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Is the situation in the UK really that bad?

Is the situation in the UK really that bad?

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Old Dec 11th 2013, 5:24 am
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Default Re: Is the situation in the UK really that bad?

The SE is a very big area, much of it is very nice and other parts are not so nice. Its just like any other region really.
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Old Dec 11th 2013, 6:44 am
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Default Re: Is the situation in the UK really that bad?

When we first arrived and looked at renting we could get something really nice for £500 a month. Unfortunately some only look at the SE to gauge affordability.
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Old Dec 11th 2013, 6:53 am
  #1593  
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Default Re: Is the situation in the UK really that bad?

Originally Posted by Bud the Wiser

What do you think of the housing situation in the UK? I think a lot more of peoples income will be taken up in putting a roof over their heads, leaving less disposable income to grow the economy. IMHO.
In the future, when interest rates rise, you may be right. At the moment that is not wholly true, as mortgage rates are around the official level of inflation, and well below the real rate. And sixty or seventy percent of the UK are homeowners ( or their bank is )
Rents are insane, but even in London at 500 p.m. for a room (which generally includes bills) that is only 15 percent of average London Income -36K.
Even assuming that renters are at the lower end of the income scale - say 25K in London - that is still only 25 percent.
Outside London and the South East- I don't know, but would assume that as house prices are lower, so are rents. A 2/3 bedroom house in Tonbridge Kent (easy commute) rents for 750/800 a month.
So more expensive than it has been for a number of years, but probably not far off the log- run average.

Davros - your definition of the South East is a bit behind the times. You are referring to part of what is known as the Greater London Metropolitan (or Urban) Area. Broadly the commuter belt plus other areas strongly economically interlinked with London.

South East is a geographical term - or what would you call the Kent Coast and East Sussex? South South East is a bit cumbersome and Hertfordshire and Essex would be a bit difficult to find. And as for Surrey....
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Old Dec 11th 2013, 9:20 am
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Default Re: Is the situation in the UK really that bad?

Originally Posted by bigglesworth
In the future, when interest rates rise, you may be right. At the moment that is not wholly true, as mortgage rates are around the official level of inflation, and well below the real rate. And sixty or seventy percent of the UK are homeowners ( or their bank is )
Rents are insane, but even in London at 500 p.m. for a room (which generally includes bills) that is only 15 percent of average London Income -36K.
Even assuming that renters are at the lower end of the income scale - say 25K in London - that is still only 25 percent.
Outside London and the South East- I don't know, but would assume that as house prices are lower, so are rents. A 2/3 bedroom house in Tonbridge Kent (easy commute) rents for 750/800 a month.
So more expensive than it has been for a number of years, but probably not far off the log- run average.

Davros - your definition of the South East is a bit behind the times. You are referring to part of what is known as the Greater London Metropolitan (or Urban) Area. Broadly the commuter belt plus other areas strongly economically interlinked with London.

South East is a geographical term - or what would you call the Kent Coast and East Sussex? South South East is a bit cumbersome and Hertfordshire and Essex would be a bit difficult to find. And as for Surrey....
http://www.theguardian.com/money/201...housing-market

Some stats courtesy of the Guardian. The comments after the article are worth a read too. Staggering neglect in the number of council houses built since the 70's.

With wage depression and rising house prices and rents it surely is going to make a dent in people's disposable income. Even a small rise in interest rates would have serious consequences for many.

New, affordable housing is a necessity, but it needs to be on such a grand scale that it's sure to raise howls of protest from the NIMBY's.
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Old Dec 11th 2013, 6:28 pm
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Default Re: Is the situation in the UK really that bad?

Originally Posted by bigglesworth
Davros - your definition of the South East is a bit behind the times. You are referring to part of what is known as the Greater London Metropolitan (or Urban) Area. Broadly the commuter belt plus other areas strongly economically interlinked with London.

South East is a geographical term - or what would you call the Kent Coast and East Sussex? South South East is a bit cumbersome and Hertfordshire and Essex would be a bit difficult to find. And as for Surrey....
I think that's a bit of an over-reaction. Its just a phrase I use to describe what you call the Greater London Metropolitan area and commuter belt. Sure, my phrase is probably not the best choice, but that is all it is. That is the area of the country I despise. I am sure Guildford was a nice place to live once upon a time, but its been ruined by cars and too many people.

For some reason, I class East Sussex and places like Lewes as the South Coast, as opposed to the SE, but I guess I see the SE as (greater london metropolitan area and commuter belt) as a materialistic, money-driven rat-hole.
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Old Dec 11th 2013, 6:56 pm
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Default Re: Is the situation in the UK really that bad?

Davros I was simply repeating the definition used by the GLA and SEEDA. I have no idea why you think that is an over-reaction.

However, as that small area produces between 35 and 40 percent of UK GDP, perhaps we are all fortunate that the benighted inhabitants of that "materialistic money driven rat hole" are prepared to live in such a terrible place. And pay an equivalent amount of tax.
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Old Jan 10th 2014, 6:58 pm
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Default Re: Is the situation in the UK really that bad?

Just thought it was worth saying that the answer is still NO
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Old Jan 10th 2014, 7:08 pm
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Default Re: Is the situation in the UK really that bad?

Originally Posted by chris955
Just thought it was worth saying that the answer is still NO
Keep saying it! You'll believe it soon!
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Old Jan 10th 2014, 7:10 pm
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Default Re: Is the situation in the UK really that bad?

I though we'd established that it was a definite maybe not. Or very satisfactory. One of the two ...
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Old Jan 10th 2014, 7:14 pm
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Default Re: Is the situation in the UK really that bad?

Originally Posted by SultanOfSwing
I though we'd established that it was a definite maybe not. Or very satisfactory. One of the two ...
Nah, a definite no. Well actually very satisfactory is acceptable
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Old Jan 10th 2014, 7:16 pm
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Default Re: Is the situation in the UK really that bad?

Originally Posted by chris955
Nah, a definite no. Well actually very satisfactory is acceptable
It's a subjective no and you bloody well know it
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Old Jan 10th 2014, 7:19 pm
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Default Re: Is the situation in the UK really that bad?

Originally Posted by SultanOfSwing
It's a subjective no and you bloody well know it
No its not and no I dont
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Old Jan 10th 2014, 7:23 pm
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Default Re: Is the situation in the UK really that bad?

Originally Posted by chris955
No its not and no I dont
I don't think it's really that bad myself. However, just like everywhere else in the known universe, it doesn't amount to more than being 'OK, provided you have enough money to pay the bills, et cetera."

Nowhere is really that great. Same shit, different accent
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Old Jan 11th 2014, 2:03 am
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Default Re: Is the situation in the UK really that bad?

It's flipping fantastic in my eyes
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Old Jan 11th 2014, 5:37 am
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Default Re: Is the situation in the UK really that bad?

Originally Posted by Montfan72
It's flipping fantastic in my eyes
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