The price of inequlaity -London

grizzly1911

This street in east London tells a story of the great British divide: those who own property and those who don't



http://www.theguardian.com/money/2013/oct/27/albion-drive-revisited-property-divide



Article revisiting how one street has changed since 2007. Observations rather than winging.

Percy1983

I think the point of those with parents who have money have options but those without stuggle is the big point.

Its all very well saying this money goes down the generations but its doesn't flow down in an even way.

Should it really be your sucess is measured on what your parents did ratherr than what you did? I can see for many no amount of hard work is going to get them there and its worries this happens as mnay on here cheer as there HPI they have done nothing earn increases.

AndyGuil

It takes time to save a deposit and increase earnings. It is a challenge that some achieve. It is also apparent that many people especially with the social aspect of London, spend too much money. It is a desirable place to be, lots of jobs, higher earnings, social aspects etc. Especially compared to 1977.

System

AndyGuil wrote: »

It is a desirable place to be, lots of jobs, higher earnings, social aspects etc. Especially compared to 1977.

I rather enjoyed living and working in London in 1977. Why the "especially" ?

CLAPTON

the population of London has increased by over 1 million in the last 10 years

East has become fashionable

The mad Housing Benefit system has helped house price inflation

The amount of student accommodation is London is a drain on housing for residents and a drain on local council revenues

we need to build more housing and make other locations more attractive job wise

mayonnaise

In 2007, his son, Alex, said, frustrated: "I don't think I'll ever be able to buy." Six years on, the frustration has been replaced by an air of quiet resignation. He's 36 now and a press officer for the TUC. He rents a flat with two friends in north London.

"I'm in the same position as a lot of people. I've got a professional good job, and earn a decent salary, but unless you have considerable savings, actually buying somewhere is an incredibly distant prospect," he says.

Does Alex need to buy in Albion Drive? No.
Does Alex need to buy in Central London? No.
If Alex has - as he states - a decent salary, he can easily afford a place in the suburbs, within an easy commute to Central London. And I'm not talking about some undesireable dump, but a decent place less than a hour commute away.
Alex, you're a moaner with an overinflated sense of entitlement.

AndyGuil

Clifford_Pope wrote: »

I rather enjoyed living and working in London in 1977. Why the "especially" ?

Since 1977 London has benefitted from jobs for oil/gas, finance and civil engineering (large sky scrapers) to name only a few of many areas. The new technology districts move this on and we see the same in another 30+ years time when people look back to now. Simply, compared to 1977 the benefits of being in London have increased.

Conrad

Ha, I was at London Fields BR station the other week and thinking the area I could see seemed a good place to invest, had no idea it has already boomed so much.

I'm wondering about Tottenham given the new stadium plans. Any thoughts?

antrobus

grizzly1911 wrote: »

This street in east London tells a story of the great British divide: those who own property and those who don't

http://www.theguardian.com/money/2013/oct/27/albion-drive-revisited-property-divide

Article revisiting how one street has changed since 2007. Observations rather than winging.

What I noticed about this piece is that it's nicely bisected by an advert for "Top mortgages - Find the best deals on the market" with data "Provided by London & Country for the Guardian".

Dontcha just love the way the Grauniad can mix liberal angst with sheer naked commercialism?:)

Mallotum_X

antrobus wrote: »

What I noticed about this piece is that it's nicely bisected by an advert for "Top mortgages - Find the best deals on the market" with data "Provided by London & Country for the Guardian".

Dontcha just love the way the Grauniad can mix liberal angst with sheer naked commercialism?:)

Websites cost money to run, you either pay for them by adverts or subscription. Which do you prefer?

the_flying_pig

they reckon that prices in that area of london might be 65% higher than in 2007.

it's plausible. around where i live in SW london i'd say that we're talking up to around 50% higher, maybe.