Quote:
Originally Posted by Sephiroth
Your point of view that "boomers" have voted for policies that have preferred their interest is totally disingenuous. Parties at the helm have changed hands so many times and that's because none of them deliver their policies, except possibly Thatcher.
|
There are loads of policies aimed at boomers. The whole method of addressing the problem with house prices by essentially getting the government to underwrite homes (Help to Buy, the soon-to-be 95% mortgages backed by the government) is to make sure they don't let houses prices fall by increasing supply.
The average price of homes since 1970 has gone from an average 4x salary to 8x.
What would actually help people buy homes is bringing that average down. Banks won't lend that ratio. However the risk of negative equirty plus people who view homes as a investment mean that's not going to happen anytime soon.
It's ridiculous the current Government's policy is to underwrite more housing debt.
Quote:
|
Of course current conditions have been influenced by politics - bad politics. And now those thieves want to tap the hard working socio-economic group born not too long after WW2.
|
How do they want to tap into it?
The Government has aimed most of their cuts at younger people whereas the biggest increase in benefits was aimed at pensoners with the triple-lock. The money isn't coming from that generation.
Nothing will either, it's a big voting block so I wouldn't worry so much about it.