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Young people feel robbed of a better life but they don't know what to do about it
- Thread starter oldbag
- Start date
I agree it's pretty depressing at times. Fact is house prices have risen considerably more than wages. I was talking to a colleague just last week who interestingly graduated from my exact course in the early 90's, and bought his first house 3 years later for 3x his graduate wage. Now his house is worth around 8x his (current) wage. Says it all really.
Even though I've gone to Uni, done a decent degree and now have an 'OK' graduate wage it's still not enough to really be building a future on, not down south anyway. All I can do is continue to keep trying to raise my income and keep my fingers crossed that either house prices fall or I make some lucky investments elsewhere.
Even though I've gone to Uni, done a decent degree and now have an 'OK' graduate wage it's still not enough to really be building a future on, not down south anyway. All I can do is continue to keep trying to raise my income and keep my fingers crossed that either house prices fall or I make some lucky investments elsewhere.
All I could take from that Guardian article, was; a bitter and twisted woman, who's realised her freelance journalism salary isn't going to get her a mortage to buy the house of her dreams in London, so has took to writing a whinging article of thinnly veiled jealousy, piggy-backed onto a study about differences in optimism levels, in developed countries, and developing countries.
My favourite quote of the article;
"Indeed, in modern Britain only the wealthy with their trust funds and house deposits courtesy of their parents have any right to feel good about the future."
I'm pretty good and optimistic about the future, and I have neither of those things. When I read that I could literally smell the jealousy that was poured over the keyboard when that was initially typed by the author.
My favourite quote of the article;
"Indeed, in modern Britain only the wealthy with their trust funds and house deposits courtesy of their parents have any right to feel good about the future."
I'm pretty good and optimistic about the future, and I have neither of those things. When I read that I could literally smell the jealousy that was poured over the keyboard when that was initially typed by the author.
Permabanned
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I blame the BBC, the school system and most of all the Labour party for creating a generation of negative anti-capitalist self-entitled whiners.
Wasting their money on worthless student loans and mass immigration affecting job availability and housing supply have also contributed, but their negative outlook can be attributed to the above.
Wasting their money on worthless student loans and mass immigration affecting job availability and housing supply have also contributed, but their negative outlook can be attributed to the above.
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Soldato
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Is your profile going to say 'Banned' for ever now? haha
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House prices had a chance to come down after the 2008 crash but the state decided to prevent that from happening and working with the BOE and the banks (who would be the real losers to a house price crash) they intervened with the help to buy scheme for first time buyers. By doing this they have contributed to increasing the demand on already low availability. Due to the state helping people afford houses that are too expensive and they would never be able to afford. This further increases the demand for houses and thus the prices keep rising. Until they make it difficult for people to get a mortgage and people selling houses start struggling to find buyers, then the prices will never come down. Rather have the prices come down naturally than have the whole housing industry collapse at once when interest rates go up due to high inflation and the state budgets haemorrhaging.
Watch new Peter Schiff talk about the us housing market and how the state has helped the big banks at the expense of the home owners. Its quite interesting to hear the US side and how it has a lot of similarities with the UK industry.
Watch new Peter Schiff talk about the us housing market and how the state has helped the big banks at the expense of the home owners. Its quite interesting to hear the US side and how it has a lot of similarities with the UK industry.
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Associate
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Overall things get better as time goes on.
Soldato
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Maybe the modern generations have these attitudes as you get constantly bombarded by the media about these people who won't get a job because they are better off on benefits?
It ****es off most people who feel like they need to work for living - so not surprised at some peoples attitudes to work and entitlement.
Realistically at this stage of the welfare state, benefits probably can't be cut much further without having too much on the impact of the lives on the young kids in these households, after all its not there fault their parents are *****.
Education systems in primary and secondary schools could definately do with lessons to open kis eyes to the real world a bit more (E.G. how much you will need to earn to get a nice car and nice house on a nice street!)
It ****es off most people who feel like they need to work for living - so not surprised at some peoples attitudes to work and entitlement.
Realistically at this stage of the welfare state, benefits probably can't be cut much further without having too much on the impact of the lives on the young kids in these households, after all its not there fault their parents are *****.
Education systems in primary and secondary schools could definately do with lessons to open kis eyes to the real world a bit more (E.G. how much you will need to earn to get a nice car and nice house on a nice street!)
House prices.
Wish they were still 3x average salary - I'd have my own place by now.
Frankly I'm 34 and facing the prospect of *never* owning my own house, if I stay in this country.
And frankly the UK is a *terrible* place to rent, compared to the EU.
Caporegime
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Ahh that fleeting sense of entitlement...
Soldato
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Yes, I remember when Channel 4 wasn't crap and BBC news wasn't biased.
Yup he's bang on the money...and still people want to vote Labour back in or keep Tories.
Why not try something/someone else?
After a very long time pondering, I have concluded that it's worth buying a house if you can afford one, but barely worth saving to buy a house due to:
Just my musings.
- A reduction in liquidity (of course, the burden is lessened when halved)
- Interest on mortgages over the term are not wildly dissimilar from rent payable over the same period with a small deposit
- You are unlikely to improve your living conditions by moving into a relatively inexpensive house
- You commit to property in a ever changing job market with various opportunities to relocate
- House prices are rising at a rate which render your rate of saving obsolete
- You may be better off with other investments which have lower entry requirements
- The associated costs with buying a house are enormously expensive e.g. solicitors fees, which may equate to over 2 years rent
- The cost of a house is probably more expensive than the cost of renting from retirement to death
Just my musings.
Yeah, the entitlement of the previous generation.
You ask why it's fair that they have ever increasing housing portfolios and they say "We worked hard all our lives." The assumption, of course, is that we have the same opportunities they did, so we must not work as hard.
You ask if it's fair that our generation are paying the mortgage for their 3rd, 4th housing, and they say "Of course it's fair."
Oh yes, the entitlement of the previous generation is there for all to see.
Generational war fare will be hand in hand with class warfare, it saddens me my parents will almost certainly be on the wrong side.
What sickens me is the conversations I've had with people of that generation.
They think they're so clever having other people pay their mortgage for them.
I always ask if they think it's unethical. They either say "You'd be stupid not to" or they plain don't see anything wrong.
The previous generation are your parents, the ones making a comfortable life so when they pass away will leave their children who are already soft and pampered a comfortable life.