Unemployment & FTBs

Graham_Devon

Really2 wrote: »

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?

That does not say that unis are expanding or there is more classes to allow for more people to join.

Therefore it does not make shakers post "stupid". It just says more about being rejected.

More than 130,000 university applicants are expected to fail to get a place this summer amid unprecedented demand for a higher education.

amcluesent

Entry level housing will largely be bought by -

a) HAs, which will see big growth, as the Tories want to keep 'arms length' from social housing but need to put the unwaged somwhere.
b) BTL as prices have fallens and yields increased.
c) Downsizers, involuntary in the case of break-ups etc.
d) Family supported buyers

chucky

shakerbaby wrote: »

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

as always has happened - when a student finish studying/school, they have a large enough deposit and also salary that qualifies them for a mortgage...

Really2

Graham_Devon wrote: »

That does not say that unis are expanding or there is more classes to allow for more people to join.

Therefore it does not make shakers post "stupid". It just says more about being rejected.

More than 130,000 university applicants are expected to fail to get a place this summer amid unprecedented demand for a higher education.

I did not say they are expanding.:mad:
PS it was stupid for making out something I never said then it's attempt to be insulting

Do some research on the numbers going in to higher education this year in the mean time read what I had written.

Really2 wrote: »

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

they will fail as they will be going for the same places or do not have the sufficent grades for their chosen uni's.
Government target for higher education is 50%

That does not mean that lower choice unis will not see an increase of students. Also colleges etc.

Where is the brick wall icon.

Cannon_Fodder

chucky wrote: »

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.

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?

Apparently not.

Page 2, Chart 4, of http://www.bsa.org.uk/docs/presspdfs/pt_june09.pdf - the original source of the survey...

"Respondents also perceive access to credit to be restricted, with 55% stating that access to a large enough mortgage or to a mortgage at all as an impediment to property purchase. This is a slight reduction on the 58% that selected this factor in the last Property Tracker survey."

vs 61% = Lack of Job Security.

chucky

Cannon_Fodder wrote: »

Apparently not.

Page 2, Chart 4, of http://www.bsa.org.uk/docs/presspdfs/pt_june09.pdf - the original source of the survey...


"Respondents also perceive access to credit to be restricted, with 55% stating that access to a large enough mortgage or to a mortgage at all as an impediment to property purchase. This is a slight reduction on the 58% that selected this factor in the last

Property Tracker survey."

vs 61% = Lack of Job Security.

fair enough - i would have imagined that raising a deposit would have been part of the mortgage availability and also being able to afford repayments. there's good stuff in that document.

Ingsy

Some good points - glad I raised the question.

Thanks for the replies

shakerbaby

chucky wrote: »

as always has happened - when a student finish studying/school, they have a large enough deposit and also salary that qualifies them for a mortgage...

How did said student upon leaving university save up a large enough deposit?

sjaypink

shakerbaby wrote: »

Small tip. If you want to try to call out someone as stupid make sure your spelling is correct otherwise you just look like an idiot.

:eek: lets not have a spelling sl:gging match!!!

never ends well ime

actually do you know what, been thinking about ftbs and affordability v sentiment/ confidence. can you still get 4x income income mortgages?

think if mortgages can come back down to 10/15% deposit and 3.5/ 4 times income loads of people would buy now.

just seen on facebook someones status 'omg just had the offer accepted!!'

reply 'sure nows a good time to buy (hunni xxx )?'

'yeah! they say prices are going to go back up again next year- gotta get in there now!'
:rolleyes:

hmmmmm? whos 'they' ???? :rotfl:

chucky

shakerbaby wrote: »

How did said student upon leaving university save up a large enough deposit?

you obviously didn't read my post - having a salary would mean having a job right?

chucky wrote: »

as always has happened - when a student finish studying/school, they have a large enough deposit and also salary that qualifies them for a mortgage...