Comments on: Reform’s IPOD Generation Unlikely to Become Homeowners

By: kage

kage — Fri, 02 Nov 2007 01:23:27 +0000

As a fully qualified boomer, I continue to be completely ashamed of my peers. Most boomers were brought up to believe in selfishness. Little wonder that following generations find very little to venerate in their immediate ancestors. Boomers will continue in their selfishness while political parties pander to their every whim, until economic collapse ensues. Perhaps they will die off before that, but that would be deflationary anyway. No modern economic theory can cope with 'negative growth'.

By: Pete

Pete — Thu, 01 Nov 2007 10:05:39 +0000

They don't need to downsize...and they aren't going to die too soon.

Even though their generation may have assisted in raising the prices of housing, I don't think they will have any impact on its longevity.

Although I'd love to think that house prices will crash down to half of their current, if they did I doubt it would be related to anything new the baby boomers do.

By: technofreak

technofreak — Thu, 01 Nov 2007 08:44:03 +0000

I think you missed the point Philip...?

Anyway, as a 37yo living in this IPOD reality I can say that none of the values of my parents means anything to me.
I have no need for a mortgage or debt.
I can also clearly see that in 10-15yrs time things will again change rather dramatically a my parents age and change their needs....
How it will end up? I dont know and dont care, but, I will remain fluid and take advantage of opportunities as they arise.

I coined a phrase "The stolen Future Generation" which means a similar thing to IPOD...

By: Philip Barton

Philip Barton — Thu, 01 Nov 2007 06:45:43 +0000

Personally I find this is a very worrying article.
I was born in 1946 and have always considered myself a baby-boomer. In fact, to be precise, I have always considered those born after 1946 to be not real baby-boomers, but mere also-rans who were, fortunately for them, lumped into the same category for easy classification.

Now this Rees-Mogg fellow is not only causing my hyphens to run almost out of control, but he appears to be suggesting that I, the original, born in February of 1946, is in some way not the genuine article and that only those born in 1947 and later can be considered baby-boomers.

Now then Mogg, I am not a war-baby because I was not born during the war and apparently, according to you, I am not a baby-boomer because I was born too soon after the war.

This is rending the fabric of my life and shaking the heretofore solid foundations upon which I have lounged through this world. I have been driven to take my feet of the desk to respond to this pernicious and vile accusation. What am I then Sir? Am I without a category?

On what grounds is this pernicious and vile accusation made, and what exactly is the nature of your accusation? Are you suggesting that my Mother was not dutifully and faithfully awaiting the return of my Father from his patriotic duty? Are you, to come to the point, suggesting that my Mother’s war effort was rather piecemeal and morally unsound?

Or, is there a suggestion that those who came home from the war weren’t sure what to do with their wives anymore, and needed six months or so to make the transition from patriotic duty to conjugal duty?

By: Allan Hart

Allan Hart — Thu, 01 Nov 2007 06:06:17 +0000

Turning 34 on the weekend, living overseas 7 years (and without a house), my response to the cost of housing in Australia is - what happens when the music stops? When all the boomers shuffle off or downsize etc, what happens to the price of houses, looking ahead say 10-15 years?