Boomerang Generation

my mum and dads old house cost them £15,000 in 1982, they sold it in 2015 for £160,000

but by the BoE inflation calculator it says that £15,000 is roughly equal to £47,752 now

so where did this extra £112,000 extra on top of inflation come from to by a house? lol, how was it just as hard back then?
 
Flubble said:
my mum and dads old house cost them £15,000 in 1982, they sold it in 2015 for £160,000

but by the BoE inflation calculator it says that £15,000 is roughly equal to £47,752 now

so where did this extra £112,000 extra on top of inflation come from to by a house? lol, how was it just as hard back then?
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Well there are more people per year than houses build per year.

Just because something costs more in money does not mean it is harder to get.

Also. You need to factor in the wages as well the average wage rise may have offset that somewhat depending on the area.
 
Rroff said:
I think that bit in bold masks a bit of a problem though - there has been a lot of wage suppression in that area a bit above minimum wage but before you break into management salaries, which is where a lot of people work, which has dramatically changed affordability.

For instance around 2001 or so I was looking at a range of basic IT support roles i.e. in schools, etc. and they paid around £15-18K and back then the terraced housing on the other side of the road I lived on, which would have been appropriate for someone on that kind of income, would sell for approx. £60K, these days that kind of role still pays around £15-22K but those houses are selling at around £170K.
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But there is a lot more choice in hiring nowadays. Hiring for people at my level is a fraction of what I'm on. Hiring below me is the same again. Some of the older fogies are on multiple times what the juniors (ironically who work ridiculously harder) are on.

But we have access to and openly advertise the roles across the EU and we get substantial amounts of applications. Why would we offer more if we do not have to?
 
I have no interest in paying the mortgage on someone else's property. I get on really well with my mother and live at home. I've taken over a lot of the garden, and pay a contribution to bills.

I save all the money I earn (not a fortune) and don't buy expensive stuff or go on holiday (last holiday was ... 2006?).

I could move out and get a mortgage. However mum has said she'd have to sell this place because she couldn't keep it going on her own.

That's a lot of unnecessary upheaval just to fit societal norms.

One thing about me - I don't give a toss for your societal norms. Who are you but a bunch of deeply flawed imperfect human beings. Why should I care what a collection of imperfect beings, victims of fashions and fad, regional beliefs and customs, nonsense traditions... what great virtue can any collection of humans claim to have; what great wisdom to judge me.

I judge others but my judgement is imperfect and lacking wisdom. I try to accept that my judgement is a flaw of my character. I have no right to judge anyone. When I judge I reveal my own insecurity and my own fault in the making of the judgement. None of us have authority to judge, being merely human.

Don't take anyone for a ride; don't exploit anyone. Beyond that - **** societal norms.
 
FoxEye said:
I have no interest in paying the mortgage on someone else's property. I get on really well with my mother and live at home. I've taken over a lot of the garden, and pay a contribution to bills.

I save all the money I earn (not a fortune) and don't buy expensive stuff or go on holiday (last holiday was ... 2006?).

I could move out and get a mortgage. However mum has said she'd have to sell this place because she couldn't keep it going on her own.

That's a lot of unnecessary upheaval just to fit societal norms.

One thing about me - I don't give a toss for your societal norms. Who are you but a bunch of deeply flawed imperfect human beings. Why should I care what a collection of imperfect beings, victims of fashions and fad, regional beliefs and customs, nonsense traditions... what great virtue can any collection of humans claim to have; what great wisdom to judge me.

I judge others but my judgement is imperfect and lacking wisdom. I try to accept that my judgement is a flaw of my character. I have no right to judge anyone. When I judge I reveal my own insecurity and my own fault in the making of the judgement. None of us have authority to judge, being merely human.

Don't take anyone for a ride; don't exploit anyone. Beyond that - **** societal norms.
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Nothing wrong with living at home. Did so when I was younger. Parents were great company and set me up. Family is extremely important, a fact overlooked by our current society.
 
Status is everything in 2019, merely owning a home isn’t enough. You need to get yourself tied in to a 45 year mortgage just so your new build is slightly better than your friends new build, when in reality they’re both put together like Lego.
 
James_Duncan_Smith said:
But there is a lot more choice in hiring nowadays. Hiring for people at my level is a fraction of what I'm on. Hiring below me is the same again. Some of the older fogies are on multiple times what the juniors (ironically who work ridiculously harder) are on.
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the pay should not based on how hard you work, its how much value you add to the company. That is why a CEO might earn 50x more than someone at the bottom, pretty sure they arent doing 50x more hours or work.
 
FoxEye said:
I have no interest in paying the mortgage on someone else's property. I get on really well with my mother and live at home. I've taken over a lot of the garden, and pay a contribution to bills.

I save all the money I earn (not a fortune) and don't buy expensive stuff or go on holiday (last holiday was ... 2006?).

I could move out and get a mortgage. However mum has said she'd have to sell this place because she couldn't keep it going on her own.

That's a lot of unnecessary upheaval just to fit societal norms.

One thing about me - I don't give a toss for your societal norms. Who are you but a bunch of deeply flawed imperfect human beings. Why should I care what a collection of imperfect beings, victims of fashions and fad, regional beliefs and customs, nonsense traditions... what great virtue can any collection of humans claim to have; what great wisdom to judge me.

I judge others but my judgement is imperfect and lacking wisdom. I try to accept that my judgement is a flaw of my character. I have no right to judge anyone. When I judge I reveal my own insecurity and my own fault in the making of the judgement. None of us have authority to judge, being merely human.

Don't take anyone for a ride; don't exploit anyone. Beyond that - **** societal norms.
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There’s nothing wrong with living at home still, especially given the situation you describe as you’re helping your Mum keep her home.

You just seem rather angry / frustrated about it.
 
FoxEye said:
I have no interest in paying the mortgage on someone else's property. I get on really well with my mother and live at home. I've taken over a lot of the garden, and pay a contribution to bills.

I save all the money I earn (not a fortune) and don't buy expensive stuff or go on holiday (last holiday was ... 2006?).

I could move out and get a mortgage. However mum has said she'd have to sell this place because she couldn't keep it going on her own.

That's a lot of unnecessary upheaval just to fit societal norms.

One thing about me - I don't give a toss for your societal norms. Who are you but a bunch of deeply flawed imperfect human beings. Why should I care what a collection of imperfect beings, victims of fashions and fad, regional beliefs and customs, nonsense traditions... what great virtue can any collection of humans claim to have; what great wisdom to judge me.

I judge others but my judgement is imperfect and lacking wisdom. I try to accept that my judgement is a flaw of my character. I have no right to judge anyone. When I judge I reveal my own insecurity and my own fault in the making of the judgement. None of us have authority to judge, being merely human.

Don't take anyone for a ride; don't exploit anyone. Beyond that - **** societal norms.
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Good for you. You are doing what suits you and your mum. Don’t let society make you feel ashamed because it’s completely ****** itself. By not paying a landlord means you’re winning.
 
Jumper118 said:
the pay should not based on how hard you work, its how much value you add to the company. That is why a CEO might earn 50x more than someone at the bottom, pretty sure they arent doing 50x more hours or work.
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This I fear has been lost along the way. Younger people are happy to do more for less. Lots of young people are bloody useless and feed into the perception of millinials etc

However there is a cohort of extremely technically able and seriously motivated people who (prob extra wary post crash) add tremendous value. Their wages do not reflect it. But they are happy to take it.

And they don't even booze it up at lunch!!
 
The_Abyss said:
There’s nothing wrong with living at home still, especially given the situation you describe as you’re helping your Mum keep her home.

You just seem rather angry / frustrated about it.
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No, but I do face a lot of criticism esp from select posters here.

It makes me defensive, not necessarily as you describe, angry or frustrated.
 
@FoxEye I know I’ve had a dig at you before about it, but it seems you’re genuinely doing it for good reasons, so apologies about that.

So many people completely abandon a lone parent, and whilst you do have to try and live your own life I don’t think people take into account how horrible it must be for someone living alone in old age, especially if they don’t go out much or have a great deal of friends/family to come round.
 
James_Duncan_Smith said:
This I fear has been lost along the way. Younger people are happy to do more for less. Lots of young people are bloody useless and feed into the perception of millinials etc

However there is a cohort of extremely technically able and seriously motivated people who (prob extra wary post crash) add tremendous value. Their wages do not reflect it. But they are happy to take it.

And they don't even booze it up at lunch!!
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if you dont think your wages reflect the value you add, you move job or ask for a pay rise..........
 
I still live at home for health reasons and I’m 38. But I’m happy here. I have my mum, her partner, my brother and his partner and we all get on happily like one big family, Sunday roast dinners round the table, helping each other out, beer at weekends, Barbies in the summer in the garden, I don’t want to go and move into a flat away from them and spend my evenings alone with no one to talk to. I think I’d end up pretty depressed tbh.
 
I think there is a difference between leaching off parents and actually staying for reason.

Me personally I enjoy my private space. It's nice coming home to my pets, wife and children. It is also nice when my mother comes to visit but her living with us 24/7 would just drive me mad.
 
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