Huge student fees to limit house prices further?

vivatifosi

Its funny, I was reading this thread Thursday night, went to work at the library yesterday and what should turn up, but a guide to studying in Australia and New Zealand. It made a particularly compelling argument for studying in a lower grade uni: study at the University of the Elephant and Castle/South Bank Poly or whatever its called nowadays, pay a fortune cost of living, or study in Queensland, pay $80 rent per week and sunbathe when you aren't studying.

brit1234

That was the good thing about university, meeting and studying with people of different ages, countries, backgrounds, religions. Its a real mixing pot and you learn more about life than just the degree. Other countries travel all over the world to learn and pick up languages. It makes sense we travel and do the same thus losing less money.

olly300

neverdespairgirl wrote: »

I went to live and work in Poland for a year when I was 18.

But you're not exactly average.

The type of students who should go aboard because they win financially is not likely to be the ones that do.

carolt

More on the same:

http://www.ucu.org.uk/index.cfm?articleid=5046

"
England set to be world's most expensive country for university education

1 October 2010
Analysis by UCU of fees charged by publicly-funded universities around the world reveals that increasing fees to £5,000-a-year would be enough to give England the unenviable tag of supplier of the world's most expensive degrees."

chucky

brit1234 wrote: »

Huge student fees to limit house prices further?

Tax Allowances going up next year must mean that house prices will also go up as people have more to spend...

or

Interest rates remaining low must mean that people will buy more houses...

or

8 out of 10 cats prefer Wiskas...

for the love of god Brit... not everything that happens in the UK is linked to house prices...

baby_boomer

neas wrote: »

they;d have to earn over 21k and most likely lose a 9% 'tax' on any earnings above that

Yep.

That's the money that would have been saved towards a deposit and later used to pay the mortgage!

As I've long argued, we're heading back down to 60% home ownership from 70%+ under the Thatcherite home owning democracy.

P.S. My baby_boomer luck has held out to the end. My last progeny, applying this year, will "only" pay £3,300 pa uni fees - not £7K to £12K. But I'll probably encourage him to save rather than hit the housing market, in the knowledge that prices might fall given the indebted graduates following on.

carolt

No, but the reverse is true - house prices are determined by major economic changes in the UK - they're not just in some kind of vacuum.

neverdespairgirl

olly300 wrote: »

But you're not exactly average.

The type of students who should go aboard because they win financially is not likely to be the ones that do.

My best mate was working in the Czech Republic at the same time, and my then-unmet-OH was in India.

lemonjelly

I must confess to having not read the thread. My initial thought was that the title was clutching at straws a little for a bearish perspective. That said, I am suprised to see the beeb have picked up on this very trend, as reported by a mortgage broker!
http://www.bbc.co.uk/news/business-11549907

chewmylegoff

i find it hard to believe that the majority of uk students will uproot en masse to european universities unless said european universities are going to start teaching their courses in english.