The boomers ate all the avocados
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Alternatively, it means he/she won't have a decent pension, but did get to buy a cheap house.
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Maybe in 30 years the Millennials will overwhelmingly vote Tory. People generally look out for their best interests and all that ideology of youth goes on the back burner if it doesn't work for them.
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Labour are going to walk it. Apparently 67% of boomers are going to vote against Conservative.
And as Pross pointed out, it was boomers who voted Blair. Your time will come.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
The point, that is the political divide and it's about what each side wants out of the country right?
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Who cares? Labour will be in charge. They will decide. Your hobby horse is irrelevant.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
I think it's vitally important, as I think the success or failure of Labour will be orientated around unpicking the mess the gerontocratic lot have made in the last 15 years. Largely the "housing theory of everything" but also addressing the fact that looking after the elderly in the way we do it now is going to be unsustainable.
I also think, up until now, the boomers have always been, collectively, on the winning side of the political argument.
I am curious to see how the political world and the real world changes as a result.
This is the political backdrop against which everything else happens.
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Meh.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
One could make the case they have been on the winning side as they are more poltically engaged and actually vote.
Under 40's vote in far lower proportions than over 60's. Politicians in general tend to make policy decisions based on voter demands. They aren't going to court your vote if you don't cast it.
If younger generations want governments to make policy that benefits them, they need to get involved and use their voting power in far greater numbers.
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Maybe it will help create a 'buzz' in other cities (I can only read the first line). Contrary to popular belief there is actually life and culture outside London - shocking I know!
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I don't read that and think I want to live in Cambridge.
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Yeah I must say the Peckham comparision was not as flattering as I'd have expected.
Mill Road is where all the independent restaurants are. From noodle shops with authentic looking queues to North African etc.
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That's fine, but house prices seem steep.
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What's an authentic looking queue?
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Chinese students queuing out the door day in day out for the local Chinese noodle place - that’s the Chinese you want to be going to
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Ah, gotcha.
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Most people would read any comparison with Peckham and stay well clear.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I mean, it was definitely the place to avoid as a middle class kid if you didn't want to be beaten up (wrong side of the tracks) but that's where the professional high earning young families can afford now.
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That's hardly a new thing though. Places go in cycles like that. Notting Hill is an obvious example. I doubt rich politicians and signers would have lived there in the 1960s or 70s. Brixton is becoming similar as are places in other cities such as St Pauls in Bristol.
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The more things change, the more they remain the same.
"Peckham became popular as a wealthy residential area by the 16th century and by the 18th century the area was a more commercial centre that engrossed industrialists who wanted to steer clear of paying the high-priced rent in central London."
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
It's millennials with all their unearned gains depriving zoomers of housing.
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I have bought one property in my life. It's worth about what I paid for it, so I'm basically a zoomer.
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Sure. It's just not enough housebuilding. There is a lot about, but the stuff within the confines of the greenbelt is just still so expensive and then you have schlep out miles to get to the next developments because of the sodding greenbelt.
Where are the academics supposed to live? I genuinely don't know how they do it.
I agree it's ridiculous I've added more to my wealth by just living in the house I bought with a mortgage rather than earning it working.
For the amount of equity I've paid in over the course of the ownership, the value has gone up roughly 1.5x. Ridiclous.
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I posted the above a couple of days ago and am genuinely interested if anyone can provide any examples
Wilier Izoard XP0 -
We ultimately conclude, from both theory and empirical evidence, that adding new homes moderates price increases and therefore makes housing more affordable to low- and moderate-income families. We argue further that there are additional reasons to be concerned about inadequate supply response and assess the evidence on those effects of limiting supply, including preventing workers from moving to areas with growing job opportunities. Finally, we conclude by emphasizing that new market-rate housing is necessary but not sufficient. Government intervention is critical to ensure that supply is added at prices affordable to a range of incomes.
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Of course not. Developers will sell at market value.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
I used to live in Camberwell in the late 80s and early 90s.
There's a reason why Peckham is still relatively affordable...
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
So, "moderating price increases" wouldn't seem to be doing the trick. If its too much at £400K, it will be too much at an increase over £400K, however moderate.
Similarly, PB's comment that they are sold at the market rate does not fill me with confidence that building more houses is the answer to unaffordable housing.
Wilier Izoard XP0
