NinetyTwoTeam wrote: » If I hear another person tell me the reason most of my generation will never afford a house is takeaway coffee I'm gonna smack them with my avocado toast. The economy has been stacked in such a way that if you don't come from a family with money, you're going to be scraping by all your life. Wages are dreadful, rents and house prices are sky high. Let me drink my mother flipping coffee so I can summon the will to live in this late stage capitalist dystopia, thanks.
Permabear wrote: » This post had been deleted.
eviltwin wrote: » Does help though. I lived on basics when I was saving for my deposit, no treats at all. I had the deposit within a year.
eviltwin wrote: » I bought my house 15 yrs ago. I was just out of college and working in a basic job. Husbag was in low paid employment. We had a child which affects lending potential. We were still able to buy a house though, in Dublin and have a life. I look at my daughter now, she won't be able to rent in Dublin let alone buy despite having a better job and no baggage. How did things get this bad?
Dr. Kenneth Noisewater wrote: » Ask any Clerical Officer, personal enrichment is rarely achieved on a weekly wage of under €500.
server down wrote: » But the public sector are the middles classes or part of them. No doubt elites in the public and private sector are taking the piss but it’s mostiy the private sector.
Idbatterim wrote: » Right. And because of the big bad private sector and human nature. Who should be the last line of defence that failed mistlerably?
server down wrote: » Er, Batman? Don’t really understand the question tbh.
Idbatterim wrote: » The last line of defence against greed and human nature. Should be the regulator, central bank and government, who totally failed. You can understand why the banks acted like they did...
Crypto Coin wrote: » People love to think everyone is out to get them, the reality is most people are selfish and look after number one, they aren't trying to fukc people over, just looking after themselves, rich people tend to be just better at it.
Crypto Coin wrote: » The reality people don't want to see is we are much wealthier than 20 years ago, 40 years ago and 200 years ago. The average person today is wealthier than kings and queens of 400 years ago.
server down wrote: » Relax lads. We’re better off than during the famine.
Wanderer78 wrote: » always liked Michael Hudsons term, 'we re confusing wealth with debt'!;)
Crypto Coin wrote: » An hour's unskilled labour will buy you more today than anytime in history.
server down wrote: » No offence but who cares? The question is about disposable and discretionary income on the last 10-20 years not since the last ice age.
Wanderer78 wrote: » is that got to do with the fact, we ve more access to stuff than ever before due to multiple of factors? i do see where hudson is coming from though, our debt problems are significant, particularly private debt
Crypto Coin wrote: » We are wealthier now because people innovate and invent better methods and products as time passes. We benefit today from the vast time spent by humanity innovating.
Wanderer78 wrote: » absolutely agree, we re an astonishing species when you think about it, our abilities are limitless, but again, i do think hudson and co are actually right, i.e. we re kinna codding ourselves a bit with all this wealth stuff, its all largely debt
Crypto Coin wrote: » Debt has existed for millenia, without the capacity to create debt we greatly diminish the capacity to create wealth. To see how wealthy a particular person has been, look at the availability of products and services to them from birth to debt. I would wager the average person who dies today lived wealtheir life than a person who died 30 years ago.
