#121

People are so weird about talking about money.
I am currently saving and have £10k. My cousins bought houses last year to which my nan helped and gave the same amount to me but its in a savings I can’t see so I have no clue how much it is and my parents won’t tel me so I have no idea how much to roughly save.
I am also buying with my bf who owns half a house with his brother. But they had help from their parents and their other brother.
So I’m basically very confused. I think I need about £20k on my own so I’m halfway there and looking to buy in March 2018.

In an ideal world, I’d LOVE to buy a house without any help from my parents cause I’m one of those people who never ever borrows money from their parents and I like to be independent.
BUT I’d much rather take their money than move back in with them to save up FUCK THAT.

1 Like
#122

For keeping score, of course!

#123

We direct it at individuals with buy-to-let properties, we direct is at individuals who campaign against any new housing in their area, we direct it at individuals who vote to protect their pension but screw over the generations below, we direct it at individuals who vote for parties that increase tuition fees, we direct it at the individuals who are the ones making the decisions, because they are all the same group.

#124

idk, maybe there’s more to life than acquiring the pesto, you know?

2 Likes
#125

I think that question needs to be turned around; Should there be a point in financially bettering yourself beyond a certain point (beyond the “keeping score” factor that drives the 0.1%)? If not, where should that point lie?

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#126

This is exactly what I am talking about, people believe that success has nothing to do with luck or circumstance. Do you think its ok that the miners lost there jobs, or they get paid less bcos they don’t work as hard as banker? or they didn’t have the foresight to go into IT? Using your reasoning everyone should be paid the same. I agree things could be adjusted to make it fairer but not 100% inheritance tax.

#127

Divide and conquer, innit.

5 Likes
#128

See my post below. The housing market crisis is a direct result of policies designed to appease the home-owning baby boomers, and they’re fine with that.

#129

My wife’s gran died and the money she left us paid for our fees and moving costs (£5k I recall). We saved the other £60k ourselves, but it took a decade, living on jackets potatoes, cutting back on buying stuff, a redundancy payout and a few promotions at work.

It’s not easy…

1 Like
#130

@marckee

#131

bugduv was directing his at quite a few people in this thread (going on the first poll) who don’t fit into any of those categories.

#132

I don’t think that everyone should be paid the same, no.

It’s the difference in equity v equality. The latter doesn’t erase the privilege that exists.

You can seek to actively mitigate the effects and influence of privilege, and inheritance tax is a major way of doing that.

#133

My post was meant to highlight that the bank-of-mum-and-dad is run by, and for, the same people.

1 Like
#134

The former, while leading a communist revolution.

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#135

Bought at the bottom of the market in 2009 paying £215k with a £125k mortgage.

Of the 90k difference, £5k was an interest free loan from mum (since repaid), roughly £70-75k was my share of inheritance from my aunt (inherited quite a bit less, but it had been earning very good rates of interest for a couple of years thanks to much that time being before the banking crisis) and the rest made up from my own savings; made easier by paying a low rate of rent while living at home with parents (would estimate I was saving £3-400 a month from that alone) and the fact that I’m working in a well paid industry.

Make no bones about it - I’m well aware of my privilege & luck (I bought at least 5 years before any of my school friends were able to even think about it and we were largely a middle-class bunch of kids), but I’m not ashamed of taking advantage of that fortune to buy a home for myself given the state of housing provision in this country.

2 Likes
#136

Your looking at privilege in a very one dimensional form as it suits you to look at it this way as you haven’t benefited from this particular advantage.

#137

But the baby boomers’ children, who are benefiting from the bank of mum and dad, aren’t the same people. If they need parental assistance they are unlikely to own buy-to-let properties. Many of them will be Labour voters, most of them will feel pretty politically powerless and disenfranchised. Yet they’re still Tory scum who are part of the problem?

In fact, they might be setting themselves up for a fall by buying into an overheated property market. They have a lot to risk from a house price “correction”.

#138

not saying people are necessarily guilty of this here, but I do love it when folk pay lip service to ideals like distributive justice, you know, love the NHS and the prospect of eradicating homelessness. but when you bring up something like this or higher taxation, its like, ‘nah m9 just wanna look after mine’.

#139

If you’ve read my posts on here, you’ll know that this isn’t true at all.

#140

^tory cunt.

(safety wink)

1 Like