Young Men Playing Video Games Instead Of Finding Jobs

Ryan-3 said:
Exactly this for me too. I’m at the age of leaving uni, starting a career, buying cars, etc. and totally agree. A lot seem to live in a bubble and don’t seem to understand what responsibility really is. Quite a few leave School and haven’t given their future any real thought, hence why they end up this way, or do a low paid job that they hate.
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You’ve seen the people making money from twitch and sponsors? Let alone Youtube? Or even esports games?

Granted not all of them are rich but a lot are just scraping by with the followers and some hardware sponsors.


How these people play Quake 8 - 13 hours a day to be a pro I’ll never know. I was shocked when I saw the world of twitch and how many streamers there are doing it for a living?
 
Vonhelmet said:
You're kidding yourself if you think those changes would allow people to cope with 17% interest rates. Maybe 5%, but even that would be very painful for a lot of people. It looks like they might go back up next week to like 1% or something, and even that little move could have painful knock on effects.
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You think is going to go up to 17% any time soon? If thet happened nearly everyone would be screwed over, hence it won't happen.
 
The_Abyss said:
It doesn’t have to. A rise of just 2% would put enormous stress on a significant proportion of borrowers.
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^^^ this for sure, hopefully more recent borrowers will have faced tougher requirements/affordability checks but certainly there will be people just scraping by today who'd be screwed a bit if, over the next few years rates start to creep up
 
LabR@t said:
Do you think it will go to 17% any time soon? I am well aware of the historic high rates post ERM fiasco.
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No... but if you look back... post 127 referred to those interest rates, post 128 wondered how people would cope with that, and then post 129 - your post - suggested cancelling Netflix, etc, to which I said in post 135 that wouldn't be enough, and now you in post 146 are asking whether I expect it to go up that high... well, no, I don't, but the whole discussion was predicated on the idea that it would.

However, as said, even a rise of a few percent would be enough to cause problems that your suggestion of cancelling Netflix wouldn't mitigate.
 
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Zatoichi.uK said:
I thought I was being clever fixing for 5 years around 3 years ago at 2.69. Ah well, hindsight and all that.
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It happens, no body has a crystal ball but it would be nice!

Being single and living own my house, I have been preparing for the worse and making over payments on my mortgage since I had it just over 6 years ago. Changed my mortgage deal over last week, reduced my mortgage payments by £100 a month but I am still keeping my over payments. So if something crazy did happen and the interest rates hit 4% (not 17%) over the next few years I be still be overpaying by a certain amount because lets be honest, there is only one way interests are going now and I want to be prepared.
 
V F said:
You’ve seen the people making money from twitch and sponsors? Let alone Youtube? Or even esports games?
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I was just referring to the youth as a generalisation, rather than those who go into professional gaming or online streaming. But as there are so many trying to become professional gamers and streamers, the whole sector is incredibly competitive - IMO hugely over-saturated - and very few will become popular enough to make a good living from it.

When I was about 15/16, I probably could have went down the route to try and become professional, but to make it worthwhile with the short lifespan of a pro-gamer, you'd really need to reach the top.
 
malachi said:
It happens, no body has a crystal ball but it would be nice!

Being single and living own my house, I have been preparing for the worse and making over payments on my mortgage since I had it just over 6 years ago. Changed my mortgage deal over last week, reduced my mortgage payments by £100 a month but I am still keeping my over payments. So if something crazy did happen and the interest rates hit 4% (not 17%) over the next few years I be still be overpaying by a certain amount because lets be honest, there is only one way interests are going now and I want to be prepared.
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Very sensible thing to do.

Knocking more off as quick as you can reduces the compound interest. So £100 off now could equate to £1000 off by term.
 
Ryan-3 said:
I was just referring to the youth as a generalisation, rather than those who go into professional gaming or online streaming. But as there are so many trying to become professional gamers and streamers, the whole sector is incredibly competitive - IMO hugely over-saturated - and very few will become popular enough to make a good living from it.

When I was about 15/16, I probably could have went down the route to try and become professional, but to make it worthwhile with the short lifespan of a pro-gamer, you'd really need to reach the top.
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Well those who weren’t pro or making money from streams and tournaments, yet, how else did they start? Everyone has to start small somewhere in any walk of life.

Though I remember a time there was no such thing as e-sports and pro gaming.

Then some went into gaming commentary.
 
Rotty said:
yep, almost certainly to 0.5%
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That’s double current rates :eek:

A lot of people won’t be in trouble if rates rise to 2%. Something like 33% of homes are owned outright, 33% rented and 33% mortgaged. So some people would be in trouble, especially if they bought in the last few years.

I look forward to @LabR@t’s scientific study about how all young people ‘want it all’.
 
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