£194,400 minimum wage

Graham_Devon

ukcarper wrote: »

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.

Younger people today make many sacrifices....just they are probably different challenges to when you grew up hence you probably don't understand the sacrifices, therefore due to your own failings, refuse to realise them.

Uni fee's are just one example. Moving away to secure jobs another. Job security is another and so on and so on.

We all deal with what we are handed. Just because a young person has a mobile phone, it doesn't mean they are spending money for the hell of it.

GreatApe

davomcdave wrote: »

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

If the woman is not working the man needs to get a median paying job rather than a minimum paying job.

Once the kid is 4-5 and in school the mother can work 9am-3pm x5 days = 30h a week

Also if the mother stops working this couple with two kids gets about £9k a year in benefits so they are almost in the same financial boat as before. The trick is to save their 5%-10% deposit buy the £100k house and then have the kids which is what the young couple I know did last year.

And once again we are talking about the worse case min wage jibs 90% earn more than that

GreatApe

Windofchange wrote: »

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.

You can have a car just not a £5k per year cost car

You can spend time with your kids and wife at home you don't need to go spend £100 a week getting drunk with your friends to try impress them

You don't need to work x hours or both work you need as a couple to have earnings such that 4 x your earnings plus deposit is enough to buy the house. For instance in Birmingham a combined £30k income would do. That is less than the median full time working man earnings. So it can be median man plus woman not working. Or man working for £10ph full time and woman working for 9ph half time. Or any other combination

All your doing is showing your confirmation bias. I prove homes are clearly affordable and you counter with deposita are impossible to save for people who don't want to save a Deposit.

economic

Graham_Devon wrote: »

Younger people today make many sacrifices....just they are probably different challenges to when you grew up hence you probably don't understand the sacrifices, therefore due to your own failings, refuse to realise them.

Uni fee's are just one example. Moving away to secure jobs another. Job security is another and so on and so on.

We all deal with what we are handed. Just because a young person has a mobile phone, it doesn't mean they are spending money for the hell of it.

people should only go to university if the expect a good return on their investment. its no good complaining how its unfair a arts students with 30k in student loans cant get a job, when it was the students fault for doing an arts degree in the frist place! students shouldnt do a degree solely to suit their interests. they should do it to make it useful in terms of their career and money.

a person can make do with a basic non-smart phone with a cheap contract (£10 a month). they dont need an iphone or any smartphone.

economic

GreatApe wrote: »

You can have a car just not a £5k per year cost car

You can spend time with your kids and wife at home you don't need to go spend £100 a week getting drunk with your friends to try impress them

You don't need to work x hours or both work you need as a couple to have earnings such that 4 x your earnings plus deposit is enough to buy the house. For instance in Birmingham a combined £30k income would do. That is less than the median full time working man earnings. So it can be median man plus woman not working. Or man working for £10ph full time and woman working for 9ph half time. Or any other combination

All your doing is showing your confirmation bias. I prove homes are clearly affordable and you counter with deposita are impossible to save for people who don't want to save a Deposit.

why is it so difficult to explain to these people when it is so obvious to us? perhaps its the entitlement culture? or that they simply are not that smart?

GreatApe

Graham_Devon wrote: »

Younger people today make many sacrifices....just they are probably different challenges to when you grew up hence you probably don't understand the sacrifices, therefore due to your own failings, refuse to realise them.

Uni fee's are just one example. Moving away to secure jobs another. Job security is another and so on and so on.

We all deal with what we are handed. Just because a young person has a mobile phone, it doesn't mean they are spending money for the hell of it.

The sacrifice young people need to make is to look for and get decent full time work.

GreatApe

economic wrote: »

why is it so difficult to explain to these people when it is so obvious to us? perhaps its the entitlement culture? or that they simply are not that smart?

Tribal affiliation and confirmation bias.

Most likely the crash cheerleaders are mostly single men on less than the median full time male wage making little to no effort

economic

GreatApe wrote: »

Tribal affiliation and confirmation bias.

Most likely the crash cheerleaders are mostly single men on less than the median full time male wage making little to no effort

that describes me but im not crash cheerleader.

it must be the entitlement culture where everyone deserves an iphone, takeout coffee, nice property in a nice area all whilst having a child or two.

GreatApe

economic wrote: »

people should only go to university if the expect a good return on their investment. its no good complaining how its unfair a arts students with 30k in student loans cant get a job, when it was the students fault for doing an arts degree in the frist place! students shouldnt do a degree solely to suit their interests. they should do it to make it useful in terms of their career and money.

a person can make do with a basic non-smart phone with a cheap contract (£10 a month). they dont need an iphone or any smartphone.

Fully grown adults were supposedly miss sold PPI and they get compo

Asking a kid of 17 who has never had a job knows nothing of taxes or income or anything really to make a £30-50k decision mostly based on hope and fear and without being informed properly and that's not scamming the kids?

All university should be paid by the kids themselves upfront no loans. Yes the numbers would crash 70% and that's exactly what's needed. The kids that don't go will have 3-4 years of addition paid employment which in most cases will mean they are better off

economic

GreatApe wrote: »

Fully grown adults were supposedly miss sold PPI and they get compo

Asking a kid of 17 who has never had a job knows nothing of taxes or income or anything really to make a £30-50k decision mostly based on hope and fear and without being informed properly and that's not scamming the kids?

All university should be paid by the kids themselves upfront no loans. Yes the numbers would crash 70% and that's exactly what's needed. The kids that don't go will have 3-4 years of addition paid employment which in most cases will mean they are better off

yes very true. i agree at 17 kids dont have a clue about debt. but banning student loans is not the answer as students who want to study worthwhile degree but cant afford it will be disadvantaged. so i think what makes more sense is education in school about personal finance and student loans. then its upto the kid to make the decision and suffer any consqeuences that may result in taking on student debt.