Boomers Over 50 Created This Sh1thole

[jackofalltrades]

Look,you are all skint now cos you were all too thick to know you were being stitched up.

Some of my generation sussed that years ago! Its the greedy pleb c****s who bought council houses for £10 and then sold them to you for £300.000 you want to vent your spleen on.

And how old do you think most of these buy to let C****s are!

F*****g yuppies again.

[Stars]

So let's see if I understand the posters here. The government mismanages (either by incompetence or malignity, take your pick) the economy, giving trillions of pounds into the hands of the bankers, and on the way forcing house prices to astronomical, unaffordable levels for most people.

Trillions of pounds into the hands of the incumbent owners of real estate

Funny how people like to fudge that bit.

And you all blame your mums and dads?

Please explain, in simple terms, what any ordinary person could have done over the years to avoid the situation we as a nation find ourselves in now. And don't just reply with a knee-jerk "you voted Socialist", because no government in recent history has been elected by a majority.

Things could have been done, but those things would have made real estate ownership less lucrative.

[Wario]

So let's see if I understand the posters here. The government mismanages (either by incompetence or malignity, take your pick) the economy, giving trillions of pounds into the hands of the bankers, and on the way forcing house prices to astronomical, unaffordable levels for most people.

And you all blame your mums and dads?

Well they've got me worried.

Here they are, supposed to be the rising generation. Room at the top and all that. Fair do's, that's what's supposed to happen. Always has.

But this shower do concern me. I mean they're just so ... fragile. Emotionally, and physically too I'd warrant.

It's like being barracked by Eloi.

I genuinely do worry (and I know I won't be believed, so don't start, spaghetti-legs) about their ability to get by outside the present parameters of comfort (and I include my own spawn in this, I'm not just being narrsty).

How the hell are they going to cope when the central heating goes off for the last time?

Light a fire? I should coco. 'Tis ee-val, save da plannne-e-etttt.

If they even knew how.

I suppose they could ask their granny.

And then again, they've no idea what a rip-roaring pain in the harris constant, random black-and-brownouts are neither.

It's hard to believe thinking back, but to me, leccy and heating, cars, and all that, are still amazing modern luxuries, to be appreciated, and definitely not relied on.

We did have a phone though. We weren't scum.

[indirectapproach]

"You can see the fear in their eyes. there are some on here, and you can see the fear in the way they write."

=

"Why justify yourself to theses people. These are the generation of Sky sports, celebrity worship, crappy lifestyle magazines, materialism, no such thing as society - they need someone to blame for their pointless lives."

[indirectapproach]

"And then again, they've no idea what a rip-roaring pain in the harris constant, random black-and-brownouts are neither.

It's hard to believe thinking back, but to me, leccy and heating, cars, and all that, are still amazing modern luxuries, to be appreciated, and definitely not relied on."

[gotoutintime]

I can only speak for the boomers in my life, but...

NOOO, much better that they stay here! Things are already balancing out, and will continue to do so IMHO.

Those who benefit from gold-plated pensions will feel the burden of increased taxes (albeit with a greater threshold than those under 65 :angry:)

Whilst interest rates are low many are having to spend capital, so less income if/when rates rise again.

Cheap air fares are disappearing and exchange rates are poor, causing those with holiday homes 'distress' (M&D are glad they stuck to caravanning ) and pain to those who have already retired abroad.

Further falls in property prices will remove their 'cash cows', no longer will I hear 'we want to downsize and pocket £100K'

CHILL, I'm already hearing lots of bleating. They are feeling the pain. My problems is that I have to fight the urge to say 'Ah Diddums'.

Your doomsday scenarios will almost certainly affect some Boomers especially those still rooted in the UK for the next 5 years or more.

Those of us who relocated abroad should have moved at least some savings into the local currency, I have split mine into 3 different currencies and move money around occasionally when rates are in my favour like last July $2.01 to a quid.

My FS early retirement pension which I contributed to is paid under the NT (no tax) code so no worries there, diesel for my V8 Suburban costs 42p a litre, a main meal sets me back £2 to £5 and I still get an annual RTW trip on Air New Zealand for £749 (ooh £15 a week). No more council tax, TV licence, income tax, National Insurance and I ain't too worried about a fall in property prices when a 4 bed, 3 bath house cost me £31,000 here after selling the over priced one in England for £475,000 in 2007.

Tattoo that "Ah Diddums" on your arm for something to think about when you are facing retirement, Because there is no pain here and you are the one doing all the bleating.

This ain't really an "I'm alright Jack" comment, just that I saw what was happening in the UK and done some homework so I could get out and retire early. Ta Ta

[gotoutintime]

"And then again, they've no idea what a rip-roaring pain in the harris constant, random black-and-brownouts are neither.

It's hard to believe thinking back, but to me, leccy and heating, cars, and all that, are still amazing modern luxuries, to be appreciated, and definitely not relied on."

That Monty Python video was cracking, at about 1:50 mins into it (150 of us lived in a shoebox) Were Barratt and Wimpey houses available back then?

Edited September 26, 2009 by gotoutintime

[Si1]

Well they've got me worried.

Here they are, supposed to be the rising generation. Room at the top and all that. Fair do's, that's what's supposed to happen. Always has.

But this shower do concern me. I mean they're just so ... fragile. Emotionally, and physically too I'd warrant.

It's like being barracked by Eloi.

I genuinely do worry (and I know I won't be believed, so don't start, spaghetti-legs) about their ability to get by outside the present parameters of comfort (and I include my own spawn in this, I'm not just being narrsty).

How the hell are they going to cope when the central heating goes off for the last time?

Light a fire? I should coco. 'Tis ee-val, save da plannne-e-etttt.

If they even knew how.

I suppose they could ask their granny.

And then again, they've no idea what a rip-roaring pain in the harris constant, random black-and-brownouts are neither.

It's hard to believe thinking back, but to me, leccy and heating, cars, and all that, are still amazing modern luxuries, to be appreciated, and definitely not relied on.

We did have a phone though. We weren't scum.

spectacular - you suffered brownouts for a few years in the seventies and considered lighting a fire.

this makes you special, really, it does. keep it up.

[Greg Bowman]

We were brought up by insecure boomers. What do you expect??

Someone should have crack down on you bast4rds in the 60's. You never changed the world, just used it up, you selfish old pr1cks.

Not long now though, before you all shuffle off this mortal coil.

No you weren't , you brought up by a generation that really knew how to live we have a healthy disrespect for the law and rules, partied good and hard from the 70's through the 80's and 90's.

Far from being insecure we never bothered about long time plans it sort of came good isn't that the opposite of insecurity?

And the bit about us shuffling off the mortal coil don't make me laugh I am off to play a reasonable level sat league footie game this aftermoon and invariably the fittest guys on the pitch are in their mid forties. The fat obese generation are the sub thirties.

And as I said before here we are back sans kids and with some ideas, money and contacts, and our only competition is hard working immigrants, the home grown whinging twerps like you won't get a look in - welcome to your world

You can see why tigers eat their young with all the crap and bile your generation spouts

[Wario]

spectacular - you suffered brownouts for a few years in the seventies and considered lighting a fire.

this makes you special, really, it does. keep it up.

The blackouts were later, and they were a total pain because useful stuff was operated by it and they were unpredictable, but ephemeral. Hardly remember now.

What I was havering on about was that up our wee bit hill and glen (till we moved to a town) we didn't have leccy till the mid 60's. Still get a kick out of traffic lights. Free lightshow!

I just fret about today's replacement population. I know they'll be just fine, but I'm continually rocked back by the sheer number of, to me, perfectly banal everyday maintenance and even survival tasks younger people can't accomplish themselves. Sometimes it seems they're as as baffled as if I'd started knocking out flint handaxes in front of them, and yet they're supposed to be adults. Mind you a lot of the stuff that used to be just routine is probably illegal now

I suppose they could learn. Quickly.

Tesco and E.on might not be there forever.

Hey! I forgot! Why's nobody started wittering on about how they're not going to wipe my ar se as I sit dribbling in an institution and then I'll be sorry , oh yeah, just you wait etc. Come on, you're forgetting the half the lines you've been given.

This guy's site seems a bit dead in the water. You could help him out.

[dr ray]

No you weren't , you brought up by a generation that really knew how to live we have a healthy disrespect for the law and rules, partied good and hard from the 70's through the 80's and 90's.

Far from being insecure we never bothered about long time plans it sort of came good isn't that the opposite of insecurity?

And the bit about us shuffling off the mortal coil don't make me laugh I am off to play a reasonable level sat league footie game this aftermoon and invariably the fittest guys on the pitch are in their mid forties. The fat obese generation are the sub thirties.

And as I said before here we are back sans kids and with some ideas, money and contacts, and our only competition is hard working immigrants, the home grown whinging twerps like you won't get a look in - welcome to your world

You can see why tigers eat their young with all the crap and bile your generation spouts

Well said,

Some of us boomers still have the work ethic too. I still work 100 hrs a week as I did in my 20s and if I do any property deal now it will be to downsize as I prepare for retirement so I don't see how that pushes up house prices.

The generations after me have a sense of entitlement which my generation never had. Why should the current 20-30 year old be able to afford a house? Its not a god given right and their fortunes are tied to the fortunes of the UK.

The young disproportionatly voted for Nulabour 3 times FFS and the economy has paid the price.

If they want to buy a house and have any marketable skills then they should emigrate while they are young.

Otherwise they should shut the f**k up and stop whinging.

[Stars]

Well said,

Some of us boomers still have the work ethic too. I still work 100 hrs a week as I did in my 20s and if I do any property deal now it will be to downsize as I prepare for retirement so I don't see how that pushes up house prices.

well think again

The viability of real estate as a parasitic 'investment vehicle' pushes up the price and people's individual involvement in real estate to those ends pushes up the price.

The boomer transfer was principally the unearned increment in real estate collected by one portion of the population for doing nothing and funded by another by working and living with higher costs.

Edited September 26, 2009 by Stars

[Georgia O'Keeffe]

its a bit rich to blame the so called boomers for having the temerity to be born in a certain year/decade. Unfortunately everybody is subject to the economic cycle and it just so happens we have just peaked a supercycle, nobodies fault really, just the way it is, i wouldnt even blame Brown that much(he did what was right for him and the Labour Party and got them elected three times, just as Thatcher did the same with the tories. Both parties have made crazy policy decisions for their short term benefit to the long term detriment of the country.

The reality is anyone who has retired in the last 5 years is relatively extremely lucky but equally anyone in their mid to late fifties who hasnt yet made it may well be potentially completely fooked over the coming years far more fooked than people under 40. Id be suprised if the biggest credit bubble in History didnt end like every other and see 90% wiped of the stock markets by the time this has fully played out think of the implication of that for pensions paid into over the last 30 years). And the reality is anyone under 30 such as myself has really only ever known relative Boom times and certainly the last 30 years has been a period of immense opportunity and wealth (even if in reality it is debt to now be paid back) historically speaking.

Edited September 26, 2009 by Tamara De Lempicka

[indirectapproach]

"And as I said before here we are back sans kids and with some ideas, money and contacts, and our only competition is hard working immigrants, the home grown whinging twerps like you won't get a look in - welcome to your world."

Reads to me like someone protesteth too much.

[Stars]

its a bit rich to blame the so called boomers for having the temerity to be born in a certain year/decade. Unfortunately everybody is subject to the economic cycle and it just so happens we have just peaked a supercycle, nobodies fault really, just the way it is, i wouldnt even blame Brown that much(he did what was right for him and the Labour Party and got them elected three times, just as Thatcher did the same with the tories. Both parties have made crazy policy decisions for their short term benefit to the long term detriment of the country.

The cycles are exacerbated (i would say caused) by bad government policy. Policy could have been implemented that would have killed the RE boom, but it would have as a consequence also removed the boomer freebie and so it was politically impossible.

[Georgia O'Keeffe]

The cycles are exacerbated (i would say caused) by bad government policy. Policy could have been implemented that would have killed the RE boom, but it would have as a consequence also removed the boomer freebie and so it was politically impossible.

well id disagree fundamentally that Govt causes cycles as i believe cycles cause Govt, but thats semantics but i agree they exacerbate the cycle. But thats the fundamental issue the Govt does whats right for Govt and if it happens to be for the good of the country well thats a bonus. A prime example being if the peak of this boom had been nipped in the bud in early 2000s theres no way Labour would have won the election in 05 If council houses werent sold at discount theres very little chance tories would got three terms.

Govts in the end do what is good for them and they in turn are chosen by the people who always prefer Jam today just like the Govt

Edited September 26, 2009 by Tamara De Lempicka

[Ethel]

Mind you I always thought boomers were a bit older. ie born before 1950.

I agree.

There's a 9 year age difference between my parents. My dad took out his pension 2 years ago at the market peak and is laughing. Mum on the other hand is not looking forward to a very generous payout from her private pension when she retires in a few years. She worked out that she'd have to live to about 130 just to get back what she'd paid in.

[kingsgate]

"So kindly stop the winge, winge, winge, winge - life is so hard - winge winge winge, and go and create some wealth for yourself."

How smug.

How patronising.

How surprising is it that some people who are lucky enough not to be as old as you seem to hold yourself out to be are well miffed?

Its not a question of age groups: it is, as always, about those who go out and get on with achieving what they want by their own efforts, versus those who sit there whinging and moaning about "the system" and how their own lack of success is always someone else's fault.

About how they couldn't get anywhere because "they" (whoever "they" are this week) have spoiled it for them.

Bo11ocks!

[Stars]

A prime example being if the peak of this boom had been nipped in the bud in early 2000s theres no way Labour would have won the election in 05 If council houses werent sold at discount theres very little chance tories would got three terms.

Govts in the end do what is good for them and they in turn are chosen by the people who always prefer Jam today just like the Govt

In the selling off of council houses, the removal of rates and the consequent amplified RE booms, the government appealed to the largest demographic and it did it by using the one societal institution in which people can legitimately/ legally prosper at the direct expense of others - real estate.

[kingsgate]

So you are over 30 and you think there is some HUGE difference between you and a 50 year old?

I was accused of being a 'boomer' on this forum when I was 42. Depending whose calculations you use the boomer years seem to cover at least 18 years.

How can you tar everybody in an 18+ year age span with the same brush when you are only just off 18 years from that group yourself?

Baz

Because this person is a failure and wishes to project the blame for his lack of success onto "they" - anyone, so long as it isn't his fault.

I was born in 1967 - am I a "boomer" then?

I didn't really get to enjoy the 1960s - my mum and dad wouldn't let me go to many rock festivals or wild parties - they said I was a bit too young.

Wasn't old enough to vote for Mrs Thatch - I was only 12 when she got in.

Finished college just in time to have to find work in the recession of the early 1990s.

Haven't done too badly, though, so not worried.

[right_freds_dead]

those 50+ boomers will reap the whirlwind of what they have sown when they require front line medical services in the next 10-20 years. muhahahahaha !!

[dr ray]

well think again

The viability of real estate as a parasitic 'investment vehicle' pushes up the price and people's individual involvement in real estate to those ends pushes up the price.

The boomer transfer was principally the unearned increment in real estate collected by one portion of the population for doing nothing and funded by another by working and living with higher costs.

It's the post boomers in a buying frenzy, hoping to get on the property ladder and make themselves spectacularly rich and all the parasites that cling on to them that have driven up property prices.

I bought my house to live in with my own money and don't see it as a gaming chip like the younger generation do.

I made my money working, not gambling and I think that applies to many of my age.

[piece of paper]

.................

OT - Is that young Aqualung in your piccy?

p-o-p

[indirectapproach]

"About how they couldn't get anywhere because "they" (whoever "they" are this week) have spoiled it for them."

How about all those people who are well shy of their fiftieth birthday, who have got to where they wanted and then got further and then further than they could ever reasonably have expected to go?

Who have got to where they are through hard work and good fortune and goodness knows what else.

Who may have got there in spite of rather than thanks to the "older" generation.

Who, when they look at their country are aghast at what they see.

Public finances shredded. Civil liberties shredded. The reputations of once great institutions like the Bank of England and the Speaker of the House of Commons, shredded. Three hundred years of British banking tradition, shredded.

Not everyone that is under fifty and well miffed is a pauper trapped in a debt hole, methinks.

It seems that the "older" generation considers it their droit de seigneur to criticise the younger at the drop of a hat but when the younger say,

"Hold on, this is one hell of a mess, you caused it and it's happened on your watch."

The greys go,

Edited September 26, 2009 by indirectapproach

[Stars]

It's the post boomers in a buying frenzy, hoping to get on the property ladder and make themselves spectacularly rich and all the parasites that cling on to them that have driven up property prices.

If you hold the real estate and insist on a tax, monetary framework which will mean productive surpluses appear in asset price, then it is to a large extent you that is parasitically draining the community

I bought my house to live in with my own money and don't see it as a gaming chip like the younger generation do.

I made my money working, not gambling and I think that applies to many of my age.

Why keep crawling back to individual, personal anecdote?

We are talking about large scale demographic transfers of wealth and I don't know you from Adam.

Edited September 26, 2009 by Stars