The rental market

Cleaver

Pimperne1 wrote: »

The sign of a failed landlord is a repossession

No it isn't. BTL is a business, so a sign of failure would be owning a business that didn't make any money. This would be because you've got your sums wrong, have a poor product or don't have happy customers (or all three). Same as any other business really.

olly300

Cleaver wrote: »

Where do you live Pastures? I had in my head it was the South West for some reason. The average median salaries for the South West areas are below, and there are none as low as £13,500. (source)

The average median salary for London is £30,000 yet I personally know plenty of people on £24-25K.

Cleaver

olly300 wrote: »

The average median salary for London is £30,000 yet I personally know plenty of people on £24-25K.

Presumably if the median average salary in London is £30,000 then statistically half the people you meet will earn under £30,000 and half will earn over £30,000. That's median averages for you.

olly300

Cleaver wrote: »

Presumably if the median average salary in London is £30,000 then statistically half the people you meet will earn under £30,000 and half will earn over £30,000. That's median averages for you.

Yep that's why arguing that people don't earn so little living in a particular area is a waste of space.

PasturesNew

Cleaver wrote: »

Where do you live Pastures? I had in my head it was the South West for some reason. The average median salaries for the South West areas are below, and there are none as low as £13,500. (source)

SOUTH WEST AREA MEDIAN AVERAGE SALARY Cheltenham £24,552 Stroud £22,715 North Somerset UA £22,602 Swindon UA £22,248 South Hams £22,134 Tewkesbury £22,003 Bath and North East Somerset UA £21,718 Gloucestershire £21,706 Bristol, City of UA £21,580 North Wiltshire £21,377 South Gloucestershire UA £21,314 Salisbury £21,301 Taunton Deane £21,150 East Dorset £21,108 Purbeck £21,093 Wiltshire UA £21,070 West Wiltshire £20,998 Poole UA £20,470 Gloucester £20,436 Kennet £20,331 Bournemouth UA £20,223 Plymouth UA £19,906 West Dorset £19,862 North Dorset £19,798 South Somerset £19,783 Caradon £19,731 Somerset £19,687 Dorset £19,473 Sedgemoor £19,349 Forest of Dean £19,162 Weymouth and Portland £19,111 East Devon £19,029 Mendip £18,893 Cotswold £18,775 Carrick £18,593 Mid Devon £18,579 Exeter £18,513 Kerrier £18,119 Cornwall UA £18,029Devon £17,974 Teignbridge £17,577 North Cornwall £17,448 Restormel £16,836 Torbay UA £16,708 Christchurch £16,594 Torridge £16,250 North Devon £15,454 Isles of Scilly £12,803

I've not checked the latest figures, but I base mine on "full-time, female" rates.

Edit: I checked your (latest) link, female/full-time, median £17,419. I've not seen any jobs advertised at that rate though. Very few jobs, mostly either £25-35k public sector managers 20 miles away, or waitressing locally at £11k.

Edit 2: 1-bed, LHA rate is £480/month.

IveSeenTheLight

PasturesNew wrote: »

I've not checked the latest figures, but I base mine on "full-time, female" rates.

The rental market is not limited to this section though is it?
The rental market caters for a wider spectrum and as such you would be competing for rental properties with the whole range of peoples earnings and sex

Cleaver

PasturesNew wrote: »

I've not checked the latest figures, but I base mine on "full-time, female" rates.

Edit: I checked your (latest) link, female/full-time, median £17,419. I've not seen any jobs advertised at that rate though. Very few jobs, mostly either £25-35k public sector managers 20 miles away, or waitressing locally at £11k.

So do you think the stats are wrong, or that the adverts and jobs you see don't represent the reality of what people actually earn?

I've said before on here, if I based the average salary on here on the jobs I see in the local paper the average wage would be about 14k. But that's local papers for you.

Graham_Devon

Cleaver wrote: »

I've said before on here, if I based the average salary on here on the jobs I see in the local paper the average wage would be about 14k. But that's local papers for you.

It's what my sister gets, 39 hours a week in the public sector. And there are 10's of thousands doing her job in the public sector. Reception / Admin stuff.

Funnily enough, it;'s the highest paying job she's ever had.

However, saying she was a career chaser would be mildly lying!! My point really was that there will be 10's, if not hundreds of thousands earning that kind of wage.

She has applied for loads of jobs. But they all want experience, and thats always been her problem, no ones willing to give the job to get the experience. She's got quite a few courses under her belt, all the smaller computer courses, how to interact with people in a workplace environment, all those kinda things....just lacks experience.

PasturesNew

Cleaver wrote: »

So do you think the stats are wrong, or that the adverts and jobs you see don't represent the reality of what people actually earn?

I've said before on here, if I based the average salary on here on the jobs I see in the local paper the average wage would be about 14k. But that's local papers for you.

I think here, the median is pushed up by higher earners, in the public sector - and small business owners (lots of small hotels, holiday lettings, B&Bs, bars, clubs). Not any proper industry or jobs.

PasturesNew

I lack "specific experience in this particular industry", and a degree (so many want one). Also, age now is an issue (perky breasts > older lady who has the charisma of a piece of wood chipping and came over a bit odd in interview).