In work poverty due to overpriced housing costs

lisyloo

AG47 wrote: »

The future is looking increasingly like there will be nothing left property equity to hand on to offspring because people who own property will be forced to use equity to pay for health care in old age.

It’s not fair because people who don’t have any equity in property will have government subsidies to pay for the old age

Average time in residential/nursing care if fairly short by virtue of the fac5 that people are in a frail state when they enter, so average person will have equity left on their estate.

Health care is free in this country, personal care is not.

The government support is a pretty poor standard, for example the local authority wanted to split up my MIL and FIL after 60 years of marriage when a place was available in the same home, so issues are being away from spouse, family and in somewhere you’d chose over your dead body. Yes it’s subsidised but not something to aspire to.

Unfair to expect just about managing families to subsidise rich wealthy people who no longer need their own homes.

Thrugelmir

lisyloo wrote: »

I respect the right to disagree of course, that the point of debate but still no answer on why millions aren’t moving out of London/se if it’s so obviously a good idea?

Family, friends, schools, specialist jobs (i.e. Cross Rail) , career the list goes on.

Having moved from Biggin Hill to Newbury over 30 years ago. Was far from easy. There were only the two of us as well.

lisyloo

Thrugelmir wrote: »

Family, friends, schools, specialist jobs (i.e. Cross Rail) , career the list goes on.

Having moved from Biggin Hill to Newbury over 30 years ago. Was far from easy. There were only the two of us as well.

I totally agree.
I was waiting to here from those who claim it should be attractive to millions e.g. triathlon.

I’ve personally been in involved in elderly care, firstly help at home, then organising carers, then doctors hospitals, then nursing homes, then end of life care.
There is no way we would walk away from this.

AG47

Yes’m it’s not fair that those with equity in property will be forced to use it for care in old age, those with no equity will have others ph for them.

The fact is there will be little to hand down to the next generation from property.

New medicine and healthcare men people live even longer in old age.

lisyloo

AG47 wrote: »

Yes’m it’s not fair that those with equity in property will be forced to use it for care in old age, those with no equity will have others ph for them.

Means testing is a major part of our benefits and welfare system.
As a compassionate society We pay/subsidise those who cannot afford to for themselves (but to a low standard).
It is not limited to property and does not always include property e.g. property is excluded if it’s a spouses home.

We cannot afford to subsidise those who have their own means they can no longer spend.

I think it’s fair as it’s only taken from people who no longer need their properties (not when someone still lives there) but we will just have to agree to disagree.

Means testing is a major part of the welfare state though.

This is not an issue that will get an major attention whilst brexit is going on unfortunately.

DannyGold

So is it either Boris no deal, or JC socialist government?

Is there any other option?

lisyloo

Yes, but you’re on the wrong thread.

AG47

The 30% discount for FTBers will he,p, but yes there still, is in work poverty even with both husband and wife working full time after housing costs there is not much left

Housing is overvalued at the moment

MaxiRobriguez

High housing prices and in work poverty is what we voted for 16 days ago, so not sure why there's a need to debate this one anymore.

lisyloo

AG47 wrote: »

The 30% discount for FTBers will he,p, but yes there still, is in work poverty even with both husband and wife working full time after housing costs there is not much left

Housing is overvalued at the moment

Those in poverty, will not be able to buy a home from today’s highs even with a 30% discount.
The bottom 30% of society have traditionally never bought. The difference in the past was that the could get adequate social housing.

Two people working full time even on min wage should be able to do something with a bit of hard work and sacrifice. does full time mean 37 hours a week? Then get another job each in the evenings.

Get another job (each)
Move elsewhere
Get a skill
Move in with mum & dad

There are solutions for people that want to work hard and make sacrifices but it’s not on a plate.
The 30% discount will not be on a plate either, you’ll need to get a tent and camp out before everyone else and hope there isn’t enough fervour for someone to do something nasty to oust you from the queue (well threatening civil unrest brings that possibility unfortunately).