Discussion
272BHP said:
C70R said:
The rest of it is a load of waffle, akin to the "stop buying lattes and avocado on toast" nonsense that boomers come out with, which blithely ignores that it's now twice as hard to buy a house as it was in the 70s.
I don't think it is much different. Yes, houses were much cheaper but guess what? no-one got paid much money either. Edited by C70R on Monday 20th November 18:12
I remember being amazed that my Uncle got a new job that paid £100 a week in the late 70s - big numbers at the time.
It's very different, irrespective of your anecdote.
In fact, on average, it's twice as hard to buy a house now as it was in the 70s. The gap between income and house values has doubled since the boomers waltzed onto the property ladder.
valiant said:
Derek Smith said:
Stuff and then there’s this…
Stop making excuses, blaming others, and start saving.
C’mon Derek. There’s a bit of nonsense posted there.Stop making excuses, blaming others, and start saving.
Yep, you have to save and you will struggle at the beginning - that’s all part of starting out but, and it’s a huge but, housing was relatively affordable for someone buying in London in the nineties when I first bought.
My first house in Walthamstow was a 2 bed terrace for £57k. Our combined salary at the time was £20k (1994 prices). I did an average job for an average wage and I was able to get on the ladder. We still had to save like mad for the deposit but we are talking around £7.5k if I remember correctly.
The same house today costs around £550-600k. How have wages risen in comparison? What’s the deposit needed to secure a property at that price? How many avacados on toast or fancy phone contracts will you have to give up to get a deposit to buy that?
People who say just save more are totally disconnected with how house prices have gone completely mental especially in London.
Edited by valiant on Monday 20th November 20:52
They always want to tell us the war stories of how they took packed lunches to work, and how they didn't own a mobile phone, as if it's somehow comparable to the sacrifices their parents made.
A generation of people who truly don't understand how the modern world works.
Edited by C70R on Tuesday 21st November 08:08
C70R said:
... and it's always the boomers who come out with this "save more" nonsense.
They always want to tell us the war stories of how they took packed lunches to work, and how they didn't own a mobile phone, as if it's somehow comparable to the sacrifices their parents made.
A generation of people who truly don't understand how the modern world works.
I'm not a boomer, but...They always want to tell us the war stories of how they took packed lunches to work, and how they didn't own a mobile phone, as if it's somehow comparable to the sacrifices their parents made.
A generation of people who truly don't understand how the modern world works.
- care is needed with tarring them all with the same brush. Just as care is needed with tags like "snowflake"
- I think it's also wise not to dismiss everything a group one doesn't appreciate comes out with. There is always nuance
Murph7355 said:
- I think it's also wise not to dismiss everything a group one doesn't appreciate comes out with. There is always nuance
I'll dismiss anyone's views that are the young should denied the chance to go to university, and want them to go through whatever hardships they believe they went through all so they can "contribute to society" at the ripe old age of 16 to ensure the fossils get to keep their houses they've gobbled up and swoon around on holidays in countries they've ensured the same young cant work in either..Murph7355 said:
C70R said:
... and it's always the boomers who come out with this "save more" nonsense.
They always want to tell us the war stories of how they took packed lunches to work, and how they didn't own a mobile phone, as if it's somehow comparable to the sacrifices their parents made.
A generation of people who truly don't understand how the modern world works.
I'm not a boomer, but...They always want to tell us the war stories of how they took packed lunches to work, and how they didn't own a mobile phone, as if it's somehow comparable to the sacrifices their parents made.
A generation of people who truly don't understand how the modern world works.
- care is needed with tarring them all with the same brush. Just as care is needed with tags like "snowflake"
- I think it's also wise not to dismiss everything a group one doesn't appreciate comes out with. There is always nuance
Boomer here.
Just when you thought you might be seeing that generation starting to die off, we now have the Children of Boomers.
These people are very vocal against losing any of their 'inheritance' to the tax man.
Their parents 'worked very hard' to have a 1/2 million pound house.(i.e normal, easy 9-5 job, riding a rising property market for years)
And it's 'not fair' they should have to pay tax on anything over 0.5 million.
So please spare a thought for the Children of Boomers who can't sleep at night because of their main nightmare: Nursing Homes!
Just when you thought you might be seeing that generation starting to die off, we now have the Children of Boomers.
These people are very vocal against losing any of their 'inheritance' to the tax man.
Their parents 'worked very hard' to have a 1/2 million pound house.(i.e normal, easy 9-5 job, riding a rising property market for years)
And it's 'not fair' they should have to pay tax on anything over 0.5 million.
So please spare a thought for the Children of Boomers who can't sleep at night because of their main nightmare: Nursing Homes!
I am alright Jack said:
I'm not a f
king idiot
king idiotI am alright Jack said:
And don't forget the "year out" to go to Vietnam, but you wont understand because you weren't there.
I agree with you and it always strikes me at a bit odd when people who have only been in work for ten minutes complain they can't afford to buy a house.
One of these things is not like the other... I agree with you and it always strikes me at a bit odd when people who have only been in work for ten minutes complain they can't afford to buy a house.
valiant said:
Derek Smith said:
Stuff and then there’s this…
Stop making excuses, blaming others, and start saving.
C’mon Derek. There’s a bit of nonsense posted there.Stop making excuses, blaming others, and start saving.
Yep, you have to save and you will struggle at the beginning - that’s all part of starting out but, and it’s a huge but, housing was relatively affordable for someone buying in London in the nineties when I first bought.
My first house in Walthamstow was a 2 bed terrace for £57k. Our combined salary at the time was £20k (1994 prices). I did an average job for an average wage and I was able to get on the ladder. We still had to save like mad for the deposit but we are talking around £7.5k if I remember correctly.
The same house today costs around £550-600k. How have wages risen in comparison? What’s the deposit needed to secure a property at that price? How many avacados on toast or fancy phone contracts will you have to give up to get a deposit to buy that?
People who say just save more are totally disconnected with how house prices have gone completely mental especially in London.
Edited by valiant on Monday 20th November 20:52
Those who think that house prices in London were cheap back in the day come from a generation who haven't got the slightest clue how the world worked then, and are not interested in finding out.
Mentioning what it was like then to counteract ridiculous suggestions is dismissed as an anecdote, as many experiences which contradict myths and excuses often are. The fact that central heating was switched on only at weekends is a fact. Having to put down over 20% of the house price in a deposit is a fact. And I wonder how many of the present generation have bothered to look up interest rates of the time. Oh, no, wait. I don't have to wonder. The answer's apparent.
My first mortgage came in at £36.10.6d. Oh so easy to find the money for that. In fact, all I had to do was hand over my entire pay packet each month and then some. On top of that was the payment of the insurance used as part deposit.
Save more is an answer. It's simple enough. It's unarguable, unless you don't want to make sacrifices nor put in the effort.
Many of my generation know full well the problems people have buying, and affording houses. I've got four kids, extending over 16 years. It's not as if we've all been hiding in gated communities.
One poster suggested that my generation always suggest saving. I wonder if they ever wondered why.
The ‘work from home’ can open the opportunity for house buyers to fling their nets further afield taking advantage of lower house prices found in some areas in the north of the Country.
When we took on our first mortgage we were limited to just x2.5 our annual salary. Very limited choice on how the mortgage would have to be repaid.
But I would still prefer to go through all that again then be lumbered with young house buyers hurdles of today. Truth is it’s never been easy for the vast majority of people to get onto the housing ladder
When we took on our first mortgage we were limited to just x2.5 our annual salary. Very limited choice on how the mortgage would have to be repaid.
But I would still prefer to go through all that again then be lumbered with young house buyers hurdles of today. Truth is it’s never been easy for the vast majority of people to get onto the housing ladder
Edited by crankedup5 on Wednesday 22 November 12:29
Derek Smith said:
London is mentioned time and again as if there's some right that a first-time buyer should be able to pick and choose where they want to buy houses they can afford. I could not afford to buy in London back in the halcyon days when homes came free with packets of Sugar Puffs. None of my friends could afford to either. I moved to north Kent as did many mates. Others went off to Sussex and Hants. Why don't the present generation think of this as an option?
Those who think that house prices in London were cheap back in the day come from a generation who haven't got the slightest clue how the world worked then, and are not interested in finding out.
Mentioning what it was like then to counteract ridiculous suggestions is dismissed as an anecdote, as many experiences which contradict myths and excuses often are. The fact that central heating was switched on only at weekends is a fact. Having to put down over 20% of the house price in a deposit is a fact. And I wonder how many of the present generation have bothered to look up interest rates of the time. Oh, no, wait. I don't have to wonder. The answer's apparent.
My first mortgage came in at £36.10.6d. Oh so easy to find the money for that. In fact, all I had to do was hand over my entire pay packet each month and then some. On top of that was the payment of the insurance used as part deposit.
Save more is an answer. It's simple enough. It's unarguable, unless you don't want to make sacrifices nor put in the effort.
Many of my generation know full well the problems people have buying, and affording houses. I've got four kids, extending over 16 years. It's not as if we've all been hiding in gated communities.
One poster suggested that my generation always suggest saving. I wonder if they ever wondered why.
Why do you keep telling your anecdotes in a way that suggests you don't believe it's currently twice as hard to buy a house as it was for you?Those who think that house prices in London were cheap back in the day come from a generation who haven't got the slightest clue how the world worked then, and are not interested in finding out.
Mentioning what it was like then to counteract ridiculous suggestions is dismissed as an anecdote, as many experiences which contradict myths and excuses often are. The fact that central heating was switched on only at weekends is a fact. Having to put down over 20% of the house price in a deposit is a fact. And I wonder how many of the present generation have bothered to look up interest rates of the time. Oh, no, wait. I don't have to wonder. The answer's apparent.
My first mortgage came in at £36.10.6d. Oh so easy to find the money for that. In fact, all I had to do was hand over my entire pay packet each month and then some. On top of that was the payment of the insurance used as part deposit.
Save more is an answer. It's simple enough. It's unarguable, unless you don't want to make sacrifices nor put in the effort.
Many of my generation know full well the problems people have buying, and affording houses. I've got four kids, extending over 16 years. It's not as if we've all been hiding in gated communities.
One poster suggested that my generation always suggest saving. I wonder if they ever wondered why.
I don't understand. Are you confusing 'anecdote' with 'data'?
You seem a bit obsessed with London. You do realise that the gap between wages and house prices has widened everywhere in the country, right? Places like Liverpool, Sheffield, Reading, Cardiff and Leicester (you know, not 'that there London') are all suffering housing crises, but instead you're busy moaning about people owning mobile phones and feeling entitled to live in London?
This is how boomers get their reputation...
Edited by C70R on Wednesday 22 November 12:36
C70R said:
I wasn't for a moment suggesting that those views are held by all boomers. But either way, it's always boomers who seem to spout them.
Isn't that pretty obvious - people need lived experience to be able to explain their lived experience. Which naturally means they'll be older Killboy said:
....
So now taking some time to travel the world is a bad thing? Wow.
If it's whilst noting how bad one's lot is and how disadvantaged they are, then probably yes, it is a "bad thing".So now taking some time to travel the world is a bad thing? Wow.
(Again, speaking as a non-boomer who has pissed plenty up the wall
Though I tend not to moan at/blame others for that. Even if I do think Triple Lock is fking stupid and should be scrapped tomorrow). 
Killboy said:
I'll dismiss anyone's views that are the young should denied the chance to go to university, and want them to go through whatever hardships they believe they went through all so they can "contribute to society" at the ripe old age of 16 to ensure the fossils get to keep their houses they've gobbled up and swoon around on holidays in countries they've ensured the same young cant work in either..
Describing symptoms of excessive immigration and blaming it on something else.. Derek Smith said:
London is mentioned time and again as if there's some right that a first-time buyer should be able to pick and choose where they want to buy houses they can afford. I could not afford to buy in London back in the halcyon days when homes came free with packets of Sugar Puffs. None of my friends could afford to either. I moved to north Kent as did many mates. Others went off to Sussex and Hants. Why don't the present generation think of this as an option?
Those who think that house prices in London were cheap back in the day come from a generation who haven't got the slightest clue how the world worked then, and are not interested in finding out.
Save more is an answer. It's simple enough. It's unarguable, unless you don't want to make sacrifices nor put in the effort.
Many of my generation know full well the problems people have buying, and affording houses. I've got four kids, extending over 16 years. It's not as if we've all been hiding in gated communities.
One poster suggested that my generation always suggest saving. I wonder if they ever wondered why.
Unfortunately many wring there hands at the plight of the young today as opposed to seeing that many still get on the ladder often making similar sacrifices to previous generation. Those who think that house prices in London were cheap back in the day come from a generation who haven't got the slightest clue how the world worked then, and are not interested in finding out.
Save more is an answer. It's simple enough. It's unarguable, unless you don't want to make sacrifices nor put in the effort.
Many of my generation know full well the problems people have buying, and affording houses. I've got four kids, extending over 16 years. It's not as if we've all been hiding in gated communities.
One poster suggested that my generation always suggest saving. I wonder if they ever wondered why.
My son does not have a superstars wage job, he is a PC. He bought his house at 24, within commuting distance of London in Essex. The house is almost identical to my 1st house. Yes he went in with his girlfriend, but so did I when I bought.
My wife's daughter has also bought, she is 23, with her boyfriend, also not on a great salary, in Hampshire, in a nice little market town.
In both cases they've got jobs, saved some money & made it happen. Hasn't been easy, but has been possible.
Contrast with my wife's other child. He is 21, never held a job down for more than 2 months, wants "freedom", but expects somebody else to fund it. Seems to think working is either setting up a company & expecting the money to roll in without actually doing anything or pissing around on Etsy drop shipping 50 quid a week of stuff. In between all that it manages to turn a couple of parking tickets into a 1500 quid debt, because the internet says you don't have to pay parking tickets, so ends up with his car seized by the bayliffs to pay the debt. He is utterly clueless but seems to think he knows it all.
In short there are good & bad examples today, there are a few more entitled kids these days than in the past. But thats not their fault but their parents.
Its always been hard work to get on the property ladder always will be, it's more expensive now, for sure, but that doesn't make it impossible. As always its about choices & priorities.
crankedup5 said:
The ‘work from home’ can open the opportunity for house buyers to fling their nets further afield taking advantage of lower house prices found in some areas in the north of the Country.
In reality, it doesn't really work like that. One "could" WFH entirely but it would be at a detriment to their career. I am not wet behind the ears in my career but relatively newish to my current employer. I make the effort to go into the city once a week at minimum as it brings lots of soft benefits. Moving a significant distance from work would make life crap.In 2020 when I worked at a large Essex-based auto OEM many colleagues used WFH as an excuse to move far away from the M25 to save money. That was fine for the first 18 months but now they will be gritting their teeth when they need to be in the office to be fully effective.
GroundEffect said:
crankedup5 said:
The ‘work from home’ can open the opportunity for house buyers to fling their nets further afield taking advantage of lower house prices found in some areas in the north of the Country.
In reality, it doesn't really work like that. One "could" WFH entirely but it would be at a detriment to their career. I am not wet behind the ears in my career but relatively newish to my current employer. I make the effort to go into the city once a week at minimum as it brings lots of soft benefits. Moving a significant distance from work would make life crap.In 2020 when I worked at a large Essex-based auto OEM many colleagues used WFH as an excuse to move far away from the M25 to save money. That was fine for the first 18 months but now they will be gritting their teeth when they need to be in the office to be fully effective.
Murph7355 said:
Killboy said:
....
So now taking some time to travel the world is a bad thing? Wow.
If it's whilst noting how bad one's lot is and how disadvantaged they are, then probably yes, it is a "bad thing".So now taking some time to travel the world is a bad thing? Wow.
(Again, speaking as a non-boomer who has pissed plenty up the wall
Though I tend not to moan at/blame others for that. Even if I do think Triple Lock is fking stupid and should be scrapped tomorrow). This thread is pure entertainment. The old generation discussing ways the young can fund their existence, while complaining how lazy they are and take everything for granted.
I personally hope the next generation can have more opportunity than I've even had. I'd consider my generation a failure if not.
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