Use 'student loans' to fix the housing problem?

chucknorris

GreatApe wrote: »

I feel you are perhaps too emotionally attached

Saying something is of little value is not necessarily attacking the honor of those providing that service. I think its reasonable to claim that a lot of degrees at a lot of universities offer little value from the fact that some 60% of the students gain so little value that they default on all or some of their loans. Saying the subject is useless is not the same as saying the person teaching the subject is useless.

With choice my guess is university attendance will more than halve. That means more than half the staff will be let go. However I would wager close to 100% of them will very rapidly get good work as they are smarter and more capable than the average person and we have an economy with full employment (the figures for unemployed more than 6 months is just 1.8% and some of those must be fake too people working but claiming at the same time)

I have no emotion about this, (the poster that I was replying to was talking about lectures having to work at Argos?). I simply want to defend all those lecturers who work very hard to help students. One of my main reasons to cut down to one day per week was not only that I wanted more 'me time', yes I agree, that sounds selfish. But I like to keep on top of things, and that means spending more hours than actually paid for, to do the job to what I consider a satisfactory and proper level. That is why I left industry, I worked far too many hours, when I don't need any more money, than what I already had. (it also became my third income, despite working full time versus two part time businesses).

GreatApe

Windofchange wrote: »

I can't be bothered anymore. You've found one person who seems to agree with you amongst many others who think you need sectioning. If this was such a great idea, it would have been done by now. Do let us know what your local MP thinks.

I'm not one to shoot myself in the foot
If this happened my inner London investments would probably be screwed.

One of the big reasons inner London has boomed over the last 20 years (much more than outer London. Inner London is up 10x vs outer at 5x) is because of the growth in university students who need to rent and also the associated university industrial complex that provides the goods and services to them. Maybe as many as a million people in london are students or working for the student industries or providing the goods and services for alls of them. And of course the fact that the kids who come to study in central London make friends or have relationships that keeps then in inner London even longer.

In fact I think I will need to start protesting that we are sending too few students to university especially the London universities. If we could expand university towards 100% of kids that can drive another million people mostly into inner London its all for the kids they deserve a university eaducation......

GreatApe

University college London is a good example of what is happening in inner London.
They were ~19,000 student in 2007 now they are 39,000 students in 2017.
That means double the demand for housing from just that one university

Not only did that add 21,000 students but also thousands of teaching and other staff at the university directly. Not to mention all the goods and services these students and staff need and hence more work into the area to meet that demand.

London is booming thanks to demand.

What's more the university has plans to open a new campus at Stratford which would potentially add another 25,000 students and of course huge numbers of staff and the workers to support all the goods and services all these people need.

Universities are one of the reason inner London has boomed

Windofchange

GreatApe wrote: »

University college London is a good example of what is happening in inner London.
They were ~19,000 student in 2007 now they are 39,000 students in 2017.
That means double the demand for housing from just that one university

I'm currently studying a masters at UCL. I have remained in my current house and have not increased the demand for student housing. The other 11 people on my course commute in largely from their marital homes. Lots of students study remotely from all over the world - have you read the slogan "London's Global University"? Yet another example of your inability to read beyond headlines. Housing demand hasn't anywhere near doubled.

GreatApe wrote: »

Not only did that add 21,000 students but also thousands of teaching and other staff at the university directly. Not to mention all the goods and services these students and staff need and hence more work into the area to meet that demand.

And you base these thousands of extra teaching jobs on what figures? You can look them up - it's very easy. Bet you haven't.

GreatApe wrote: »

London is booming thanks to demand.

What's more the university has plans to open a new campus at Stratford which would potentially add another 25,000 students and of course huge numbers of staff and the workers to support all the goods and services all these people need.

But let's hope that they aren't studying media studies or dance as you would propose not building that campus and dishing out free money instead.

GreatApe wrote: »

Universities are one of the reason inner London has boomed

But hang on a minute, you have been saying get rid of all the useless degrees and now you are stating the universities are one of the reasons that inner London has boomed? I thought the solution to getting everything super fabulous in life was giving children 60k to buy a house with!?

I'm assuming you won't see how wrong you are as per usual, so I won't wait up for a reply.

Windofchange

The above is actually the same as your inability to understand that not all migrants are poor. You see a number and think aha, that fits the point I’m trying to make. You then don’t critique what you put up, you just have diarrhoea all over the keyboard and finish with something along the lines of there, I’ve proven it.

Still waiting for you to explain the logic behind 50% of immigrants buying a house proving affordability by the way.

seven-day-weekend

GreatApe wrote: »

Its not just the job you do that makes you well off or not.

Someone can work a low paid job but have inherited half a million pounds and as such live an easy life

Not the case with my parents, I assure you.

Malthusian

Windofchange wrote: »

Do let us know what your local MP thinks.

Probably "We can't have people lose their jobs for being useless and adding no value, where would it end? Now go away, these researchers won't sexually assault themselves."

GreatApe

Windofchange wrote: »

I'm currently studying a masters at UCL. I have remained in my current house and have not increased the demand for student housing. The other 11 people on my course commute in largely from their marital homes. Lots of students study remotely from all over the world - have you read the slogan "London's Global University"? Yet another example of your inability to read beyond headlines. Housing demand hasn't anywhere near doubled.

And you base these thousands of extra teaching jobs on what figures? You can look them up - it's very easy. Bet you haven't.

But let's hope that they aren't studying media studies or dance as you would propose not building that campus and dishing out free money instead.

But hang on a minute, you have been saying get rid of all the useless degrees and now you are stating the universities are one of the reasons that inner London has boomed? I thought the solution to getting everything super fabulous in life was giving children 60k to buy a house with!?

I'm assuming you won't see how wrong you are as per usual, so I won't wait up for a reply.

You are a genius. How could I have been so wrong. You are right expanding universities add no demand to local housing everyone just commutes from their marital home and they don't spend a penny while they are there and no additional teaching or administration staff are added when universities expand. And they are not expanding anyway its all just done on the internet. The campus at Stratford they are building is probably to house the computers to serve their 30,000 over the internet students.

You will be a great success in life windy I can feel it in my bones.

GreatApe

Windofchange wrote: »

The above is actually the same as your inability to understand that not all migrants are poor. You see a number and think aha, that fits the point I’m trying to make. You then don’t critique what you put up, you just have diarrhoea all over the keyboard and finish with something along the lines of there, I’ve proven it.

Still waiting for you to explain the logic behind 50% of immigrants buying a house proving affordability by the way.

I have already explained this but you have conveniently forgotten about it

Housing is clearly affordable or even cheap in much of the country because the reinstatement value of houses in those areas is not far off the actual sale prices do you know what that means if you do know what that means then explain how you can consider housing expensive when the reinstatement cost is similar to the sale prices

Secondly as I have already mentioned multiple times to you in much of the country a repayment mortgage cost not much more than renting the local Social stock how can housing be in a bubble or so grossly over priced when a repayment mortgage is as cheap as the local Social stock?

While you sit there and sulk recent migrants have become homeowners at the rate of 50% longer term migrants have ownership rates of closer to 70% housing is clearly affordable despite your protests and crying

Going by your performance on these debates it seems that UCL has indeed had to reduce its quality to increase it's quantity

westernpromise

Doing something at UCL is a bit like working at Accenture or McDonalds, everybody's done it at some time or another. Every few years a town the size of Stafford is spawned from people who've done something or other at UCL.

The reason Windy can stay in his house is because he "brought" it previously. Probably he brought it from wherever he was living all the way to London. After he's done his McMaster's, he'll bring it somewhere else, and then he'll have brought a house elsewhere. So you see no new houses are bought, people just bring their old ones.