Will there really be a crash?

ukcarper

Linton wrote: »

I hate to bring maths into the discussion but 500 square miles is about 12.6 miles radius!



Just checked Rightmove for my nearest large town, 1 hour or so main line train journey to London:
Houses for sale in price range £100K-£200K

15 2-bed houses
10 3-bed houses

1 4-bed house requiring cosmetic improvements

Must admit never done maths but you are correct. A thing people forget about the commute is not every body works in centre of London.

Malthusian

ukcarper wrote: »

Must admit never done maths but you are correct. A thing people forget about the commute is not every body works in centre of London.

If you work in the outside of London then you can buy a house even further away from the centre of London and even more cheaply, while still retaining a reasonably short no-driving commute, thanks to the excellent transport network on which the nation has spent billions.

Unless you're seriously trying to tell me that it's a national crisis that you can't buy a house in Peterborough and commute to Croydon in less than 90 minutes.

dont_use_vistaprint

Grantham is in the North or East sort of - 1hr 15min direct to Kings X so if you like you can have a nice cheap house and a big fat salary

Once the A14 is sorted, you can live anywhere within reach of the A1 up to Yorkshire and get to London no.2 by car within 90-100 mins, and AirBnB for £20 a night and earn even more, They even have a new train station in the north of the city now 20 mins walk from all the money.

If money and owning property is so important there are lots of solutions

ukcarper

Malthusian wrote: »

If you work in the outside of London then you can buy a house even further away from the centre of London and even more cheaply, while still retaining a reasonably short no-driving commute, thanks to the excellent transport network on which the nation has spent billions.

Unless you're seriously trying to tell me that it's a national crisis that you can't buy a house in Peterborough and commute to Croydon in less than 90 minutes.

I'm not saying it's a national crisis but I think if people earning above median full time earnings have to move and commute for 3 hours a day it is a problem. It's not just the time but also the cost of the commute and the transport system in south east is great if you live near a main line and want to get some where on that route.

ukcarper

dont_use_vistaprint wrote: »

Grantham is in the North or East sort of - 1hr 15min direct to Kings X so if you like you can have a nice cheap house and a big fat salary

Once the A14 is sorted, you can live anywhere within reach of the A1 up to Yorkshire and get to London no.2 by car within 90-100 mins, and AirBnB for £20 a night and earn even more, They even have a new train station in the north of the city now 20 mins walk from all the money.

If money and owning property is so important there are lots of solutions

Another person who's never driven in London I live 30 miles down M3 and it regularly took me 3 hrs each way to commute to West London.

triathlon

ukcarper wrote: »

I don't need to go for anything I'm doing OK thank you. But unlike you I have some empathy for the young and don't despise everybody who can't afford to buy.

But the vast majority can buy, just not what they want, plus they could work harder, save, stop buying rubbish. And what I think of them is irrelevant, they are not paying to be my friend and as long as they don't cross me then things will be just fine between us, just never going to be friends or socialise.

ukcarper

triathlon wrote: »

But the vast majority can buy, just not what they want, plus they could work harder, save, stop buying rubbish. And what I think of them is irrelevant, they are not paying to be my friend and as long as they don't cross me then things will be just fine between us, just never going to be friends or socialise.

Depends what you call vast majority and all examples I've given have been 1 bed flat in cheapest part of Surrey and people earning at the 70% percentile. Of. Course it's easy for everybody to be it top 30% of earners. As you say you don't have to socialise with your tenants or any others for that point but despising is another thing. I'd say you are just the other side of the coin to those people who think Landlords are selfish money grabbing bars

Malthusian

ukcarper wrote: »

I'm not saying it's a national crisis but I think if people earning above median full time earnings have to move and commute for 3 hours a day it is a problem.

As nobody has to do that, I am glad we have reached agreement that there is no problem.

It's not just the time but also the cost of the commute

The cost is a fraction of the London salary differential, which is why so many people pay it. Anyone who seriously complains about the cost and obsesses over the £6,000 season ticket instead of the £10,000+ they get in exchange needs to spend some of their London salary on some therapy.

No time is lost on the train as everyone spends part of their day sitting down and working on their laptop, reading or playing games whether they commute to London or not. Only travel to and from the station is dead time.

Thanks to the billions the nation has spent on London's transport network, they can combine some of this work or leisure time with travelling to London in order to earn tens of thousands of pounds more money than if they had a job at home, which would probably involve just as much dead time commuting.

Depends what you call vast majority and all examples I've given have been 1 bed flat in cheapest part of Surrey and people earning at the 70% percentile. Of. Course it's easy for everybody to be it top 30% of earners.

An experienced teacher is in the top 30% (£32,300 plus one year's inflation), even if you ignore the pension, and that is a job open to literally anybody who wants one.

Is teaching easy in the sense it takes no effort? No. Is it difficult in the sense that it requires an inborn talent (like professional football), a high IQ (like quant finance) or luck (like showbiz)? Not in the slightest.

It is not a question of whether it is easy or difficult to earn £32,300+ a year, it is a question of whether it is available if you want it. If herding kids isn't your thing then there are plenty of other jobs which have a clear accessible path to a £32,300+ salary with no luck or unique talent required beyond normal mental capacity. And people with subnormal mental capacity have never expected to be homeowners with desirable houses.

dont_use_vistaprint

ukcarper wrote: »

Another person who's never driven in London I live 30 miles down M3 and it regularly took me 3 hrs each way to commute to West London.

Iv'e driven in London a lot, its a pleasure compared to many cities in the world. Although I know what you mean, I drove into Hammersmith once for a 9am start, never again! The last few miles is near stand still

Anyway I was talking about a train that takes 1-hr 15 from Grantham to Kings X, not driving

andrewf75

triathlon wrote: »

But the vast majority can buy, just not what they want, plus they could work harder, save, stop buying rubbish. And what I think of them is irrelevant, they are not paying to be my friend and as long as they don't cross me then things will be just fine between us, just never going to be friends or socialise.

While I agree with your advice that its best to buy wherever possible, why would you not socialise or be friends with someone who sees things differently?! What a boring life you must lead socialising only with people just like you. Or is this a wind up? Have I misread something?