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Highway to Hell

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  1. It used to be the case that (for many..most) it was necessary to move organisations to 'advance'. Now, many organisations are not hiring (or at least only in specific roles / areas) and anyone recruiting right now will know that any vacancy posted is swamped with applications almost instantly. So moving to advance isn't really an option for many either. I don't think you are alone in how you (probably very accurately) see things just now. What to do about it? As has been said before many times....try to monitorise something you enjoy doing anyway and see how that goes. Easy to say of course; a lot harder to put into practice. At least seeing things for what they are is a good thing - Even if things do look a bit sh1te at the moment 🙂
  2. Good question. I am currently one of those crazies who has started to look to buy somewhere. Why would anyone do that, especially now? Current place (rented) Landlord has had the house reposessed and it is up for auction (again). Will never get social housing, so to avoid having to move (again) because of someone else' mess-up, greed etc (selling up underneath you) with kids settled in schools etc. there isn't much of an alternative. Very aware that any 'savings' because of stamp duty changes may well be wiped-out, but if (hopefully) staying put for 10-years or so, don't really care. So short answer....because the private rental model sucks for most people, and social housing is a lottery / loaded game. Not really news to anyone I'm sure.
  3. (Glass half-full here) I think this is a good thing.....eventually. It is going to be very painful though for many unfortunately. Addressing the issue of people who consistently live way beyond their means; and give the banks a lot of money as a result is (probably) a good thing. "Persistent Debt" being the phrase. https://www.bankrate.com/uk/credit-cards/credit-card-rules-for-persistent-debt/ Btw this doesn't negate that many people are going to be dropped right in it, and if had been managed properly in the first place.......
  4. The new nationwide one is especially annoying....two boomers...one convinces the other that they should spend it on a mobile home and wine. Nationwide's policy on ads for some time however does seem to be as [email protected] as possible.
  5. You clearly are a boomer, and many (not all of course) are very concerned about their image; hence the angst when they are not heralded as the heroes they see themselves as. You have already, in just a few words, try to convey what a great guy you are for example. I don't think anyone thinks there was a master plan. Just a great number of people who are clearly demonstrating a scorched-earth policy in every sense for decades. Referencing family tress from a position of complete ignorance was a nice touch too. Stay classy. The "classic" boomer worldview is riddled with inconsistencies and lack of consistent logic. That was the original point that you didn't seem to like.
  6. Absolutely - Boomers still are deluding themselves that they will be remembered for civil rights, the music etc....(the kind of Austin Powers view of the 60's)....Instead, their legacy will be something else. I think that cognitive dissonance should be on the tombstone of many of that generation
  7. US commentary. I hadn't fully appreciated the role of the Federal Housing Administration in the US if I'm honest. Key part for me: "In 2014, the Federal Housing Administration began reducing mortgage insurance premiums on loans by an average of $900 a year, in an effort to nudge first-time home buyers and millennial borrowers who might not have much cash for a down payment to finally enter the housing market. Those other federal moves include Fannie Mae and Freddie Mac making lower down payment loan options available to more borrowers. In 2014, the agencies began to buy loans with just a 3% down payment, or 97% loan-to-value ratio. Fannie Mae also announced in 2015 that it would allow income from a non-borrower household members to be considered as part of a loan applicants debt-to-income ratio. That could help some borrowers, who might have family members on Social Security or disability living with them, or a renter in a basement apartment, to boost their income levels and help them qualify for a loan." Link to article: http://www.marketwatch.com/story/5-reasons-a-2009-style-real-estate-meltdown-is-unlikely-now-2015-08-25 It doesn't take much time on Google to find examples of how the FHA "saved" the real estate market articles.
  8. The anger is mostly from the Guardian crowd in my experience. They are in well paid jobs, nice homes in nice areas (but with large mortgages). They are not at the point of listening to reason at the moment in the main. Pointing out that this is democratic process for example seems to merely antagonise them even further. I'm not sure why. I'm not the first to say this, but the one thing that does unite them is a very odd understanding of the democratic process. I'm still trying to understand it, but it seems to go something like this: 1) Anger at Cameron (he should never have called the referendum). With the result going the "wrong" way it isn't democratic, it is "mob rule" or "populism" 2) Hate / bile at the evil self-serving boomers that have destroyed their future. 3) Having argued that there shouldn't have been a referendum, there now should be another one, immediately. The "people" clearly didn't understand the question is an often used reason 4) In the event that there isn't a referendum (who should yield the right result of course) any means necessary to divert (be it the SNP north of the border, general election with pro-EU MPs, etc. of combination of) is the route to go The other shared common theme (from the remain "ranters", which isn't everyone of course) is a no acknowledgement at all that any other person in the UK would have had anything other than the largely positive experience that they themselves have had. That simply does not resonate at all.
  9. The Guardian types have already started that the democratic process has produced the "wrong" result arguments In Scotland, the guardianistas up there have started the "that democracy is wrong, we want another vote to get the "right" outcome". Totally predictable
  10. Absolutely. Just that many aren't helping out their children / grandchildren. I know there are many that do, but there are many pensioners / will become pensioners that have a sense of entitlement that they believe they should have the holiday home, multiple holidays, change cars every couple of years..... They feel this is utterly justified and deserved, and resent any questions about this. How they came to this conclusion, when in many cases their own parents themselves were very poor (so left nothing, or little) and they only reached mediocre levels in public sector / safe (as they were back then) jobs is something I don't understand how they square that circle. I expect history will not look back kindly on the working class boomers that blew opportunities that the rare set of circumstances that they happened to be born into gave them. In this case, it sounds like the £60k each gifts is as much about perceived social status than anything. They really are a shower of Hyacinths. Owning a few Bob Dylan albums, and occasionally voting labour isn't going to alter that!
  11. Totally agree with that - The "price" is becoming an ever more abstract concept for more and more aspects of what could be called modern life. As covered in other threads, applies to cars (traditionally the second most expensive purchase people would make). An increasing move to a month-by-month view of the world. Is difficult to see how this can be resolved without massive currency devaluation IMHO.
  12. I think the elephant in the room is that when people think of a FTB, they have a mental image of a 20-something individual, or maybe a couple, buying their first kettle, sofa...that sort of thing. What they don't have in their mind, is someone from (to put it delicately) from countries that don't rank so well in corruption indices, wandering new-build developments with brochures tucked under arm, buying multiple properties with an air of being utterly bored by the whole process. Technically they are UK FTBers. Btw I've seen this many times (as I'm sure anyone who live in or near areas where there are a lot of residential towers recently or currently being built. There is also the lower-end of the price range equivalent like the ramping piece the BBC did the other day where people were queing overnight to buy over-priced slums in Slough (the "news" element of this promotional piece was that there was a guarantee in the event of a Brexit result). I'll try to find it if I can. I'll be a good example of one of those pieces where people look back in the future and think "WTF!?"
  13. +1. I'd add deluded to that too.
  14. I think £250k is being optomistic sadly: http://www.rightmove.co.uk/new-homes-for-sale/property-39935661.html
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