Will the next generation be able to buy their own house?

Cakeguts

Peter_Williams wrote: »

Well that's an interesting point.
If the low paid workers aren't buying the cheapest houses in an area, then who is?
If the answer is private landlords, then you've got a political issue brewing in a nation so keen on home ownership.

Depends on the area. In some areas the lowest price houses can only be sold if they are bought by landlords and people in more expensive areas don't want to move they want other people to pay for where they live. (Government through taxation.)


Basically if someone earns NMW there is no point in trying to buy in the most expensive areas of the country. They will have to rent at affordable rents. There could be a good argument for the fact that a 30 year old on NMW complaining about not being able to buy in their chosen area is on NMW because they don't have any motivation and so they also have no motivation to move to a cheaper area to buy. The job goes with the mindset.

Zero_Sum

westernpromise wrote: »

500 mins from civilisation

Scottish highlands are a bit remote to be classed as civilisation. Or are you on about France?

boomer69

ukcarper wrote: »

I think affordability is not a national problem but is confined to certain areas, where I live cheapest 2 bed terrace is £250k.

Quite, so why would someone on NMW think its a good idea to earn that money where you live, its crazy.


On NMW in lots of places a couple can buy a two bed place and not be concerned by the mortgage repayments, where you live the same couple will be renting a room.

ukcarper

boomer69 wrote: »

Quite, so why would someone on NMW think its a good idea to earn that money where you live, its crazy.


On NMW in lots of places a couple can buy a two bed place and not be concerned by the mortgage repayments, where you live the same couple will be renting a room.

Problem is even in my area there are many jobs that need doing that don't pay that well so property needs to be available for the people required to do them. People on low earnings have very rarely if ever have been able to buy in my area, in the past they were able to find low cost rental accommodation now they claim housing benefit.

Unfortunately there is a housing problem in parts of the country but I can't see a solution and in my area I don't see prices falling to a point where low income families would be able to buy.

To argue that people on low incomes should move is futile, it would work individually but not universally.

boomer69

ukcarper wrote: »

Problem is even in my area there are many jobs that need doing that don't pay that well so property needs to be available for the people required to do them. People on low earnings have very rarely if ever have been able to buy in my area, in the past they were able to find low cost rental accommodation now they claim housing benefit.

Unfortunately there is a housing problem in parts of the country but I can't see a solution and in my area I don't see prices falling to a point where low income families would be able to buy.

To argue that people on low incomes should move is futile, it would work individually but not universally.

A reduced workforce will increase wages, those lattes will be 50p more expensive but I doubt that would affect sales. The problem (as I understand it) in wealthier areas, is that workers are happy to earn a pittance and live in cramped accommodation.

ukcarper

boomer69 wrote: »

A reduced workforce will increase wages, those lattes will be 50p more expensive but I doubt that would affect sales. The problem (as I understand it) in wealthier areas, is that workers are happy to earn a pittance and live in cramped accommodation.

I agree things should not have been allowed to get as they are but it will be very difficult to reverse. The problem is the demand for housing in London and South East and it's not just the very low paid that are affected. Not everybody can have well paid jobs and for society to function correctly everybody needs to be accommodated.

I'm not sure they are happy to live in cramped conditions it's more have no choice.

Cakeguts

ukcarper wrote: »

I agree things should not have been allowed to get as they are but it will be very difficult to reverse. The problem is the demand for housing in London and South East and it's not just the very low paid that are affected. Not everybody can have well paid jobs and for society to function correctly everybody needs to be accommodated.

I'm not sure they are happy to live in cramped conditions it's more have no choice.

A lot of the problem is that they see a job advertised in London and because it pays more than the job they are doing in another part of the country they go for it. What they don't do is to work out how much disposable income they would have. In many cases they would be better off if they didn't move to a job that paid more but not enough. It happens a lot with people who have degrees in nothing. They think that they are entitled to earn more because they have a degree and the only places they can earn more are where the salaries are higher but the salaries are often not high enough to cover the increased living costs and then it makes it difficult to save enough to move back. Also because they have a degree in nothing they aren't bright enough to work anything out.

ukcarper

Cakeguts wrote: »

A lot of the problem is that they see a job advertised in London and because it pays more than the job they are doing in another part of the country they go for it. What they don't do is to work out how much disposable income they would have. In many cases they would be better off if they didn't move to a job that paid more but not enough. It happens a lot with people who have degrees in nothing. They think that they are entitled to earn more because they have a degree and the only places they can earn more are where the salaries are higher but the salaries are often not high enough to cover the increased living costs and then it makes it difficult to save enough to move back. Also because they have a degree in nothing they aren't bright enough to work anything out.

I would agree anybody coming to work in south east should way up the benefits against the increased costs especially housing costs. But a large number of people are born and grow up in London and south east and do find it hard to afford housing and despite what some people seem to think it is not possible for all of them to move to other parts of country.

boomer69

ukcarper wrote: »

I'm not sure they are happy to live in cramped conditions it's more have no choice.

Cakeguts wrote: »

Because (they have a degree in nothing) they aren't bright enough to work anything out.

Even those without degrees.


I think its just addiction to being in London, most people up north detest the place. Unless you're reasonably well off (or in midlands terms "rich") its just too damn expensive.

ukcarper

boomer69 wrote: »

Even those without degrees.


I think its just addiction to being in London, most people up north detest the place. Unless you're reasonably well off (or in midlands terms "rich") its just too damn expensive.

London is not that bad in fact it's very nice in places, but yes it is expensive and the traffic is terrible.