In work poverty due to overpriced housing costs

lisyloo

phillw wrote: »

If anybody could predict if or when the market will correct, then it wouldn't need to correct.

I agree and the point is that women in particular can not wait if they a home and a family (most do) as their fertile years are <35.
Women drive quite a lot of the decisions because if they are unhappy then there’s not a lot of action IYKWIM.

I remember people talking about STR first in 2001, that’s almost 2 decades ago.
So for most of the population it’s simply too long to wait in terms of their reproductive years.

There is no point posters saying we’ll have a correction. Most of us agree that.
It’s a useless statement to repeat ad naseum without a date.

P.s. I had a post removed where I stated (as many have) that certain obsessed posters might need professional help.

lisyloo

BikingBud wrote: »

Says enough about the root of some of the problems to me.

Yep, Swindon council in wilts are proposing more housing.
People who live there are up in arms about roads, hospitals etc. So the pips are squeaking.

PasturesNew

If houses could only be bought by one main salary .... and if salaries weren't kept artificially low because employers assume "everybody gets a top up", it wouldn't be so bad.

It's not a level playing field.

Wages need to increase, so Govt top ups can cease.
Mortgages just on one salary.

Bit late now though, that horse has bolted.

Zero_Sum

lisyloo wrote: »

I don’t believe immigration is a London centric issue.
If it is why are house prices too high elsewhere? Or aren’t they?

We use plenty of immigrants in fruit farming, cockle picking, fishing an the NHS is other parts of the UK.

What we do have in London however is infrastructure that copes, yes its like sardines and it’s very busy but you can still get places.
Most of the rest of the country doesn’t have the infrastructure so parking spaces and roads become congested.

Apart from a few tourist hotspots, house prices arent high elsewhere.
Where I live they are dirt cheap in comparison

Whenever ive used the NHS, any immigrant employee has been Asian.
Ive never been seen to by a European.

westernpromise

PasturesNew wrote: »

If houses could only be bought by one main salary .... and if salaries weren't kept artificially low because employers assume "everybody gets a top up", it wouldn't be so bad.

It's not a level playing field.

Wages need to increase, so Govt top ups can cease.
Mortgages just on one salary.

Bit late now though, that horse has bolted.

House prices are a function of household income. Today, that's two incomes rather than one.

It's quite ironic that back in the 60s first wave feminists were agitating for women to have careers and not stay at home. The upshot is that nowadays they have to have those careers whether they want them or not just to stay in the house that one salary used to buy. They didn't like before and they don't like after :rotfl::rotfl::rotfl:

lisyloo

PasturesNew wrote: »

If houses could only be bought by one main salary ....

I don’t get this.
Why should it be based on one person not working at all for their whole life?

Zero_Sum

lisyloo wrote: »

What we do have in London however is infrastructure that copes, yes its like sardines and it’s very busy but you can still get places.
Most of the rest of the country doesn’t have the infrastructure so parking spaces and roads become congested.

You know what, Londoners often accuse non Londoners of needing to get out more etc.

The above is proof that you need to do exactly that.

Despite the vast public transport network London has, its still the most congested place ive had the displeasure of driving to.

I live in the NE and apart from central Newcastle at rush hour, congestion doesnt really exist.

Ive driven all over the country, and it's an absolute breeze (excluding the occasional tailback due to roadworks or a crash). Once you go beyond the M25 however........

triathlon

lisyloo wrote: »

I agree and the point is that women in particular can not wait if they a home and a family (most do) as their fertile years are <35.
Women drive quite a lot of the decisions because if they are unhappy then there’s not a lot of action IYKWIM.

I remember people talking about STR first in 2001, that’s almost 2 decades ago.
So for most of the population it’s simply too long to wait in terms of their reproductive years.

There is no point posters saying we’ll have a correction. Most of us agree that.
It’s a useless statement to repeat ad naseum without a date.

P.s. I had a post removed where I stated (as many have) that certain obsessed posters might need professional help.

You are right about some needing help, I remember all the big name property crash preachers from Motley Fool and HPC, all of them were losing the plot at the end, many now just sulked away never to be heard of again, just a few lunatics left on HPC now who are now to deep and entrenched to now ever rebuild their lives, seriously tragic.

lisyloo

Zero_Sum wrote: »

You know what, Londoners often accuse non Londoners of needing to get out more etc.

The above is proof that you need to do exactly that.

My home is not in London.
Family in Bristol have terrible commutes around the ring road.
Friends in Swindon are up in arms about new housing being built.
Bath has very slow traffic partly due to being a Georgian city.
These places are not in the SE.
It’s people outside London who seem to have the most complaints.

I’m not moving north due to family ties I.e. looking after parents.
I’ve said it ad nauseum that not everyone can upsticks.

Yes some places are better than others.
Mostly cheaper places without congestion are because people can’t get jobs there or don’t want to live there.

Every time I go past Birmingham it’s not a breeze.
The motorways are very congested around that part where the M5/M6/M42 merge.

When we have problems in London we have alternative e.g. tube, bus, cycle, walk, cab.
Other places there is often no alternatives if there are issues on the roads.

PasturesNew

westernpromise wrote: »

House prices are a function of household income. Today, that's two incomes rather than one.

It's quite ironic that back in the 60s first wave feminists were agitating for women to have careers and not stay at home. The upshot is that nowadays they have to have those careers whether they want them or not just to stay in the house that one salary used to buy. They didn't like before and they don't like after

I've always been a single female, so I've been annoyed at 3-4-5x JOINT salary mortgages making it tough on one sole income.

Both could still work, but only one count towards a mortgage. It used to typically be (3x main salary + 1x 2nd salary), which was hard enough to compete with as a single female (men on average earning more than women to start with).

Mind you, even saving's hard for any single. £1500 take home salary of one, after roof over your head paid, council tax paid, basic bills paid, food paid, travel to work paid, clothes/haircuts for work paid, you can end up with £300/month for "everything else including saving, socialising, holidays, fripperies". TWO people with £1500 apiece would come out of it with closer to £1500 between them each month. A single buys a £900 sofa and that's 3 months they have to save/wait.... a couple buys a £900 sofa and they've still got £600 that month left over to buy a big telly, go out for meals and socialise.... start again on the 1st of the next month.

Hard saving by a single could therefore be, say, £300/month, but a couple could save £1500. And if house prices are going up by £4-500/month, that's the single finished before they started and the couple are still in the game.