Is the situation in the UK really that bad?
Aug 29th 2013, 4:15 pm
#736
I have a comma problem
Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: Is the situation in the UK really that bad?
The ageism was apparent to my dad, though.
Try and get that through to Chris 955 he gets the impression you can just walk from one job to another no problem, do not know what planet he is living on?
looking for work today
1: Age is against you!
2: Over Qualified is against you!
My friend went to University and had to go to an interview by JCP there and then, they gave him the job at 48 years of age and asked him to bring in his CV the following day, he brought it in and they stated Hmmmm .....
he asked what was the matter?
They replied if we saw your CV first of all you would not have got the job!
he replied why?
They replied he was over qualified !
looking for work today
1: Age is against you!
2: Over Qualified is against you!
My friend went to University and had to go to an interview by JCP there and then, they gave him the job at 48 years of age and asked him to bring in his CV the following day, he brought it in and they stated Hmmmm .....
he asked what was the matter?
They replied if we saw your CV first of all you would not have got the job!
he replied why?
They replied he was over qualified !
It took a fair few ignored applications and 'thanks but no thanks' interviews before I got this one though. I doubt the job market is brilliant anywhere in the world right now, not just the US/UK.
That being said, one of the many reasons I have decided to put my dream of returning 'home' on hold for now is that, even at 34, I don't relish the prospect of starting from scratch in the UK job market, now that the civil service has cut positions and it's not likely I'd be reinstated at my old grade, let alone get in at Admin Assistant and start all over.
Aug 29th 2013, 4:36 pm
#737
Lost in BE Cyberspace
Joined: Nov 2012
Location: bute
Posts: 9,740
Re: Is the situation in the UK really that bad?
London and the Home Counties ? A different planet ! Come to my patch and you can buy a place to live for £20.000 !
Aug 29th 2013, 4:45 pm
#739
I have a comma problem
Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: Is the situation in the UK really that bad?
What does your £20K get you? My sister bought a small 2 bedroom end terrace recently back home in NI (greater Belfast area) an it cost her almost £80K!
Aug 29th 2013, 4:50 pm
#740
Lost in BE Cyberspace
Joined: Nov 2012
Location: bute
Posts: 9,740
Re: Is the situation in the UK really that bad?
That is the price for a modernised studio apartment with seaviews.. £80,000 here on Bute would get you a big place. But Bute is a backwater with no employment - and no riots.
Last edited by scot47; Aug 29th 2013 at 4:55 pm.
Aug 29th 2013, 4:52 pm
#741
Forum Regular
Joined: Mar 2010
Posts: 263
Re: Is the situation in the UK really that bad?
London and Home counties you will be paying a minimum of £300,000.00
2 bedroom flat in central London in multi story building 15 floors high is £350,000.00 no front or back garden.
I remember being there when my Grand parents lived there 40 years ago
and found flats in that buiding up for sale 5 months ago at that price.
Aug 29th 2013, 4:53 pm
#742
I have a comma problem
Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: Is the situation in the UK really that bad?
No riots is always nice. No employment is not so nice, though.
Aug 29th 2013, 4:56 pm
#743
Ping-ponger
Joined: Jul 2002
Location: Dreich Alba
Posts: 12,006
Re: Is the situation in the UK really that bad?
Check out this, for £20k.
Aug 29th 2013, 4:58 pm
#744
I have a comma problem
Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: Is the situation in the UK really that bad?
In some parts of the UK, you could get a fixer-upper terraced or flat in a slightly dodgy area for less than £30k. If you can access UK television programs, try to catch "Homes Under the Hammer", as they sometimes feature properties like that. They usually require a fair bit of work, often structural not just cosmetic. But it's possible. Some of the Scottish islands really need people to move in because the pattern of movement is generally in the opposite direction. Not sure if Bute is one, but it is a nice place, within striking distance of Glasgow (ferry, train).
Check out this, for £20k.
Check out this, for £20k.
Aug 29th 2013, 6:09 pm
#745
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: Is the situation in the UK really that bad?
Aug 30th 2013, 7:24 am
#746
Lost in BE Cyberspace
Joined: Nov 2012
Location: bute
Posts: 9,740
Re: Is the situation in the UK really that bad?
I am not sure that I would want to live in an apartment block in Birkenhead !
Aug 30th 2013, 12:07 pm
#747
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: Is the situation in the UK really that bad?
Try and get that through to Chris 955 he gets the impression you can just walk from one job to another no problem, do not know what planet he is living on?
looking for work today
1: Age is against you!
2: Over Qualified is against you!
My friend went to University and had to go to an interview by JCP there and then, they gave him the job at 48 years of age and asked him to bring in his CV the following day, he brought it in and they stated Hmmmm .....
he asked what was the matter?
They replied if we saw your CV first of all you would not have got the job!
he replied why?
They replied he was over qualified !
looking for work today
1: Age is against you!
2: Over Qualified is against you!
My friend went to University and had to go to an interview by JCP there and then, they gave him the job at 48 years of age and asked him to bring in his CV the following day, he brought it in and they stated Hmmmm .....
he asked what was the matter?
They replied if we saw your CV first of all you would not have got the job!
he replied why?
They replied he was over qualified !
Aug 30th 2013, 7:56 pm
#748
Forum Regular
Joined: Nov 2005
Location: UK
Posts: 191
Re: Is the situation in the UK really that bad?
Its 6-7 times the average salary locally to by the average local house... so no houses are not affordable
Prices need to fall by 50% to be affordable in relation to the normal 3 times salary. Only then will the UK recover.
"Average price of a home is now £250,000… that’s NINE times the typical salary
Homebuyers must earn at least £62,000 to afford the typical asking price
Average asking price is nine times the average UK salary of £26,500
New figures from Rightmove show 2.1 per cent month-on-month rise
Strongest start to the year since 2004 in terms of asking prices
The north saw the strongest monthly increase pushing prices to £152,689
London prices past £500k - more than twice price of homes outside capital
Yorkshire and Humberside and East Midlands only regions where prices were lower this month compared with a year ago
Read more: http://www.dailymail.co.uk/news/arti...#ixzz2dU4ncYQf
Follow us: @MailOnline on Twitter | DailyMail on Facebook"
Prices need to fall by 50% to be affordable in relation to the normal 3 times salary. Only then will the UK recover.
"Average price of a home is now £250,000… that’s NINE times the typical salary
Homebuyers must earn at least £62,000 to afford the typical asking price
Average asking price is nine times the average UK salary of £26,500
New figures from Rightmove show 2.1 per cent month-on-month rise
Strongest start to the year since 2004 in terms of asking prices
The north saw the strongest monthly increase pushing prices to £152,689
London prices past £500k - more than twice price of homes outside capital
Yorkshire and Humberside and East Midlands only regions where prices were lower this month compared with a year ago
Read more: http://www.dailymail.co.uk/news/arti...#ixzz2dU4ncYQf
Follow us: @MailOnline on Twitter | DailyMail on Facebook"
I am sorry but I have to disagree with you.
Whilst it is somewhat subjective, 150K GBP is not unaffordable, that is ridiculously low for a house in this day and age. I also accept that we live in a day that not everyone can afford to buy a house - although the general majority should be able to.
You just have to go on to rightmove and there are so many towns and cities in the UK where you can easily buy property within a short commute that are 150K GBP or less (and yes - you even have public transport options!!).
Yes, 150K wouldnt happen in London, but the average salary in London is higher than the rest of the UK. In my field of work, the average job is at least 20K GBP per year better paid. Based on that, I make the figure 250K (5 times the salary, with the extra 20K added in) for London. Again you can go onto right move and there are 3-bed houses in the city that I can buy for that amount.
If necesssary I can post a whole serious of links for 150K houses in and around: Bristol, Leeds, Birmingham, Exeter, Swindon, Bath, Southampton, Staffordshire. Notthngham, Derby - I could go on.
The same applies for 200-250K in the South East pocket of the UK. Fleet, Basingstoke, Other pockets in Hampshire all have good housing with good commuter links into London. No doubt there are cheaper properties north, east and south of London also.
Whilst it is somewhat subjective, 150K GBP is not unaffordable, that is ridiculously low for a house in this day and age. I also accept that we live in a day that not everyone can afford to buy a house - although the general majority should be able to.
You just have to go on to rightmove and there are so many towns and cities in the UK where you can easily buy property within a short commute that are 150K GBP or less (and yes - you even have public transport options!!).
Yes, 150K wouldnt happen in London, but the average salary in London is higher than the rest of the UK. In my field of work, the average job is at least 20K GBP per year better paid. Based on that, I make the figure 250K (5 times the salary, with the extra 20K added in) for London. Again you can go onto right move and there are 3-bed houses in the city that I can buy for that amount.
If necesssary I can post a whole serious of links for 150K houses in and around: Bristol, Leeds, Birmingham, Exeter, Swindon, Bath, Southampton, Staffordshire. Notthngham, Derby - I could go on.
The same applies for 200-250K in the South East pocket of the UK. Fleet, Basingstoke, Other pockets in Hampshire all have good housing with good commuter links into London. No doubt there are cheaper properties north, east and south of London also.
Aug 30th 2013, 8:55 pm
#749
Forum Regular
Joined: Sep 2009
Posts: 140
Re: Is the situation in the UK really that bad?
[QUOTE=martinw01908;10878418]Its 6-7 times the average salary locally to by the average local house... so no houses are not affordable
Prices need to fall by 50% to be affordable in relation to the normal 3 times salary. Only then will the UK recover.
"Average price of a home is now £250,000… that’s NINE times the typical salary
What Is the Average Mortgage in the UK?
Answer
The average UK mortgage is £112,000 for a new house purchase with the average income of new mortgage holders being £40,000 per annum. The average deposit paid on a new house is 25% of the mortgage value of the house and this is £37,000 and one incurs a 14.6% average interest payment as the proportion of income.
Looking at the maths the average new UK mortgage is 2.8 times the mortgage holders income.
When my wife and I brought our first home in the late 1980's we had to put down a 25% deposit, so to me 25 years later there has been no change.
I live in a house valued a 25% higher than the noted UK average a now have a mortgage to income ratio of 1:1. At 21 years I made UK average wage, but would not every consider a £250K house in today's money. We actually purchased our first home( 2 bed flat) which today would cost us £70-80K where we currently live. Not everyone in the UK has to buy their first home for £250K!
Hudd
Prices need to fall by 50% to be affordable in relation to the normal 3 times salary. Only then will the UK recover.
"Average price of a home is now £250,000… that’s NINE times the typical salary
What Is the Average Mortgage in the UK?
Answer
The average UK mortgage is £112,000 for a new house purchase with the average income of new mortgage holders being £40,000 per annum. The average deposit paid on a new house is 25% of the mortgage value of the house and this is £37,000 and one incurs a 14.6% average interest payment as the proportion of income.
Looking at the maths the average new UK mortgage is 2.8 times the mortgage holders income.
When my wife and I brought our first home in the late 1980's we had to put down a 25% deposit, so to me 25 years later there has been no change.
I live in a house valued a 25% higher than the noted UK average a now have a mortgage to income ratio of 1:1. At 21 years I made UK average wage, but would not every consider a £250K house in today's money. We actually purchased our first home( 2 bed flat) which today would cost us £70-80K where we currently live. Not everyone in the UK has to buy their first home for £250K!
Hudd
Aug 30th 2013, 9:15 pm
#750
Lost in BE Cyberspace
Joined: Jan 2006
Location: San Francisco
Posts: 12,865
Re: Is the situation in the UK really that bad?
As I've pointed out before on this thread, this isn't a particularly useful way of looking at it because it doesn't take account of mortgage interest rates. I was paying over 15% in the early '80's; now rates are under 3% or so. A better measure is house prices to rents, because (i) you can't take out a mortgage to pay your rent, and (ii) everyone has to live somewhere. I don't doubt that UK property is overvalued, but I think you're looking at the wrong measure to judge by how much.