AIBU to feel there is a lack of hope for this generation?

[floridapalmtree]

Is there any hope for this generation?

My daughter has worked hard through school achieving good exam results. Studied hard at university to get a degree, worked during a placement year. Started work and is working long hours. Living in London paying most of her salary on rent, bills and basic living. Not earning enough to save much each month. It seems impossible to buy a property or start a family. We have encouraged her to work hard to achieve a better life but she is tired, stressed and has little hope for the future. Unless there is a large family injection of cash I can't see how this generation can progress towards a decent life.

@ronfa

I couldn't afford to live bit of UK I grew up in never mind London.

Think of the many Londoners who are born there.

Really not sure why Londoners need more considering that other bits of the UK population.

Thery'e not only ones driven out by rising prices and they can do thrive in other bits of the UK - I know this as we've met many who moved and said were much happier and had a better quality of lifestyle.

[quote madisonbridges]@CurlyhairedAssassin
What are you talking about...That's cos equality laws were shit and women couldn't get a mortgage in their own right ? 😂😂😂😂 It was the 1970s/80s not the 1870s.[/quote]
Women were often refused mortgages in their own right way into the 1970s and 1980s. I'm not sure why you think that's funny, but a quick google would have saved you looking quite so silly.

It wasn't until the end of the 1980s that married women were taxed as individuals - up til then they were taxed based on their husband's tax code.

@madisonbridges No I didn't say people should only move to European countries with high house prices & ageing populations.

@inferiorCatSlave they don't need any more consideration but often they are left out of the conversation. Lots of people moan about their areas getting too expensive because "londoners" are moving to it but many of those londoners will have been priced out.

@Naughtynovembertree

Op I know what you mean because it's so incredibly hard to get in the housing ladder BUT... In my dp day, they started out living in the front room of their family when married, or got a caravan, or a bed sit.

Now people expect to go from uni into fully fledged flash flats.
Maybe they need to lower expectations.

Yes, but then they probably married when they were early 20s, which is no different to the age that many people these days are flat or house sharing becuase that's all they can afford. Difference now is that those people still having to flat share in their 20s are probably highly educated, graduates, many in fairly well-paid jobs. Had that been the case years ago then they wouldn't have been sharing with their parents for very long.

@Naughtynovembertree

Op I know what you mean because it's so incredibly hard to get in the housing ladder BUT... In my dp day, they started out living in the front room of their family when married, or got a caravan, or a bed sit.

Now people expect to go from uni into fully fledged flash flats.
Maybe they need to lower expectations.

I'm not sure about expecting to go into a "fully fledged flash flat", but given I've been living in a houseshare for the 12 years since I graduated I don't think you could call me demanding.

Frankly now I'm approaching my mid-30s I'd just like more than one room to live in and a fridge I don't have to share with other people.

London’s always been expensive. I remember young single friends, graduates in their starter jobs, living in London in the ‘80s, sharing a twin-bedded room and having to go through their landlady’s kitchen to get to the bathroom.

London’s always been expensive.

Has it? My parents were poor immigrants who came to London & lived in areas with lots of immigrants because it was cheap. I was born in the 80s, lots of my neighbours, school friends had only 1 parent working. To buy in these areas now you need to be doing very well.

Really not sure why Londoners need more considering that other bits of the UK population.

Thery'e not only ones driven out by rising prices and they can do thrive in other bits of the UK - I know this as we've met many who moved and said were much happier and had a better quality of lifestyle.

What a load of complete tosh and you know it.

Two thirds of all of England's homeless families are in London.

This is in no small part because of people from across the UK coming to London for the, as a pp put out, 'London experience' - therefore pricing out Londoners.

Priced out Londoners are socially cleansed to other parts of the UK. Sent away from family, community, and support networks. These are vulnerable people. Families, the disabled, survivors of domestic abuse, the mentally unwell. At a time when they most need support networks they'll sent away from them.

And it's not as if they'll get the same tolerant welcome people get from Londoners. Oh no. Not only are they priced out but they also have to contend with small minded insular locals who talk the ill informed shit in the post I'm quoting.

With no irony, locals elsewhere moan about 'floods' of priced out Londoners pricing them out....

Londoners have been done over by successive governments for decades.

In response to the person who said marry someone rich in IT or banking and work two jobs to buy a flat wow this is such demoralising and unrealistic advice that can often lead to being pretty unhappy. Some of the most unhappy people I know have an unhealthy attitude towards money and have done just as you advise, it hasn’t lead to happy marriages. It can be pretty hard to meet the right life partner especially if they all need to be wealthy.

@Lockheart.
Women were often refused mortgages in their own right way into the 1970s and 1980s. I'm not sure why you think that's funny, but a quick google would have saved you looking quite so silly.

I bought my own house on a quite low wage as a charity worker in my early 20s. In a small northern town. I had to get proof from my employer of my wage. I used an ordinary building society. Nothing out of the ordinary. I had other friends who did the same with no problem. There was no law, as Curly says, forbidding women to get a mortgage. You're ridiculous to suggest otherwise and that suggestion dies make me laugh. How many women do you know, with adequate funds, got turned down for a mortgage?

Good point @Tealightsandd about the social cleansing.

[quote ronfa]@inferiorCatSlave they don't need any more consideration but often they are left out of the conversation. Lots of people moan about their areas getting too expensive because "londoners" are moving to it but many of those londoners will have been priced out. [/quote]
I didn't moan about"londoners" in my post.

I lterally said I and many I grew up with can't afford to live in bits of UK we grew up in never mind more expensive areas like London and your reponse was Londener's have it worse .

@inferiorCatSlave I highlighted your post & made a wider point, I wasn't replying to your post. People do moan about Londoners pricing locals out.

I never accused you of moaning 🤷🏻‍♀️

[quote ronfa]@madisonbridges No I didn't say people should only move to European countries with high house prices & ageing populations. [/quote]
Then why mention your children have European passports if not intending to move to Europe? A British passport will get you into non eu countries just as well.

[quote madisonbridges]@Lockheart.
Women were often refused mortgages in their own right way into the 1970s and 1980s. I'm not sure why you think that's funny, but a quick google would have saved you looking quite so silly.

I bought my own house on a quite low wage as a charity worker in my early 20s. In a small northern town. I had to get proof from my employer of my wage. I used an ordinary building society. Nothing out of the ordinary. I had other friends who did the same with no problem. There was no law, as Curly says, forbidding women to get a mortgage. You're ridiculous to suggest otherwise and that suggestion dies make me laugh. How many women do you know, with adequate funds, got turned down for a mortgage?[/quote]
I'm not making a suggestion, it's a documented historical fact that women were routinely refused mortgages until the 1970s and 1980s.

www.theguardian.com/money/2004/apr/18/womenandmoney.observercashsection

www.standard.co.uk/hp/front/women-lead-mortgage-revolution-6948626.html

Things like the Equal Pay Act didn't come into force until the 1970s.

and I never said Londoners had it worst.

And the Help to Buy schemes discriminate against Londoners too. If not discriminate, certainly add to their disadvantage.

Many have 'local' priority rules. Now that's no good in London because even with so called affordable prices, it's still way above any kind of affordability for the majority. Add in the fact that they have to compete with non locals having the 'London experience' - staying in London for 5, 10, 15 years or so before fucking off back home (to be welcomed as a returning local) or moving elsewhere.

Meanwhile outside of London, there are many very affordable HTB opportunities....For those with 'local priority'.

Non Londoners get to have their cake and eat it. Use London for the 'experience' - contributing to the housing emergency there, but also getting to fuck off home to take advantage of their 'local priority' when it comes to buying.

Londoners who need to stay close to family (including for child care), community, and support networks are at a very significant disadvantage and have been for years.

So, to recap. Your daughter had the benefit of a good education. She has a job, and she’s able to afford to live in an exciting city, and can even save a small amount.

You write as if she’s not long out of university.

If she’s scraping by with no career prospects aged 35, YANBU.

If she’s in a job, saving and is at the start of her career, aged 24, YABU.

Tealightsandd you have a massive chip.

Londoners get more spend for education and public transport than m,ost other parts of the UK - www.statista.com/statistics/381745/education-expenditure-per-pupil-england-region-uk/ ;www.bbc.co.uk/news/uk-england-50592261

This gets dismissed by Londeners becuase they don't live with the dispartity but it's why leveling up gets tracion in other parts of the UK - though it actally happening is another matter.

I haven't said the London doens't have a housing criss - it's had one since I was a child - but it's not the only part of the UK that does. Frankly many of us have had to move - or face long commutes - and idea that it doesn't matter cause Londeners have it worse but can't be expected to move like rest of us - well .

[quote ronfa]@inferiorCatSlave I highlighted your post & made a wider point, I wasn't replying to your post. People do moan about Londoners pricing locals out. [/quote]
Yes the absolute hypocrites, who think nothing of coming to London to price out Londoners, do indeed give it their insular double standard best moaning when the Londoners they priced out have to move to 'their' areas.

[quote madisonbridges]@Lockheart.
Women were often refused mortgages in their own right way into the 1970s and 1980s. I'm not sure why you think that's funny, but a quick google would have saved you looking quite so silly.

I bought my own house on a quite low wage as a charity worker in my early 20s. In a small northern town. I had to get proof from my employer of my wage. I used an ordinary building society. Nothing out of the ordinary. I had other friends who did the same with no problem. There was no law, as Curly says, forbidding women to get a mortgage. You're ridiculous to suggest otherwise and that suggestion dies make me laugh. How many women do you know, with adequate funds, got turned down for a mortgage?[/quote]
I didn't say there were laws forbidding women to get a mortgage, I don't think? I said that equality laws were shit and women couldn't get a mortgage in their own right. They are two different statements but the first fed into the second. Pay was not equal, and this had an impact on affordability checks for women buying property on their own. Women were also expected to have a male guarantor.

@madisonbridges I think you are confused.

I said I would encourage young people to emigrate, which I would & to a number of countries. Different individuals will have different needs.

I am pleased my dc have European passports as this will make it easier for them to live & work in Europe.

Not all European countries have ageing populations.

Personally I think the first thing you dd needs is a job she loves. It's all very well getting a big house and a sugar daddy, but the most important thing is enjoy those long working hours