"Housing Market Slumps"

Thrugelmir

GreatApe wrote: »

If a person on £35k can buy in half the country, which they can, then I see no issue

Then you hit the issue of recruitment for posts. As nurses are on a National Scale. Why consider a job in much of the south east. When you buy a 4 bed house and have a better quality of life in other parts.

GreatApe

Thrugelmir wrote: »

Then you hit the issue of recruitment for posts. As nurses are on a National Scale. Why consider a job in much of the south east. When you buy a 4 bed house and have a better quality of life in other parts.

And yet London population grows by 2000 people per week every week

economic

Thrugelmir wrote: »

Then you hit the issue of recruitment for posts. As nurses are on a National Scale. Why consider a job in much of the south east. When you buy a 4 bed house and have a better quality of life in other parts.

which is why many of the nurses are immigrants. its a low paying job which not many want to do, which is perhaps why they hire immigrants from poorer countries to do the job instead?

BikingBud

So we are back to the serfs again?

BikingBud

economic wrote: »

which is why many of the nurses are immigrants. its a low paying job which not many want to do, which is perhaps why they hire immigrants from poorer countries to do the job instead?

Not many want to or just cannot afford to live in the area if they do?

ukcarper

economic wrote: »

who cares?

I don't particularly but it does show not as many people as you and greatly seem to think will get a big inheritance.

GreatApe

ukcarper wrote: »

I don't particularly but it does show not as many people as you and greatly seem to think will get a big inheritance.

How do you come to that conclusion?

You don't even need to guess the ONS published the amount of inheritances and how they are distributed so why not use that information. From memory its over £70 billion annually and rising and distributed quite widely
Oh and those figures are out of date it's likely closet to £100 billion annually and those don't include trusts or gifts

ukcarper

GreatApe wrote: »

How do you come to that conclusion?

You don't even need to guess the ONS published the amount of inheritances and how they are distributed so why not use that information. From memory its over £70 billion annually and rising and distributed quite widely
Oh and those figures are out of date it's likely closet to £100 billion annually and those don't include trusts or gifts

The figures of wealth distribution are from 2014 and also show that 45% of total wealth is held by the top 10% of households.

economic

ukcarper wrote: »

The figures of wealth distribution are from 2014 and also show that 45% of total wealth is held by the top 10% of households.

probably enough to sustain the demand in london property.

ukcarper

economic wrote: »

probably enough to sustain the demand in london property.

Obviously demand is being sustain in London but what has that got to do with affordablity for the majority.