Do you want house price to rise or fall?

GreatApe

ukcarper wrote: »

I've said all along I want reasonable accommodation that is secure at a a price that is affordable to low paid workers

Homes are affordable for even the lowest paid

A couple on min wage working full time get £2,300 per month post taxes. Set aside £300 for household bills £300 for food and £200 for other and they have £1,500 a month remaining.

And most regions the average rent is below £700 and they dont need the average they earn the very lowest wage so can rent something lower end if they need to

Either way the solution is to progress away from min wage work not to expect the housing stock to fall in value so much so the very lowest paid can buy or rent nice houses.

GreatApe

ukcarper wrote: »

You are another person who seems to confuse being homeless with having reasonable secure accommodation.

It looks like to me you are playing games.
What exactly does reasonable secure accommodation mean?
Do you mean everyone should be able to buy their own home or rent from the council? eg private renting is not reasonable secure accommodation?

Even if that is your criteria almost everyone falls into those two groups. Private rental, which is secure imo but lets go with the notion that it isn't, is for the vast majority of private renters a temporary transitional tenure. The vast majority do buy or get put into social housing.

Also interestingly last year for the first time in a long time the private rental sector shrunk

GreatApe

This would be a more interesting question UKCarper.

In 2005 did you think everything was hunky dory or would you have made similar arguments?
Because in 2005 we had pretty much for all intents everyone in either owned homes or in social. The small 10% in private rentals were almost wholly transitional tenants that wanted/needed to be renting privately.

ukcarper

GreatApe wrote: »

It looks like to me you are playing games.
What exactly does reasonable secure accommodation mean?
Do you mean everyone should be able to buy their own home or rent from the council? eg private renting is not reasonable secure accommodation?

Even if that is your criteria almost everyone falls into those two groups. Private rental, which is secure imo but lets go with the notion that it isn't, is for the vast majority of private renters a temporary transitional tenure. The vast majority do buy or get put into social housing.

Also interestingly last year for the first time in a long time the private rental sector shrunk

If you have no children and are young the present private rental system is OK but if you want to have a family you need more security than the present private rental market offers. As it is low paid workers often have to rely on LHA and that in itself reduces amount property available.

In many parts of the country it's impossible for median wage earners to buy property and in those areas rents take up a very large percentage of the take home pay of low paid workers. Where I am £1000 a month rent plus £180 council tax take home pay minimum wage £1300.

GreatApe

ukcarper wrote: »

If you have no children and are young the present private rental system is OK but if you want to have a family you need more security than the present private rental market offers. As it is low paid workers often have to rely on LHA and that in itself reduces amount property available.

In many parts of the country it's impossible for median wage earners to buy property and in those areas rents take up a very large percentage of the take home pay of low paid workers. Where I am £1000 a month rent plus £180 council tax take home pay minimum wage £1300.

Yet somehow the vast majority own or get a social rented property.
The vast majority of private renters only rent privately temporarily.
You are inventing problems that dont really exist

Sure in a few areas median earnings cant buy median homes, but guess what people buy homes with wealth and other earnings not just job earnings. Take everything into account and housing is super affordable like I keep saying for most people housing is free.

For the average functional person/family in the UK life is easy life is good.

ukcarper

GreatApe wrote: »

Yet somehow the vast majority own or get a social rented property.
The vast majority of private renters only rent privately temporarily.
You are inventing problems that dont really exist

Sure in a few areas median earnings cant buy median homes, but guess what people buy homes with wealth and other earnings not just job earnings. Take everything into account and housing is super affordable like I keep saying for most people housing is free.

For the average functional person/family in the UK life is easy life is good.

In your world the effects of today's prices on the young and low paid will not be fully apparent until a few years.

Near me median full time earnings £30k average terrace house £359k overall average £472k

doubletop40

ukcarper wrote: »

If you have no children and are young the present private rental system is OK but if you want to have a family you need more security than the present private rental market offers. As it is low paid workers often have to rely on LHA and that in itself reduces amount property available.

In many parts of the country it's impossible for median wage earners to buy property and in those areas rents take up a very large percentage of the take home pay of low paid workers. Where I am £1000 a month rent plus £180 council tax take home pay minimum wage £1300.

So dont live there as a singleton.
One can earn minimum wage anywhere, why do it in an expensive area. and why do it alone?

ukcarper

doubletop40 wrote: »

So dont live there as a singleton.
One can earn minimum wage anywhere, why do it in an expensive area. and why do it alone?

Much simple said than done and those expensive areas need low paid workers.

Graham_Devon

GreatApe wrote: »

Homes are affordable for even the lowest paid

A couple on min wage working full time get £2,300 per month post taxes. Set aside £300 for household bills £300 for food and £200 for other and they have £1,500 a month remaining.

And most regions the average rent is below £700 and they dont need the average they earn the very lowest wage so can rent something lower end if they need to

Either way the solution is to progress away from min wage work not to expect the housing stock to fall in value so much so the very lowest paid can buy or rent nice houses.

Take it they also walk to work (and everywhere else) too, then, what with their apparent lack of transport costs.

GreatApe

Graham_Devon wrote: »

Take it they also walk to work (and everywhere else) too, then, what with their apparent lack of transport costs.

If you are low paid it should be an aim to try and not have a car and ideally live close enough to walk to work.

For a very long time, most my working life, I did not have a car I just choose to rent near to where I worked and it was great not only do you not have to pay £3-5k per year for a car but a nice 20 minute walk to work is better than a 45 min drive.

For other things what do you need a car for? There are shops almost everywhere its not like we are in the middle of the saharah and online shopping comes right to your door.

But we are getting side tracked, most people in the UK are so wealthy they can afford a house and a car no problem so lets not pretend people have to scrimp and save. The uk and its citizens have more than £10 trillion in wealth we are a rich nation not a poor one.

The problem is you and other crash cheerleaders just look at income and ignore the huge wall of wealth. Yes life is not fair but it is much much better than it has been for the other 95 billion souls who lived horrible lives compared to us. Actually that sounds too depressing. Life is great in the west we have lots of opportunity and freedom, full employment and high wages. The problem is coveting others lives and things.