But not a society where younger people can expect to become homeowners, to have a secure job, or a decent pension.
Raw deal for the young?
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But not a society where younger people can expect to become homeowners, to have a secure job, or a decent pension.
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we wouldn't have been able to afford our own own homes if we had spent all our money on flashy cars, long haul holidays and the latest iPhones. I cycled 10 mile in and out of work for a decade when we first got a mortgage.
Anyway there seems to be a new get out clause these days, when things are not going to plan you can blame it all on 'mental health' problems now.
Because we've created a society where the expectation is we should all be able to do everything we want when we want regardless of circumstance. I've personally known people that would book holidays before paying their rent, then plead poverty to the local authority/landlord. OT but it's like all these folk, may of them young, you see driving £30k+ cars. Most aren't on traditional finance, they're leased, low/no deposit, not bad monthly payments etc.
Put money aside for a rainy day? Pay things that are required first? F**k that, let's SPEND!!!
disclaimer: I know many in society are genuinely living in poverty and can't book holidays, buy cars or anything. I don't need a lecture
This stay at home and isolate would not have happened years ago, but even had it - does anyone think the government would have been expected to make up peoples loss in income (as in the furlough scheme)? I certainly think now, people would have expected to have saved and put money by to survive on, or simply do without.
I am of the generation where you took responsibility for your own finances, if you couldn't save a pay cash - you did without until you could.
Well I cycled the 10 miles a few times, but it was all up hill, so I gave up and used the bus at 7am as a youth. Then, working all over the city, I bought a moped and followed that by a motorbike, then eventually, because it was essential - a cheap car. I couldn't afford garages, so worked during the week - serviced and repaired at the weekends. The work itself was incredibly hard and manual then, electric drills were in very short supply so there was always a queue to use one. Brace and bits and Rawdrills were the standard fair.
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EddieM
Regarding the houses debate, it's most certainly true that the cost of an average home to average wage ratio has soared in the last few decades. Interest rates are much lower than a few decades ago and will probably remain so. That does still leave a couple of big, often insurmountable problems. Firstly is saving up a deposit is hard / impossible for many when you have to rent and secondly, whilst the mortgage payments might be comparatively small, the fact remains that repayment of the principle sum remains a distant prospect for most.
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durhamplumber
Why should everyone expect to own a house??Anymore than a big car...etc...
Surely not both ways?
Obviously not - the hard work uphill to be tackled on a morning when still half asleep.
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durhamplumber
It seems to have become a "" human right" to own a house...It is not.
I can fully understand people wanting to own their home, it has massive advantages when compared to having to rent - much cheaper, greater freedom to do what you want with it, maybe greater security. Investment in your home, is probably the best investment you can make, providing you can get on the ladder - Much more permanent than fancy cars, TV's etc..
Yep, gotta have something that the local authority can sell to fund your care home fees in later life.
Yep, gotta have something that the local authority can sell to fund your care home fees in later life.
Over my dead body!
"Raw deal for the young?"
So where do we begin?
Oh that's right, Education...
Normal kids even before the 'virus' were put into massive debt before even stepping out in to the 'adult world'.
It's even worse now of course, because the debt is the same but with no educational experience...
And has been mentioned earlier, no real chance of owning a roof over their head to call their own...
Yet alone having had their freedom of movement/education/work opportunities effectively snuffed out...
And with the current 'virus', no chance to interact with their peers and enjoy the most important few years of their lives...
And to add insult to injury, they are starting to be recruited to be injected with an alleged fatal disease to see what happens.
A 'virus' which we are repeatedly told only has mild effects on them, but the research is going to be done in order to give a few extra percentage points to the oldies who over the years have caused them an economic/social disaster!
Jab the old with the 'virus' instead of the young and see what happens
So where do we begin?
Oh that's right, Education...
Normal kids even before the 'virus' were put into massive debt before even stepping out in to the 'adult world'.
It's even worse now of course, because the debt is the same but with no educational experience...
And has been mentioned earlier, no real chance of owning a roof over their head to call their own...
Yet alone having had their freedom of movement/education/work opportunities effectively snuffed out...
And with the current 'virus', no chance to interact with their peers and enjoy the most important few years of their lives...
And to add insult to injury, they are starting to be recruited to be injected with an alleged fatal disease to see what happens.
A 'virus' which we are repeatedly told only has mild effects on them, but the research is going to be done in order to give a few extra percentage points to the oldies who over the years have caused them an economic/social disaster!
Jab the old with the 'virus' instead of the young and see what happens
If the ratio of average earnings: average house prices
Had been the same when we were young as it is today
I agree, depending on your income and where you live, getting on the property ladder might be nigh on impossible. However for many it is possible if they're prepared to draw in the purse-strings for x years to save the deposit. This is the step many aren't prepared to do, they want their holidays, cars etc. Most of us can't do it all, suck it up.
As for the decline of jobs for life, decent pensions etc, again I don't necessarily disagree. The job/career landscape is changing with an expectation that many people will need to retrain a few times in their working lifetime. And the rise of automation over coming decades will have a further impact on lower skilled jobs and perhaps skilled jobs.
I don't think you can lay the blame for negative socio-economic conditions at the door of everyone. Most of us have no direct input on significant changes to this and are just doing our best to get by like everyone else.
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