TO think Millennials need to get their act together and

[brownmouse]

Form a political party:

• stop Brexit
• prioritise housing
• impose at least 50% tax on all inheritance
• impose second home taxes

And other stuff. But they should be IN CHARGE now. They need to rise up and sort things out.

I keep telling my DC but they are too busy on instagram. AIBU?

@MinecraftHolmes

I think it depends on the are you are buying in. For example you can purchase a 3 bedroom home in our area that needs no renevatio for about £150k and a doer upper which we bought £90k - £140ish k.

So our social circle many our based houses with less than a 10k deposit which they just saved.

Obviously if your in a area where housing prices are massive help is going to be needed. But I'd rather get help than spend my life paying someone else's mortgage.

I'm a Millenial and I own (with mortgage) my home and myself and DH had no financial assistance to buy it (or any at all since we left our respective homes at 18). But we live in a part of the country where, 6 years ago anyway, it was possible to buy a small house for just over £100k. A friend of mine who's the same age and lives in the SE is looking at spending three times that for a similar house. That does seem completely un-doable (& I wonder who is living in the bigger houses, when even a small 3 bed is £300-350k?) without major assistance (her DH is from a well off family...).

nervousnails That's impressive! What kind of jobs are you in? What % of your income goes on mortgage?

Sorry for the most questions, I'm just interested in seeing it from the other side as I live in a cheap part of the country.

nosy*

I am a millennial, your policy’s get a big no from me. If I were to move back to the UK I would want my taxes substantially reduced. With a lot less government involvement in my life.

There is absolutely no way we would be home owners if our families did not help us. And we bought about two decades ago. We were very grateful.

Agree except no rich kid inherits on death
They are given the money on going while the parents are alive to avoid inheritance tax

Property gets transferred waaaaay before, normally during childhood so no capital gains etc.

Nervousnails that means that you and all your friends are earning at least 100k pa, which is not remotely average. Average earnings in my town are around 19k pp.

@nosleeptill2030, My DH and I are on a household income of £100k plus (ours is the cheapest house at 350k). 3 of our friends are on £55k, 2 on £60k and 2 on £75k. All household incomes.

hold up, 50% inheritance tax?

For a generation that may never own our own homes as it is?

Now there's a policy to make no one vote for your imaginary party....

Fucking Millennial values and traits apply to the namby pamby snowflake generation born 2000 onward in my view. Not to 80's/90's kids that actually have a bit of nous about them.

I agree with you!!!

nervousnails

you move in very different circles to me . The average UK salary is £27k so apart from your friends on the £55k household income you're all much better off than average. (Not a criticism, just that it's still hard for people on average incomes, let alone below average, to buy in expensive parts of the UK.)

I don't really think it is millennials who are super fucked anyway - it is the current generation who are graduating with £50k uni debt and shitty job prospects (gen Z?)

Millennials are like age 30 and with senior positions at work... I don't recognise the snowflake generation in millennials

New Zealand has just banned property sales to overseas buyers. Similar here would free much property in London and SE but would also cause prices to fall. Whats your preference? More available housing or watching values drop?

Nervousnails: I'm not sure I believe you. How can a couple with a 55k income have a 650k house with no parental help? It doesn't add up.

serbska I agree. I graduated in 2006 and whilst I and a lot of my friends didn't get the "graduate jobs" we hoped for we did all quickly find jobs (& didn't have huge debt). Now it seems like any work is hard to get!

Longwayoff: I think that's brilliant. Of course house prices have to fall. Why would anyone argue against that?

Why should people who pay tax and work 10 hour days, plus one or two hours or more travelling, and the expense incurred just going to work, have to pay 50% tax on earnings. What incentive does that give when in most cases they would be better off claiming housing benefit and child credits etc.

Of course, all the problems the country faces are now the fault of us Millenials, and we need to sort it out...

Not sure all the left wing steps brownmouse suggests will sort it out though...

brownmouse

People who'd be in negative equity.

There is a huge discrepancy between gross salary and net salary once deductions for income tax, NI and pension contributions are taken

Blessthekids i lurv you! It's nice to know people care to actually do something. it's cheered me up after reading all the other mills on the thread are buying house

self pity

Millennials are the generational demographic cohort following Generation X. There are no precise dates for when this cohort starts or ends; demographers and researchers typically use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years

Many millenials are just starting families or working all hours to just get by or have longer commutes than older groups due to house prices.

They are outnumbered by over 65s who are also much more time rich.

This is important in politics. It affects representation and political involvment.

Its not something that is purely about apathy; it also relates to how much actual free time each demograph has and what they invest their free time in.

If you have a young family, then your priority for what little time you do have, is much more likely to be something relating to your children, rather than politics.

This also has a particularly acute affect on women. Women who have young children are one of the most under represented groups out there. There are more women getting into politics, but those women who do get into politics don't tend to be in this group.

It frustrates me as this is rarely talked about. Instead we get a lot of shit about younger people not caring or liking fucking avocados too much. And even if they did care, it wouldn't necessarily make any difference purely because of numbers.

British politics at the moment is a farce across the board. Too many people missing the root of problems and too few people taking responsibility for the huge problems that are being created and will explode with horrific consequences in the near future.

Brexit is the issue that people are most aware of. The total collaspe of local government services - most notably social care and child services and the total collaspe of the NHS are very much on the horizon in the near future.

Brexit is just the start of a really desparate time for many in this country. A lot of issues at local government level were blamed on the EU (and this showed up in voting patterns for the ref). Those chickens will have to also come home to roost at some point.

Also note:

A investigation into how much tax v benefits millenials v baby boomers will get across their life times is very telling.

The group with the largest voting power - baby boomers get a net benefit.
Millenials get a net deficiet.

Thats popularism in a nutshell tbh.