And about time to, lazy bas***ds

[cj_eds]

As said there's a whole generation (at the least) who've completely lost the definition between "need" and "want" and it drives the entire consumerism culture we now live in. Suddenly people 'need' Sky, a bigger TV, a new iPhone every year or a car that's not over 5 years old etc. Keeping up with the Jones's has never been so prevalent as it is these days.

I seem to remember on a similar thread on PH a while back someone posted a link to a newspaper article that said a a worrying large number of teenagers/high school/secondary school pupils thought a credit card never needed to be paid back. If you thought Blair & Brown's spending without repaying it policies were bad just wait until that younger generation get their hands on the books of big business and Whitehall.

And as for mortgages, we're so lucky to have the rates we do. The BoE simply can't afford to put the interest rates up a percentage or two because I bet it would bankrupt or make homeless half the home-owners in this country.

 

[marchantsuk]

Do people still do interest only mortgages!!!???

Wow. Rather them than me. I like to know I've paid for things and when i will have paid for them too.

And this is another point.....I am reasonably well educated, have a good managerial job in a company I was headhunted to set up and EVEN I have an interest only mortgage with NO repayment vehicle just because it allows me more cash to jizz on V8 Mercs and Z4's.

Strewth! If people like me who are working in the banks have that kind of attitude the Jeremy Kyleites have got no chance!

I work on the basis that 'something will crop up' and I go have a pension that 'may or may not' give a lump sum sufficent to clear the balance but in general I have literally no plan whatsoever!

In fact my mortage is 2.34% at the moment and I'm still too demoralised by the insummountable balance outstanding to even think about over paying because 'whats the point - I could be made redundant in a year and then the bank just gets all my equity anyway when they sell it at undervalue because its been repossessed'.

Maybe I've got it right but its my way of thinking that is creating a nation of people who are totally inadequately prepared for the future.



Granted the next mortgage i get will have to be repayment because I won't be able to get I/O.......until that time though

I don't fully agree, however this does not mean you are wrong. I was brought up in a house that didn't use credit cards. You save for something you want and only when you have the money do you buy it. Now I know that a mortgage is a different animal, but I worked hard to pay mine off in under 10 years.
I now own a £350k + house and have no mortgage. You know what it feels good, and no matter what happens to my job in the future, I know that someone in a bank head office cannot take it away.

 

[lacroupade]

As said there's a whole generation (at the least) who've completely lost the definition between "need" and "want" and it drives the entire consumerism culture we now live in. Suddenly people 'need' Sky, a bigger TV, a new iPhone every year or a car that's not over 5 years old etc. Keeping up with the Jones's has never been so prevalent as it is these days.

I seem to remember on a similar thread on PH a while back someone posted a link to a newspaper article that said a a worrying large number of teenagers/high school/secondary school pupils thought a credit card never needed to be paid back. If you thought Blair & Brown's spending without repaying it policies were bad just wait until that younger generation get their hands on the books of big business and Whitehall.

You done said it alright.

The current generation has ridiculous expectations and puts no value on material goods in that they take no care of them and always want/expect the latest and greatest at minimal cost or inconvenience.

Big business has driven this 'upgrade' buying pattern into popular culture, aided and abetted by the banks.....all these capitalist bastards have screwed the planet into a hole.

On the other side of the coin, who brought them up like that? Yes folks, it was US.

And I just leave you with this thought....at the rate we are currently using up raw materials on our throwaway consumerist society, how long before future generations run out of the most basic resources and we end up running 'mining' operations on what were corporation rubbish tips? Think on.

 

[RidgyDidge]

I wrote a massive diatribe for this thread, and then realised all I would say is, if you want something in life, you have to earn it, money, respect, love, they all have to be earned.

And for those who despair of todays youth, I would say I know many youngsters who are hard working credits to society, it's just that because they are busy working and not moaning, they don't get much press.

Well said that man.


Sent from my iPad

 

[Ricey01]

Do people still do interest only mortgages!!!???

Wow. Rather them than me. I like to know I've paid for things and when i will have paid for them too.

And this is another point.....I am reasonably well educated, have a good managerial job in a company I was headhunted to set up and EVEN I have an interest only mortgage with NO repayment vehicle just because it allows me more cash to jizz on V8 Mercs and Z4's.

Strewth! If people like me who are working in the banks have that kind of attitude the Jeremy Kyleites have got no chance!

I work on the basis that 'something will crop up' and I go have a pension that 'may or may not' give a lump sum sufficent to clear the balance but in general I have literally no plan whatsoever!

In fact my mortage is 2.34% at the moment and I'm still too demoralised by the insummountable balance outstanding to even think about over paying because 'whats the point - I could be made redundant in a year and then the bank just gets all my equity anyway when they sell it at undervalue because its been repossessed'.

Maybe I've got it right but its my way of thinking that is creating a nation of people who are totally inadequately prepared for the future.



Granted the next mortgage i get will have to be repayment because I won't be able to get I/O.......until that time though

I don't fully agree, however this does not mean you are wrong. I was brought up in a house that didn't use credit cards. You save for something you want and only when you have the money do you buy it. Now I know that a mortgage is a different animal, but I worked hard to pay mine off in under 10 years.
I now own a £350k + house and have no mortgage. You know what it feels good, and no matter what happens to my job in the future, I know that someone in a bank head office cannot take it away.

As this is the Internet I can't convey that I'm not arguing ......but I'm not!

What don't you agree with just out of interest? I was pretty much brought up the same and aside from the mortgage I don't really bother with credit either (has the odd car loan but never had a credit card).

The mortgage is just beyond me though......the figure is too high to even contemplate repaying in the next 5 years and thats the period I'm most likely to be made redundant.

 

[john56]

Well we had capitalism with Maggy Thatcher wiping out all the old tin bashing industries and blue collar workers, that put millions on the dole, %15 interests rates and houses being repossessed, then we had socialism with Tony Blair and his cronies, or was it capitalism, anyway he went on spending spree for the NHS and welfare system, which he could not afford, created thousands of unnecessary public sector jobs and gave carte blanche to the banks and lending companies, "Oh" and signed up to the European Human Rights Treaty,
between them, they have completely fecked the country and ruined the lives of many working class people.
So, come the next election who are you going to vote for? well, as usual there is only to choices, both will do as they told by the banks and big business.
Democracy!! what democracy .
Anyone got a better idea??

 

[JaEdBa]

"Oh" and signed up to the European Human Rights Treaty,

given who he was married to, was this any great surprise?

realistically, given her profession and chosen area of specialism, i'd contend there was a serious conflict of interests in the power dynamc whilst blair was at the helm.

 

[Bing]

After reading all the way through this, I am with drshemming. You have to earn anything good in life, unless you are very lucky, and it is very easy to piss it all away if you're not a bit canny. This country has lost something since even I was a kid, and I am not ancient - there's an apathy to some sections of society that is at total odds to thei expectation of what they 'should' have and the state 'owes' them.

You know why our parents and their parents had a different ethos though ? 2 world wars, millions - entire generations - killed, and the simple fact the everybody had to be a apart of 'the effort', and very, very few people had anything more valuable than their ration card. I am not saying the bad old days were better, and I don't know what the solution is, if there is one... But as was said somewhere else above we are very lucky in our society that we have the safety net of state support - it's just that few appreciate it, and many take it for granted without earning the right to do so.

Someone mentioned national service above too - I am a cautious fan of this, especially given the manner in which the current government is just throwing our nations armed forces away. But mostly because of the fact it will take young people off the streets, pay them a wage, instill a sense of responsibility and respect in them, and perhaps, just perhaps, motivate them to better themselves, under their own steam.

It's hard to respond to an entire thread so complex as this, so I just figured I would share some of my thoughts.

 

[Bumpy]

Those who can't defend themselves are always the first to be attacked.
And unfortunately they are the least able to defend themselves,
especially from all the popular myths and half truths that the media often sensationalizes.
I wasn't raised like this ,
and I certainly didn't raise my children like this.

 

[RidgyDidge]

IMHO if people are able to take advantage of the system, any system, then the system is at fault not the people.

There will always be those that try and cheat the system, whether they be dole cheats, tax dodgers, drug peddlers...the list is endless.

The best you can hope to do is create systems that are as fair and reasonable as possible, and that are at the same time robust enough to withstand the efforts of the law breakers.

Sounds so easy... ;-)