millennials versus baby boomers

Millennials Versus Baby Boomers in Colchester (Part 2 of 2)

Last week, in part 1, Colchester Baby Boomers £6 Billion+ Windfall Unfair? we explored Louise’s contention that Millennials (people born after ~1985) were suffering at the hands of the older generation in Colchester who had benefited from the cumulative increase in the value of Colchester properties over the last 25 to 30 years. In addition, … Read more

baby boomers windfall

Colchester Baby Boomers £6 Billion+ Windfall Unfair? (Part 1 of 2)

I was recently chatting to fellow baby boomers at a family get-together. We hadn’t met since we were teenagers so there were partners, pets and grown up children which makes you realise how fast time flies. I was reminiscing about the “good old days” of 20% inflation, the 3 day week, 15% interest rates and the … Read more

Colchester first-time buyers could face 50 year mortgages

Colchester First-Time Buyers Could Face 50 Year Mortgages!

First-time buyers are important for both landlords and homeowners. If first-time buyers aren’t buying, they still need a roof over their heads, so they rent – which is good news for landlords. If they buy, demand for Colchester starter homes goes up – which makes it easier for other Colchester homeowners to move up the … Read more