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Quote from: River Don on March 22, 2021, 02:06:14 pmI don't think Billy Idol really sums up our generation that well.No, the song that really did sum it up was Ghost Town by The Specials.So Generation Ghost Town AKA The Special Generation.Wasn't he in Generation X?The Specials had some good records. I liked Gangsters and Rat race.
I don't think Billy Idol really sums up our generation that well.No, the song that really did sum it up was Ghost Town by The Specials.So Generation Ghost Town AKA The Special Generation.
Don't see many challenges for the 'yoof' today. It's too easy for them to play an 'ism' card.
When the numbers are finally put together especially the census and the vaccination numbers, that should indicate where we are, and just how many people are outside the system and don't exist or are claiming off the state while not being in this country. That is where the biggest fraud is taking place, the reason why ID cards are needed. This pandemic and the vaccination roll out and the traceability of who have had the vaccine should be used in conjunction with medical records of those not having the vaccine combined with the census to have a massive shake out of the benefit system and who is claiming fraudulently.
Billy, the people to blame for house prices going up are solicitors and estate agents, the first house I bought in 1968 their fees were banded so much for lets say up to £1000 then up in stages but banded and prices had risen very slowly since the end oif the war. Then they hitched their prices to a percentage of the selling price and bingo gave themselves a good rise every year. Building materials have not risen at the same rate or wages compared with land and houses forced up by estate agents and solicitors.
And follow my logic Hound.How much was that interest payment as a percentage of your take home pay by 1985? And even more importantly, by the time inflation had eaten into it, what was the capital sum you had borrowed as a ratio of your salary? That is my pointConversely, look at today's situation. Assume someone on £20k per year, wants to buy a house at £180k which is way under the average price. On £20k income, assuming zero pension contributions and zero student loan, you're taking home £1400 per month. Let's assume this person has somehow managed to put away £20k for a deposit on the mortgage.The best fixed rate mortgage you can get on that is £800 per month. Or about 58% of take home pay. Granted, that does include paying off the capital too (although i suspect you did rather well out of the endowment policy, with the tax giveaways that it included, no?). But my main point is that in an era of very low inflation and pretty much stagnant pay rises, that £800 per month remains a millstone for many, many years. Whereas I suspect the crippling amount you were paying per month in 1974 was less than you'd had spent on a decent night out for the family in 1990. Right?
I haven't a clue Wilts, and am not that bothered , I read many years ago that the Duke of Westminster said "never sell property lease it" thought it was a good idea and it has stood me in good stead.
Oh aye. Not to mention the amount of this inheritance that seems to be going into caravan holidays...
Except that for the most part, that inheritance (if it survives care home fees) will go to people who are 60-odd years old already. It doesn't help the 25 year olds who are saddled with tuition fee debt, unable to buy a house and deprived of decent pension provision.
No Wilts I am not that bothered at all, it is what it is and you can moralise all you want you will just get angrier because you can't do anything about it. But being in the company of people involved in legal transfers of property in the late 60's and early 70's I know the way the market price was manipulated to their advantage, where as before that they got a fixed price instead of a percentage of the selling price. Every price rise was an equivalent wage rise for them.