Unemployment & FTBs

chucky

Thrugelmir wrote: »

That daily rate is a week and halfs pay in Companies around here !

i'm not complaining at all

that was my point - when you said contractors couldn't get a mortgage.

there are many types of contractors - i imagined you meant agency staff or even temporary contractors which are similar to the old style temp to perm.

the_ash_and_the_oak

malkie76 wrote: »

thats a good point - university entrance is at it's highest with about 1:3 heading to university (iirc). However, knowing the government they wouldn't include these people in unemployment figures to keep unemployment figures as low as possible (and to be fair they aren't 'unemployed')

I agree that 4 out of 5 in an age bracket with the potential to buy gives a huge wave of new FTBs.

I'd also point out that the average age of the FTB is 33 or so (iirc), so the unemployment figures of those 10 years younger is slightly irrelevant.

If anything the urge to buy property is far greater now than it was 10 years ago, so I'd imagine a steady flux of FTBs compare to the number on the scene 10 years ago.

not really so much imo. the average ftb age may be 33 but there must be time to start a career and get into a position to build up a deposit prior to that (tho admittedly we kinda didn't bother with deposits for a while, and this scenario could possibly return).

while 4 out of 5 sounds great on paper, its sort of meaningless. not all people in employment will be in a position to save for, or buy a house (nor should they be). its not an absolute figure. the 1 out of 5 that are out of employment is an absolute figure - cannot be in a position to buy imo

do agree about increased further and higher education stats reducing the level of technically 'unemployed' tho, has been the case for a long while and in most western countries

Thrugelmir

chucky wrote: »

i'm not complaining at all

that was my point - when you said contractors couldn't get a mortgage.

there are many types of contractors - i imagined you meant agency staff or even temporary contractors which are similar to the old style temp to perm.

The larger employers round here now use "flexible" workforces. In part to avoid contractual liabilities of employing permanent staff.

Its a growing trend that doesnt bode well. As to me employment is a 2 way relationship.

the_ash_and_the_oak

chucky wrote: »

the single FTB age will progressively get higher i imagine.

.

interesting one this, ftb age has been rising steadily throughout the boom and may well continue to do so. during the exact period that apartments have taken up an increasingly large proportion of ftb property

the_ash_and_the_oak

Really2 wrote: »

The other 4 people 80% of their age group.

to come back to that, to me this is kinda like saying "if unemployment quadrupled, what would be the big deal? the majority would still be employed and be able to buy houses"

Really2

the_ash_and_the_oak wrote: »

to come back to that, to me this is kinda like saying "if unemployment quadrupled, what would be the big deal? the majority would still be employed and be able to buy houses"

Is it? Question 1 out of 5 18-24 year old's are unemployed who will be the next FTB's

My answer is a simple answer based on the fact.
The fact is over the age of 25 -30 the numbers in employment increases as a percentage.
So are we pretend unemployment get higher as a percentage the older you get

Don't let fact' wreck a good froth though.

Graham_Devon

Really2 wrote: »

Is it? Question 1 out of 5 18-24 year old's are unemployed who will be the next FTB's

My answer is a simple answer based on the fact.
The fact is over the age of 25 -30 the numbers in employment increases as a percentage.
So are we pretend unemployment get higher as a percentage the older you get

Don't let fact' wreck a good froth though.

I have read that 3 times. And each time have ended up more confused than the first.

mewbie_2

Graham_Devon wrote: »

I have read that 3 times. And each time have ended up more confused than the first.

Oh Graham - wake up.

It's a simple fact of the answer.
Percentage higher than unemployment younger people is not.
As get older unemployement percentage frothw into fact. Simpel as.
Fact' not case of not proven unless percentage you mean higher peoples.

Really2

Graham_Devon wrote: »

I have read that 3 times. And each time have ended up more confused than the first.

Is that Dale Wintons biography?

Really2

No worries, not like you to start abuse and then moan about it later in the day:rolleyes:.
I know there is no point discussing things you do not want to hear.

Just like the Nationwide graph on "real prices" you want it to mean "nominal prices" and won't hear otherwise.:rolleyes:

You keep going, question if 1 in 5 under 24's are out of work how many are left in work as a percentage?:rolleyes:

Also what does that mean on their future employability (after leaving uni etc.) I presume most think they will carry on with 20% being unemployed?