And boomers wonder why millennials are bitter towards them..
- Thread starter Scam
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lol I knew this thread would 'inspire' some excellent replies 
Don't take life so seriously chaps, if you think I'm sitting around butt-hurt by my rich neighbours 24/7 then you're entirely wrong. I've saved very well even during the beginnings of my career on minimum wage in a terrible house share, and to be honest buying something around here with my partner is not completely out of the realms of possibility. We do absolutely fine, live within our means (cook from scratch all the time, careful with heating/water/bills etc. all the usual) and save a lot every month whilst still enjoying ourselves on the aforementioned holidays…(thanks for that whoever it was). Doesn't stop me pointing out the absurdity of this country's housing market though. Sorry to ruin the narrative some people were trying to build about me 
Don't take life so seriously chaps, if you think I'm sitting around butt-hurt by my rich neighbours 24/7 then you're entirely wrong. I've saved very well even during the beginnings of my career on minimum wage in a terrible house share, and to be honest buying something around here with my partner is not completely out of the realms of possibility. We do absolutely fine, live within our means (cook from scratch all the time, careful with heating/water/bills etc. all the usual) and save a lot every month whilst still enjoying ourselves on the aforementioned holidays…(thanks for that whoever it was). Doesn't stop me pointing out the absurdity of this country's housing market though. Sorry to ruin the narrative some people were trying to build about me Not nothing, but a deposit that took a year to save rather than 20. That's the difference. And all the other examples of people buying houses back in the day when on a call centre admin job. It's the affordability ratio people need to pay attention to.
Except when you live with a partner that needs to commute as well you're looking at what £3-5k/year each. You may as well pay that in rent, which is what we're doing. They're both dead money.
Exactly. a lot of people seem to forget that safe housing is a human right…
No, because my actions wouldn't directly negatively the next generation. All the boomers who are entitled BTLers are having a direct negative affect on the next generation though.
lol you thinkBoomers are aged 56 to 74, I think there must be at least some people in here getting offended for no reason.
Except boomers weren't born during either world war, and most were probably too young to know what was going on during the Cuban missile crisis. Try again.
That 800k mortgage will not be accepted as security though. So unless you already have fully paid off it's unlikely you'll be able to go down that route. However I accept your point.
Eh? What do you mean by that 800k mortgage will not be accepted as security? That makes no sense?
None of this has anything to do with whether or not your mortgage is paid off - we're talking about two scenarios.
Just to be clear here:
Someone has say 200k in the bank, they're in a good job, have good credit etc.. they want to buy a house for 800k i.e. they want a bank to lend them 3 times the amount of their deposit... this is entirely possible (given checks on their income etc..).
I'm simply highlighting that they could just as easily do the same with say some NASDAQ stocks, in fact it would be easier in most cases - open an account at a US broker, deposit 200k, buy 800k in shares... financed by the broker.
Couldn't agree more on the work ethic. I have given up trying to recruit youngsters.
What i do now is recruit from production if they can hack and pick up how to create a 2D drawing for 6months etc then i send them off for day release to UNI for 3 years with a 10% paycut then at the end they get a nice bung and i have bod that is trustworthy and moulded in my own el prezidenti image. Some leave after a couple of years after the degree for better things and i am cool with as i still got 4-5 years good work out of them and got new blood in the industry.
The biggest issue i have still is people do not know how to take a rollicking. Without going all upset and butthurt.
The first day i will say to them you will make mistakes and that is fine, its part of what we do but you will get rollocking for it, so take ownership of your mistake and do you very best to fix it.
What i do now is recruit from production if they can hack and pick up how to create a 2D drawing for 6months etc then i send them off for day release to UNI for 3 years with a 10% paycut then at the end they get a nice bung and i have bod that is trustworthy and moulded in my own el prezidenti image. Some leave after a couple of years after the degree for better things and i am cool with as i still got 4-5 years good work out of them and got new blood in the industry.
The biggest issue i have still is people do not know how to take a rollicking. Without going all upset and butthurt.
The first day i will say to them you will make mistakes and that is fine, its part of what we do but you will get rollocking for it, so take ownership of your mistake and do you very best to fix it.
You don't have to own a house, the op is jealous of people who had no choice when it comes to inflation, millenials may hate boomers but it seems for no other reason than jealousy, try 40 years of hard work(not media studies or journalism) & you might be able to own your own home if that's what you want.
Soldato
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What the house sold for last time has no relevance on the value today.
Sounds like the OP is bitter whilst spending all his money on car leases, phone contracts and holidays.
Sounds like the OP is bitter whilst spending all his money on car leases, phone contracts and holidays
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Soldato
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Love this
. I am a Millennial and I think on average they're lazy.Well Scam I hope you have as good a house purchase as we did in 70's - Rented a furnished flat then a unfurnished flat then wife and myself decided to buy a house - We could only afford £4.5k found a house and went to look - Woman opened the door and said we have been offered £6.5k can you match it - no chance we were gazumped -- Where did gazumping come from - Bloody London.
We managed to buy a house after staying in for 12 months and save £1k (I was on £19 a week and wife on less) - £8.5k then we were hit by 12% mortgage rate - so I hope you do as well -
My next house we put everything down we had for the smallest mortgage and moved in with £30.
That is how it's been all along - sell high and your new house is high - no better off but live in a better place - So before you gob off and blame the old just look outside of London and you will see a totally different view - We struggled because of London -
We managed to buy a house after staying in for 12 months and save £1k (I was on £19 a week and wife on less) - £8.5k then we were hit by 12% mortgage rate - so I hope you do as well -
My next house we put everything down we had for the smallest mortgage and moved in with £30.
That is how it's been all along - sell high and your new house is high - no better off but live in a better place - So before you gob off and blame the old just look outside of London and you will see a totally different view - We struggled because of London -
Except back when boomers were buying their first homes the average age of an FTB was what 27? It's now more like 38. So your average boomer didn't save for 40 years.
Except I don't have a car or a phone contract. Try again.Sounds like the OP is bitter whilst spending all his money on car leases, phone contracts and holidays
I don't know what your definition of a rollocking is but for some employers / managers that comes down to verbal abuse / harassment.
Employment is merely a trade where the employee gives their labour / time in return for payment. It doesn't give the employer any right to bully, shout, threaten or harass an employee or any of that other "old school" nonsense. If they get something wrong, correct them. If they continue to get it wrong then give them a warning or hire someone else.
I'm not some some butthurt wet blanket either, I just can't stand bullying in any form and have had a few discussions with managers who abuse their power.
Or is precisely one of the people the point is being made about
You must surely be what people here are calling 'boomer' age if you joined the forums in 2002?
Soldato
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I'd rather get a rollicking than lose my job because my manager didn't have the balls to face up to an awkward conversation.
Like I say I don't know what his is definition of a rollocking is.
I remember working for one guy who was so stressed that he would just stomp around the place in a temper all day. Anyone who got a tiny thing wrong or even asked for something to be clarified as the job specs were so poor would end up getting a bollocking. I genuinely thought the guy was going to collapse with a heart attack, sometimes he would get so worked up that he would just go sit in the toilet to calm down
Thing is he genuinely believed that this atmosphere of fear helped his business when really all the staff just thought he was dick. Each rollocking ended up in them putting even less effort in and as soon as he left the room they'd all take the ****.
My points in the post before are aimed at those sort of managers / employers.
I remember working for one guy who was so stressed that he would just stomp around the place in a temper all day. Anyone who got a tiny thing wrong or even asked for something to be clarified as the job specs were so poor would end up getting a bollocking. I genuinely thought the guy was going to collapse with a heart attack, sometimes he would get so worked up that he would just go sit in the toilet to calm down
Thing is he genuinely believed that this atmosphere of fear helped his business when really all the staff just thought he was dick. Each rollocking ended up in them putting even less effort in and as soon as he left the room they'd all take the ****.
My points in the post before are aimed at those sort of managers / employers.
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Soldato
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Stop living somewhere you clearly cannot afford.
You have to start by living somewhere less desirable and work your way up.
I have some shares that are now worth 20% of what I paid for them, but it comes under the rule of 'tough'.
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Must do, maybe i should bring flowers and cake and tell them its ok you have cost us a million quid in man hours to fix it and the customer is cool with the month delay they can move the big reveal for their EV car that has been in the wings for the past 10 years.....don't worry about it all is good. Please do not do it again but its ok really if you do.......otherwise its a written warning for you, you little rascal now have a virtual hug as we cant do it normally due to COVID...
/face palm indeed.
Turning up to a viewing to find that there is an existing offer for more than you can afford isn't gazumping.
Gazumping is when you've already had an offer accepted and the vendor later renegs and goes with a new (higher) offer - it's something that happens in England and Wales, but typically not in Scotland where accepted offers tend to involve written agreements.