[Sephiroth]

Originally Posted by tweetiepooh

My parents' endowments did make enough to clear the mortgage with some to spare and while they did have high rates the level was also quite low compared to how my dad's income eventually increased - not always easy though.

I started my "endowments" before I bought my first house and thankfully my wife had inherited money so when we did move we didn't need to increase our borrowing. We also switched to a repayment mortgage as it became clear the endowment would fall short though eventually one did hit target and while the other didn't we could still pay off mortgage and have enough to renew my car and a bit more.

I would hate to think of starting off these days as prices are so much above earnings.

But I don't think it's just the boomers hogging the houses but investment companies, sometimes overseas, who own large amounts of property and they won't be as affected by downturn in population.

Please don't take this rebuke from me as personal to you.
But the term "boomers" is offensive. It's a category, emphasised by people such as David Willetts as being a valid target for wealth taxes. (https://www.politicshome.com/news/ar...minister-warns). Also that loser Javid took a pop at people born in the 40s and 50s. Disgraceful - we elect those idiots.

Here are the facts (on matters of fairness) that these idiots choose to ignore:

1. That generation rebuilt the population following WW2;

2. That generation worked hard, paid their taxes and bought their houses;

3. At the end of their working lives, it was obvious and reasonable that they'd have gained wealth;

4. To be essentially blamed by politicians for being alive is disgraceful;

5. It is the policies of successive governments that have brought us to the position of ridiculous house prices.

People of my generation should not be labelled otherwise we might have to add a "B" to BAME and that would be the final insult.