House prices going into 2010 - Is shelter really affordable?

Toothsmith

tommy75 wrote: »

Firstly, if that were true that the average dentist came out with over 100k gross pa then there is alot of dodgy goings on for the official figures to be around 30k?

From reading comments, 100k is not take home pay and their practice fees have to be paid for. Any dentists on MSE?

Is this just regarding NHS dentists or private too as I can see a private dentist who owns his/her practice earning alot of money. The article seems a little missleading imo but we are going to have a really long thread if we are discussing each and every job on the government statistics.:p

I think the figure in that article is just a simple average. Adds up all the figures for earnings, and divides by the number of dentists for whom the figures come from.

I don't think it takes into account that there are a lot of female dentists nowadays, and with them, and with a few male dentists, it tends to be a part-time job.

If a dentist is doing dentistry full time, then earnings should be quite a bit above £30k.

Practice owning dentists can get £100k+ especially in bigger practices with lots of associate dentists working for them.

Figures tend to show that private dentists earn about 5% more than NHS colleagues. This often sounds strange to people, but dentists don't go private for the money. It's true that patients pay a lot more, but the dentist working privately will see a lot less patients in a session than an NHS one - and so the higher fees are cancelled out by the fewer patients.

Working more slowly is just a better quality of life than working at 100mph.

lostinrates

Great to have a dentist's insight on to what dentists actually earn, thank you toothsmith

Meanwhile: this just arrived in my inbox

http://www.primelocation.com/uk-property-for-sale/details/id/MCFD4134633/?utm_campaign=email-propertyalerts&utm_medium=email&utm_source=propertyalert&utm_nooverride=1&skipreg=1

I think this level of property is overpriced. Yet the comparables on rightmove don't agree.

tommy75

Oh look, a graphy thingy




The ratio of house prices to earnings for the average first time buyer looks like a bit like the kingda ka in 09. Shared equity they shout?

beaujolais-nouveau

PasturesNew wrote: »

I've experienced that too. I did one "test" - I was employed in a role in 1997 at £17,500, I went to their website and looked to see if they had jobs performing that role - and they did ... at £17,500 12 years on.

If I were to apply for Office Manager jobs today, the salaries would be £14-16k, that is what I got for that level of job 15 years ago.

If I look at project manager jobs today, most permanent jobs are quoting the same salaries that they were in 1999, but now they want a degree (a study showed 4-5 years ago that the average project manager was over 30 and had no degree).

Many, many salaries have not moved, except downwards.

In 1990 I was temping as an Admin Assistant - £6.60/hour. 2007 I went to see some temping agencies for Secretarial work - quoted £6/hour tops.

You took the words out of my mouth. Secretarial salaries today in London are the same as they were 18 years ago. Would that the cost of food and travel had remained at 1991 prices.

tommy75

tommy75

prolly been posted 5 million times and isn't accurate. :rotfl:

chucky

tommy75 wrote: »

prolly been posted 5 million times and isn't accurate.

i think it probably is quite accurate.

there are a few things that people will throw into the 'discussion'...

• one is calculated as mode and the other as median average. so not a direct comparison.
• home buyers are 'usually' on dual incomes who do you compare this against average house prices.
• not everyone will be able to afford a home - do you take these out to calculate the average home owner then the average salary.

i'm not trying to discredit the graph because in theory everyone should be able to own a home but we live in a corporate/commercial world. unfortunately it would be a difficult to achieve in our society if we look at how much property would need to drop for it to hit average salary.

again not trying to discredit the graph just giving my viewpoint why i don't think it's realistic.