"Housing Market Slumps"

BikingBud

GreatApe wrote: »

If there was a labor shortage in London, which there clearly isn't with +100,000 annual population, then the sectors which had a shortage would adapt in many ways one of which might be reducing the entry requirements or others might be to set up much faster more effective training programs. Of course there are multiple more ways a shortage can be tackled (not just for nurses for most things) with things like software and hardware, with changes in regulation, with people entering the workforce sooner and leaving later, with people working more hours etc etc

Needless to say London has no shortgage of labor and can take care of itself it does not need you as guardians of Londons labor shortgage

Again I don't care about London but really; downskill the tube or tram driver, the bus drivers, the policemen, the teachers, the shop staff, the restaurant staff, the people who work in the museums and other tourist attractions, reality not somewhere you visit often is it?

economic

BikingBud wrote: »

Again I don't care about London but really; downskill the tube or tram driver, the bus drivers, the policemen, the teachers, the shop staff, the restaurant staff, the people who work in the museums and other tourist attractions, reality not somewhere you visit often is it?

once these low skilled jobs can be automated and robotics takes their place then there will no need for them unless they reskill into something more useful and in demand.

the fact that people are struggling by shows they need to reskill into something else. if their budget is tight they will simply have to pay their shelter and food, everything else will need to be put on hold.

BikingBud

economic wrote: »

once these low skilled jobs can be automated and robotics takes their place then there will no need for them unless they reskill into something more useful and in demand.

the fact that people are struggling by shows they need to reskill into something else. if their budget is tight they will simply have to pay their shelter and food, everything else will need to be put on hold.

So at least you recognise they are struggling :T just try a little harder, I know thinking on a Sunday can be difficult but it's only a short step to say; "houses are unaffordable." Go on it won't choke you.

Anyway now they are out of work and have even less resource to work with. You do want serfs back don't you?

economic

BikingBud wrote: »

So at least you recognise they are struggling :T just try a little harder, I know thinking on a Sunday can be difficult but it's only a short step to say; "houses are unaffordable." Go on it won't choke you.

Anyway now they are out of work and have even less resource to work with. You do want serfs back don't you?

houses are unaffordable for some. they always have been. I never said otherwise.


they will have less resources to work with if they don't reskill/work hard/make sacrifices. its a simple fact that if they are struggling on low wages or no wages they will just have to make do with the most basic of things - basic food and shelter. they shouldn't go on holidays. spend money on clothes etc. when you do all this then they should have some savings each month to build a decent nest egg over the years.

Windofchange

GreatApe wrote: »

If there was a labor shortage in London, which there clearly isn't with +100,000 annual population...

London hospitals have 10,000 vacancies for nurses alone that they cannot fill.

http://www.bbc.co.uk/news/uk-england-london-35242993

GreatApe wrote: »

then the sectors which had a shortage would adapt in many ways one of which might be reducing the entry requirements or others might be to set up much faster more effective training programs.

Yup because you want 17 year old Bazza with a GCSE in art and PE to be in charge of dosing your medications correctly when you're unwell, or performing life saving procedures / assisting in theatres when your stomach is being cut open. That sounds like a fantastic idea.

GreatApe wrote: »

Of course there are multiple more ways a shortage can be tackled (not just for nurses for most things) with things like software and hardware, with changes in regulation, with people entering the workforce sooner and leaving later, with people working more hours etc etc

We're a long way off the Nursatron 4000 coming and tending to your needs alongside data from the starship enterprise. We haven't even got electronic notes in my trust and we still use faxes. As for working more hours, you seem to have missed the recent doctors strikes? Yeah, let's just work 7 days a week and see what happens. Oh, people die and staff quit.

GreatApe wrote: »

Needless to say London has no shortgage of labor and can take care of itself it does not need you as guardians of Londons labor shortgage

What's a shortgage? There's no shortage of 14 year olds who'd love to drive a car - should we lower the licensing age? There's no shortage of 4 year olds who want to be airline pilots - should we let them fly? You have no shortage of silly ideas, should we let you be prime minister?

GreatApe

BikingBud wrote: »

You continue to miss the point I don't care what you earn it might be 3 figure or 6 figures. Although your offering of £475 does indicate that you don't want to spend much! The figure might be between 71/2% (£75k) or 28% (£28k) but you will not get much for that in reality. Possibly £100k-110k and it's not just about starter terraces, these are real people with real jobs and with families scraping buy on often much less than £28k.

Affordability is about how much of your cash you are able to spend on something.

Would you spend 100% of your money on a pint of beer?

Would you spend 50% on a pint?

or maybe 0.5% perhaps?

Would you spend 100% on housing? or 50% or 30%?

You can chose to have beer or not, your life will not be affected to any degree.

However the fact that you are paying a significant proportion of your wage on housing costs those things become luxuries, along with holidays, clothing, running a car, getting a hair cut, going to the dentist, buying food etc. Living is unaffordable due to excessive housing costs.

Whereas if you pay 30% of your wage then chances are you can do the other things that are an essential part of life and if you are really lucky and only pay ~20% you might be able to have a few holidays.

That is the reality that most people have to deal with daily as they consider how far their cash will spread. Using multiples of income ensured that allowance was made for other living expenses, the multiples have crept up and the period of the loan has crept up to accommodate increasing prices, becoming unaffordable.

You do talk a lot of nonsense

Social homes are cheap. If you can buy a house with a mortgage and pay less than it would cost to rent the social home then clearly the purchased house is also cheap

By the way I did a table which showed the cheapest region was 9% of joint full time median take home and the 8th cheapest was 15% of joint full time median income.

So as I keep saying 8 regions are very cheap they cost less than the social stock. they cost far less than 30% of a couple on full time median incomes earn in those regions

GreatApe

BikingBud wrote: »

So at least you recognise they are struggling :T just try a little harder, I know thinking on a Sunday can be difficult but it's only a short step to say; "houses are unaffordable." Go on it won't choke you.

Anyway now they are out of work and have even less resource to work with. You do want serfs back don't you?

Houses are unaffordable full stop? Irrespective of what they cost?

You are saying that with your confirmation bias not allowing you to see how foolish your views are

The fact that poor people exist is not proof of unaffordable homes just like the fact that poor people exist is not proof that food is unaffordable


The fact that buying starter homes in 8 region cost less than renting the social homes is good proof that homes are not just affordable but cheap.

The fact that in 8 regions a repayment mortgage costs less than 15% of joint full time median wages is good proof that homes are not just affordable there but cheap

Your argument that the cheapest region in the UK is also unaffordable is clearly just your confirmation bias.

Ask yourself this is the cheapest town in the cheapest region also unaffordable. That title might go to for example stoke on Trent is stoke also unaffordable?

GreatApe

Windofchange wrote: »

London hospitals have 10,000 vacancies for nurses alone that they cannot fill.

http://www.bbc.co.uk/news/uk-england-london-35242993



Yup because you want 17 year old Bazza with a GCSE in art and PE to be in charge of dosing your medications correctly when you're unwell, or performing life saving procedures / assisting in theatres when your stomach is being cut open. That sounds like a fantastic idea.



We're a long way off the Nursatron 4000 coming and tending to your needs alongside data from the starship enterprise. We haven't even got electronic notes in my trust and we still use faxes. As for working more hours, you seem to have missed the recent doctors strikes? Yeah, let's just work 7 days a week and see what happens. Oh, people die and staff quit.



What's a shortgage? There's no shortage of 14 year olds who'd love to drive a car - should we lower the licensing age? There's no shortage of 4 year olds who want to be airline pilots - should we let them fly? You have no shortage of silly ideas, should we let you be prime minister?

If the shortage of people or their skills was actually a problem then London would not be an attractive place to live so why is the population growing so much?

Thrugelmir

GreatApe wrote: »

Plenty of London residents would like to be Nurses who are currently on much worse terms and pay.

Our local hospital goes to Ireland and holds recruitment days. Such is the difficulty in recruiting.

GreatApe

Thrugelmir wrote: »

Our local hospital goes to Ireland and holds recruitment days. Such is the difficulty in recruiting.

I am not sure that is evidence for what you think it is

my first job out of university was in Redcar which was 150 miles away, a graduate training program at an engineering company. There were about a dozen of us from all over the country and notably none of us where from the local area. So would it make sense for that engineering company to say something like ....our company goes to London and holds recruitment events, such is the difficulty in recruiting?

No I dont think so, the fact that companies recruit far and wide is just a fact of the modern world.


Going further im not sure you can get a shortage of anything in a capitalist free market society. Surely the price just moves to balance supply and demand.