Quote:
Originally Posted by Z3guy
allot (əˈlɒt)
vb (tr) , -lots, -lotting or -lotted
1. to assign or distribute (shares, etc)
2. to designate for a particular purpose: money was allotted to cover expenses.
3. (foll by to) apportion: we allotted two hours to the case.
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arghh!
foiled by my own petard!
Quote:
Originally Posted by CivicBlues
Well assuming your friends are in their mid-30s and their parents are 60-70s then it's not surprising. As a early-mid Boomer you pretty much had to be a major fuck up to not own your own home and have it paid off by now.
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I agree 100% with the boomers having a paid off home. I remember in the early 90's when a number of my friends parents paid off their homes around the same time. Everyone showed up with fresh nikes or Doc Martins that year because mom and dad had some extra income freed up.
I'm thinking of my group of friends who are now in their late 30's and early 40's. Many of them have homes that are paid off, or close to being there. Getting into the market in the early 2000's was the defining factor there. My friends and acquaintances who got in later are pretty far behind, having paid twice as much for virtually the same homes.
I feel for the new generation. Either rent, become indebted for life+, or leave your birthplace. Lots of blame to be thrown around, with much of it coming from offshore money. I know you may not agree wholeheartedly with that, but you have to admit it was a major factor.