Yes, blind patriotism, we need more of that!
Westminster Politics
- Thread starter altodevil
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Yes, blind patriotism, we need more of that!
That account was extremely deceptive. They would often make inflammatory BREAKING headlines by taking out of context a small piece at a bottom of an article as if that were the entirety of the article itself. They knew most people wouldn't actually read the link. Journalists who wrote the articles have commented on this before.
I can’t wait until we outnumber the boomers politically. What a bunch of absolute cnuts these Tory MP’s are.
Ah, Rosindell. He's like a homophobic Farage. He's also responsible for this pile of shite;
I'll never understand British nationalism. I mean, Britain is just objectively a bit shit, isn't it?
Yes that’s gonna heat homes in the winter or pay for kids meals.
everything in Tory land is made better by a bit of clapping or good old fashioned flag waving
I think it’s actually great in some ways, just not the ways the nationalists imagine it to be.
Except by then you will be old, and the new young will have principles and ideas you cannot now conceive of.
You're in a doomed generation Pex, politically fecked from both ends.
Nah. The boomer generation had advantages and benefits that the generations below will never have access to, they’ve pulled the ladder up behind them and wealth and home ownership is now far more concentrated than ever before and it’s only getting worse.Except by then you will be old, and the new young will have principles and ideas you cannot now conceive of.
You're in a doomed generation Pex, politically fecked from both ends.
As such, I really don’t think we are going to see the same economical conservatism from millennials and below. I’m terms of cultural conservatism, many things which boomers see as progressive, millennials and below think of as completely normal.
Probably the same will happen when millennials are older and when same with gen alpha and then with whatever comes two generations after alpha
You think zoomers are going to go from understanding the complexities of gender and thinking absolutely nothing of it to saying “two genders mate. Adam and Eve”?
As a so called Boomer, I completely disagree that our generation had advantage and benefits later generations did not.
Examples:
Unemployment. This was very high during the 1970's typically being 10%.
House prices. When we were buying our first house, mortgage availably was very low. We had to save with a Building Society and when their allocation ran out, we had to reapply month after month after month. During that time, the price of the house went up by over 50%.
Inflation. This was up to 15%. And I had to work nights and weekends just to pay for the monthly mortgage. And we had to put off having children for a few years.
I would like to know what were those advantages you are referring to?
Reminds me of my FIL. London fireman by day, bouncer, painter, etc by nighttime and days off, just to make ends meet, and this was from living out of London in Kent
You're a clued up guy I'm fairly sure you know the figures.
Adjusted wage growth has been on a decline since the 70s but it's the 2010 period that screwed a generation as the drop was substantial and has barely recovered.
Then the house price to wage ratio has risen dramatically since the mid 90s ruling out housing as feasible for many in the above generation that were also hit by recession induced wage stagflation. If they can they're stuck with a huge mortgage over longer periods than ever so more interest and a later retirement age.
I can never understand why boomers have to try and win some sort of competition on this. When we're talking societal level your own experiences don't really come in to it. It's not a personal slight that discredits any personal hardships of your own.
I see my MP has been dog whistling to his audience again re: this statue bollocks...
State of it.
State of it.
If interest rates shoot up its going to make a big difference - but for sure outside of london the actual % of take home pay that a mortgage costs has not had that drastic a change
House price to wage ratio has for sure shot up - I see pwople are now offering a 7X wage mortgage... when before 2.5X was about the max... but due to the low interest rates the actual real important figure of % of take home pay has remained fairly constant (at least outside london)... the big issues would come if there was a sudden and sustained interest rate rise
though as Ive just fixed for 30 years then yeah fine whatever bring it on
I agree on both counts. Spending more than a little bit of time on this forum though (even though I also indulge I'm not going to lie), you'd be forgiven for thinking it is an utterly unrivalled cesspit.
law and order tories, wanting less of the law and more of the order.
Not objectively, utterly and totally.
I think they want something akin to 2000AD
@Buster15
Tell them about living through the ending of rationing.
As a four year old, I clearly remember getting a pack of chocolate biscuits in 1950 from my paternal Grandmother, to celebrate the final WW2 rationing lifted on chocolate biscuits, treacle, jellies and mincemeat... amongst other things.
However I still lived in a two up two down terraced house, until I was eighteen, no bathroom (used slipper baths at local Swimming pool) and an outside loo (in the back yard) brrrr... it was dam cold in winter, made sure you didn't linger too long!!
Helping my dad make a new fire each morning, riddling out the ashes, again cold as refrigerator, although really we didn't know what that was, until a Yank moved into the big house at the end of the street and used to give us to give lollies from his 'ice-box'.
However I was one of the lucky ones that got called into the offices (located over Burtons the Tailors Shop on the High Street) in 1960 of the new Youth Employment Service, who eventually helped me find work at 15 as an engineering apprentice after I'd been walking around company after company knocking on doors and asking 'give us a job' for six months! The pay was £2.3s.6d per week!
I am sure that at sometime in my life I experienced something better than what todays kids get... but it just escapes me for the moment, must be my age!
The lack of wage growth has obviously offset the benefit of zero interest rates, while inflation, though low until recently over the last decade, has still nibbled away.
If interest rates shoot up its going to make a big difference - but for sure outside of london the actual % of take home pay that a mortgage costs has not had that drastic a change
House price to wage ratio has for sure shot up - I see pwople are now offering a 7X wage mortgage... when before 2.5X was about the max... but due to the low interest rates the actual real important figure of % of take home pay has remained fairly constant (at least outside london)... the big issues would come if there was a sudden and sustained interest rate rise
though as Ive just fixed for 30 years then yeah fine whatever bring it on
You'd need to factor in income tax rates as well.
Who knows how future generations will view things. Yours and my generation is set inherit the expensive boomer properties, which will fuel further resentment down the chain.
If its take home pay then income tax rates are taken into account (as is national insurance)
tax free allowances were lower in 1980s and 1990s also tax rates were generally higher but as we are looking at net pay the impact here would be on gross pay therefore loan to salary ratio which as I say has been pretty much absorbed by lenders almost tripling that figure
as such when you look at % of net pay on mortgage payments this has remained (london excluded fairly consistent and certainly now isnt dramatically diferent from the mid 1980s for example.
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I missed that it's take home pay. The % of net pay on payments may not have changed much, but the loan to salary ratios are eye-watering. People are more leveraged up now with the amount of credit available, meaning many are very susceptible to rising interest rates.
Average yearly wage 1970: £1,664
Average house price 1970: £4,975
Average yearly wage 2010: £25,882
Average house price 2010: £167,469
Gosh yeah, I wonder why people complain about Boomer privilege..
Average house price 1970: £4,975
Average yearly wage 2010: £25,882
Average house price 2010: £167,469
Gosh yeah, I wonder why people complain about Boomer privilege..
If interest rates shoot up its going to make a big difference - but for sure outside of london the actual % of take home pay that a mortgage costs has not had that drastic a change
House price to wage ratio has for sure shot up - I see pwople are now offering a 7X wage mortgage... when before 2.5X was about the max... but due to the low interest rates the actual real important figure of % of take home pay has remained fairly constant (at least outside london)... the big issues would come if there was a sudden and sustained interest rate rise
though as Ive just fixed for 30 years then yeah fine whatever bring it on
Yeah I'm not disputing mortgage payments were in a crisis state for a short while but that really doesn't compare to the issue of salary vs house prices which is 2 decades now and won't end anytime soon. If interest rates do rocket many will be fecked.
The millenials are losing out firstly on having to rent for so long to save up a deposit. Rents over the last decade alone have shot up. I can't find charts for a longer period but I'd expect renting is far more expensive these days than any period and good luck with council property.
When they do finally get on the property ladder they're looking at a hugely expensive property and interest having to be paid. Longer mortgage periods and an ever increasing age of paying off the mortgage are factors too.
Despite all that (and i skipped over less disposable income) you wouldn't find many millennials who would want to be born in a prior decade so it's obviously not all bad.
I will add it's not even as far back as boomers. Those in their 40s now had the opportunity of cheap mortgages and credit. I've several mates who loaded up on properties and have benefited with rent and asset inflation.
It's just getting worse for younger generations really. Depressing really.
It's just getting worse for younger generations really. Depressing really.
They say you get more right leaning as you get older. I've not, but maybe those not tuned into politics detail do.
So the millennials become boomers and the cycle continues...
Yes but we used to shit on the commonwealth from a great height. We then built them railways so it's OK, apparently.
All sounds so familiar.
How many kids nowadays do a morning paper round. That after making up the fire. Then an evening paper round and another on Sunday morning.
Having ice on the inside of my bedroom window.
When we eventually bought our first house, we had a cooker, fridge, black and white TV, bed and a single settee. That was it.
But I don't begrudge the current generation at all. Good luck to them.
But please don't try to tell me that 'you had it easy'
Yet another incorrect generalisation my friend. I and most of my family have and will never vote Tory.
When do you think that the Trades Unions were at their strongest.
EDIT.
It is the current generation apathy and failing to vote that has allowed the Tories to do what they are doing.
Try looking at interest rates...
This thread has turned into the Four Yorkshiremen sketch….
Yes thats the risk... though I'm sure the government is aware of that and will make sure the bank of England is given targets that are likley to see low long term interests
You can currently get sub 3% fixed interest for 30 years on some mortgages in UK so that's pretty good I think. (Subject to criteria etc as with most mortgages)
Yeah but it's much better now...
Average yearly wage 2021: £31,285
Average house price 2021: £269,945
...ah feck. Anyone got a box for sale?!
So average salary of couple = 62k... 4x salary (can get more but most main lenders use 4)= 248k
10% deposit = 27k
Total = 275k... should just about cover the stamp duty and conveyancing fees as well
Oh look that seems about right then
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Easy to save 27k this day and age. Easy.
Or house prices used to be roughly 3x average annual salary.
Now it's nearly 9x average annual salary.
"Chicken feed"
Edit, just to add, these "averages" are likely the median. Would be interesting, and arguably more representative to look at the mode.
Or most people used to have one wage winner now they have two so it used to be 3 and a bit times family income now its just under 4 times but interest rates have lowered meaning the net% of wages cost of a mortgage is still about the same
Also factor in that typically you would only get a mortgage of 2.5x salary in 1970s so would have had to save up a bigger deposit
https://www.sosmartmoney.co.uk/blog...that-2291ave-changed-since-30-years-ago-2291/
You would need about 66% of your annual salary as a deposit to make up the shortfall
Now you require around less than 50% of salary as deposit