Was speaking to older lady last night, we was in a nice area, she’s telling me how she’s been looking for a place round here, she asked how my house hunting was going, I explained to her how I was looking at places over 100 miles away, a place best described as Mordor. That’s even with a 100k deposit you don’t get a lot, She said I should buy a doer upper, I told her most houses I look up are doer uppers, only different Is they still expect full overvalued price. She changed the subject.
A very bleak read about the decline future of the country. “Britain has become a country organised to benefit the old – the Conservative party’s electoral base.” Says it all really.
Seems if we are to survive. We can no longer milk the working class or young to benefit a diying aging and wealthy few. We will have to ditch the right wing daily mail attitude which has ultimately lead to tjis decline (and dosent work clearly) and input some form of socialism the fix everything somehow. We need to even out the rocky unstable ground to allow us to build again. Or we become a rotting bloated old carcass.
This country has safe guarded the boomers’interests at every turn in their lives, right down to the ridiculous triple locked pension. To hell with the young, as long as the boomers and grey voters are catered to, that’s all that matters. What is more hilarious is 99.9% of the boomers I know think they got there with hard work.
Yet these same Millenials and Gen Y’ers tend to want open borders so it’s hard to then complain that they can’t find a house to buy as the population grows through inward migration.
The UK has finite land resources so I’m not sure why building more and more houses is always seen as a way out of the problem. There are plenty of homes in this country only some people own more homes than they need.
Until landlords and Tory voters accept this, nothing will change. Older people need to accept and realise how badly they are hurting their grandchildren by trying to keep things as they are now. Houses will be sold to pay for care, so the idea that grandchildren will be able to buy their own home from selling their grandparents’ house is sorely outdated. For all the elderly people who complain about young people living at home in their 20s and 30s, there is a realisation that needs to be had for them to accept that they are part of the problem. If they demanded change from the government then we would see much swifter reforms.
I think change will only come after the boomers begin to retire and/or die off. Unfortunately because of the current system and the struggles of getting on the housing ladder for younger people, if the system changes those who made all that effort and only just managed to be successful will probably get screwed one way or another.
Similar to when minimum wage is raised, like I totally understand why people on minimum wage needs more money and I’m happy for them (especially with rampant inflation) but this also means that minimum wage moves closer to what I earn because employers just don’t like to raise wages in general. So there becomes less of an incentive to put in the effort to gain professional qualifications and the return on all that work is decreasing.
There are few winners in a system where the vast majority of people are treading water in favor of a very small number.
Maybe this is naive of me, but I can’t help but wonder what happens when property-owning baby boomers start to die en masse (I don’t say this to be cruel, but it will start to happen over the next couple of decades) whilst younger people can’t afford to buy property…
[deleted]
Can’t spend money when you haven’t got any money. The elderly don’t spend money, the young don’t have any money. It’s no wonder our economy is going down the shitter when no money’s going anywhere!
I’m less worried about the prices and more worried about the damn stamp duty, it’s ridiculous and doesn’t go up with inflation. Why do I have to pay £20k tax to live in a damn house. I already have you half my earnings and you want more.
I’m going to be able to get on the housing ladder this year because my dad died at 57 so I didn’t have to pay for his care as an old person! Sadly he did kill himself, as he couldn’t afford to keep living as he was on long term sick and had no income to pay his bills.
Sad times.
It’s the biggest drag on the UK’s growth
Think about it, we have all our brightest young folk go to Oxford, Cambridge, Durham, and London to study in major productivity hubs, then boot them out after 3 years because locals don’t want to build homes
13 comments
Was speaking to older lady last night, we was in a nice area, she’s telling me how she’s been looking for a place round here, she asked how my house hunting was going, I explained to her how I was looking at places over 100 miles away, a place best described as Mordor. That’s even with a 100k deposit you don’t get a lot, She said I should buy a doer upper, I told her most houses I look up are doer uppers, only different Is they still expect full overvalued price. She changed the subject.
A very bleak read about the decline future of the country. “Britain has become a country organised to benefit the old – the Conservative party’s electoral base.” Says it all really.
Seems if we are to survive. We can no longer milk the working class or young to benefit a diying aging and wealthy few. We will have to ditch the right wing daily mail attitude which has ultimately lead to tjis decline (and dosent work clearly) and input some form of socialism the fix everything somehow. We need to even out the rocky unstable ground to allow us to build again. Or we become a rotting bloated old carcass.
This country has safe guarded the boomers’interests at every turn in their lives, right down to the ridiculous triple locked pension. To hell with the young, as long as the boomers and grey voters are catered to, that’s all that matters. What is more hilarious is 99.9% of the boomers I know think they got there with hard work.
Yet these same Millenials and Gen Y’ers tend to want open borders so it’s hard to then complain that they can’t find a house to buy as the population grows through inward migration.
The UK has finite land resources so I’m not sure why building more and more houses is always seen as a way out of the problem. There are plenty of homes in this country only some people own more homes than they need.
Until landlords and Tory voters accept this, nothing will change. Older people need to accept and realise how badly they are hurting their grandchildren by trying to keep things as they are now. Houses will be sold to pay for care, so the idea that grandchildren will be able to buy their own home from selling their grandparents’ house is sorely outdated. For all the elderly people who complain about young people living at home in their 20s and 30s, there is a realisation that needs to be had for them to accept that they are part of the problem. If they demanded change from the government then we would see much swifter reforms.
I think change will only come after the boomers begin to retire and/or die off. Unfortunately because of the current system and the struggles of getting on the housing ladder for younger people, if the system changes those who made all that effort and only just managed to be successful will probably get screwed one way or another.
Similar to when minimum wage is raised, like I totally understand why people on minimum wage needs more money and I’m happy for them (especially with rampant inflation) but this also means that minimum wage moves closer to what I earn because employers just don’t like to raise wages in general. So there becomes less of an incentive to put in the effort to gain professional qualifications and the return on all that work is decreasing.
There are few winners in a system where the vast majority of people are treading water in favor of a very small number.
Maybe this is naive of me, but I can’t help but wonder what happens when property-owning baby boomers start to die en masse (I don’t say this to be cruel, but it will start to happen over the next couple of decades) whilst younger people can’t afford to buy property…
[deleted]
Can’t spend money when you haven’t got any money. The elderly don’t spend money, the young don’t have any money. It’s no wonder our economy is going down the shitter when no money’s going anywhere!
I’m less worried about the prices and more worried about the damn stamp duty, it’s ridiculous and doesn’t go up with inflation. Why do I have to pay £20k tax to live in a damn house. I already have you half my earnings and you want more.
I’m going to be able to get on the housing ladder this year because my dad died at 57 so I didn’t have to pay for his care as an old person! Sadly he did kill himself, as he couldn’t afford to keep living as he was on long term sick and had no income to pay his bills.
Sad times.
It’s the biggest drag on the UK’s growth
Think about it, we have all our brightest young folk go to Oxford, Cambridge, Durham, and London to study in major productivity hubs, then boot them out after 3 years because locals don’t want to build homes