come we often see strikes over minor changes to their pensions/pay.

I came to the conclusion that people are different, you can't say all teachers are in it for the money and perks but you can't also argue that all teachers are noble beings whose only interest is educating the nation's children.

I often find, and this is pretty cynical, that people who do nice things for free or little money actually have a bigger plan in mind knowing the good publicity/reputation they gain from it will enhance their future earning ability.

 

[trojan698]

This is an interesting topic, I once had a debate with my Uni lecturer after she claimed that money isn't always a motivation and she cited teachers as an example of a group of people that work for the love of it rather than the money.

I argued that if that were true how come we often see strikes over minor changes to their pensions/pay.

Mainly because they essentially do a very important job inspiring youth, and get overworked for the money they do get, when the good ones could make more money elsewhere.

I often find, and this is pretty cynical, that people who do nice things for free or little money actually have a bigger plan in mind knowing the good publicity/reputation they gain from it will enhance their future earning ability.

Doing good things for status, and doing good things for good (and ultimately karma imo) are totally different. You could even argue the latter is selfish in a round about way, but that argument is, I think, totally pointless and inconcludable (word?).

I actually think a collaborative society without intellectual property, patents and money motivation could prove more prosperous than the capitalist system. Innovation would attract great minds that would otherwise seek cash money.

 

[smelly_legend]

Its ok in most cases. The issue is why should you pay when there are less deserving who dont have to?

Well, now that depends on who you think is less deserving. I for one wouldn't like to judge. It's not really practical to judge, now is it?

inconcludable

"inconclusive"

 

[estebanrey]

Mainly because they essentially do a very important job inspiring youth, and get overworked for the money they do get, when the good ones could make more money elsewhere.

But doesn't that prove my point? If you are in a job because you love it and have some sense of commitment to its cause why would worry about higher paying jobs you could get elsewhere?

I'm not saying teachers should work for free, I just don't agree that the nobility of the profession is their ultimate goal in life.

Also, if I can be cheeky for a moment, isn't the idea they could easily get a higher paying job in the industry they teach disproved by the expression that "those that can do, those that can't teach"?

 

[trojan698]

Well when your wage gets cut by elitist richass lazy smug politicians that arent in touch with reality, and you're already overstretched... that doesn't prove lack of nobility.

It's not as simple as teachers are noble or teachers are useless. There's thousands in the UK each with different stories and motives. The job itself is undeniably noble though, I hate kids, would you teach?

The expression is "those that can't do, teach". But it's kind of irrelevant, because why is doing better than teaching? I had the pleasure of two great maths teachers without which I would not have stuck it as a subject. I've always been blessed with good teachers in subjects that matter, bad ones really put you off.

 

[Edinho]

I own my home outright (33 years old) and in 17 years I will be putting my house in my daughters name, so when I go into care ( there has to be 5 years between the signing over) she gets her inheritance and the government don't get a penny of her money.

And she shacks up with a manipulative boyfriend nutcase. Kicks you out and sells it. Win win.

 

[aln]

Do you not think that it is right that you should have to work your "nads" off to afford something like your own home?

Nope. Typically a person needs shelter and food, we should strive to ensure those are reasonably available to people without breaking their backs. Of course, this wouldn't suit rent seekers, nor would it be entirely awesome for anyone who already owns seeing their net worth drop considerably, but if we're talking in terms of should, I don't think its necessarily a good thing to see every new generation suffer more at the benefit of the former.

I'm not sure much can be done about it though, but we could probably start with accepting more planning permission applications. Alas, I'm already on the ladder though, so screw you and everything else, lets keep the status quo.