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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think these baby boomers are missing the point?

999 replies

Hundredacrewoods · 28/01/2018 08:55

I grew up in an area where house prices have quadrupled since 2000. I consider this an intergenerational equity issue. Whenever the topic of house prices and 'millennials' comes up with my parents' generation, all I hear is how hard they worked and how much they sacrificed to get on the property ladder. AIBU to think that they're missing the point? No one is denying that they worked hard and sacrificed. The point is that if they worked just as hard today, and made the same sacrifices, it wouldn't be anywhere near enough.

OP posts:
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PancakeInMaBelly · 28/01/2018 18:07

FWIW my mother and grandmother were ALWAYS on their phones. DH says so were his DM and GM.
They were landlines. And they weren't free either.

The80sweregreat · 28/01/2018 18:16

Pancake - that’s all true as well.

PersonAtHome · 28/01/2018 18:16

I haven't read all the thread but have read enough to get irritated by people blaming people for having phones or coffees or whatever. Why not just take a look at the actual facts:

In 1975 my Dad (a civil servant) made a huge stretch financially to buy a dilapidated Victorian semi detached in the South East. The cost was £12,000. This was 3 x his salary of £4000. Yes he struggled, they ate baked beans from the tin, no luxuries etc etc. Probably rats and general all round horror and sacrifice.

In 1914 I bought a house in the same town, also a dilapidated Victorian semi. The cost was £458,000. Divide that by 3 and that would require a salary of £152,000.

In the above example it is obvious that the person in my dad's position (31 year old civil servant) today would not be able to afford the house he could afford because house prices have risen so stupidly that normal people in the South East can no longer afford to buy them.

Baby boomers DID struggle, they ate beans, they were poor, but as a result of their sacrifices they were able to get houses that then earned them hundreds of thousands of pounds of house equity.

Young people today can choose to eat beans and sacrifice just as much but they will NEVER EVER be able to afford the same opportunity to make hundreds of thousands of pounds of house equity.

So have some empathy please baby boomers. You had it good. It's not your fault you had it good but you did have it good.

PancakeInMaBelly · 28/01/2018 18:23

From the point of view of the BBs I know, they all have smart phones now , which almost all of them bought with an expensive contract or a big price tag for a high street phone shop (which nobody my age would ever set foot in). They get sold pricey phones and assume every one else has paid similar for Their smart phones

Their children (us) buy Chinese smart phones or reconditioned or last season's phone on sale for a third/quarter of the price. And are less likely to be in rip off contracts.

But again, they won't hear/believe us if we tell them we do not spend much on phones....

The80sweregreat · 28/01/2018 18:27

Personathone. I agree. Now I wish some of the posters on here would all read it and understand what your saying is true. You put it really well.

PancakeInMaBelly · 28/01/2018 18:36

Also their smart phones are luxuries to them

To us they're necessities
DCs school is coinless: all trip/dinner money has to go online etc.

They "went without" smart phones ( cough cough spent hours on their landlines instead cough) in a time when the world was set up for paper/real money etc

purits · 28/01/2018 18:37

So you would be an idiot to buy a shut flat you hated in the hope it 'll springboard you to something better in 5 yrs time. Those days are gone.

So we are back to millennials saying "I wouldn't live there."

Young people today ...will NEVER EVER be able to afford the same opportunity to make hundreds of thousands of pounds of house equity.

Why are you so desperate to buy then? If it's overpriced and will not appreciate in value then why do you want to buy.

hattyhighlighter · 28/01/2018 18:39

presumably to have somewhere permanent to live purits Confused

The80sweregreat · 28/01/2018 18:39

Baby boomers used to drink and smoke. It was more acceptable then of course. That was all ‘dead ‘ money.

PersonAtHome · 28/01/2018 18:41

Obviously I meant 2014 not 1914. I didn't go back in time to buy my house.

The80sweregreat · 28/01/2018 18:42

PersonSmile

The80sweregreat · 28/01/2018 18:48

This is turning into a ‘benefits v non benefits’ thread. Similar themes. The govt want us all at war to stop us seeing the bigger picture I think. I still maintain it’s sad that it’s come to this situation. Despite the ones that ‘don’t save - spend money on coffee and are too picky’ etc etc.

PersonAtHome · 28/01/2018 18:49

Purits I don't think it's unreasonable to want the same thing my parents wanted - a home, somewhere to live that is owned by me and not a landlord.

It's very wrong that we have gone backwards and baby boomers' children can't afford the same homes their parents could afford.

Buying a home shouldn't be some kind of age-based lottery. Born in 1946 win win, born in 1980s onwards lose lose.

It's not just house prices but university costs as well (free for all those baby boomers).

I don't really get why anyone, baby boomer or otherwise, wouldn't want houses to cost the same for everyone.

If I was a baby boomer I'd feel very angry that my children and grandchildren couldn't afford the same housing that I could afford because it is a fundamental societal inequality.

malificent7 · 28/01/2018 18:50

Yanbu

Take my dad. Worked hard all his life but walked into a teaching job without qualifications in a private school with cushty bonuses.
Bought a 3 bed semi with mum for 25,000 but did it up beautifully ...massive garden .
We did go on annual or biannual holidays ...sometimes abroad albiet camping.
We never ate just beans. Mum also worked . We often had expensive ready meals and we were sent to private school( a damaging experience but that's another thread!)

Mum died 5 years ago and now dad has gf. She gas a house and gas a mortgage. Both retired and living a good life.

Fair enough ....they gave worked hard and deserve it's comments directed at me that hurt.
Dad simply refuses to acknowledge my struggles.
I am struggling to find a permanent contract as a teacher. Most contracts are fixed term. I can hardly cope with the modern workload of teaching and have had several breakdiwns.
Yet my dad blames me for not having a permanent job and keeps telling me to work 'like everyone else has to.'
Er...i walk two jobs.

He also cheerfully tells me that noone can afford to buy a house nowadays. He had a massive inheritance from his mum and could help me on the ladder but he chooses not to as ge thinks im lazy.

Also criticizes my spending but turns his nose up at Lidls where i shop. He thinks that i get loads of money in benefits and dosnt get that i am living hand to mouth and cant save for a mortgage.

He also sneers at me for being a single mum....i cant even afford to moove in with my dp let alone save for a mortgage.

I could go on and on but when him and his gf were smug that i get up at 6 to go out to work whilst they sleep in till 10 and go on umpteen holidays per year....yes i do lack symoathy for boomers completely...Because they sure as hell cant see my generation's point of view.Angry

malificent7 · 28/01/2018 18:51

I work two jobs sorry

PersonAtHome · 28/01/2018 18:51

But maybe the reason baby boomers seem to lack empathy, understanding and anger at the situation is because they're made to feel defensive, like they're being blamed for the current house prices.

The80sweregreat · 28/01/2018 18:52

I am angry. But I can’t do a lot about it. That makes me angrier. Then people tell me not to sympathise!

malificent7 · 28/01/2018 18:54

Oh and he voted Brexit/ Tories...boils my piss!

Issues ...moi? Love him really! Xx

The80sweregreat · 28/01/2018 18:55

We are not ‘blaming ‘ the B B’s. Some understanding might help though.
Malificent. I am sorry. I would be proud of you! Your doing your best/ working hard. I hope things improve for you.

PersonAtHome · 28/01/2018 18:56

malificent7 just to clarify that comment wasn't as a response to yours, I was adding it as a kind of ps to my last post (I hadn't seen yours when I posted).

Your dad sounds very unsympathetic.

FaFoutis · 28/01/2018 18:57

I can't see anyone on this thread blaming them for their good fortune. If the bb are getting defensive it is because they are not listening.

The80sweregreat · 28/01/2018 18:58

Malificent. Your dad sounds awful.i just don’t get this at all.

PersonAtHome · 28/01/2018 19:08

Hope everyone reads my previous post as well as the one where I mention the blaming thing! I was just idly wondering why they can't seem to get what the problem is when it's so bloody obvious and thinking of possible reasons for such blinkered thinking.

Oliversmumsarmy · 28/01/2018 19:12

In 1975 my Dad (a civil servant) made a huge stretch financially to buy a dilapidated Victorian semi detached in the South East. The cost was £12,000. This was 3 x his salary of £4000

£4000 was a huge salary. Probably the equivalent of £150000.

In 1979 dp was a qualified professional on £1800 per annum and I came out with £80 per month.

FaFoutis · 28/01/2018 19:12

I wonder if part of it is because of education Person.