Youth unemployment and owning a home

lostinrates

Daddy bear, on a practicL basis, would you commute?

CraigD

There are no affordable houses for young people. Forget all your fanciful talk about buying houses and prices increasing or decreasing. If you are lucky to be able to afford extortionate rents to even have a roof over your head you are very lucky. Banks are not lending to small businesses and people wanting mortgages can forget it unless they have a considerable deposit and a squeaky clean credit score is no guarantee of getting credit. Wealth redistribution from the bottom to the top is the new solution. The Capitalist class grab millions from the Bank of England in 'Quantitative easing'. The government aid the Capitalists by making public sector cuts and hundreds of thousands of low paid part-time workers many female unemployed. There is no more boom just a race to the bottom. Get used to it. It is going to get a hell of a lot worse.

Angry_Bear

ukcarper wrote: »

Have you got a link

I got the average earnings here: http://www.measuringworth.org/ukearncpi/

And the average house prices here:
(1975) http://www.housepricecrash.co.uk/indices-nationwide-national-inflation.php
(2010) http://www.communities.gov.uk/publications/corporate/statistics/hpi082010

I've no idea how reliable any of the sites are (hence the health warning in my previous post) .

ukcarper

Angry_Bear wrote: »

I got the average earnings here: http://www.measuringworth.org/ukearncpi/

And the average house prices here:
(1975) http://www.housepricecrash.co.uk/indices-nationwide-national-inflation.php
(2010) http://www.communities.gov.uk/publications/corporate/statistics/hpi082010

I've no idea how reliable any of the sites are (hence the health warning in my previous post) .

The first set of figures looks fairly accurate to me thanks they are the best source I've seen so far.

Why didn’t you not use Nationwide figure for 2010?

They do contradict the Nationwide graphs but I think the explanation could be that the Nationwide graphs use full time male earnings and that they were a lot closer to the over average in the past as the demographics of the working population has changed.

abaxas

Stopping BTL would be easy. Make it almost impossible for the LL to evict other than default and ban rent rises for the period of tenancy.

Job done.

CraigD

UrWntr!? So your only solution is to work harder and get a higher paid job mouth hits the floor....How about looking at why we are paying so much for essentials?

Rent prices will rise as buying a house becomes harder. That is a given. Demand increases means higher prices. I am not just talking about now. I am looking ahead 18 months to 2 years time. By unaffordable I don't mean not having the money to pay for the rent or mortgage but choosing what to prioritise. Heating, food, shelter. There will be an increase in homelessness look at the USA.

Originally posted by UrWntr
"Just because you don't earn enough money to rent/buy does not mean that everyone is in the same boat. In fact, you are the minority."

I take exception to you putting you in bold type. You are accusing me of somehow being wrong to be in the minority. It is not the case that I am in the minority and even if I was does that make my opinion any less valid.

ukcarper

abaxas wrote: »

Stopping BTL would be easy. Make it almost impossible for the LL to evict other than default and ban rent rises for the period of tenancy.

Job done.

That's pretty much like it was in the 70s I'm sure it would work especially if the last part was included in might even drop the prices of houses a bit as the BTLs came on the market but it wouldn’t do anything for people who wanted to rent as eventually the only rental properties would the few housing association sand council properties.

Angry_Bear

ukcarper wrote: »

Why didn’t you not use Nationwide figure for 2010?

I just used the first ones I found (I searched for 2010 first). It didn't really occur to me to update it after I looked up the 1975 ones lol!

UrWntr

CraigD wrote: »

UrWntr!? so your only solution is to work harder and get a higher paid job mouth hits the floor... I am not just talking about myself. You post as if it is 1984 and Capitalism is riding on the crest of a wave when Maggie was in her pomp. Some of the country has been in permanent recession since 1979. You don't believe me? Well seeing as some posters on here believe the mainstream media...it is 1984...

I'm sorry I don't really understand anything you just said.

You made some sweeping statements such as "There are no affordable houses for young people" and "If you are lucky to be able to afford extortionate rents to even have a roof over your head you are very lucky".

www.communities.gov.uk/housing/homelessness/ estimate that 1768 people are currently homeless. I think it can therefore be reasonably assumed that the vast majority of people manage to rent or buy a home.

Just because you don't earn enough money to rent/buy does not mean that everyone is in the same boat. In fact, you are the minority.

Derivative

CraigD wrote: »

UrWntr!? so your only solution is to work harder and get a higher paid job mouth hits the floor... I am not just talking about myself. You post as if it is 1984 and Capitalism is riding on the crest of a wave when Maggie was in her pomp. Some of the country has been in permanent recession since 1979. You don't believe me? Well seeing as some posters on here believe the mainstream media...it is 1984...

The only solution is not to 'get a higher paid job'.

Either you pay a lot of money (hence the highly paid job) and live in a rich area.
Or you pay less money and live in a poorer area.

There is no element of rocket science involved here. I am not sure why people cannot understand this simple fact.

If you want to buy Tesco Finest food, you get to pay for it.
If you want to buy the finest housing stock, you get to pay for it.

The value range exists as it always has. More expensive yes, less affordable yes, unaffordable no. Unless of course you are at the bottom end earning <£15k a year as a household, in which case you were never able to afford a house.

The unemployment and underemployment situation should be considered seperately to housing issues. Those with low incomes have trouble affording everything, not just housing.