Many of us live precariously, but some of us do not; and maintaining the myth that our generation experiences a blanket financial powerlessness allows those for whom this is not true to avoid considering their own role in a system that disadvantages others. In an excellent 2016 piece, the author Rosie Walker interviewed a number of millennial landlords and found a pattern among those who had been gifted the money for a deposit, who still elected to charge their own friends substantially higher rent than whatever was needed for their mortgage repayments, justifying this as the result of market forces, rather than a decision they themselves had taken. … [Read more...] about How did rich millennials become the voice of generation rent?
Money saved is money earned
What to do if you’re struggling ■ Take steps to slash the sum. Check any benefits or grants you are entitled to using various online calculators. Citizens Advice can also help you check you’re getting everything you’re entitled to. Housing benefit is used to help pay rent if you are on a low income, but a freeze taking effect this month is expected to see hundreds of thousands of low-income renters face shortfalls. “This will make it very difficult for many renters to plug the gap,” says Craw. … [Read more...] about Struggling generation rent is being driven into debt
Young couples with no children, for whom the median income in England is £43,446, would fare much better in the market. They would find 32.3% of the properties listed on Zoopla affordable. However, a single first-time buyer, typically earning £21,851, would only be able to purchase 7.5% of those same homes. … [Read more...] about Just 43 homes on the market affordable for first-time buyers in London
If there’s one thing debt investors have learned, it is that debt is not with zero risks. Some steps investors can take to shield themselves from risks is to avoid funds with very high returns – they seldom come without risk, look quickly at the portfolio to check if exposure to individual top instruments is higher than 6-7 percent, and go for funds with larger AUMs. … [Read more...] about Investors have turned cautious due to debt crisis in MF industry, says FundsIndia Founder
You expect the farmers to maintain social distancing when they come out to protest against electricity connection cuts, non-availability of means of livelihoods and fertilisers, but they conveniently forget about corona when they have to protest against the governor inside Raj Bhavan. … [Read more...] about ‘Gehlot government is non-functional’