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16 minutes ago, Wayward said:

So long as accommodation is scarce and there is competitive bidding , those that own and control it will have the power.

Thats the great thing about student accommodation: it isn't all needed. Hopefully students change their decision making when it comes to effectively doubling the accommodation requirements (home and term). Should free up some,admittedly currently scummy, housing - much of it has great potential though

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I hope that enough of this generation of students come to realize that their everyday medium of exchange, the pound sterling, is almost all borrowed into existence at interest. Effectively the broad money stock is rented from commercial banks and, by and large, we are all forced to use it, just as we must all live somewhere.

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22 hours ago, Trump Invective said:

https://www.rent-strike.org/

Not sure if it's elsewhere on here, but I dont care because it's good, and important

I get the cause but there is a shout out for generation labelling and just who is richer than who? 

The article states “a crisis of capitalism - resulting in the creation of the first generation poorer than their parents, a crisis of debt, a crisis in housing to name but a few.” 

Just for clarity I thought millennials were the first generation poorer than their parents.....the guys at Uni today (in the majority) are generation Z. 

Or were Gen X the first,  not saying Gen X had it bad but many are asset poorer than the Boomers. 

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20 minutes ago, Pop321 said:

Or were Gen X the first,  not saying Gen X had it bad but many are asset poorer than the Boomers. 

The only Gen X I know that are struggling to be better off than their parents are those that for whatever reason didnt enter the property market in the late 80’s or 90’s. Early noughties prices boomed and even I joined here in 2005 because of need, and I already had a house from 1996. 

Neither of my parents have ever owned property, while life in council / HA. They are divorced several decades and their combined net worth will be less than £300k. My family net worth is at least £1m, and have more equity in our house than my Parents net worth. 
 

I guess the secret is of boomers or Gen X Ers Did or did not own, stay invested, in a property. 

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6 minutes ago, markyh said:

The only Gen X I know that are struggling to be better off than their parents are those that for whatever reason didnt enter the property market in the late 80’s or 90’s. Early noughties prices boomed and even I joined here in 2005 because of need, and I already had a house from 1996. 

Neither of my parents have ever owned property, while life in council / HA. They are divorced several decades and their combined net worth will be less than £300k. My family net worth is at least £1m, and have more equity in our house than my Parents net worth. 
 

I guess the secret is of boomers or Gen X Ers Did or did not own, stay invested, in a property. 

Agreed. Earlier gen x is most likely to be in the best position. 
 

as a late gen x, I did not enter the market as my window of opportunity was quite small to buy a decent house for a decent price - and a dotcom era redundancy in my first job completely shattered any plans.
 

had to hustle a different way to make amends for that 

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46 minutes ago, markyh said:

The only Gen X I know that are struggling to be better off than their parents are those that for whatever reason didnt enter the property market in the late 80’s or 90’s. Early noughties prices boomed and even I joined here in 2005 because of need, and I already had a house from 1996. 

Neither of my parents have ever owned property, while life in council / HA. They are divorced several decades and their combined net worth will be less than £300k. My family net worth is at least £1m, and have more equity in our house than my Parents net worth. 
 

I guess the secret is of boomers or Gen X Ers Did or did not own, stay invested, in a property. 

Gen X was an aside.

My main point is whether the article is right suggesting students today ie Gen Z are the first generation to have it worse? 

I thought it was millennials. 

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6 hours ago, The Spaniard said:

I hope that enough of this generation of students come to realize that their everyday medium of exchange, the pound sterling, is almost all borrowed into existence at interest. Effectively the broad money stock is rented from commercial banks and, by and large, we are all forced to use it, just as we must all live somewhere.

You are kidding, right?  You really expect your average English Literature, Media Studies or HIstory of Art student to ever grasp anything as techincal as that?!

Edited by anonguest
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On 23/01/2021 at 16:17, Trump Invective said:

Thats the great thing about student accommodation: it isn't all needed. Hopefully students change their decision making when it comes to effectively doubling the accommodation requirements (home and term). Should free up some,admittedly currently scummy, housing - much of it has great potential though

This would be easier for them if hotels with short term rooms were widely available.

Opportunity or is it illegal to have such an establishment?

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2 hours ago, Pop321 said:

 

Or were Gen X the first,  not saying Gen X had it bad but many are asset poorer than the Boomers. 

Many boomers are utter morons with money. They got their housing and pension wealth completely by chance and have invested their gains in building society accounts. They think they're akin to Warren Buffet.

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4 hours ago, Si1 said:

Many boomers are utter morons with money. They got their housing and pension wealth completely by chance and have invested their gains in building society accounts. They think they're akin to Warren Buffet.

The pension money keeps rolling in. More than we need to spend. Bank balance increasing. Why stress about investments?

"Happiness is simply the absence of desire,"

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7 hours ago, Pop321 said:

I get the cause but there is a shout out for generation labelling and just who is richer than who? 

The article states “a crisis of capitalism - resulting in the creation of the first generation poorer than their parents, a crisis of debt, a crisis in housing to name but a few.” 

Just for clarity I thought millennials were the first generation poorer than their parents.....the guys at Uni today (in the majority) are generation Z. 

Or were Gen X the first,  not saying Gen X had it bad but many are asset poorer than the Boomers. 

I've said on here before, it depends when you were born as a gen-x-er, if you were a late gen-x-er you would almost certainly be worse off asset wise than boomers.

 

Though obviously many gen-x-ers could still go to university for free, and had more chances to travel when young than boomers.

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On 23/01/2021 at 17:17, Trump Invective said:

Thats the great thing about student accommodation: it isn't all needed. Hopefully students change their decision making when it comes to effectively doubling the accommodation requirements (home and term). Should free up some,admittedly currently scummy, housing - much of it has great potential though

I'm hoping a lot of future students will realise they are better off doing video courses at their parents home than going to university in another city.  

 

This would actually have quite an effect on the UK, as "Education" is now one of our biggest "industries".

 

Would be great for the regular residents in "student areas", to have residential property returned to its original use.

 

Personally I would support a rent and fee strike, as these kids have been screwed.

 

 

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23 minutes ago, reddog said:

This would actually have quite an effect on the UK, as "Education" is now one of our biggest "industries".

This. Along with BTL of course.

And that is all Uni education is now, a business, a money making scheme, rinse the young/taxpayer £9k a year, and then also pay a BTL landlord who's bought up numerous properties in the area, or a private halls of residence. It's the cash cow that just keeps on giving.

27 minutes ago, reddog said:

Would be great for the regular residents in "student areas", to have residential property returned to its original use.

Again, spot on. I personally can  vouch for the housing in areas being decimated by 2-bit ex polys now universities. 

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40 minutes ago, reddog said:

I'm hoping a lot of future students will realise they are better off doing video courses at their parents home than going to university in another city.  

 

This would actually have quite an effect on the UK, as "Education" is now one of our biggest "industries".

 

Would be great for the regular residents in "student areas", to have residential property returned to its original use.

 

Personally I would support a rent and fee strike, as these kids have been screwed.

 

 

Thoroughly enjoyed my uni years, and learnt a lot. None of it was academic. 

Sad state of affairs if 18 to 21 year olds miss out on that part of their lives. 

Plenty of decades to work, save, etc etc etc 

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10 hours ago, captainb said:

Thoroughly enjoyed my uni years, and learnt a lot. None of it was academic. 

Sad state of affairs if 18 to 21 year olds miss out on that part of their lives. 

Plenty of decades to work, save, etc etc etc 

18 to 21 I learned so much. Developed a sense of adulthood but protected from the harsh realities of too much responsibility. Sensed losing, wining, struggling hard financially, engaging with totally different people than I mixed with at school with different backgrounds, ages and outlooks, studied very hard and walked away with a degree. 

And I didn’t go to Uni.

It’s a shame many at Uni missed out on that opportunity. Being a junior (at the very very bottom) in a career is a great opportunity and great environment. You can be cut slack, forget your jacket every Friday, get told off for having long hair (and still not getting it cut), telling a customer to f?ck off, leave your bike in the managers office etc. This is something that is unacceptable when you hit 22 or are a graduate on a real salary.

Work is work but ‘the newbie, apprentice, junior’ was a period of learning (in my case life and academic learning) that can’t then be replicated  

Uni was for academics, the artist or those who wanted a particular job or the top of the class. It’s a great opportunity but it shouldn’t be the norm. 

It seems that the main purposes is to keep youth unemployment down and generate taxes for the gov. Oh, and starts the kid off with a debt so they have to work hard and pay more tax right from the off. 

Don’t get me wrong...anyone who chooses Uni should be able to go without judgement....and that absolutely includes an Art degree for a creative because that what makes up the human condition and our variety. 

My issue is it seems Uni is not really a choice but many go to keep pace with the pack in employment terms. So many jobs now need degrees when in fact a degree is not useful for the job at all. That’s driving things and it suits TPTB. Even specialist professionals eg Nurses, could be trained with A levels....like we used to do with a degree equivalent training course.  

I don’t disagree or judge those who go to Uni, my son went and it was beneficial but it shouldn’t be pushed the way it is. It shouldn’t be the norm to just get a average job.

They are being robbed financially and in so many other ways. 

Edited by Pop321
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20 hours ago, highcontrast said:

Does anyone know it this will also happen the scummiest of the scummiest, i.e. the residential house BTL scumlords? I'm guessing these leeches will have clauses in their contracts making it difficult for their student tenants to renage payment?

Guarantors.

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13 hours ago, reddog said:

I'm hoping a lot of future students will realise they are better off doing video courses at their parents home than going to university in another city.  

 

This would actually have quite an effect on the UK, as "Education" is now one of our biggest "industries".

 

Would be great for the regular residents in "student areas", to have residential property returned to its original use.

 

Personally I would support a rent and fee strike, as these kids have been screwed.

 

 

100%

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21 hours ago, Pop321 said:

Just for clarity I thought millennials were the first generation poorer than their parents.....the guys at Uni today (in the majority) are generation Z. 

The oldest Millennials are already youngish middle aged adults in their late 30s/early 40s - the national crisis of crap jobs or no jobs for most, plus generally living in rented accommodation (or living in extended families) has lasted a very long time.

Edited by Big Orange
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14 hours ago, captainb said:

Thoroughly enjoyed my uni years, and learnt a lot. None of it was academic. 

Sad state of affairs if 18 to 21 year olds miss out on that part of their lives. 

Plenty of decades to work, save, etc etc etc 

So did I, but it was "free" when I was a student.  And I paid £28 per week for a room (didn't feel like a huge amount then).

 

At £9k per year, plus out of control rent, you would have to way up your options.

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