£194,400 minimum wage

Graham_Devon

ukcarper wrote: »

The figure I quoted is take home pay.

You can ignore all those basic living costs that are published and work out what they would actually need in the short term, they should be saving before they have children and making lots of sacrifices.

They should be this, they should be that, and 3 little pigs really did blow the house down.

If only life was as simple as you paint. We'd all be incredibly happy, no one would ever suffer the slight bit of poverty, no one would have any debt, no one would have to pay tuition fees to better themselves, the car would never need a new tyre and the freezer would never, ever, break.....and walking into the wardrobe really would transport you to Narnia.

What you write is nothing but the stuff of fairytales. Unfortunately, life isn't a fairytale.

Cakeguts

Graham_Devon wrote: »

They should be this, they should be that, and 3 little pigs really did blow the house down.

If only life was as simple as you paint. We'd all be incredibly happy, no one would ever suffer the slight bit of poverty, no one would have any debt, no one would have to pay tuition fees to better themselves, the car would never need a new tyre and the freezer would never, ever, break.....and walking into the wardrobe really would transport you to Narnia.

What you write is nothing but the stuff of fairytales. Unfortunately, life isn't a fairytale.

I think I have put this somewhere else on this thread but it is common knowledge that in the North West a couple earning the minimum wage can and do buy houses. It is only really in the South East that people can't do it and that is a problem for the South East it isn't a problem for the rest of the country.

davomcdave

A friend of mine owns a house in the north.

True story.

GreatApe

So I post a thread showing houses are affordable in 7-8 regions for a couple on the min wage.

Somehow the counter to that argument is that a couple in their 40s with three kids and £15k in debt on credit cards and a broken fridge and £5ka car running costs can't save a deposit?

What sort of argument is that? Your arguing specific cases of people find it hard or impossible to save a deposit. So what? If house prices fell 30% that family would be just as incapable of saving a deposit and thus just as incapable of buying. It tells us the problem is the couple in your example not that the problem is the housing market.

Also I don't agree that a couple with kids would find it impossible to save. Kids can cost as little or as much as you want them to cost.

And for the 10th time this is a couple on the min wage and the vast majority earn more than min wage. If they were on the median wage you could double their income figures.

davomcdave

GreatApe wrote: »

Also I don't agree that a couple with kids would find it impossible to save. Kids can cost as little or as much as you want them to cost.

And for the 10th time this is a couple on the min wage and the vast majority earn more than min wage. If they were on the median wage you could double their income figures.

LOL. How is a woman (it is almost always the woman) going to hold down her minimum wage job while paying for child care?

Windofchange

GreatApe wrote: »

Your arguing specific cases of people find it hard or impossible to save a deposit.

Oh the irony. You have spent the entire thread arguing specific cases. Got to be childless, got to be both be working full-time, got to not have a car, got to never go out or socialise.

Windofchange

ukcarper wrote: »

I think that's the problem people keep saying how easy things were in the past but if people just got married rented and had children they would not have been able to save just as now.

I accept there is a problem with prices in relation to earnings in many areas but what I don't accept is that if you earn enough to get mortgae its not posible to save.

I dont see what Jeremy Kyle has to do with this discussion if you are going to behave like the people on his show you should not expect to buy a house.

I was making the point that although you may have been responsible and saved etc etc, you just have to look around and see that there are a lot of people who don't or won't.

We're trying to blanket assume that everyone who earns minimum wage can get a house. As already stated, this may be the case for the ideal no children, no car, no social life etc etc couple, but they are not the norm. The norm is quite probably somewhere between that and the Jeremy Kyle families, so a couple who do go out for meals, or do have an unplanned pregnancy etc.

As others have pointed out on this thread, life isn't full of kittens and roses for a lot of the poorer end of society.

economic

Windofchange wrote: »

I was making the point that although you may have been responsible and saved etc etc, you just have to look around and see that there are a lot of people who don't or won't.

We're trying to blanket assume that everyone who earns minimum wage can get a house. As already stated, this may be the case for the ideal no children, no car, no social life etc etc couple, but they are not the norm. The norm is quite probably somewhere between that and the Jeremy Kyle families, so a couple who do go out for meals, or do have an unplanned pregnancy etc.

As others have pointed out on this thread, life isn't full of kittens and roses for a lot of the poorer end of society.

keep inmind we are talking about the poor people being able to afford the average house. we have proven potentially it can be done as a young couple with no kids. we are talking about young people in 20s or early 30s here. when people have kids its usually in the mid 30s now, and by that time they have the possibility to build up their savings to be able to afford with a smaller mortgage.

this all shows property is affordable and even cheap with the exception of london/SE where it is expensive but no way is it a bubble. can we all agree on this at least?

ukcarper

Graham_Devon wrote: »

They should be this, they should be that, and 3 little pigs really did blow the house down.

If only life was as simple as you paint. We'd all be incredibly happy, no one would ever suffer the slight bit of poverty, no one would have any debt, no one would have to pay tuition fees to better themselves, the car would never need a new tyre and the freezer would never, ever, break.....and walking into the wardrobe really would transport you to Narnia.

What you write is nothing but the stuff of fairytales. Unfortunately, life isn't a fairytale.

It is not easy or has ever been easy to save a deposit, the only exception was the period when 100% mortgages were available. I don't think life is simple and people face many problems I did not have a privaliged up breaking and have never earned mega money. I had to make the sacrifices you and many people are not prepared to make. The thing that made it hard for me was not saving but the size of mortgage I could get.

ukcarper

Windofchange wrote: »

I was making the point that although you may have been responsible and saved etc etc, you just have to look around and see that there are a lot of people who don't or won't.

We're trying to blanket assume that everyone who earns minimum wage can get a house. As already stated, this may be the case for the ideal no children, no car, no social life etc etc couple, but they are not the norm. The norm is quite probably somewhere between that and the Jeremy Kyle families, so a couple who do go out for meals, or do have an unplanned pregnancy etc.

As others have pointed out on this thread, life isn't full of kittens and roses for a lot of the poorer end of society.

No what I am saying that it is posible in many areas it is posible for two people on minimum wage to buy a house, the fact that they choose not to or can't make effort is not relevant.