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Jeremy Paxman Slags Off The Boomers

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Jeremy Paxman telling the DM readers how it is

"The soaring cost of putting a roof over your head is surely one of the most unattractive — and pernicious — characteristics of the past 40 years. And yet for decades the media have reported a rise in house prices as being somehow a cause for celebration and a fall as a bad thing.

But the consequence of this obsession — and the borrowing that made it possible — was to destroy the relationship between property prices and wages: housing is now so far beyond the reach of many young people that significant numbers doubt whether they will ever be able to buy decent accommodation. "

Or

"The only explanation for the nation’s obsession with property prices is the Baby-Boomers’ smug conviction that, having entered the market, the only thing they need to do to become wealthy is to sit on their backsides.

And who can blame them?

In 1968, when the first of the Baby-Boomers were beginning to think about settling down, 425,000 homes were built in Britain. Last year, the total was just over 100,000 — fewer than in any year since 1923. With figures like that, of course, the cost of putting a roof over your head rises.

Lucky Generation investors who followed the advice of property-porn television and got into buy-to-let schemes developed another way of taking money from the young and securing it for the old"

http://www.dailymail.co.uk/news/article-2055497/JEREMY-PAXMAN-Baby-Boomers-selfish-generation-history.html

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http://www.guardian.co.uk/society/joepublic/2008/aug/13/iscouncilhousingreallymaki

Half of that 450k in 1968 was council housing , this carried during the 60s, 70s and made the true price of housing artificially low. Why stretch for a private house when you can get one of the council.

With a city the size of leeds needed each year from immigration expect the problem to grow in the south. Also so may people living on their own compared to back then.

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The man has a gifted insight....

Almost a million young people between 16 and 24 today have no work — for the jobs many might have expected to fill have been exported to China, India or Vietnam. Those who do find employment will enjoy none of the pension expectations of their parents.

Yes, it’s true, they do not face the apocalyptic anxieties of the Cold War. But those concerns have been replaced by the possibility of looming conflicts over energy, water, migration or religion. And let’s not mention what the Luckiest Generation have done to the environment we all share.

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I think Paxman may have just gone up in my estimation.

What a blinding article! :)

+1

It always seems to be the miserable b@stards who get it first.

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He must be one of the highest paid public sector workers on the planet.

Perhaps he'd like to give it all back?

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He must be one of the highest paid public sector workers on the planet.

Perhaps he'd like to give it all back?

Read somewhere over the weekend he is amongst those at the BBC who are on £500,000> per annum...

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Read somewhere over the weekend he is amongst those at the BBC who are on £500,000> per annum...

At least the BBC doesn't borrow. It may be immoral - but it's all bought and paid for each year.

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Read somewhere over the weekend he is amongst those at the BBC who are on £500,000> per annum...

Disgusting! He should give it all away to charity immediately! :rolleyes:

But back to the OP, the comments seem to be flooded with sore boomers sharing their own hard luck stories to prove how hard done by they are. One of the 'most rated' ones even moans about how they will have to sell their house to fund their retirement - they just don't get it, do they?

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DM Baby Boomers hating that article.

They just don’t see it do they? The free education, the final salary pensions, affordable housing. All things that future generations will not have. Their responses are so funny................i left school at 15 blah blah blah..............try leaving school at 15 now and see where that gets you! Not like we are blaming individuals just a collective, that said their responses just highlight how entrenched they are in the cocoons of comfort.

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quite.

yep.works both sides of the coin obviously.has his nice safe zanu job,now expanding into fresh fields.

errr......£800,000.that (800,000/145=5500 licence fees)

thats GROSS licence fees...we have collection and interest charges on top.

£1.40 per month per household

othercosts.jpg

so thats 11% spent on NOT paying the salaries.

Edited by Bloo Loo

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I love the comment that's something like "yes, houses were cheaper, but, hey, we had to make do with our gran's cast-off sofa..."

I stand corrected...

The only thing I would fault the baby boomers for is raising a generation of spoiled brats. I've seen far too many of the next generation grow up accustomed to having all the luxuries of modern life but without the self discipline, skills and work ethic to earn them when they become adults. It's a myth that the BB generation just sat back and had everything handed to them.

- Martin, Thailand., 31/10/2011 3:51

Martin, its sounds like you think your kids have inherited your sense of entitlement.

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Who needs affordable housing, pensions and a job for life when you have an ipod.

Remember, no Boomer ever bought a machine capable of playing music or wore fashionable clothing. That's how they got where they are today.

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I began teaching in 1971 and found it very difficult to make ends meet and build a home for my famiy. My husband was also a teacher and I gave up to stay at home and bring up my family believing I could do it better than a child minder ( what a terrible thing these days that staying home to look after a family isso looked down on!)

it'snot that it's looked down on, quite the opposite imo, but it is now a necessity for both parents to work due mainly to the 'primary' cost of housing. our generation(s) do not get a choice to cut back on this and that so that a parent can be at home as the mortgage/rent isn't negotiable. and i'm not even speaking from experience as i have a swathe of reasons that i wouldn't bring kids into this world.

Many of my friends were involved in the hardships of the 1970's - have you forgotten the blackouts and the miner's strikes Jeremy?

well boo hoo. though seriously i do hold some sympathy,yet what these boomers don't seem to understand is that 20 years after them events their struggles are all but over. when the energy crisis hits this generation, it's NEVER going to get better.

i guess i should be grateful to have been in my party and exploration years through what has been the richest, if ill-gained, period in history.

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http://www.guardian....usingreallymaki

Half of that 450k in 1968 was council housing , this carried during the 60s, 70s and made the true price of housing artificially low. Why stretch for a private house when you can get one of the council.

With a city the size of leeds needed each year from immigration expect the problem to grow in the south. Also so may people living on their own compared to back then.

we have somewhere in the region of 250,000 extra population per year in this country, net

say 120,000 homes

the Leeds conurbation has a population of c. 1million+ (taking into account the socially conituguous extension to Cleckhuddersfax, Wakefield, Bradford, Ilkley, maybe Harrogate)

ergo you are a ****ing idiot

but I had worked that out earlier however, you just keep reminding me

do you also post as Hamptoncourt on the DT? He's completely innumerate too, as is my mother in law (bless her) who makes up random numerically insupportable crap stats to bolster non-positions like your own

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one characteristic of the middle boomers, those who go on about working hard etc, was that during their peak young years, pre North Sea Oil, the value of the £, low house prices and the industrial base of the UK economy really would have made a connection between working hard and earnign results. Now the £ is internationally stronger and we are a skills based economy, hence we have to have skills and workj smart to get a competitive income. Somethign they never think of.

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http://www.guardian.co.uk/society/joepublic/2008/aug/13/iscouncilhousingreallymaki

Half of that 450k in 1968 was council housing , this carried during the 60s, 70s and made the true price of housing artificially low. Why stretch for a private house when you can get one of the council.

With a city the size of leeds needed each year from immigration expect the problem to grow in the south. Also so may people living on their own compared to back then.

Ha, my curmudgeonly grandad was offered a very nice brand spanking new council house in the 50s, but always said (in thick Norfolk accent) I dont want no damn house i cant walk around the outside off. So he lived out the rest of his days in an elderly shack like detached bungalow. I guess those genes passed off on me because i cant imagine buying something that isnt detached. The end.

Edited by Executive Sadman

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My kids had everything I never had.

And now they want everything I own.

Yet another bash-the-boomers thread. You lot should be ashamed, or perhaps you're sponsored posters, softening us up for a property tax? Boomers didn't screw up the housing situation, this meme is a diversion from the real culprits. No boomer had a 100% mortgage with no deposit, against a LIAR LOAN. The population at large didn't benefit from exotic financial instruments like MBS and CDS, but we can guess who did, and they're still paying themselves reckless amounts.

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one characteristic of the middle boomers, those who go on about working hard etc, was that during their peak young years, pre North Sea Oil, the value of the £, low house prices and the industrial base of the UK economy really would have made a connection between working hard and earnign results. Now the £ is internationally stronger and we are a skills based economy, hence we have to have skills and workj smart to get a competitive income. Somethign they never think of.

And something they have no blame for.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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