And boomers wonder why millennials are bitter towards them..

Lopéz said:
Nothing fell from the sky for me either.

I got assigned to the project because I was the best person for the job and displayed the right attitude. Out of the 30 of us picked to run the project (all from different countries)
I was the only one who chose to take an interest in it as a specialism and use my time on the project to become the subject matter expert.
I was the only one who did the suggested extra curricular learning.
I was the only one who looked for a mentor from our project implementation partner to increase my knowledge and seek career advice.

I made myself the go-to guy and in-house expert, and when I felt I knew enough I marketed myself in that field and secured a well paid position.

Everyone else just did their job, did what they "had" to do, and implemented the project. I did more.

I'm not fortunate, I put myself in the right position through my own efforts, and capitalised on that when the time was right with more of the same.

You make your own "luck".
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You proved my point. I said these opportunities weren't available to everyone, and you just explained how difficult it was for you.
 
413x said:
But there was only one position for 30 people. One person was always going to get it. Opportunities don't often come up like that.

I do agree (myself included) don't put enough effort into careers, or spend to much on the next thing. For me I've just never cared enough about ant job I've had to date.

I'm not saying many people are. Moaning about stuff they could have changed if they didn't have that car on finance etc..

But it still doesn't change that the previous generation had it easy.
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There were thirty internal positions for the duration of a software project, I got one of those positions and used the time and experience to get a job directly in that software industry instead of being a customer.
 
FoxEye said:
The trend for rental is increasing and increasing. That alone tells a story, doesn't it.

As does the increasing average age of people living with parents.

Also the fact that a large share of the lower end is owned by BTL.

Some people are absolutely making bank from the present situation - this is undeniable.

The problem isn't purely of "low earners can't afford x". It's also "higher earners see low earners as a way to bolster their own revenue, thus making the situation worse for the low earners and cementing the high earner position at the top".

And the advice from the high earners to the low earners? "If you can't beat me, join me. Just earn more and start exploiting those below you. It's easy!"
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The increase in rental is a ticking time bomb.

I look at my parents who will likely have to fund any care with assets. That's fine. They have a lot.

Id have less than them in all regards.
I could hopefully do it by that time. But not to the level. My parents can.

If more and more never own a home someone is going to have to pick up a bigger bill for more people.

No state pension, no assets.. This is a growing problem. At some point the money will run out and people will be left to die I suppose
 
Lopéz said:
There were thirty internal positions for the duration of a software project, I got one of those positions and used the time and experience to get a job directly in that software industry instead of being a customer.
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I'm not saying opportunity isn't there. But not everyone can have that. And again, people make bad decisions. But still. Our parents didn't have to even bother with that.
 
413x said:
The increase in rental is a ticking time bomb.

I look at my parents who will likely have to fund any care with assets. That's fine. They have a lot.

Id have less than them in all regards.
I could hopefully do it by that time. But not to the level. My parents can.

If more and more never own a home someone is going to have to pick up a bigger bill for more people.
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"Someone" being those people who have already sacrificed a lot during their life so they could afford a house you mean?

Really it makes sense NOT to buy a house... spend all your money while you're young, live the high life and enjoy it. The state will pick up the bill anyway.
 
Lopéz said:
So what's stopping anyone else from doing something similar?

Nothing.
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There are not infinite spots available for everyone. If everyone worked twice as hard, there wouldn't be enough slots for them to progress further. Economy of winners and losers.
 
HACO said:
There are not infinite spots available for everyone. If everyone worked twice as hard, there wouldn't be enough slots for them to progress further. Economy of winners and losers.
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And?

Be a winner, there are plenty of people who are more than happy to be losers.
 
Haggisman said:
"Someone" being those people who have already sacrificed a lot during their life so they could afford a house you mean?

Really it makes sense NOT to buy a house... spend all your money while you're young, live the high life and enjoy it. The state will pick up the bill anyway.
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Will there be anyone to pick up the bill? Younger generations are going to be taxed more and have less.

A house correction must happen. (adjusted for inflation)

I guess it depends on what side of the line you are on. If you can't get across the growing - shrinking wealth divide, yeah, just burn all the cash doesn't really matter... Unless the state decides it can't help you
 
Lopéz said:
And?

Be a winner, there are plenty of people who are more than happy to be losers.
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Some people can't. If you're not tech savy, you're never going to outcompete someone who is.

Again, am individual can obviously put effort in and excel. But it's impossible for everyone to.
 
413x said:
Some people can't. If you're not tech savy, you're never going to outcompete someone who is.

Again, am individual can obviously put effort in and excel. But it's impossible for everyone to.
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But there is literally no solution to this. It is utterly impossible for everyone to be equal, and it's a fool's errand to even contemplate trying.

You remove the incentive for someone to excel and no one will bother. If you can do literally nothing and have an equal outcome to someone who has put in their maximum effort... why would you put in the maximum (or in fact any) effort? That doesn't sound like a good future for the human race.
 
413x said:
Not everyone can get a great job. As said by a previous poster. An individual can absolutely excel. But not everyone can.
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Not everyone chooses to excel, it's not down to a lack of ability, people just don't want to do things that are hard.
 
I had this discussion with a friend's dad who was proud to put across he worked 3 jobs in his youth to fund his house deposit.

What he didnt appreciate though was how difficult it is for young people nowadays to get 1 job, let alone 3! I showed him all the applications we had received for a junior data entry position and he was in shock.

The bottom rung of society is completely priced out of owning their own house. This includes nurses, delivery drivers, supermarket workers etc. You know, people that were called keyworkers not so long ago.

I'm a millennial and I'm the first to admit that people my age squander their money far too easily. But there's no denying that there are major housing issues at the moment around affordability (and quality)..
 
Haggisman said:
Except the previous FTB won't be able to afford those 3/4 bedroom houses. Because their £200k 2 bedroom house is now an £80k 2 bedroom house because a load of brand new £100k 2 bedroom houses have just been built across the road and they still owe £120k on the mortgage.

So you end up with a load of empty bigger houses that no one can afford (except BTL landlords who'll snap them up and rent them out by the room), a load of families who want/need a bigger house but can't afford it and are now stressed and worried because they are £40k in negative equity, a few more affordable houses, but no real increase in housing stock because the houses which would have been available to new FTB are occupied by aforementioned stressed and worried families who can't afford to move out of them. Sounds ideal :D
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Ok so you don't know what affordable housing actually is, I think that might be the problem here.
 
Haggisman said:
That's almost as much of an inaccurate sweeping generalisation as those saying that all millennials are lazy & entitled. Please, by all means, go ahead and tell me how I'm "exploiting those below me" by sacrificing my free time and money to gain new skills and qualifications, so I can make a better life for myself and my family?
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The context for that statement was those high earners that decide to become BTL landlords and target the low-end properties.

Are you one of those? If not then nae worries.
 
Haggisman said:
But there is literally no solution to this. It is utterly impossible for everyone to be equal, and it's a fool's errand to even contemplate trying.

You remove the incentive for someone to excel and no one will bother. If you can do literally nothing and have an equal outcome to someone who has put in their maximum effort... why would you put in the maximum (or in fact any) effort? That doesn't sound like a good future for the human race.
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No one is saying equal outcome. But somewhere to live should be a baseline.
 
Lopéz said:
So what's stopping anyone else from doing something similar?

Nothing.
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Of course 29/30 people did not get that job.

You're telling us that you were the only person to do x,y,z to make any effort to get that job, and maybe that's correct.

But at the end of the day there was only the 1 job for the 30 people applying.

You can't tell everyone to "go get that promotion".

Therefore you shouldn't tie owning a home to something that 1/30 people can realistically achieve.

The market could address all types of buyers, or the govt could re-instate council housing. Or regulate the private rental market.

It does nothing. Nothing at all. Successive governments either don't care or don't want to take the necessary steps.

With the current Tory govt and its massive majority, we're more likely to see Victorian era work houses than a properly regulated private rental market.

So I really am wasting my breath (virtually) here.
 
Woden said:
No one is saying equal outcome. But somewhere to live should be a baseline.
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Exactly. None of us are saying that a 5-bed mansion should fall into the lap of those on min wage, despite that repeated attempt to characterise this discussion on those terms.
 
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