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The most indebted generation are those born between 1945 and 1963. These have been the victims of the Dot.com bust and the long series of HPC's that began in the early 1970's. This generation has the largest mortgages and hence the most debt. The younger generations owe less by way of mortgages but more by way of unsecured debt.

When the next crash hits bottom there are going to be people accross the age spectrum standing before the Trustees in Bankruptcy.

Who will escape? People who own their houses outright--a small minority and most of those are well over the age of the 1945-63 generation.

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Hmm, I am aghast at his conclusion. He mentions HPI in his article but concludes that financial education is what is needed. Maybe he is suggesting that an educated youth would not have pushed HPI to the heights it is now. But since we all know that FTBs make up a tiny portion of the market nowadays, he is way off the mark.

No, what is needed is an HPC and fast.

NDL

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I certainly wont be partaking in any role to envelop myself in debt to prop up house prices and security of my elders.

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No, what is needed is an HPC and fast.

Well, it appears we're moving that way with Global Interest Rates on the up. It's what the world needs to give those who are cavalier with debt a big kick in their complacency.

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Well, it appears we're moving that way with Global Interest Rates on the up. It's what the world needs to give those who are cavalier with debt a big kick in their complacency.

Freds got his DM's on already...

raydm01.jpg

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licenced resurant. licenced taxi. licenced lettings.

that is your best signature for a long time RFD. do keep it.

how's the love life going BTW? met any decent totty? do we need to set up a "let's find RFD a life-mate" thread in off-topic?

but there is also an extra "ta" in "restaurant"...

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I dont care what anyone says, multi-culturalism has stripped the heart outta british society.

Weve just created a country of ghettos

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that is your best signature for a long time RFD. do keep it.

how's the love life going BTW? met any decent totty? do we need to set up a "let's find RFD a life-mate" thread in off-topic?

but there is also an extra "ta" in "restaurant"...

i ran it through a spell checker and every word was wrong. ta.

no luck yet. ill have to settle for internet porn and a lifesized cardboard promotional figure of pandora from the daz adverts with a hole poked in it.

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no luck yet. ill have to settle for internet porn and a lifesized cardboard promotional figure of pandora from the daz adverts with a hole poked in it.
:lol:

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The most indebted generation are those born between 1945 and 1963. These have been the victims of the Dot.com bust and the long series of HPC's that began in the early 1970's. This generation has the largest mortgages and hence the most debt. The younger generations owe less by way of mortgages but more by way of unsecured debt.

When the next crash hits bottom there are going to be people accross the age spectrum standing before the Trustees in Bankruptcy.

Who will escape? People who own their houses outright--a small minority and most of those are well over the age of the 1945-63 generation.

Your claims don't seem to ring very true. Everyone I know born between '45 and '55 has paid off their mortgage (pretty small sample size though). It makes sense as they would generally have bought initially over 25 years ago, and even the debt taken on in their most recent trade-up say 10 years ago is likely to have been inflated away by now.

You mentioned the dotcom bust -- it might bugger up your savings, but how does it put you in debt?

frugalista

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make that 3 holes. im in the mood to party....

If you really want to push the boat out with the lady dont forget to dig out your Razzel collection!

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  • 302 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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