Borrow your deposit

lisyloo

Let's take a different tack.
If a slow stooze, borrowing a deposit and buying a flat in Derby is such a great idea, then why aren't young people doing it?

Because they haven't heard of loans? Or some other reason?

lisyloo

MatthewAinsworth wrote: »

We do get some commuters, but the price and the time are serious deterrents, and as you say, it'd only be for the better jobs, so that rules out a lot of the population

Some people I know are able to work from home now, thanks to technology. Really there's no overall need for cities or even towns anymore - or at least in the future

So Matthew, you're saying that travel is a serious deterrent but no-one needs to travel anymore?
That's a direct contradiction.

System

Young people are deterred by jobs, retirees on the other hand are free-er

The contradiction is to make it balanced, as London does have an effect on us, though its minor, were not free of travelling yet but tech is beginning to help

ukcarper

lisyloo wrote: »

No he didn't I did, because some people consider 2 hours to be commutable especially if they only need to be in the office 2 days a week and can work from home.

Personally like you I'm not keen on it, but some people do it.
I specifically said for people that don't have to be in the office every day, which is a lot of back office staff.

If you have to be in the office everyday you have no other choice other than to live in London or commute the amount you are willing to do. I couldn't work from home so I chose to commute if I only had to be in office twice a week I might have moved further out.

wotsthat

lisyloo wrote: »

The first one looks quite nice to me, so I have no issue with the flat itself.
The major difference is that London has loads of middle/high paid jobs.
I put my job title in for Derby and got zero matches - now that would be a big problem for me.
i didn't find much when I googled for main areas of employment in Derby, but my limited research shows that employment prospects (certainly for my area) are the major issue.

I was just providing evidence of reasonable flats for £65k within 2 hours commute of London rather than find you a job as well. I understand why there would be a c400k premium for the same flat in London.

The differential indicates most people don't use the East Midlands as a staging post for a daily London commute. If a 4 daily commute suddenly became entirely normal London price would crash.

wotsthat

lisyloo wrote: »

Let's take a different tack.
If a slow stooze, borrowing a deposit and buying a flat in Derby is such a great idea, then why aren't young people doing it?

Because they haven't heard of loans? Or some other reason?

I think one reason is that stoozing isn't mainstream. How many do you know engage in the sport?

Also houses are cheap and you won't be in your dotage by the time you've saved a deposit.

System

And in these cheaper towns a lot of people resign themselves to dole, out of those that work, a lot still rent and wouldn't know of stoozing

System

I even suspect its the limits on housing benefit that set house prices in some places - what's acceptable to a landlord

lisyloo

wotsthat wrote: »

I was just providing evidence of reasonable flats for £65k within 2 hours commute of London rather than find you a job as well?

My definition of reasonable included reasonable employment prospects in post #43.
For most of us it HAS to because we need to work, so I'm afraid a flat without a job doesn't work for me or most of the population.
The £450k flat with a good Job despite being stratospheric for a modest down market flat, is actually more viable than a £65k flat with no job.
Yes I know there are cheaper properties in areas with fewer jobs (or fewer good jobs) which is great for retired people but no good for anyone working.

Of course I could get a low paid job and move to Derby or up north.
I would not choose that and neither would millions of others which is why the house prices are low there I.e. Demand.

lisyloo

ukcarper wrote: »

If you have to be in the office everyday you have no other choice other than to live in London or commute the amount you are willing to do. I couldn't work from home so I chose to commute if I only had to be in office twice a week I might have moved further out.

Agree completely.
The less you commute the more you can tolerate on an individual journey.