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Marina

Beginning To Think Your Generation Is Done For

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I guess it is fair to say the media is owned and controlled by my generation.

In fact, most of the wealth is controlled by my generation.

Some of my generation have bought up housing your generation should have had - and rented it to you.

On the way they forced prices up out of your reach.

As a result a large number of your generation are priced out of the market and, despite the sticky little problem of house prices going so high yields on BTL are unworkable, now we have a market no-one can afford.

But are house prices coming down? Much?

To be fair I have posted examples on here of 4 bed detacheds selling 15% to 20% under asking price - but that was between 1 and 2 years ago.

Likewise the glut of 2 bed new builds has caused them to sell at 15% off - but still at 200k. Much too much for most of your generation.

But the media, owned by my generation, is fighting tooth and nail to make sure that everyone - even (indeed particularly) most of your generation - believes that all is well, that property and the economy are buoyant and property is a good long term investment. And, round here, the market definitely seems to be recovering.

You lot are being left high and dry. Saving like mad in the hopes of a crash that will make property affordable for you. But the media won't let that happen (the government can't stop it but the media seems to be doing a bloody good job). I bet the editor of every paper in this country owns at least one BTL property. Think they are ever going to report falling prices? Even when the market where I live (and in London) was truly stagnant - a year and two ago - still the media would not ever let the truth out.

I have posed this elsewhere in other threads and, most of your generation are happy to scoff. If you lot don't get off your backsides and make your voices heard - you'll be renting flats when you're 50. In general terms my generation does not give a stuff about yours - we want it all and we want you to pay for it. Even when it affects us and it looks like our kids can't afford a house in our area - simple, quick re-mortgage and give them the deposit.

What are you going to DO? Keep posting in a forum that is read by 1000 like minded souls?

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Why don't you organise something? You clearly think that is the way to go, you seem to have the time on your hands, and you have the motive - your kids.

Hell, you could even be a hero to millions of people!

Go for it! :)

p.s as you have pointed out, your generation holds all of the wealth and power, so you are perfectly placed to do something about it. We on the other hand will simply be ignored.

Millions objected to the Iraq war, which is a much more media-friendly and emotive cause than some middle class tossers complaining that they can only afford to live with the scummy people and not in the nice part of town they thought they deserved.

Edited by Smell the Fear

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Why don't you organise something? You clearly think that is the way to go, you seem to have the time on your hands, and you have the motive - your kids.

Hell, you could even be a hero to millions of people!

Go for it! :)

p.s as you have pointed out, your generation holds all of the wealth and power, so you are perfectly placed to do something about it. We on the other hand will simply be ignored.

Millions objected to the Iraq war, which is a much more media-friendly and emotive cause than some middle class tossers complaining that they can only afford to live with the scummy people and not in the nice part of town they thought they deserved.

I do have the time but I don't have the motivation. I am not priced out of the property market. I have benefited from it over the years. My kids? Well the oldest one is 17 and if he showed the slightest motivation to do anything with his life I might be interested. But all I ever get from him is 'I can't be @rsed'. You can say what you like about my lot but we have been @rsed - at least I have - all my life.

We didn't like the post-war Victorian values world we grew up in - so we changed it. Can't say it is any better but at least we did something.

As for you being ignored - if you could just get a thousand of you to march and sit down on Hyde Park Corner in the rush hour - you would raise the profile of your cause immediately. Look at Fathers 4 Justice - couple of blokes in silly costumes but they really got their message across. 99% of people in this country think ever rising house prices are a good thing. With student debt and high house prices you lot are buggered - but my lot don't know about it - so still the bandwagon rolls.

Edited by Marina

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We didn't like the post-war Victorian values world we grew up in - so we changed it. Can't say it is any better but at least we did something.

You didn't grow up in a police state covered in cameras, being tracked by your mobile phone signal. I reckon a lot of people are afraid to step out of line in this country because they may live to regret it when retrospective laws come into force and their "criminal" activity has been monitored and logged for years using current technology.

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You didn't grow up in a police state covered in cameras, being tracked by your mobile phone signal. I reckon a lot of people are afraid to step out of line in this country because they may live to regret it when retrospective laws come into force and their "criminal" activity has been monitored and logged for years using current technology.

Boy you really do smell the fear. As far as I know no-one has been prosecuted yet for a bit of peaceful protest. Have the Fathers 4 Justice guys disappeared in the night? You don't have to step out of line. Indeed you should not step out of line. One peaceful protest is all it takes to start raising the issue.

Footage I have seen from the cameras you mention seems to indicate that an awful lot of your generation have no worries about stepping out of line on a Saturday night in every city centre in the country.

Edited by Marina

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I'm doing my bit by simply not buying.

I presume you are living somewhere - other than with your parents? In which case you are paying rent - probably to someone much older. You are doing your bit to make sure my generation stays enriched and your generation stays impoverished.

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Some of my generation have bought up housing your generation should have had - and rented it to you.

On the way they forced prices up out of your reach.

I don't think BTL's that significant -- it's more of a symptom than a cause.

But the media, owned by my generation, is fighting tooth and nail to make sure that everyone - even (indeed particularly) most of your generation - believes that all is well, that property and the economy are buoyant and property is a good long term investment.

They just reflect the interests and aspirations of their readership.

You lot are being left high and dry. Saving like mad in the hopes of a crash that will make property affordable for you. But the media won't let that happen (the government can't stop it but the media seems to be doing a bloody good job).

The media are just going with the flow -- same as they did with the last HPC and more recently with the Dotcom crash.

I bet the editor of every paper in this country owns at least one BTL property.

Like others on this forum you seem to be blaming BTL for what is a much larger phenomenon -- a property bubble. It'll correct itself by-and-by.

Edited by Jeff Ross

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Boy you really do smell the fear. As far as I know no-one has been prosecuted yet for a bit of peaceful protest. Have the Fathers 4 Justice guys disappeared in the night? You don't have to step out of line. Indeed you should not step out of line. One peaceful protest is all it takes to start raising the issue.

Boy, your thoughts on this matter are about as useful as a 1974 Vauxhall Marina. To quote Wikipedia: "But the Marina was never a class-leader and this was down its uninspired design and suspect quality. "

Fathers for Justice is one thing (and it has been pointed out to you that they were regarded as crackpots and have since disbanded). Challenging the economic foundations of the western world is quite another.

That is essentially what lies at the core of this mess, and that is not something to be messed with lightly.

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I presume you are living somewhere - other than with your parents?

I live with my parents and don't pay any more than the minimum at the moment. :)

However, I am hoping to move out some time this year. And yes I will rent, probably from some landlord sucker. Plenty of them about. Renting suits my lifestyle.

In fact at this rate I do not believe I will be in this country long-term. I will probably end up saving a wodge of cash and taking it with me abroad.

And it's better to have the frustration of high house prices, rather than the fear of negative equity.

Edited by Warwickshire Lad

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I've heard this one before - baby boomer bloke on skiing trip couldn't understand why there hadn't been a revolution by us young uns, what with the HPI, Pensions,Student Loans triple whammy

my guess is it just seems so, well, greedy, for us kids to sit on hyde park purely to complain about money. Remember people only measure wealth by comparing with their peers, so since we're all in the same boat (not the one that left), nobody's that bothered

Besides, we're too busy working...

And for anyone complaining about the skiing trip, to save the average UK deposit I'd have to miss 50 skiing trips. If I wait till I'm 77 to go skiing, I'm worried I'll have missed the snow, though I won't apportion the blame for global warming here (perhaps you can guess). :rolleyes:

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I live with my parents and don't pay any more than the minimum at the moment. :)

However, I am hoping to move out some time this year. And yes I will rent, probably from some landlord sucker. Plenty of them about. Renting suits my lifestyle.

In fact at this rate I do not believe I will be in this country long-term. I will probably end up saving a wodge of cash and taking it with me abroad.

And it's better to have the frustration of high house prices, rather than the fear of negative equity.

Absolutely agree - but you are not DOING anything to raise the issues your generation faces. In fact it sounds like you will probably leave the country - which will be bad for the country. But not everyone can move away and not everyone will want to.

Also, high house prices seems to be a global phenomenon this time round.

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Guest Charlie The Tramp
Some of my generation have bought up housing your generation should have had - and rented it to you.
Now, over a quarter, (28.3%) of all respondents are aged between 25 and 35. The largest single age group (37%) is between 35 and 45. Less than a quarter (23.3%) are between 46 and 55, while 9.5% are over 56.

According to my accountant who has 16 clients all also have employment, one is over 50 and the rest between 28-35. They have from 2 to 8 properties. This is within the Greater London Area.

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I've heard this one before - baby boomer bloke on skiing trip couldn't understand why there hadn't been a revolution by us young uns, what with the HPI, Pensions,Student Loans triple whammy

my guess is it just seems so, well, greedy, for us kids to sit on hyde park purely to complain about money. Remember people only measure wealth by comparing with their peers, so since we're all in the same boat (not the one that left), nobody's that bothered

Besides, we're too busy working...

And for anyone complaining about the skiing trip, to save the average UK deposit I'd have to miss 50 skiing trips. If I wait till I'm 77 to go skiing, I'm worried I'll have missed the snow, though I won't apportion the blame for global warming here (perhaps you can guess). :rolleyes:

Boy, I wonder how we created you. You are the perfect prole. It seems 'greedy for us kids to sit on hyde park (corner - don't forge the corner - no good lying on the grass) purely to complain about money'.

YOUR GENERATION HAS BEEN BENT OVER AND SHAFTED. We've got the money and we're keeping it!

And you love it. You're all in the same boat so it's okay! You should have been around in the war! Real blitz spirit there!

According to my accountant who has 16 clients all also have employment, one is over 50 and the rest between 28-35. They have from 2 to 8 properties. This is within the Greater London Area.

Not quite sure what your point is - so it's not just people of my generation that are shafting today's youth.

It's just that a relatively small sector of society has bought up housing and priced a generation out of home ownership. And they are doing NOTHING about it. Just working harder and saving harder and hoping, hoping, hoping that a HPC comes - when every vested interest is fighting tooth and nail (with considerable success given the market fundamentals) to make sure it does not happen.

Boy, your thoughts on this matter are about as useful as a 1974 Vauxhall Marina. To quote Wikipedia: "But the Marina was never a class-leader and this was down its uninspired design and suspect quality. "

Fathers for Justice is one thing (and it has been pointed out to you that they were regarded as crackpots and have since disbanded). Challenging the economic foundations of the western world is quite another.

That is essentially what lies at the core of this mess, and that is not something to be messed with lightly.

The Marina was made by Morris.

Say what you like about Fathers 4 Justice - I've seen Paxman interviewing all sorts of people on their subject - seem them on the news - seen a whole program hosted by someone famous (senior moment - can't remember who) - just because a nutter got in their midst does not alter the FACT that raised the profile of their cause by a few outlandish acts. But then they cared about something.

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People are getting a bit ahead of themselves here, methinks.

In my world house prices are coming down, those that dont are sticking.

I know of 2 houses in my area on the market for 2 years. One has been empty for some time.

Someone, somewhere is paying a mortgage, rates and utilities on this property.

If they are waiting to see who will crack first - they'll stay waiting.

On my road there are 32 houses.

5 are for sale.

2 are To Let. (vacant)

We came to buy, but the rent was (slightly over) 1/3 of the prospective mortgage payments.

So guess what we did. ;)

Thats my direct action.

Anyways, I am inclined to think that this year will not pass without external events leaving a significant impression on the UK.

A bolder person might suggest that those who own houses have far more to lose than those who "only" rent.

And I dont mean just financially, either. :ph34r:

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People are getting a bit ahead of themselves here, methinks.

In my world house prices are coming down, those that dont are sticking.

I know of 2 houses in my area on the market for 2 years. One has been empty for some time.

Someone, somewhere is paying a mortgage, rates and utilities on this property.

If they are waiting to see who will crack first - they'll stay waiting.

On my road there are 32 houses.

5 are for sale.

2 are To Let. (vacant)

We came to buy, but the rent was (slightly over) 1/3 of the prospective mortgage payments.

So guess what we did. ;)

Thats my direct action.

Anyways, I am inclined to think that this year will not pass without external events leaving a significant impression on the UK.

A bolder person might suggest that those who own houses have far more to lose than those who "only" rent.

And I dont mean just financially, either. :ph34r:

You don't live where I live. I am not trying to question your figures. I could have quoted similar stuff myself two years ago. But we seem to be through it here in the South East and the market is moving again - and prices are going up.

All I am saying is that in most cases your actions are not a choice - many young people have no choice. It is not an option whether to buy or rent.

I am not defending the police state we live in but she broke the law. An appalling law and typical of this control freaky government.

Anyway, it is clear you lot are not up for anything so I'll leave you to stew in your own juice.

Good luck.

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I'm yet to be a ftb and agree with Marina totally here.

We should do something and there's the rub. What can we do as a group of apathetic T.V. watching, aspirational do nothings. Yes that is what we are sold and too many of do not see the wood for the trees.

(By the way, I watch 6 hrs T.V. a week max. and feeel guilty for that - Match of the Day etc.)

We have a culture where we sit indoors and do not socialise or get together as a political force, and it ain't gonna change. Or as mentioned get so pissed (yep that was me) that the week is just a blur waiting for the next binge. What the hell was I and what are we doing to ourselves.

As a society I think we have a complete lack of moral guidance - when girls under 18 would rather a boob job than a degree it show an inherent problem with what we think about in life.

No moral guidance is big business and so there will be no promoted voice. Organised religion do not even say that war is bad when we need them, so there shows a massive lack of respect to human kind there. And by the way if God was omnipotent why did he give us free will and then choose to banish is to hell for eternity for our mistakes.

Anyway with all that is wrong in western life one can see how we are hated for our stupidity, greed and lack of direction outside profit.

We do need to be heard and I would like to see a system or figure to give it to us.

Failing that we could always start 'la resistance'.

We all have printers and could probably market the local pubs and get people talking within weeks if not days.

1000 members can shoot 5000 pubs in one night and we could use a common source for download and then print out 50 / 100 each.

We could also mail every newspaper and M.P.

Anyone want to start the plan then I'm in. If not give maybe I'll bother.

Apathetic to the last and sorry for it.

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I am not defending the police state we live in but she broke the law. An appalling law and typical of this control freaky government.

Cant you see the problem here??

And the contradiciton with what you were saying earlier?

Boy you really do smell the fear. As far as I know no-one has been prosecuted yet for a bit of peaceful protest. Have the Fathers 4 Justice guys disappeared in the night? You don't have to step out of line. Indeed you should not step out of line. One peaceful protest is all it takes to start raising the issue.
Edited by feltsorryfor

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I'm yet to be a ftb and agree with Marina totally here.

We should do something and there's the rub. What can we do as a group of apathetic T.V. watching, aspirational do nothings. Yes that is what we are sold and too many of do not see the wood for the trees.

(By the way, I watch 6 hrs T.V. a week max. and feeel guilty for that - Match of the Day etc.)

What can we do? Well, if prices are falling in some parts of the UK, we should publicise it. Among many other things it will show up the BS that house prices always go up as the BS that it is.

Billy Shears

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Boy, I wonder how we created you. You are the perfect prole. It seems 'greedy for us kids to sit on hyde park (corner - don't forge the corner - no good lying on the grass) purely to complain about money'.

heh - was just trying to justify why most of my peers wouldn't bother. I'm well up for a riot, and unimpressed that more people from my university turned up to the 'pro fox hunting' countryside march than the 'anti tuition fees' march (coachloads more, in fact)

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I've heard this one before - baby boomer bloke on skiing trip couldn't understand why there hadn't been a revolution by us young uns, what with the HPI, Pensions,Student Loans triple whammy

The baby boomer generation has it pretty good, with those at the top or middle of the pile mostly retiring on relatively fat final salary pensions after a fairly cushy working existence (yes I know there are exceptions, please don't post and tell me how you are about to retire and your equitable life policy is worthless) huge housing equity from properties bought for a few thousand and now likely owned outright, probably with a BTL or two bought when the kids when to uni back in 95.

Their children and grandchildren now face ever increasing taxes to pay for a healthcare and pension system they are never going to derive significant benefit from as part of a depleting working demographic. Continuously degrading working conditions and lengthening hours as competition from outsourcing and globalisation becomes evermore fierce. Spiraling commodity costs and multiple asset bubbles as the extravagance of the last few decades, which still continues today (flight to copenhagen for £0.99 anyone, or maybe a prepacked salad with leaves freshly freighted from from the Kenya, Portugal, Italy and the USA) begins to bite and previously third world nations start to emerge and strive towards similar 'standards' of living for their citizens as consumers.

Still, since no-one affected by these issues bothers to vote, possibly as their more 'interesting' alternative is watching big brother, reading heat magazine and buying more crap they don't really need, mainly to impress people they don't even like, paid for (or the debt partially paid off by) doing something they probably hate, having been well trained by the government and legions of marketing departments who are intent in tricking their little debt slave minds into consuming more and working longer to keep the great hampster wheel turning. The only part of the electorate who matter to the politicians (i.e. those who vote) are the very ones with it all to lose, I feel it is much more likely we will see the emergence of policies even more directed at maintaining their status quo (IMHO something likely to be superseded by the more pressing problem of growing global resource constraint issues).

Apologies for the diatribe, a combination of it being late at night and one too many glass of wine. I would also point out that the situation you find yourself in is the one you have to deal with (after all, you could quite easily have been born in somalia, where the price of a three bed semi and the probable impact of the US twin deficits are not likely foremost in your thoughts). Critically appraise the options open to you, decide why you believe what you do, be willing to re-evaluate as additional evidence comes to light and decide on the best course of action for yourself and those close to you. Additionally working hard has never turned out to be a negative factor on your ability to make the best of life

Personally speaking, I don't see a rosy resolution to the various/multiple imbalances and issues manifesting themselves in the world today within my lifetime. Whilst I would love to stay in the UK, with all it has to offer and the proximity to friends and family, I am increasingly of the opinion that I may well be better off saving as much as I can before staging a well timed emigratation (new zealand is topping the list at the moment) to live a much more sustainable life.

Edited by RobertPaulson

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What can we do? Well, if prices are falling in some parts of the UK, we should publicise it. Among many other things it will show up the BS that house prices always go up as the BS that it is.

Billy Shears

Let's get a thread started on this site and see what happens.

To begin with we have to get information out there. And there it also ends.

It's only an information issue as I see it so we have to let all people who hold an influence in this country know.

There's obviously the MP's, newpapers national or local who can be e-mailed and the everyday Joe.

If we could be bothered then it would happen. It would be so simple if we used this site for the news that we put out. We could even have monthly updates and mail them on through our address book.

There's a gauntlet out there for a cordinator type person.

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perhaps what we need is a fighting fund.Without cash to generate leaflets and even perhaps stamps to blitz certyain sectors we will get no-where.

Also we need a leader and fighting committee to co-ordinate action in a precise manner.

if say 1000 people gave say 5 pound each i estimate we would be able to do this.

print and post a brochure to every ea in the country all on the same day every single estate agency office would recieve one.

if we gave 10 pound each

we could do above + send the same leaflet to every member of parliment, every surveyor and every newspaper in the land.

so a simple fighting fund of 10k would achieve a one off impact.

purchasing our own lito press we could do this

cost of press 25k (second hand)

a4 paper folding machine cost 200 pounds will fold 4000 a4 sheets per hour to turn a4 ito a brochure

cost of paper 500 a4 for 1.69 pence delivered from viking direct so cost of paper for say 30 million leaflets

total paper cost buying such bulk we would get huge discounts on that price so i estimate 20k

total cost of ink estimate 10k

total cost of 30 million second class stamps class stamps = 600k

envelopes ect

so to send a letter to every single house in the uk and every buissness would cost est 800k cash

This would start the ball rolling like nothing else would, and all it take's is the price of 4 btl flats.No-one in the country could ignore such a campaign.

obviously we could set up delivery teams marking off areas on a giant central map as and when there leafletted but this just couldnt be done in one great splurge.

so were looking at 1000 doners giving 800 pounds each to do this.or multiples thereoff to achieve the ultimate blitz.

or perhaps we could get us a rich guy that would like to sponser us, thats got more money than he could ever spend in a life time and wants a bit of radical fun.

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so were looking at 1000 doners giving 800 pounds each to do this.or multiples thereoff to achieve the ultimate blitz.

why would a kebab give you money to send junk mail to estate agents?

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  • 301 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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