Generation Whine

Graham_Devon

ILW wrote: »

Going rate for qualified plumber now around £40k
Going rate for shift supervisor now around £18k
Combined £58k income would get a mortgage of around £180k.
That will buy a two or three bed house in most regions ( if not the best areas)

Had to come back in to this thread...as I have been waiting for someone to say this.

You have compared DUAL income, to a time when a lot of people bought on one income in general....even mortgages only took into acount 1x the partners wage.

You have also compared 2 full time incomes. Most families with kids cannot have both people working full time.

Basically, you are saying it's ok, a plumber on an extremely high wage for a plumber (£150-160 a day take home!?) and a shift supervisor on a decent wage for the job, BOTH working full time can borrow 180k.

So sorry, but what happens to the kids in all this? No childcare fees if they are both working full time?

Do it on a proper plumbers wage. And a part time shift supervisor, and only use 1x the lower income.

Then it will be a truer comparison, and you might just start to figure out where the research has come up with it's findings.

Today is all about dual incomes on full time wages. Look back (and apart from all those on here obviously) and how many of us grew up with both parents working full time? They could still afford bigger houses.

Graham_Devon

ukcarper wrote: »

2 years ago I had a new boiler and modifications done to my central heating 2 people 2 days £2.8k parts about £1k £450 a day not to bad.

They are not plumbers. They are corgi registered technicians, with big overheads. £450 isn't take home, i.e. what you can base your mortgage on....i.e. the van and the fuel, their tools, training, certitificated and liability insurance doesn't get handed to them on the "free plate".

ukcarper

I know that but if you halve it it's still £225 £58k a year

Graham_Devon

ukcarper wrote: »

I know that but if you halve it it's still £225 £58k a year

Why not just look at real jobs instead of guessing? The ACTUAL wages are out there, so no need to just pluck figures.

---

Commercial Gas Engineer - Middlesex, Middlesex
Position: Commercial Gas Engineer
Location: Middlesex
Salary: £10-15/hr plus vehicle, o/time

---

Sort out your own van and qualifications and you can get:

Commercial Gas Engineer

Surrey (Permanent)
£16.50 - £19.50 / Hour
Commerical Gas Engineer required for large facilities service and maintenance client. Must possess service and breakdown commerical gas experience on large communal boilers. To start asap for approximately 2-3 months - must have own van and recently gas safe registered

ILW

Graham_Devon wrote: »

Today is all about dual incomes on full time wages. Look back (and apart from all those on here obviously) and how many of us grew up with both parents working full time? They could still afford bigger houses.

My parents both worked full time in the 70s
If it was so much easier to buy house then, why did less than 50% own, as opposed to around 70% now?

Graham_Devon

ILW wrote: »

My parents both worked full time in the 70s
If it was so much easier to buy house then, why did less than 50% own, as opposed to around 70% now?

Of course they did. That's why I said what I did in brackets.

I suppose while your parents were working, you were at the age of 4, making the cabbage soup for tea.

And in answer to you....massive amounts of available debt. That doesn't make things more affordable, just means the amount of debt you can get yourself into has changed, how you can buy has changed (shared ownership for a start putting loads into the owner terrirory when they are not really).

ukcarper

£19.50 = £40k a year £15 = £31k a year.

Graham_Devon

ukcarper wrote: »

£19.50 = £40k a year £15 = £31k a year.

<sigh>

You took the highest wage and ignored the fact they had to have their own van and own qualifications.

I purposely stated the van bit for that reason. You have taken the highest wage and simply said =£40k totally ignoring what that person has to provide to get it.

It's not take home pay.

Now I remember why I left this thread. I despair!

ILW

Graham_Devon wrote: »

Of course they did. That's why I said what I did in brackets.

I suppose while your parents were working, you were at the age of 4, making the cabbage soup for tea.

And in answer to you....massive amounts of available debt. That doesn't make things more affordable, just means the amount of debt you can get yourself into has changed, how you can buy has changed (shared ownership for a start putting loads into the owner terrirory when they are not really).

So do you think that excluding over half the population from ownership through tightening up lending criteria would take us back to that so called golden age when home buying was so cheap and easy?
It's just different now, not better or worse overall.

ukcarper

All this talk about what people done in the seventies is meaningless as I have said earlier the price of houses where I bought my first house increased from £5.3 to £11k between late 1971 and early 1973. Average salary was about £1.8k in 72 and £2.1 in 73. So when you bought made a big difference like it always has.