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27k salary, I want to buy a house in England

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Comments

  • Dird
    Dird Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    Innys1 wrote: »
    Loyalty to your employer is a waste of effort these days.

    Yeah, once I've been here long enough to qualify for LGPS I'll be looking elsewhere
    Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
    Cashback sites: £900 | £30k in 2016: £30,300 (101%)
  • Arklight
    Arklight Posts: 3,184 Forumite
    Ninth Anniversary 1,000 Posts
    thequant wrote: »
    Typical entry level jobs in London pay £30k in my experience, with a 4 years experience you would expect to be on substantially more than that.


    The problem with the whole house price debate, where high house/earnings ratios are cited as evidence of unaffordability, is the public perception that wages in the £20k-£30k bracket are considered "decent".


    However it is not, it is a poor wage. As pointed in my original post. Plenty of skilled/semi skilled positions pay substantially more than this.


    If House prices are too high, then who are buying them ? Why do they keep rising ? They do because lots of people earn the money that is needed to buy these properties.

    If you can't afford to buy, then stop blaming high house prices and start asking why do you earn such a low wage and start to rectify it.

    With your user name, presumably you work in Banking - with all the myopic goldfishbowl ignorance of the 6 billion people you share a planet with, that that engenders.

    If you think that entry level jobs start at £30k then I would invite you to suggest some.

    Apart from Tube drivers, who earn more than you state, for pushing a lever and pressing a button, your opinion of the salaries of the professions you listed are at variance with the facts.

    A taxi driver may well gross £50k a year, out of which he has to pay all his costs, himself a salary, and the loan MOT, insurance and services on a £60k vehicle.

    Your opinion about plumbers' salaries comes from the Daily Mail in 2003. They also have to pay their own costs, certification, training courses, tools, materials, indemnity insurance.
  • emsywoo123
    emsywoo123 Posts: 5,440 Forumite
    Angry_Bear wrote: »
    It's likely (although I don't know if it's always true) that your lecturer will be employed as an RA who is also doing a bit of lecturing rather than employed as a lecturer. Certainly that was the case for a few people when I was still at uni. Although in some areas it's becoming popular to try to get people who have worked in industry - I don't know if the same post-grad requirements would be needed.

    Nope, he is a fully employed lecturer. I only know this as I work for the same educational establishment :D

    We are outside London however; our rules are WILD!! :rotfl:
  • Dird
    Dird Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    Arklight wrote: »
    If you think that entry level jobs start at £30k then I would invite you to suggest some.
    https://targetjobs.co.uk/search/all/focus/ad_vacancy
    Filter on England - Greater London
    Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
    Cashback sites: £900 | £30k in 2016: £30,300 (101%)
  • Angry_Bear
    Angry_Bear Posts: 2,021 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker PPI Party Pooper
    emsywoo123 wrote: »
    Nope, he is a fully employed lecturer. I only know this as I work for the same educational establishment :D

    We are outside London however; our rules are WILD!! :rotfl:
    Haha, me too ... which is why I can't comment on the rest of the discussions around London pay ;).
    Do you not know that a man is not dead while his name is still spoken?
    ― Sir Terry Pratchett, 1948-2015
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