Soldato
- Joined
- 6 Jan 2013
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- 22,389
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- Rollergirl
Some people could do well to pick up a pair of big boy pants the next time they're raking through bargain bins in Primark.
And boomers wonder why millennials are bitter towards them..
- Thread starter Scam
- Start date
Oh I agree, but look at some of the posts that seem to suggest only boomers could have got on the property ladder. After scrimping and I bought my first house in 2007, 5 years after Scam joined the forum. My point is he's obviously of age to have done the same (or at least was).
But if you do want to talk about 'actual' boomers - my dad had three jobs in the 80s to get our family a house. Postman in the morning (when postman used to leave in the morning when it was still dark and would deliver before 9am), mechanic in the day, then worked in a pub in the evening. He certainly worked a lot harder than people have to now - in fact you don't even need to work to have a small terraced house these days, just squeeze out a few kids and leave everyone who contributes to society to pay.
Why does an adult (presumably your managers are adults..) need to shout and scream for "5-15 minutes" to get their point across?
That sounds like somebody who has anger management issues, or small man syndrome
Any manager that feels the need to shout for 5-15 minutes has no idea how to do is job.
Soldato
- Joined
- 21 Apr 2007
- Posts
- 6,637
100%.
Caporegime
- Joined
- 21 Jun 2006
- Posts
- 38,367
Strong maths.
You managed to save £1k in a year and you earned £19 a week and your wife less.
So let's say she earned £16 a week. £35 X 52 = £1820. You managed to survive a full year on £800 or less?
You clearly don't have a clue what you are talking about in terms of affordability these days. If a house is increasing in price by £90k per year. And the average wage is £25k something is wrong.
It's foreign investment with no plan to live or work here that is the issue. Nothing to do with private landlords who work here and pay tax here. Nothing to do with the current generation who cannot afford to buy.
The older generation had it very easy when it came to housing compared to today. Sure it may not have seemed easy to you at the time. But I've literally seen it personally where a house went up in value 12 times it's original value over 30 years.
Even the house I bought tripled in value in 15 years before I bought it. Since then in 10 years it's gained 1/6th of its value.
So no house prices won't just keep on going up at the same rate. We are pretty much within the next few years going to hit breaking point where homes will eventually increase at a very slow rate as nobody will be willing to rent or buy them for any more than breaking point which means prices will stop going up and steady off.
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You assume its full on shouting for 15mins. You got to mix it up with some quality be-littling, Shouting is reserved for extra special occasions
I'm going to stick with assuming it's a terrible manager. I've made mistakes and never been shouted at, and never felt the need to shout at a driver.
Shouting at staff and belittling them won't fix the mistake, won't make them care about job. And it certainly won't garner any respect fun then or their colleagues.
Bought in 2001 in west yorkshire as it was cheaper than renting ,5 percent deposit and a nearly new 3 bed semi for 44k ,i was on little over 10k a year
paid that of in 9years and took a nice wedge to buy for cash down here .
Thing is though, the one i bought here not that long ago was up for peanuts but ignored as the the largest garden (70 meters maybe) was overgrown and an outbuilding had a door swollen shut ,so as my fellow house hunters were dumb asses i have another solid investment (more than doubled already),a lot of people wouldn't see an opportunity if it had bells and whistles on it
paid that of in 9years and took a nice wedge to buy for cash down here .
Thing is though, the one i bought here not that long ago was up for peanuts but ignored as the the largest garden (70 meters maybe) was overgrown and an outbuilding had a door swollen shut ,so as my fellow house hunters were dumb asses i have another solid investment (more than doubled already),a lot of people wouldn't see an opportunity if it had bells and whistles on it
Its nothing to do with appreciating things or saving money, the way the world functions has fundamentaly changed and the opportunities they had are simply not available now for most people.
Pretty much this, so you can all either adapt to this change or just keep on bleating on how hard done to you are. Being born in England you are already privileged beyond measure, a safe environment a wonderful education all on a plate for you to take and absorb like a sponge, when that plate is taken away its down to how lucky you are, your work ethic and what you are willing to sacrifice to buy all that useless stuff than you think will make you happier. You cant have it all at once unless your parents are loaded, you get lucky, you are very talented or your smart enough and violent enough to be a really good crook.
This is exactly why so many millennials hate boomers.
Willful ignorance of the issue. An issue caused, in many cases, before they were even born. Certainly before they had any way too make a difference.
Millennials, in general, cannot afford a place to call their own, are the poorest generation since WW2. You can hand pick examples of millennials doing well all you want, but the data doesn't lie.
Not everyone can be well off, that's how capitalism works. For some to have more, others have to have less. The problem is that gap is so very vast now the poorest people in one of the richest nation's in the world can't afford their own home.
How far do we let this bar drop? At what point do we, as a society, say "ok maybe this needs fixing".
House price growth in the stratosphere vs wage growth. At some point it will come crashing down, possibly when the generation who reaped the benefits start dying off and suddenly we find billions in estate values subject to inheritance tax and distressed selling en masse.
Think about it, a lot of people would never be able to get a mortgage on their property based on their earnings. The colossal deposits relied on are linked to valuations and not earning capacity or any deposit amount one could possibly save over a reasonable time frame based on their wage.
Think about it, a lot of people would never be able to get a mortgage on their property based on their earnings. The colossal deposits relied on are linked to valuations and not earning capacity or any deposit amount one could possibly save over a reasonable time frame based on their wage.
I agree partly.
Though people blowing thousands of pounds on new technology the minute it comes out, I'm sure not many people were doing that back in the day.
Society as become more selfish.
Care providers are going to take virtually all of the value of their houses.
Even if your kids still live at home, you might have to sell your house to pay for your care fees.
Unless your kids want to look after you themselves.
Typical care home fees are over £30k per year.
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Well said sir. I'm flabbergasted people are not-only 'ok' with bricks and mortar earning nearly triple the average salary consistently for 14 years, yet they're actively defending it as normal. Either there's a lot of closet landlords on here with fingers in the pie (likely), or the whole world has gone mad! A reminder that this thread was never about me, it's about that fact.
I think you're forgetting that buying nowadays involves a massive deposit. The average FTB deposit was £46,187 in 2019. The average renter spends around 30% on housing, so saving even a third of your salary is difficult.
It is. And I'm ok with it. This thread is not about me. But if you do want to know we've rented the same place for a number of years with no rent rises and hence aer paying below market rate. Which is helping. Moving to a worse area would not save us much at all, now. That's the renting cycle.
Exactly. Clearly the bar has fallen very low indeed considering most people here seem ok with houses earning way more than your average worker. Which (again) is what this thread is about.
To be fair, depending a bit on the area of London involved, buying in a cheaper area unless it is near work could end up costing you a large part of the money saved anyway in commuting costs and/or just not worth it for the stress if you end up sitting for an hour or more on top of your normal commute time in traffic, etc. frequently - which used to happen not uncommonly when I was passing through places like West Wickham regularly :s
Might work for some people buy by no means something that is a possibility for every one.