Houses are affordable!

ukcarper

Balabalabala_and_Volare wrote: »

Then wages will follow rent levels. Supply and demand. If you cannot get a cleaner for £7 an hour because they have to pay HUGE rents, then cleaners will attract a higher hourly rent. Housing Benefit, sadly, distorts this market at the taxpayers expense. The less government intrudes into markets, using taxpayers money, the better.

It will drive down standards of housing for the low paid, I agree housing benefits do distort the market but in large areas of the south east it is not possible to get accomadation at LHA rates.

Balabalabala_and_Volare

ukcarper wrote: »

It will drive down standards of housing for the low paid, I agree housing benefits do distort the market but in large areas of the south east it is not possible to get accomadation at LHA rates.

Then don't live in the SE if you have to rely on LHA. Simples.

GreatApe

ukcarper wrote: »

It will drive down standards of housing for the low paid, I agree housing benefits do distort the market but in large areas of the south east it is not possible to get accomadation at LHA rates.

Why are the low paid uniquely noble enough to live where they like forever including generation after generation?

I had to move out of kensington why is a postmen entitled to live in a 3 bedroom house in Hackney that cost £1 million?

sulphate

GreatApe wrote: »

Why are the low paid uniquely noble enough to live where they like forever including generation after generation?

I had to move out of kensington why is a postmen entitled to live in a 3 bedroom house in Hackney that cost £1 million?

Because Hackney needs postmen like every other area in the country, and the postmen need somewhere to live.

Balabalabala_and_Volare

GreatApe wrote: »

Why are the low paid uniquely noble enough to live where they like forever including generation after generation?

I had to move out of kensington why is a postmen entitled to live in a 3 bedroom house in Hackney that cost £1 million?

And there is the key to the housing crisis.... Expectation!

GreatApe

ukcarper wrote: »

It’s still 17x median full time earnings for London or 8.5x the joint earnings of two full time median earners.

Not everyone makes their living delivering post
If you had £50k of amazon shares 10 years ago they are worth nearly £1 million now
You are probably rolling your eyes at this point thinking who the hell owns amazon share...well surely more people in London than do outside of London! And that is just one example.
London is for the top 1/3rd of wealth and there are lots of wealthy people

Or even more modestly one of my old steelworker friends retired not long ago had a transfer out of his final salary pension and got over £600k very working class man £600k wealth plus owns his own house outright and has some savings and even has a small garage where he mends cars etc. He probably wont touch much of his pension and will end up passing down probably in excess of £800k to his two kids.

There is a lot of wealth in this country and is is spread far and wide

Balabalabala_and_Volare

sulphate wrote: »

Because Hackney needs postmen like every other area in the country, and the postmen need somewhere to live.

Then pay the postmen in hackney enough to afford to live there. But don't pay the unemployed in Hackney enough to inflate housing costs.

Red-Squirrel_2

GreatApe wrote: »

Dont worry I will build you a printer that sticks to your front door and when companies want to spam you with paper they can just print it straight into your house.

That is what productivity is. When human wages rise companies build new technologies or more productive practices and we all get richer from it

Whatever helps you sleep at night mate.

Balabalabala_and_Volare

GreatApe wrote: »

Not everyone makes their living delivering post
If you had £50k of amazon shares 10 years ago they are worth nearly £1 million now
You are probably rolling your eyes at this point thinking who the hell owns amazon share...well surely more people in London than do outside of London! And that is just one example.
London is for the top 1/3rd of wealth and there are lots of wealthy people

Or even more modestly one of my old steelworker friends retired not long ago had a transfer out of his final salary pension and got over £600k very working class man £600k wealth plus owns his own house outright and has some savings and even has a small garage where he mends cars etc. He probably wont touch much of his pension and will end up passing down probably in excess of £800k to his two kids.

There is a lot of wealth in this country and is is spread far and wide

But it would be spread far better for all if the state took a less intrusive roll.

GreatApe

sulphate wrote: »

Because Hackney needs postmen like every other area in the country, and the postmen need somewhere to live.

London does not need postmen but it does need deliver men but lets say they are both more or less the same.

Is there no one skilled enough in the 2 million residents of London council homes that can deliver post? What about the 60% of owners in London who bought when prices were much much cheaper and have already paid most their mortgages off. None of them can deliver post?

So while London needs people to deliver post it does not need people delivering post to be living in £500,000 homes paid for via housing benefits