Unemployment & FTBs

shakerbaby

Really2 wrote: »

The other 4 people 80% of their age group.

And what percentage of them are in college, training, apprenticeships, low-paid jobs scrapping by? :rolleyes:

chucky

Cannon_Fodder wrote: »

Now, just as affordability has turned in the right direction for once in a generation, a chunk of them are in no position to obtain a mortgage at all, while the others have that ominous "set to get worse" phrase influencing their propensity to purchase.

"fear of redundancy continued to put up a barrier with 61% of respondents citing this as their main concern when considering a house purchase. The proportion is unchanged from March." June 18 2009
http://www.financemarkets.co.uk/2009/06/18/housing-market-confidence-outweighed-by-unemployment-fears/

i would imagine those actually wanting to buy which are not those above considering to buy are a bigger influence on not buying a property...

the fear of redundancy argument is a factor but maybe not the most important one.

....tightened lending criteria meant first-time buyers applying for a large loan had a two-in-three chance of being rejected, with lenders only interested in "squeaky clean" borrowers with perfect credit records.

http://www.guardian.co.uk/business/2009/jun/13/mortgage-first-time-buyerd

isn't the availablity of credit the bigger factor in stopping people buying?

chucky

shakerbaby wrote: »

And what percentage of them are in college, training, apprenticeships, low-paid jobs scrapping by? :rolleyes:

they don't exactly qualify as FTB's :rolleyes:

Really2

shakerbaby wrote: »

And what percentage of them are in college, training, apprenticeships, low-paid jobs scrapping by? :rolleyes:

I don't know could you tell me?:)

You must know to make out the answer I provided so wrong? Silly me using the information provided.

Really2

chucky wrote: »

they don't exactly qualify as FTB's :rolleyes:

Come off it Chucky.
I distinctly remember when I was at school with £25pw income off my saturday job I was house hunting:D

Really2

Apparently 40% go to uni alone. And I should imagine that will increase due to the recession.

shakerbaby

chucky wrote: »

they don't exactly qualify as FTB's :rolleyes:

Precisely the point. :T So to reiterate the OP's original question "where are the next wave of FTBs coming from?" :j

Really2

shakerbaby wrote: »

Precisely the point. :T So to reiterate the OP's original question "where are the next wave of FTBs coming from?" :j

Do people get sent to uni and collage, training, apprenticeship for life.

So your saying the point is out of the 80% left half will be at uni etc.

What happens after 24 does it go to 5 ot of 5 unemployed or does in decrease vastly.;)

Graham_Devon

Really2 wrote: »

What happens after 24 does it go to 5 ot of 5 unemployed or does in decrease vastly.;)

Neither. It's a rolling number of people.

Really2

They said enrolments are up due to the recession for unis and collages due to kids knowing the job market is tough.

Take a look and then you can say sorry for such a stupid post.:)
http://www.telegraph.co.uk/education/educationnews/5994681/130000-face-university-place-rejection.html

Are you saying they have been run at 100% capasity before?