A Millennial Speaks out

ukcarper

Graham_Devon wrote: »

I never said it was unaffordable. Please quote me if that's what I have said.

I merely responded to the poster with the figures posed as a question.

All I have said is that on £18k a year, I'd struggle to save a £12,000 deposit. I don't think that's all that absurd. But, yer, whatever

Two people both on minimum wage one full time one half a week, take home £2000 a month, 1 bed flats available in Oldham for £390k and you could save £12k over a couple of years that’s £500 a month.

Graham_Devon

ukcarper wrote: »

Two people both on minimum wage one full time one half a week, take home £2000 a month, 1 bed flats available in Oldham for £390k and you could save £12k over a couple of years that!!!8217;s £500 a month.

I don't disagree.

But as I laid out above, AND placed in bold to try and highlight it. That wasn't the question asked! The question was "how much would this cost someone on their own"

I don't know what else to say really. You have accused me of stating it's unafforable (I haven't) and are now trying to prove to me it's affordable for a couple (I agree).

But that still wasn't the question posed or the question I answered.

Anyway, this is clearly a little pointless, so I shall leave you to it

ukcarper

Graham_Devon wrote: »

I don't disagree.

But as I laid out above, AND placed in bold to try and highlight it. That wasn't the question asked! The question was "how much would this cost someone on their own"

I don't know what else to say really. You have accused me of stating it's unafforable (I haven't) and are now trying to prove to me it's affordable for a couple (I agree).

But that still wasn't the question posed or the question I answered.

Anyway, this is clearly a little pointless, so I shall leave you to it

Well the answer to that is £576 month with a 4% mortgaged they had to pay full amount so would need to be earning around £25k

But then you qouted average earnings which is irrelevant. But the you werent purely answering question but trying to make a point.

Graham_Devon

ukcarper wrote: »

Well the answer to that is £5763 month with a 4% mortgaged they had to pay full amout

But then you qouted average earnings which is irrelevant. But the you werent purely answering question but trying to make a point.

I quoted average earnings in the Oldham area as that's the average earning of a single person.

I was simply using data to say how much it would cost and how much an average single person may earn.

Why you have taken such issue with this I really don't know.

It's very relevant how much an average person may earn when looking at affordability of a specific house in a specific area. I'm confused as to how you think it's irrelevant. What should I have done? Used a London wage? A couples wage to show affordability for a single person? Confused.com :huh:

And I know what the answers are, I'd given them, and we agree there too (minus your typo) :undecided

ukcarper

Graham_Devon wrote: »

I quoted average earnings in the Oldham area as that's the average earning of a single person.

I was simply using data to say how much it would cost and how much an average single person may earn.

Why you have taken such issue with this I really don't know.

It's very relevant how much an average person may earn when looking at affordability. I'm confused as to how you think it's irrelevant. :huh:

And I know what the answers are, I'd given them, and we agree there too (minus your typo) :undecided

So weren!!!8217;t saying that someone on average earning of part time and full time couldn!!!8217;t afford it and trying to make a point.

Graham_Devon

ukcarper wrote: »

So weren!!!8217;t saying that someone on average earning of part time and full time couldn!!!8217;t afford it and trying to make a point.

Sorry mate, not a clue what you just said.

:beer:

ukcarper

What!!!8217;s going on with my post when I type weren!!!8217;t it up up like this

Cakeguts

ukcarper wrote: »

Two people both on minimum wage one full time one half a week, take home £2000 a month, 1 bed flats available in Oldham for £390k and you could save £12k over a couple of years that’s £500 a month.

The point I am trying to make is that if someone on £18k in Oldham did a house share of a £500 a month house paying £250 a month they would be able to save enough to get the deposit buy a £65k 2 bed house.

What would be the most stupid thing to do would be to accept a job in London paying £25k or £30k a year just because the salary was higher without doing the research to find out if you could afford to buy a house on that. What I think is happening is just that. People are doing the move to London to get paid more without doing any research into how that higher salary compares to living costs. This is why I can't get upset about the people who are complaining that they can't afford to buy a house there. Of course they can't they don't earn enough. They would be better off on £18000 in Oldham because in Oldham that £18,000 is enough.

How can you possibly think you are going to get a "graduate" job if you can't do this simple comparison.

The point is that people can afford to buy houses in London because they are being sold and not all of them to overseas buyers. You don't really have a right to complain if you didn't do the research.

In the example we have a Journalist who managed to research for the article but didn't research the buying power of £40k in London. So for a start the whole thing is a bad example.

ukcarper

ukcarper wrote: »

So weren!!!8217;t saying that someone on average earning of part time and full time couldn!!!8217;t afford it and trying to make a point.

Website doesnt seem to like apostrophes so

So werent saying that someone on average earning of part time and full time couldnt afford it and trying to make a point.

ukcarper

Cakeguts wrote: »

The point I am trying to make is that if someone on £18k in Oldham did a house share of a £500 a month house paying £250 a month they would be able to save enough to get the deposit buy a £65k 2 bed house.

What would be the most stupid thing to do would be to accept a job in London paying £25k or £30k a year just because the salary was higher without doing the research to find out if you could afford to buy a house on that. What I think is happening is just that. People are doing the move to London to get paid more without doing any research into how that higher salary compares to living costs. This is why I can't get upset about the people who are complaining that they can't afford to buy a house there. Of course they can't they don't earn enough. They would be better off on £18000 in Oldham because in Oldham that £18,000 is enough.

How can you possibly think you are going to get a "graduate" job if you can't do this simple comparison.

The point is that people can afford to buy houses in London because they are being sold and not all of them to overseas buyers. You don't really have a right to complain if you didn't do the research.

In the example we have a Journalist who managed to research for the article but didn't research the buying power of £40k in London. So for a start the whole thing is a bad example.

I can see the point that you are making and I agree if people are going to move they need to take in account the cost of living in that area and not just possible wages. But its not as easy as that if like me you were born close to London and if we all move to cheaper areas there would be no jobs in those areas.