The UK housing market is an example of junkie style economics

kinger101

ukcarper wrote: »

Yet 54% of people of working age are in full time employment.

I agree in an ideal world that would be good but it's not happened in the past and is unlikely to happen in the future.

So 46% are unemployed, or underemployed. That's high. The really cheap houses are often in regions it's difficult to get work. Cells' statistics covering entire countries or several counties and not always going to be particularly useful in illustrating what life is like on a smaller scale. A mean or median has one very narrow function. I doesn't provide any information on variance, distribution or sub-populations within the dataset.

ukcarper

kinger101 wrote: »

My point is this number is lower in Powys. The really cheap houses are often in regions it's difficult to get work. Statistics covering entire counties or several countries and not always going to be particularly useful in illustrating what life is like on a smaller scale. A mean or median has one very narrow function. I doesn't provide any information on variance, distribution or sub-populations within the dataset.

What number the 54% is Powys and median full time earnings in Powys is £21.5k.

ukcarper

Graham_Devon wrote: »

And now were just about getting there.

Have you been to Powys?

How many people walking around these little towns in Powys, who currently don't have a house, do you think are walking around with 15k savings in the bank?

How many of those actually require an ex mining 2 bed house in the middle of the valleys? How many actually need 3 beds due to kids? Loads of people can afford a house that's far too small or inadequate for them. Your paper statistic would say "look, they can afford it". Reality would say "great, and whats the point in them buying that"? I suppose you'd say to a couple with 4 kids "you don't have a problem, on your wages you can afford to buy property - have a look at this studio flat"?

Were getting there though. Hopefully you are now finally opening your eyes as to why paper figures plucked from statistics hardly ever match the reality on the ground.

No because 54% of the working age population in Powys are full time and 50% of them earn over £21.5k the other 50% earn between £12k and £21.5k.

Graham_Devon

ukcarper wrote: »

What number the 54% is Powys and median full time earnings in Powys is £21.5k.

Come on. The poster laid it all out on a plate to you.

The CHEAP houses will usually be those where the wages you talk about cannot be earned locally.

I don't see what's so hard to get? You can travel to these jobs, I don't dispute that, but then you can't use your back of a fagpacket sums to make the case for housing affordability as you'll have travelling costs to deduct - and you can't deduct too much out of those low wages - all the time expecting them to have a deposit sloshing around too.

ukcarper

Graham_Devon wrote: »

Come on. The poster laid it all out on a plate to you.

The CHEAP houses will usually be those where the wages you talk about cannot be earned locally.

I don't see what's so hard to get?

The house price is also average for Powys so the property were you can't earn that locally will be in lower.

Graham_Devon

ukcarper wrote: »

The house price is also average for Powys so the property were you can't earn that locally will be in lower.

Not that much lower.

This is the lowest priced terrace I can find in the area - and it's not like it doesn't need work.

http://www.rightmove.co.uk/property-for-sale/property-53435441.html

ukcarper

Graham_Devon wrote: »

Not that much lower.

This is the lowest priced terrace I can find in the area - and it's not like it doesn't need work.

http://www.rightmove.co.uk/property-for-sale/property-53435441.html

Seems cheap enough to me 3.75x After 10% deposit for 2 people one full time and 1 part time on minimum wage.

You keep telling me how easy it was for me back in the 70s but my first house was 5.3x my higher than median wage and I had to move 20 miles and commute.

Graham_Devon

ukcarper wrote: »

Seems cheap enough to me 3.75x After 10% deposit for 2 people one full time and 1 part time on minimum wage.

OK, were just going around in circles.

I don't know how I, or the other person can make it any clearer to you, yet you insist on stating the same thing over and over.

Please, just have a look at where Builth Wells is on a map. Have a look at where that house is! Good look hunting for your average wage full time job and part time job.....and for all that work, you get that "lovely" home?

http://www.indeed.co.uk/jobs-in-Builth-Wells

:wall::wall:

ukcarper

Graham_Devon wrote: »

OK, were just going around in circles.

I don't know how I, or the other person can make it any clearer to you, yet you insist on stating the same thing over and over.

Please, just have a look at where Builth Wells is on a map. Have a look at where that house is! Good look hunting for your average wage full time job and part time job.....and for all that work, you get that "lovely" home?

http://www.indeed.co.uk/jobs-in-Builth-Wells

:wall::wall:

There are part time jobs in Builth Wells and full time jobs within 20miles.

ukcarper

http://www.rightmove.co.uk/property-for-sale/property-50754257.html

http://www.environmentjob.co.uk/adverts/57324-business-liaison-assistant?utm_source=Indeed&utm_medium=organic&utm_campaign=Indeed

More jobs here https://jobsearch.direct.gov.uk/jobsearch/PowerSearch.aspx?jt=2&where=Builth+wells&rad=10&sort=rv.dt.di&pp=25&re=4&rad_units=miles&vw=b&setype=2