UK Affordability still very good

Windofchange

GreatApe wrote: »

1930s children
10 kids, 6 receive nothing, 3 receive a 2 bedroom house each and one gets a 4 bedroom house

Bag of wind = this looks fantastic its a nice even distribution of wealth

1970s children
10 kids, 3 recieve nothing, 4 recieve a 3 bedroom house, 2 recieve a 4 bedroom house and 1 recieves a 10 bedroom mansion and £10 million in shares

Bag of wind = this looks terrible its all spread unevenly the top 10% get almost all of it its shows exactly what Ive been saying that the top 10% get most and the other 90% get almost nothing


GreatApe .... W....T.....F

I thought you had got 100% on some mathematics papers earlier?

From the IFS numbers that you posted.

Take an economy with £1 million in it and 10 people dying and giving inheritances to two children each.

2 kids get £200k each
2 kids get £125k each
6 kids get £41 and a bit k each
10 kids get £10k each

4 kids can put down a nice deposit on a house.
4 kids can put down a reasonable deposit on a house.
6 kids it's pretty dubious but might help them
10 kids no chance.

So many assumptions, but you like those so let's run with it. What if you inherit aged 60? What if you don't need to buy a property? What if you want to pay off debts? You could go on and on.

Again, the underlying stats show that home ownership is plummeting amongst all age groups under the age of 65. If all this inheritance money is pumping up the economy where is the proof?

Windofchange

economic wrote: »

what would make a better long term investment: London property or global stocks?

Oh, stop polluting the thread bah wah wah.

Let me guess, the answer is property and you can take us on a 20 page tour of abstract reasoning to prove it?

ukcarper

economic wrote: »

but could have gifts.

29% obviously have.

ukcarper

Windofchange wrote: »

Oh, stop polluting the thread bah wah wah.

Let me guess, the answer is property and you can take us on a 20 page tour of abstract reasoning to prove it?

If we new the answer and had enough money to invest in the long term we could be millionaires Rodney .

System

Just thought this was a good time to point out that the average person doesnt need to be able to buy the average house to sustain current prices. Little reality check

ukcarper

Joeskeppi wrote: »

Just thought this was a good time to point out that the average person doesnt need to be able to buy the average house to sustain current prices. Little reality check

We are talking about average person buying average house or house prices being sustained just affordablity for FTBs.

Windofchange

Joeskeppi wrote: »

Just thought this was a good time to point out that the average person doesnt need to be able to buy the average house to sustain current prices. Little reality check

This is true. If the wealthy buy up huge lumps of it then it'll keep on running a la Chuck Norris on here who owns half of London by the sounds of things.

And there you have it - those who are older benefitting. The young(er), not so much.

Graham_Devon

ukcarper wrote: »

That's the figures I used in my original post if they didn't earn that much they would get a bit enough mortgage, which is the point I was trying to make if you earn enough to get mortgage you can save deposit.

The problem is earning enough to get mortgage not saving deposit.

It doesn't really make much difference.

If you earn less, you can save less.

Saving a deposit for a lower priced house is still the same struggle if you have less income to save, as living costs will be pretty much the same.

System

ukcarper wrote: »

We are talking about average person buying average house or house prices being sustained just affordablity for FTBs.

Did you mean "aren't"?

If so, ok, i don't see why you lot spend so much time arguing about something that just is. What do you want to achieve. If you win the argument with great ape, nothing changes.

Windofchange

Joeskeppi wrote: »

Did you mean "aren't"?

If so, ok, i don't see why you lot spend so much time arguing about something that just is. What do you want to achieve. If you win the argument with great ape, nothing changes.

It fills a bit of time on an otherwise uneventful bank holiday weekend. Nobody will ever win the argument. This thread has just gone the way of the others - he posts something that doesn't stand up to any scrutiny and there follows 20 pages of confusion.

We have had some real gems in here though such as marrying 80 year olds, asking your first date how much she earns and what her inheritance is, him knowing what young women think and do, boasts about 100% in maths exams, a constantly changing set of figures and numbers. It has been a journey through the mind of a madman.