[DouglasS]

Originally Posted by parmnion

That's not really what I meant.. what I mean is, a lot of young people today dont see the need or need the need to move out of mum and dads house until they become financially stable in thier mid to late 20s.

Even then, for some they would rather just sit alone playing games in their darkened rooms and pay dig money to their parents, rather than think about starting families and buying houses.

Its different times. To many luxuries at mums house for many to want to move out.

Happy to say I moved out at 18 and grafted

[Marsh.]

Originally Posted by Cherie

https://www.theguardian.com/money/20...d-crisis-bites

the fantasy bank of Mum and Dad in action

early one in four home purchases this year will be backed by the “bank of mum and dad” – up from fewer than one in five in 2019 – as buyers struggle with the economic fallout from the Covid-19 crisis.

Financial help provided by the bank of mum and dad, encompassing parents, grandparents, other family and friends, will be a driving force behind the recovery of Britain’s housing market. Those able to assist will lend an average of £20,000 towards a deposit on a home, said researchers from insurer Legal & General (L&G) and economics consultancy Cebr.

.... of homebuyers.

You were claiming everyone was just hanging on mummy and daddy. Even the article states that when it does happen it's due to economic problems. And that's the proportion who have parents who can help, many do not.

Stating today's generation just want to scrounge is a wildly different point.

[parmnion]

Originally Posted by Dezzy

Glenn was right, this is boomerish as hell.

People don't stay at home because they 'don't see the need' it's because they can't and that line about gaming is up there with typical boomer responses like 'Well, they'd be able to afford houses if they didn't buy so much Starbucks and Avacados!!!'

People would be buying their own homes if they could, the truth is that it's simply not as much of an option for most as it was back in the 80's.

People do stay at home because they dont see the need.

I dont know any lazy avocado eaters, and certainly not many who stay at home under mums roof, most will be out striving to make a living.

People are buying their own houses, or at least borrowing from mum and dad to buy!

Boomer..you can stick your fancy borrowed phrases right up your jacket as far as I'm concerned, I'm 51 dezzy..I've heard it all already.

[DouglasS]

Weird how this forum claims to be so tolerant and progressive, yet are so blatantly and actively ageist

[Cherie]

Originally Posted by Marsh.

.... of homebuyers.

You were claiming everyone was just hanging on mummy and daddy. Even the article states that when it does happen it's due to economic problems. And that's the proportion who have parents who can help, many do not.

Stating today's generation just want to scrounge is a wildly different point.

Show me where I sad that?

As per my post has been deliberately misinterpreted, I never said anything about hanging on any one, what I said is the alot of the current generation will benefit from equity growth in property bought by their parents, previous generations haven’t had that luxury. Where did I say anything about scrounging, stop gaslighting

[Cherie]

Originally Posted by DouglasS

Weird how this forum claims to be so tolerant and progressive, yet are so blatantly and actively ageist

Tolerant ha ha

[Marsh.]

Originally Posted by Cherie

Show me where I sad that?

As per my post has been deliberately misinterpreted, I never said anything about hanging on any one, what I said is the alot of the current generation will benefit from equity growth in property bought by their parents, previous generations haven’t had that luxury. Where did I say anything about scrounging, stop gaslighting

Gaslighting.

I didn't say you mentioned scrounging, that was a general observation of the entire conversation in the thread.

[Cherie]

Originally Posted by Marsh.

Gaslighting.

I didn't say you mentioned scrounging, that was a general observation of the entire conversation in the thread.

why mention it in your response to me then, it had nothing to do with what I posted and neither had hanging on to Mummy and Daddy. If you wanted to make a scrounging point don't quote me when I said nothing of the sort.

You might think the little working class people can't see an opportunity of a rising property market to help their kids or better than lives but I don't, there are lots and lots of intelligent working class people out there who have bettered themselves and their kids along the way, sorry if that doesn't suit you but it is a fact.

[Marsh.]

Originally Posted by Cherie

why mention it in your response to me then, it had nothing to do with what I posted and neither had hanging on to Mummy and Daddy. If you wanted to make a scrounging point don't quote me when I said nothing of the sort.

I'll type what I like thanks. If I want to quote you to reply to you and also include references to the entire thread, I will do that (the separate paragraph should have helped you there). Sorry.

Originally Posted by Cherie

You might think the little working class people can't see an opportunity of a rising property market to help their kids or better than lives but I don't, there are lots and lots of intelligent working class people out there who have bettered themselves and their kids along the way, sorry if that doesn't suit you but it is a fact.

Erm, who said any of this?

Nobody mentioned "little" working class people, nobody said parents don't want to help their kids live better lives, nobody said working class people aren't intelligent. We're talking about people who CAN'T just ask mum and dad for a loan, or financial aid. Conflating that as though I said they "aren't intelligent enough to do it" or don't want to do it is just a dumb interpretation.

You tried to write people off as unwilling to put the work in because mum and dad have money and it's just a ludicrous twisting of the lucky people who actually have the means to do that. And then using it as a blanket statement to apply to everyone. Many don't. But you know that.

[arista]

[arista]

[arista]

[arista]

[arista]

[Marsh.]

Just watched Boris versus Starmer...

[Toy Soldier]

Originally Posted by Cherie

the other thing more prevalent now is the bank of Mum and Dad

there was no bank back in the day ...sigh

kids now benefit from their parents buying their properties either in their lifetime or when the parents sadly die

Such a generalisation Cherie.

In the late 80’s My wife’s parents were helped to buy their first home by both of their sets of parents in their early 20’s and traded up and up through the property booms of the 90's and early 00’s.

In 1983 my own maternal grandmother sold my parents her 4 bedroom house at a fraction of market value when my sister was born (they were in their mid 20’s), asking only the cost of the one-bed bungalow she was moving to.

My parents got divorced and sold up everything, my mum is already dead and my dad has no solo assets left and a much younger wife so I’ll get nowt when he does die.

My wife’s parents are only 15 years older than me so we're likely to be pushing retirement by the time we inherit anything from that side.

Yes we’re doing well at this point but literally every penny is ours. To suggest that “the bank of mum and dad” is new and available to all, or that it didn’t exist for anyone in the 80’s, is just not true. We were extremely poor in our early to mid 20’s and got no help at all. Both of our sets of parents got heaps of help.

[Cherie]

Originally Posted by Toy Soldier

Such a generalisation Cherie.

In the late 80’s My wife’s parents were helped to buy their first home by both of their sets of parents in their early 20’s and traded up and up through the property booms of the 90's and early 00’s.

In 1983 my own maternal grandmother sold my parents her 4 bedroom house at a fraction of market value when my sister was born (they were in their mid 20’s), asking only the cost of the one-bed bungalow she was moving to.

My parents got divorced and sold up everything, my mum is already dead and my dad has no solo assets left and a much younger wife so I’ll get nowt when he does die.

My wife’s parents are only 15 years older than me so we're likely to be pushing retirement by the time we inherit anything from that side.

Yes we’re doing well at this point but literally every penny is ours. To suggest that “the bank of mum and dad” is new and available to all, or that it didn’t exist for anyone in the 80’s, is just not true. We were extremely poor in our early to mid 20’s and got no help at all. Both of our sets of parents got heaps of help.

I never said it was available to all...I said it was more prevalent these days borne out by facts and figures, there are even whole websites dedicated to it


https://www.familybuildingsociety.co...rch-and-guides


Bank of Mum and Dad
It's now quite common for young people, and particularly first time buyers, to receive a contribution from parents or other family members to help with a house purchase. With the need to provide ever increasing deposits, the Bank of Mum and Dad is now busier than ever.

The Bank of Mum and Dad is one of the UK's biggest mortgage lenders but how does it really work?


Of course there will be people who got help back in the day but it was not the norm, and there was clearly a push to buy especially among the working class particularly when social housing was sold off

People can release built up equity in their property in various ways so there are ways for parents to help if they are in a position to do so without dying!

[arista]

Originally Posted by Marsh.

Just watched Boris versus Starmer...

Yes he lost his Temper
at Starmer

[Livia]

Good old Kier, snapping at the heels of the PM, repeating gossip, worrying about the cost of a pot of paint. I wish he'd get back to rebuilding his ruined party so when Covid finally ends they're not a still a bit joke.

[Kazanne]

Originally Posted by Livia

Good old Kier, snapping at the heels of the PM, repeating gossip, worrying about the cost of a pot of paint. I wish he'd get back to rebuilding his ruined party so when Covid finally ends they're not a still a bit joke.

he never has any solutions does he ?

[Livia]

Originally Posted by Kazanne

he never has any solutions does he ?

No he doesn't, but if I had to think of something positive to say... well... his hair is always nicely combed.

[Kazanne]

Originally Posted by Livia

No he doesn't, but if I had to think of something positive to say... well... his hair is always nicely combed.

Well there is that, maybe that's what Boris is doing wrong

[Toy Soldier]

Originally Posted by Cherie

It's now quite common for young people, and particularly first time buyers, to receive a contribution from parents or other family members to help with a house purchase. With the need to provide ever increasing deposits, the Bank of Mum and Dad is now busier than ever.

Can I point out that the bit in bold is not mainly because parents have more money available to help now... it's mainly because it is so much harder to do it without help. Average house prices were something like 3 to 4x average income in the 80's, now they're 10x average income. 5% deposits were introduced because so few people could realistically save 10% of the huge asking prices. Parent=guarantor mortgages were developed because so many young people have had their credit ratings (which did not even exist in the same way 30 years ago) utterly destroyed by persistent debt.

You've taken the "more people get loans from their parents" and taken it as a given that the reason for that is there being more help abundantly available from parents - rather than considering that it might be because more people NEED that help and can't obtain enough finance without it.

[Livia]

I was talking about buying houses with my Mum yesterday. When she and my Dad married they lived with my Great Grandmother for a few years. They were both in fairly low paid jobs and didn't actually own a house until they retired, like many working class people of their generation. They did save for a deposit at one time and went without every luxury to do so.

[joeysteele]

Originally Posted by arista

Yes he lost his Temper
at Starmer

As was said on TV this morning even by Lord Archer, there's a blast from the past and another one.
However he stated, Starmer was really clever in how he put his questions yesterday.


Which got this deceitful PM really rattled.

With even more to come as to how he set up and phrased his questioning.

The PM acted like someone really caught out.
Starmer isn't my choice however yesterday he cleverly and competently prepared his questioning, with putting one point in abeyance for a later time.
Where this PM may then be left with no wriggle room whatsoever.

The Con hardliners may think Johnson did good yesterday.
In my view, they've a probable big shock coming.
I believe people like Peston who are credible, know their sources are valid and very reliable.
The PM has stated no to saying a serious statement.
Starmer was not JUST on about decorating, he raised other issues too.
Including the more serious one for me personally.

That NO, may, in the future, ( since Starmer said he'd leave it there FOR NOW), and I hope it does, signal the end to this professional deceiver's career.