observer Posted March 15, 2011 Report Share Posted March 15, 2011 Seems young tax-payers are in for a shock, as the baby boomers reach retirement age and age related benefits and services take the strain - increasing public spending despite the current cuts. Quote Link to comment Share on other sites More sharing options...
fugtifino Posted March 16, 2011 Report Share Posted March 16, 2011 This might help to balance things out a little: http://www.warrington.gov.uk/home/news/first_time_buyers_helped/ Quote Link to comment Share on other sites More sharing options...
Dizzy Posted March 16, 2011 Report Share Posted March 16, 2011 I don't get it Where will the council get the money from to top up people's deposits and how do the people pay it back to them ? Quote Link to comment Share on other sites More sharing options...
observer Posted March 16, 2011 Author Report Share Posted March 16, 2011 The tax-payer - and I don't think they'll get it back, niether do I think young couples will still afford mortgage repayments in an insecure future. Quote Link to comment Share on other sites More sharing options...
silverlady54 Posted March 16, 2011 Report Share Posted March 16, 2011 The tax-payer - and I don't think they'll get it back, niether do I think young couples will still afford mortgage repayments in an insecure future. True. I have recently read that a lot of people are dreading the interest rates rising because they could only just about afford their mortgages in the first place. A case of 'Must have it now and worry about the future when it comes!' It is worrying that there will be a huge number of repossessions by the end of the year if this is really the case. On the bright side it might be good for the housing market! Quote Link to comment Share on other sites More sharing options...
observer Posted March 16, 2011 Author Report Share Posted March 16, 2011 Unfortunately, though there may be empty houses, demand will keep the prices up, even though that "demand" is unable to afford to purchase. Won't be the first time houses have been left empty for years. Quote Link to comment Share on other sites More sharing options...
Mary Posted March 16, 2011 Report Share Posted March 16, 2011 Baby Boomer's have been retiring for about 6 years now - why do you think our governments are having troubles. We had Social Security for retired people in a fund by itself - along came RAYGUN and plopped it in the General Fund - now I work until I am 70 and there still may not be any benefit (which I have paid into since I was 16). Quote Link to comment Share on other sites More sharing options...
observer Posted March 16, 2011 Author Report Share Posted March 16, 2011 Shouldn't that be 2 years Mary? The boys came home in 1945! Quote Link to comment Share on other sites More sharing options...
Dizzy Posted March 16, 2011 Report Share Posted March 16, 2011 Naah I recon Mary is definately closer to the mark there Obs. Surely more were concieved as all the 'goodbyes' were said than when some finally came back in '45 Quote Link to comment Share on other sites More sharing options...
observer Posted March 17, 2011 Author Report Share Posted March 17, 2011 The "boom" actually occured post war. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted March 17, 2011 Report Share Posted March 17, 2011 Gosh I thought it would have been the other way round but then I was born in the mid 60's so wasn't around then. How long after 1945 did the boom start ? Quote Link to comment Share on other sites More sharing options...
wolfie Posted March 17, 2011 Report Share Posted March 17, 2011 9 months Quote Link to comment Share on other sites More sharing options...
Evil Sid Posted March 17, 2011 Report Share Posted March 17, 2011 Quote Link to comment Share on other sites More sharing options...
Dizzy Posted March 17, 2011 Report Share Posted March 17, 2011 9 months I suppose I asked for that one Quote Link to comment Share on other sites More sharing options...
Peter T Posted March 17, 2011 Report Share Posted March 17, 2011 boom boom! Quote Link to comment Share on other sites More sharing options...
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