Our generation ('80s+ babies and onwards)

A lot of people aren't as well off as they appear. Their poverty spec Mercedes,Audi, BMW etc is leased, they barely afford the mortgage payments on their 4/5 bed detached and they have thousands of pounds of credit card debt.
 
MikeTheNative said:
A lot of people aren't as well off as they appear. Their poverty spec Mercedes,Audi, BMW etc is leased, they barely afford the mortgage payments on their 4/5 bed detached and they have thousands of pounds of credit card debt.
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the funny thing here is... i dont have that much sympathy for those types....

there is a certain minimum we need to spend on houses, and that really is a post code lottery, but i know so many people who stretch to the absolute max to get a bigger house when they really do not need one and have flashy motors which like you say are on lease as well as holidays abroad...... when they could just as easily have a 5-10 year old low mileage car owned outright for 1- 5k that is just as reliable, and a sensibly sized home, then leaving enough for a rainy day.

there is definitely some people who i properly feel for, and then there are others who seem to go in life from 1 disaster to another, and anyone with half a brain can see problems coming from a mile off!. (and why is it the poorest of the poor often have multiple cats and dogs? I am sure some people i know spend more on animal wellfare than i spent per week on myself when i was skint and struggling to keep my house after my divorce.

PS despite what my sig says (need to update) I have a 2013 nissan QQ and my better half a 2011 (I think) Pug 308. the flash cars went when the child arrived!. - but even then they were flash cars on a budget.... sold my fiat coupe for 4k and my 350z for either 6 or 7k so hardly rockerfella even then.
 
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bigmike20vt said:
the funny thing here is... i dont have that much sympathy for those types....

there is a certain minimum we need to spend on houses, and that really is a post code lottery, but i know so many people who stretch to the absolute max to get a bigger house when they really do not need one and have flashy motors which like you say are on lease as well as holidays abroad...... when they could just as easily have a 5 year old low mileage car owned outright for 5k that is just as reliable, and a sensibly sized home, then leaving enough for a rainy day.

there is definitely some people who i properly feel for, and then there are others who seem to go in life from 1 disaster to another, and anyone with half a brain can see problems coming from a mile off!. (and why is it the poorest of the poor often have multiple cats and dogs? I am sure some people i know spend more on animal wellfare than i spent per week on myself when i was skint and struggling to keep my house after my divorce.
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I don't feel sorry for them either. Those sort of people just like to spend money to show off basically.
 
Mason- said:
Literally every office everywhere 40 years ago was full of sexist males. In fact all men are sexist and always have been. Trust me, I know I've seen the wolf of wall street. :mad::mad::mad:
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You think it was only the males that were sexist!

I remember tales from the (All female) factory floor of the Allbright and Wilsons factory in the 1950's that would make your typical millennials ears bleed!

(At least the Sexist Office Males in the past didn't restrain and actually strip the young women in their offices! Any young Man entering the shop floor of said environment would be lucky to escape in his underwear. "Debagging" was routine practice! Younglings and millenials have no idea! No idea at all! :eek: :D )
 
Attitudes have certainly changed, and it is mostly for the better - esp for women who got a bum deal over all........

but i do think things have gone to far in many aspects. I work with some people , one of them i have worked with her since 2003 but even the shortest people in my team is since 2008 and they are generally my friends not my colleagues.

and yet we have proper had to tone down how we work together, not because of us, but because other people, who had nothing what so ever do do with it, but who may have seen us through the office window complained.... this is utter utter nonsence. If i say something to you and offend you either confront me about it or complain if you must..... but complaining on how I talk to someone else on their behalf? sod that!.

(and i am not talking ****** and jeffing or anything, just harmless banter between friends.)
 
MikeTheNative said:
I don't feel sorry for them either. Those sort of people just like to spend money to show off basically.
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You better, because your part of the same economy as them, your prosperity depends on them.

So if they’re being shafted by the creditors, and it tumbles because of it, everyone suffers - except the creditors.
 
MikeTheNative said:
I don't feel sorry for them either. Those sort of people just like to spend money to show off basically.
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The quote "Too many people are buying things they can't afford, with money that they don't have... to impress people that they don't like"

Driving around a lease car on their parents insurance when their yearly incoming is no where near the UK average.
 
Orionaut said:
You think it was only the males that were sexist!

I remember tales from the (All female) factory floor of the Allbright and Wilsons factory in the 1950's that would make your typical millennials ears bleed!

(At least the Sexist Office Males in the past didn't restrain and actually strip the young women in their offices! Any young Man entering the shop floor of said environment would be lucky to escape in his underwear. "Debagging" was routine practice! Younglings and millenials have no idea! No idea at all! :eek: :D )
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I was one of 3 males on a 25 women night shift at a major supermarket when I was a student. I was lucky to get home without claw marks some nights.
 
15 years ago my mortgage was over 50% of my monthly income, that same amount now is trivial after annual raises and promotions. The trouble is youngsters want it all now, i moved into my house with a matress and a pair of 1210''s.
 
LabR@t said:
15 years ago my mortgage was over 50% of my monthly income, that same amount now is trivial after annual raises and promotions. The trouble is youngsters want it all now, i moved into my house with a matress and a pair of 1210''s.
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House prices have gone up a lot. Starting salaries have remained fairly static.

The average house was 144k in 2004, it's 225k now. Could you have afforded spending 75% of your monthly income on a mortgage? Would any post financial crash lender allow you to?
 
ricid said:
House prices have gone up a lot. Starting salaries have remained fairly static.

The average house was 144k in 2004, it's 225k now. Could you have afforded spending 75% of your monthly income on a mortgage? Would any post financial crash lender allow you to?
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Can you live without a phone, tv package, eat beans and toast, stay in every week, walk to work and never have holidays?
 
LabR@t said:
Can you live without a phone, tv package, eat beans and toast, stay in every week, walk to work and never have holidays?
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I have done yes, though I was more a fan of soup. Thankfully don't need to any more. I probably don't count as the younger generation though, it's been a long long while since anyone asked me for ID. Don't get me wrong, I'm not 100% on board with Millennials - Pokémon for goodness sake - but I genuinely feel for them with the state of the housing market these days. A housing crash would be bad news for me personally, but it probably needs to happen if we want home ownership to be something a majority can achieve.
 
ricid said:
House prices have gone up a lot. Starting salaries have remained fairly static.

The average house was 144k in 2004, it's 225k now. Could you have afforded spending 75% of your monthly income on a mortgage? Would any post financial crash lender allow you to?
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Don't forget Interest rates were 5% in 2014 but are now
 
Born in July 1967, Birmingham in my family house to a working class mum and dad, no silver spoon. First job aged 17 and worked ever since. Offices full of smoke is one thing I don’t miss but I don’t recall it being that sexist in the 80’s, it wasn’t the 70’s after all. We also were a lot tougher when it came to what wound our gears and a slap was often the answer to discussions. On several occasions I got into fisticuffs in the 80’s and the rights of passage stuff would get you arrested today, really, arrested!!

It was far from easy. We had few of the toys you take for granted. House buying was hard and getting job was not easy. There is far FAR more opportunity today, there were 3+ million unemployed when I worked in the 80’s. Thatcher changed the country for the better in my book as I made a career off opportunity but I appreciate others lost out.

Realty is you have people that do, the few, and people that tell you why the people who do were just lucky. Ever was it and ever will it be thus. Big topic and not someone that can be fully covered in a few lines but fundamentally same as it ever was....same as it ever was to quote Talking Heads
 
edscdk said:
Don't forget Interest rates were 5% in 2014 but are now
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Yeah but wage growth was a couple of percent ahead of inflation throughout the 90s and 00s. It's been behind or static relative to inflation for most of the previous decade while house prices have gone up way ahead of either.
 
Job hunting in 1997: didn't have to apply for anywhere as I got head-hunted
Job hunting in 2002: moderate/difficult, 100+ applications sent out, but eventually ended up at a place where I was formerly a customer of
Job hunting in 2010: almost impossible, 250+ applications sent out, very elitist, ended up having to go on an apprenticeship on minimum wage
Job hunting in 2019: god help me!

Reference uni degrees, it got over-sold by the 1997 Labour party. When my dad got his B(Eng.) degree, he was 1 in 20, very much sought after and had a career that was relevant to the degree. When I got my B(Eng.) degree in the early 2000s, I was 1 in 2, common as muck and ended up in jobs at minimum wage or just above the living wage. Also, a job isn't a career any more. It's just a job for most people.
 
Housey said:
It was far from easy. We had few of the toys you take for granted. House buying was hard and getting job was not easy. There is far FAR more opportunity today, there were 3+ million unemployed when I worked in the 80’s.
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This is a fair point. I whine about energy prices, my dad grew up without central heating.

I guess part of the issue is that for most of the period after WWII until now, basically all measures of quality of life have been steadily trending upward. In the last decade some have started to stall.That hits the young hardest, and is real, but they've still benefited from all the advances that took place before they were born.

Agree to disagree on Thatcher :)
 
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