The UK’s housing crisis is creating a generation of broke retirees
The UK’s housing crisis is creating a generation of broke retirees
by tylerthe-theatre
The UK’s housing crisis is creating a generation of broke retirees
The UK’s housing crisis is creating a generation of broke retirees
by tylerthe-theatre
29 comments
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Get to retirement age with no money then what? Family help, Government help or die.
Hoards of slowly dying homeless old people wondering the streets?
I really feel like the above could of used a comma but i have no idea where to put it.
Will we see a pensioner low level crime spree to get a warm bed and roof over heads?
And as usual the solution to this problem is easy, but will cause a few inconveniences to a much smaller section of society.
Limit homeowners to one home that they actually live in. A council is currently encouraging this by doubling council tax on second homes.
I have come to consider poverty a teacher in the art of frugal living of which I might add is also environmentally friendly through lesser consumption and as I have aged I have become more cynical as to the effectiveness of politicians and parties through them consistently failing to address the real problem of which it is clear they dare not – none of them. But have been living in poverty so long now, am used to it to find I really don’t need much more. Oh sure I can’t jet off to foreign climes, but I don’t need to when I can find what I need in my own country. Oh sure poverty has caused my world to become small but I am content and that is all that matters. I buy pre owned, I teach myself to repair what is broke and I have no interest in fashion and it’s associated fads.
Need to start building at a rate that reduces the housing shortage – set a target based on reducing it significantly year on year. Accounting for any immigration. Need to work out how to incentivise builders without just lining their pockets and discourage buy to lets and empty properties.
My mum, my sister and I have bought a house of multi-generational occupancy. It will not work for every family, however I can see it becoming more normalised as part of British culture in the future.
Fake news.
We’re 8 years post Brexit, which its supporters promised would fix this, and since they’re definitely not idiots, knew exactly what they were voting for, and voted in a government of the politicians who championed Brexit, with a massive majority to implement it exactly how they wanted, this is all now fixed.
That’s why you never see a Brexiteer complaining anymore. They’re all so happy and content.
And don’t forget just normal broke ass people like me!
Yeah and the solution to this will be to increased taxes on the middle class even more to pay for triple lock and benefits. Yay
This, and it’s gonna get worse. Get ready for the UK to also get the ‘retirement crisis’. House sharing pensioners in 30 years.
There’s a market opportunity for third world care homes in future, sell your house to afford elderly care in Thailand or something instead of exuberant fees for care in UK
Its actually fucking mad the Tories have thrown money hand over fist at pensioners, yet under their watch Pensioner Poverty rates have actually started to creep back up again after being all but eradicated by New Labour’s efforts in the 2000s.
A stupid number of pensioners are now millionaires. But if you’re disabled, single, and/or living in rented accommodation you’re just as fucked as everyone else.
And just to think how many in this sub who are going to be the generation most affected by this are calling for a breaking of the triple lock. Turkeys voting for Xmas comes to mind.
But the retirees are the ones who had the benefits of free education and grants for university, child benefit for all children and a number of other benefits since deemed uneconomical, they should have bought fewer lattes and and avocado toast and pulled themselves up by the bootstraps. Very little sympathy. Sorry.
This was entirely predictable during the housing boom but politicians and people alike just thought about themselves, treating houses as cash machines and property, not homes.
All financed by dodgy securitisation and a crash that we’re also still paying for.
We’re still subjected to the language of those times and won’t have learned a thing should the right conditions arise again.
I was lucky and managed to get a 30 year mortgage at 29 so I will be paid off by the time I find out I can’t retire.
For 30 Years Mass Immigration has driven DEMAND >>> SUPPLY and in turn cheap credit for mortgagases plus completion with foreign capital investing in property and the property bubble has expanded and the financialization of the Housing sector in the UK has been the only “game in town” eg slave for years at a job or invest in a house and see huge returns.
It is how the UK has been run by the UK Establishment for a long time now. “Reap what is sown when the harvest is ripe.”
This is good journalism. The most surprising part for me was:
> Nationwide found that 40 per cent of all deposits in 2024 were either from inheritances or gifted.
Are you seriously give geezers more attention?!? I couldn’t care less about those folks. I hope all their roads are cobblestones with a light mist of cold rain where ever they go!
Simple solution build fucking council homes.
Bring down the cost of housing.
Millennials, the fucking packhorse generation. Carrying every other cunt and by the time we reach retirement age the government won’t give a shit about our votes and we’ll be hung out to dry. Won’t even have any kind of healthcare to speak of at that point either.
Multigenerational living. Multigenerational mortgages. That’s what the future holds.
Ov course this is by design… Because what do poor people do?? They die young.
This is why we need to blame the boomers more.
Not out of some petty desire to sing ‘i told you so’, but because the policies they’ve enacted are genuinely damaging/unfounded, and as a democracy we cannot resolve our problems without changing the attitude an electorate who continue to vote the future into oblivion.
As long as we keep allowing people to deflect to cheap scapegoats like The EU! The Foreigns! The kids and their avocado toast! to save their ego and ‘be nice’ there will never be a recognition that the **British electorate’s choices** have been damaging or a understanding that all of us have to sacrifice to make things right.
Considering the boomers are “doing oh so great” and are the current generation retiring. They will eventually pop their clogs and all their assets will be back on the market causing a crash.
I honestly think in the next 10 years, as long as factors such as immigration levels reduce, it will eventually balance out.
Obviously no good to those who need a house now for example but the time will come.
Housing crises across every Western country, driving some harsh political changes
I have been saying this for absolutely years. Governments in the future and the present will look back on the idea that people retired owning their own home and realise what an absolute disaster has been boight upon the country.
It is however one entirely of the UK government’s own making. Tories or Labour they have both contributed to this.
Even now when the cracks are starting to show they keep their heads buried in the sand.
Governments have squandered people’s lives and they totally failed to notice or just didn’t care to notice until those people hit pensions age
Whats needed is 10 million second world war prefabs.
I’m 30 and retirement is scaring me. I put as much as possible into my pension but I haven’t got enough to buy a property yet. Add to that the idea me and my sister will have to support my mother in retirement I have no idea where to find all this money. The mind really does boggle.
Bring back social housing. It puts the brakes on an inflationary housing market. But of course, that’s why they won’t. We’re ruled by scum.
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