They're building like crazy in my once small village, several new estates have gone up. Cheapest 2 bedroom shoebox is well over 200k I think, totally out of reach for most young people.
Young Men Playing Video Games Instead Of Finding Jobs
- Thread starter Ayahuasca
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200k is nothing compared to 1 bed shoe box costing 450k in London.
A wasted generation of controller warriors, who could be asked to defend the country in the next few years.
Bloody scary!
Ps. No respawns in real life, kids!
Both prices are ridiculous when you take in to account regional wage differences.
Increasing supply while reducing available credit might help but people will still sit on property rather than take a loss.
I wonder if people saw it coming that when homes switched to 2 incomes that prices would go up due to increased available borrowing (not saying women shouldn't work or anything like that just the simple fact that more available credit led to a massive jump in house prices).
Perhaps we'll see a return to the old way with multiple generations under one roof considering the increasing problems with elderly care.
Soldato
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But has your example gone up in real terms though. Plugging 1972 and £1270 into here and having it calculate to 2016 (can't do current year) shows that whilst in raw RPI terms that might come lower than the cost of the Mondeo if you actually look at the labour earnings (so the amount equivalent when related to average earnings at the time) then the figure from the Modeo is actually quite a bit lower than could be expected.
Yes, more young people live with their parents for longer now, after 2007 the wages have dropped while houses rose by 100%.
They want it all now that's the issue.
I was out on my own 17, never looked back, never asked for any help
All I had my a bag of clothes and my 1210's and to borrow furniture, a few milk crates etc
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The thing with saving for house is that the HPI will outpace your monthly/yearly saving. You save 1k a month but the houses are going up by 2,5k. Vicious bankers circle.
As for the younger generations you are right they have everything what they want in instant, bought on cheap credit.
The world is done with infrantry heavy wars.
When was you 17 though? the last few years have made it increasingly harder for young people to move out and if your a young male your at the bottom of the list of getting a council house anywhere in the UK now, add in how poor wages are now renting can make some people struggle to keep a head other them.
Associate
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Also v important to remember that the quality of the car is so much higher that what it was back then, and cars have increased in size so we are not comparing like with like
Associate
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One thing I always seem to be discussing with friends is that kids never expect to suffer a dip in material circumstances. When they are living at home they enjoy a very high standard of living because they are benefitting from 30 years of their parents labour, and they can't envisage their standard of living dropping
When I left home for Uni I expected to be substantially poorer, and I was
What shocked me was when I started work, I was even worse off, and the reality was that it wasn't until I was well into my 30's that the car insurance bill (or any other chunky cost) dropping on the mat wasn't a financial disaster
The kids I know in late teens/early 20's all seem to expect to eat out at least twice a week, in addition to clubbing nights and weekends away - blimey, I can't afford that and I have a very decent job!
Looping it back to the OP, they can't afford the lifestyle they want if they go out to work, but if they stay at home they have most everything they want, esp if they have soft parents (+ wifi)
These guys are living in the present and not looking forward to any future, because it's all too difficult and they cba, and in a way, who can blame them?
When I left home for Uni I expected to be substantially poorer, and I was
What shocked me was when I started work, I was even worse off, and the reality was that it wasn't until I was well into my 30's that the car insurance bill (or any other chunky cost) dropping on the mat wasn't a financial disaster
The kids I know in late teens/early 20's all seem to expect to eat out at least twice a week, in addition to clubbing nights and weekends away - blimey, I can't afford that and I have a very decent job!
Looping it back to the OP, they can't afford the lifestyle they want if they go out to work, but if they stay at home they have most everything they want, esp if they have soft parents (+ wifi)
These guys are living in the present and not looking forward to any future, because it's all too difficult and they cba, and in a way, who can blame them?
Mate, drones are flown using Xbox controllers.
Caporegime
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Over here in the US it's so competitive. At high school if they aren't in the band, sports team, extra curricular after school team, doing community projects and then homework till 2am they are already behind their peers.
The UK has just lost all it's drive and focus. It's really eye opening to compare the two.
The UK has just lost all it's drive and focus. It's really eye opening to compare the two.
The study was based in the US.
Caporegime
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You can pick up a console for £120 on gumtree quite easily. Even less if you get lucky.
Games and playing online don't exactly cost much either. Maybe £150 a year which equates to £3 a week to have fifa, cod and another game of your choice every year.
Broadband is by far the biggest outlay and even that is like £15 a month on the cheapest of deals.
Caporegime
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That's the difference between those who get ahead and those who are left behind completely. If you want to go to college, get a good job etc it is imperative you do all of the extra curricular otherwise you might as well not bother to do any of it the bar has been raised that high.
I mean sure if love to play fifa all day. But I also want money so..
Soldato
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Is it not a bit depressing that kids in high school now have to focus the majority of their time and effort on setting themselves up so that they can have a prosperous life in 20 years time?
The study isn’t about getting ahead it’s about young men seemingly checking out of society altogether.
I don’t think it’s anything to do with extra curricular activities at all, you can succeed in a career without being on a sports team, doing community projects or doing homework till early hours.
The men in this study are just refraining from doing anything it seems, I mean they could earn 30 grand a year working in a factory if they stuck it out for a number of years but why bother with that struggle when they can game 8 hours a day and still live a comfortable existence.
It was in 1990, I rented with a mate. Neither of us had nothing but clothes and some vinyl, it's all we needed.. party times weren't they
