Generation rent

[Corky]

Why does that make you feel better you oddball?

Schadenfreude.

 

[Blue Hefner]

What happens when all these renters stop earning I.e get into their 60s and 70s?

Housing benefit doesn’t cover it, are we to kick them out on the street?

 

[brooklandsblue2.0]

Schadenfreude.

“Schadenfreude is a complex emotion, where rather than feeling sympathy towards someone's misfortune, schadenfreude evokes joyful feelings that take pleasure from watching someone fail”

Let me know when I fail yeah. Thnx

 

[Corky]

No problem chief. I won't need to though.

 

[crooky]

What happens when all these renters stop earning I.e get into their 60s and 70s?

Housing benefit doesn’t cover it, are we to kick them out on the street?

It’s going to be a huge issue and I’m guessing the reason why the government is forcing people to put more in their pensions now.

 

[peoffrey]

Yeah but you don’t have to live in London. My lad has a house, average income, girlfriend part time work, two kids. A lot of his mates don’t because there priorities are different. My only concern is pension poverty a lot will have to rely on inheritance.

It depends what you do. I’m in the charity sector and almost all the good jobs are in the capital. You could say the same for banking too.

 

[Djibrilshairdo]

What happens when all these renters stop earning I.e get into their 60s and 70s?

Housing benefit doesn’t cover it, are we to kick them out on the street?

Will be as-you-were for the renters are not and have never earned. And they’ll get a free tv licence.

 

[brooklandsblue2.0]

It’s going to be a huge issue and I’m guessing the reason why the government is forcing people to put more in their pensions now.

One would hope they’re putting some away. Although I’d not choose a pension!

 

[Stoned Rose]

It seems to me a lot of the younger generation want everything at the same time, house ,fancy car going out every weekend dropping a few hundred quid a time. I live in oldham yep I know a shit hole, however you can pick a terrace up hollinwood, Failsworth and even royton for anywhere between £80-130k, rent from £500-700, damn my old 4 bedroom (new build 12years ago) rents for £700 and 10 mins walk to the tram. If you are paying £1000+ for rent you need your head feeling. Go further out suck it up for a few years get a shitter car instead of blowing on a lease Audi or Merc.
In a few years you could’ve saved up a decent wedge to then get maybe near an area you want, it doesn’t help all the property investors buying up stuff but the size of the flats in the city centre and the price to be perfectly honest you need your head feeling to buy one anyway.

@BlueHammer85

 

[johnnytapia]

In the town I live in, doubt you can get a house cheaper than $300,000
Where are the 16 year olds going to be living in 10 years time?

Moston

 

[BlueHammer85]

@BlueHammer85

Fair enough. I’m London/south east.
London pays well , so for those working there they rent there which is at least 1k for even a bedroom. They can rent further out but then paying the equivalent in travel. So it’s more of a trap down south for many.
Obviously there’s always exceptions to the rule.

 

[crooky]

One would hope they’re putting some away. Although I’d not choose a pension!

Very hard for some. Ignoring all the nonsense that every one under the age of 35 has the latest iPhone, the biggest OLED TV etc there’s lots of people in poverty that sadly can’t afford to save anything.

What would you choose out of interest? Most options seem rubbish at the moment.

 

[brooklandsblue2.0]

Very hard for some. Ignoring all the nonsense that every one under the age of 35 has the latest iPhone, the biggest OLED TV etc there’s lots of people in poverty that sadly can’t afford to save anything.

What would you choose out of interest? Most options seem rubbish at the moment.

In what context?

 

[peoffrey]

Fair enough. I’m London/south east.
London pays well , so for those working there they rent there which is at least 1k for even a bedroom. They can rent further out but then paying the equivalent in travel. So it’s more of a trap down south for many.
Obviously there’s always exceptions to the rule.

It depends on where you want to live. East End or South East is more like £600 for a room in a two bed / three bed share.

A few friends are Airbnb hosts. I stop with a lad in Droylsden from time to time.

 

[denislawsbackheel]

One would hope they’re putting some away. Although I’d not choose a pension!

Then you'd be a dickhead.

 

[brooklandsblue]

Then you'd be a dickhead.

Yeah you crack on, clown.

 

[Blue Mist]

Then you'd be a dickhead.

No he is right, the number of frauds, scams going on is amazing, then and on poor returns from private pension fund providers, it is a minefield. The Government has shifted the responsibility to the private sector who have little knowledge of a very complex market. Yes clearly you need to save (if you can) but a pension is not a sure fire way.

 

[mancityvstoke]

London .... all these knife murders yet they’re all loaded paying high rents .... something doesn’t add up

 

[Gareth Barry Conlon]

No he is right, the number of frauds, scams going on is amazing, then and on poor returns from private pension fund providers, it is a minefield. The Government has shifted the responsibility to the private sector who have little knowledge of a very complex market. Yes clearly you need to save (if you can) but a pension is not a sure fire way.

The tax treatment of pensions does make it a slam dunk to be honest. If you have capacity to save then that is the best return but it is tied up. Anything you do on your own bat outside a pension is after tax paid on your wages and then you paty tax on the returns. I would recomend to anyone that they pay as much in to there pension as they can.

 

[Gareth Barry Conlon]

London .... all these knife murders yet they’re all loaded paying high rents .... something doesn’t add up

There is a question of where you are willing to live. My first house, bought when i was circa 28, was not in the best area by a long way. I have friends that rented at the same time in decent areas and they are still there now - renting. A lot of it comes down to life choices.