| £32,000 per year 06:39 - Jan 20 with 18736 views | raynor94 |
Should you be using a food bank?
It's come up this week a nurse has said that's what she earns and can't survive without a food bank.
A Tory mp has said on the airwaves that there is something wrong with her budgetin skills, in this instance i haveto agree with him.
And how does she get a voucher earning that type of money, thoughts? |  |
| |  |
| £32,000 per year on 13:36 - Jan 27 with 1342 views | STID2017 |
| £32,000 per year on 12:32 - Jan 27 by ThurrockJack92 |
My specific issue is you seem to think this can all be resolved simply by saving, the Daily Mail mantras are that the only thing stopping people from saving is spending on coffees, avocado toast, netflix or whatever caricature of a millennial they want to paint that week.
https://www.moneyhelper.org.uk/en/blog/buy-or-rent-a-home/can-your-deposit-savin
Just take the example here, average prices and effectively deposit rose 13.2% on the year before, meaning the deposit required compared to the previous year is at least £1,700 on top of what you already trying to save for. How much Avocado toast do you think people are eating?
I do not THINK it's a regression it IS a regression. The proportion of people owning their own homes at 30 has been lowering in every generation since the baby boomers.
https://abcfinance.co.uk/blog/generation-rent-study/ |
You are right.
Some people live neither in the real world or certainly in our world.
Many young people have to save and scrimp and live with Mam and Dad and finally buy their own house in their thirties.
Certainly in Swansea the availability of affordable housing is poor.
This thread reminds me of the scene from "It's A Wonderful Life" when George Bailey questions Potter on how he expects people to work and scrimp and save all their lives just to buy a run down old shack.
Trouble is that nightmare scenario is coming true for many first time buyers in the UK.
Some cannot or will not see it
Also rent in Swansea is nearer a £1000 for an average house.
Even A room with amenities can be £700
As Manchester ( like most big cities ) should be more desirable for people as a place to live, I dread to think what hovel people can rent for around £500 ? |  |
| |
| £32,000 per year on 13:41 - Jan 27 with 1302 views | Dr_Parnassus |
| £32,000 per year on 13:30 - Jan 27 by ThurrockJack92 |
Wouldn't be any different if you rented while saving to buy outright, at least with a mortgage you would have liberty of you own property for longer. |
It would, 20% or greater deposit removes lenders insurance for example and also reduces interest rate over the life of the 30 year loan. That LMI can run into the tens of thousands, added to reduced interest rates and you are talking a substantial fee that would engulf what you would could pay in rent in the time it took you to go from 10% to 20%.
Owning your home comes with its own costs, your own insurance and maintenance being two main ones; which you would not be burdened with while renting.
But as I said, houses aren’t really a great investment anyway. You would likely get far greater returns by investing elsewhere these days. Investment opportunities evolve, the housing market is one of this examples. |  |
| |
| £32,000 per year on 13:45 - Jan 27 with 1303 views | Sirjohnalot |
| £32,000 per year on 13:36 - Jan 27 by STID2017 |
You are right.
Some people live neither in the real world or certainly in our world.
Many young people have to save and scrimp and live with Mam and Dad and finally buy their own house in their thirties.
Certainly in Swansea the availability of affordable housing is poor.
This thread reminds me of the scene from "It's A Wonderful Life" when George Bailey questions Potter on how he expects people to work and scrimp and save all their lives just to buy a run down old shack.
Trouble is that nightmare scenario is coming true for many first time buyers in the UK.
Some cannot or will not see it
Also rent in Swansea is nearer a £1000 for an average house.
Even A room with amenities can be £700
As Manchester ( like most big cities ) should be more desirable for people as a place to live, I dread to think what hovel people can rent for around £500 ? |
Put it this way, i recently represented a young lad who had turned his life around. Offences was 3 years old. He was in supported accommodation, essentially your own room and everything else served. He wanted to either become a chef or become a full time trained mentor and youth worker to stop other young people going down the wrong path. He couldn't because if he worked full time, he would lose his benefits and could not afford his place as it was £350 a week ! (All confirmed) He had a choice of staying where he was or being homeless (as he would have voluntarily made himself homeless and the council would not help)
That is the reality, not some 'pull up your socks' rubbish which is being argued. I see this on a daily basis, so irrespective of a google search, this what happens |  | | |
| £32,000 per year on 13:46 - Jan 27 with 1302 views | Gwyn737 |
| £32,000 per year on 12:32 - Jan 27 by ThurrockJack92 |
My specific issue is you seem to think this can all be resolved simply by saving, the Daily Mail mantras are that the only thing stopping people from saving is spending on coffees, avocado toast, netflix or whatever caricature of a millennial they want to paint that week.
https://www.moneyhelper.org.uk/en/blog/buy-or-rent-a-home/can-your-deposit-savin
Just take the example here, average prices and effectively deposit rose 13.2% on the year before, meaning the deposit required compared to the previous year is at least £1,700 on top of what you already trying to save for. How much Avocado toast do you think people are eating?
I do not THINK it's a regression it IS a regression. The proportion of people owning their own homes at 30 has been lowering in every generation since the baby boomers.
https://abcfinance.co.uk/blog/generation-rent-study/ |
Yep. The widening gap between wages and house prices are clearly making things harder.
Of course some will be able to start by making sacrifices (with the right job, right area, right personal circumstances and bank of mum and dad).
Question is what happens then? I can't see house prices shooting up for a generation.
The willingness of those who have made a fortune by buying a house at the right time looking down on those who dare to want a mobile phone is crazy.
It's just pulling the ladder up behind them. |  | | |
| £32,000 per year on 13:47 - Jan 27 with 1288 views | Dr_Parnassus |
| £32,000 per year on 13:36 - Jan 27 by STID2017 |
You are right.
Some people live neither in the real world or certainly in our world.
Many young people have to save and scrimp and live with Mam and Dad and finally buy their own house in their thirties.
Certainly in Swansea the availability of affordable housing is poor.
This thread reminds me of the scene from "It's A Wonderful Life" when George Bailey questions Potter on how he expects people to work and scrimp and save all their lives just to buy a run down old shack.
Trouble is that nightmare scenario is coming true for many first time buyers in the UK.
Some cannot or will not see it
Also rent in Swansea is nearer a £1000 for an average house.
Even A room with amenities can be £700
As Manchester ( like most big cities ) should be more desirable for people as a place to live, I dread to think what hovel people can rent for around £500 ? |
https://www.zoopla.co.uk/to-rent/details/63809621/?search_identifier=d50eb722d79
Goodness me, I should start charging for all this advice.
£675 a month, I looked for about 15 seconds. Enjoy.
Save that extra £325 a month you expected you had to pay. | |
| |
| £32,000 per year on 13:54 - Jan 27 with 1268 views | Dr_Parnassus |
| £32,000 per year on 13:45 - Jan 27 by Sirjohnalot |
Put it this way, i recently represented a young lad who had turned his life around. Offences was 3 years old. He was in supported accommodation, essentially your own room and everything else served. He wanted to either become a chef or become a full time trained mentor and youth worker to stop other young people going down the wrong path. He couldn't because if he worked full time, he would lose his benefits and could not afford his place as it was £350 a week ! (All confirmed) He had a choice of staying where he was or being homeless (as he would have voluntarily made himself homeless and the council would not help)
That is the reality, not some 'pull up your socks' rubbish which is being argued. I see this on a daily basis, so irrespective of a google search, this what happens |
That wasn’t the case you were talking about, there may well be the odd case that have found themselves in that spot due to criminal offences or such like.
But that’s no different to before.
What we were talking about is newly qualified barristers in Manchester who you claimed couldn’t afford to save any money because they had to pay back student loans (despite earning under the Government threshold to pay it back), and wouldn’t take a cut in rental property.
We are talking about normal young people, just finished school or Uni and in some form of work. They should ALL be able to afford to get on the property ladder with smart decision making.
The only mitigating circumstances is children or credit card debt. But then again that goes back to making smart choices. | |
| |
| £32,000 per year on 13:57 - Jan 27 with 1255 views | Dr_Parnassus |
| £32,000 per year on 13:46 - Jan 27 by Gwyn737 |
Yep. The widening gap between wages and house prices are clearly making things harder.
Of course some will be able to start by making sacrifices (with the right job, right area, right personal circumstances and bank of mum and dad).
Question is what happens then? I can't see house prices shooting up for a generation.
The willingness of those who have made a fortune by buying a house at the right time looking down on those who dare to want a mobile phone is crazy.
It's just pulling the ladder up behind them. |
I went without state of the art mobile phones in order to better myself.
I can’t say it particularly affected my quality of life that I didn’t have one.
People weren’t spending a months wages on a phone back when houses were cheap. You can’t complain about not being able to afford what a past generation could when you consume maybe 400%+ of things that they did. | |
| |
| £32,000 per year on 14:04 - Jan 27 with 1243 views | STID2017 |
| £32,000 per year on 13:45 - Jan 27 by Sirjohnalot |
Put it this way, i recently represented a young lad who had turned his life around. Offences was 3 years old. He was in supported accommodation, essentially your own room and everything else served. He wanted to either become a chef or become a full time trained mentor and youth worker to stop other young people going down the wrong path. He couldn't because if he worked full time, he would lose his benefits and could not afford his place as it was £350 a week ! (All confirmed) He had a choice of staying where he was or being homeless (as he would have voluntarily made himself homeless and the council would not help)
That is the reality, not some 'pull up your socks' rubbish which is being argued. I see this on a daily basis, so irrespective of a google search, this what happens |
That is awful.
How can someone who earns say £400 a week ( £10 an hour on 40 hours) afford to live after paying out £350 for a room ?
We that live in the real world know the cost of things and how hard it is.
Some others make out it a dawdle for youngsters today.
How little they know.
God forbid they should ever lose everything and have to see it for themselves [Post edited 27 Jan 2023 14:17]
| |
| |
Login to get fewer ads
| £32,000 per year on 14:08 - Jan 27 with 1233 views | STID2017 |
| £32,000 per year on 14:04 - Jan 27 by STID2017 |
That is awful.
How can someone who earns say £400 a week ( £10 an hour on 40 hours) afford to live after paying out £350 for a room ?
We that live in the real world know the cost of things and how hard it is.
Some others make out it a dawdle for youngsters today.
How little they know.
God forbid they should ever lose everything and have to see it for themselves [Post edited 27 Jan 2023 14:17]
|
Just to add that the example of a house in Clydach is one of the worst places to live in that locality.
Look at the same type of property in a decent area and renters won't have much change for out of £1000
Local knowledge helps | |
| |
| £32,000 per year on 14:08 - Jan 27 with 1232 views | raynor94 |
| £32,000 per year on 13:57 - Jan 27 by Dr_Parnassus |
I went without state of the art mobile phones in order to better myself.
I can’t say it particularly affected my quality of life that I didn’t have one.
People weren’t spending a months wages on a phone back when houses were cheap. You can’t complain about not being able to afford what a past generation could when you consume maybe 400%+ of things that they did. |
PCP car deals don't help either | |
| |
| £32,000 per year on 14:11 - Jan 27 with 1229 views | STID2017 |
Smart choices ?
Righto
I think some have been away from Swansea too long | |
| |
| £32,000 per year on 14:21 - Jan 27 with 1202 views | Dr_Parnassus |
| £32,000 per year on 14:08 - Jan 27 by raynor94 |
PCP car deals don't help either |
Correct | |
| |
| £32,000 per year on 14:43 - Jan 27 with 1170 views | STID2017 |
| £32,000 per year on 13:46 - Jan 27 by Gwyn737 |
Yep. The widening gap between wages and house prices are clearly making things harder.
Of course some will be able to start by making sacrifices (with the right job, right area, right personal circumstances and bank of mum and dad).
Question is what happens then? I can't see house prices shooting up for a generation.
The willingness of those who have made a fortune by buying a house at the right time looking down on those who dare to want a mobile phone is crazy.
It's just pulling the ladder up behind them. |
Exactly
Pulling up the ladder is right.
It is a selfish world we live in | |
| |
| £32,000 per year on 14:54 - Jan 27 with 1154 views | Dr_Parnassus |
| £32,000 per year on 14:43 - Jan 27 by STID2017 |
Exactly
Pulling up the ladder is right.
It is a selfish world we live in |
Pay for the ladder and I’ll leave it there. | |
| |
| £32,000 per year on 14:58 - Jan 27 with 1151 views | ThurrockJack92 |
| £32,000 per year on 14:54 - Jan 27 by Dr_Parnassus |
Pay for the ladder and I’ll leave it there. |
Charge a reasonable price and I'll pay for it. |  | | |
| £32,000 per year on 15:14 - Jan 27 with 1131 views | Dr_Parnassus |
| £32,000 per year on 14:58 - Jan 27 by ThurrockJack92 |
Charge a reasonable price and I'll pay for it. |
It is reasonable, you just have to lay off the Big Macs and Instagram worthy phone cameras. | |
| |
| £32,000 per year on 15:27 - Jan 27 with 1111 views | ThurrockJack92 |
| £32,000 per year on 15:14 - Jan 27 by Dr_Parnassus |
It is reasonable, you just have to lay off the Big Macs and Instagram worthy phone cameras. |
I'll make a pact, my generation will lay off the Big Macs and phones if your generation lays off the conspiracy theories and mail order brides. | | | |
| £32,000 per year on 16:02 - Jan 27 with 1067 views | SullutaCreturned |
People don't want to live there, it's RAF. I was there for work one day a few years back, it was like a Zoo, a very bad Zoo where the animals allhad 2 legs and spoke English...barely.
i wouldn't live there if you paid me. | | | |
| £32,000 per year on 17:00 - Jan 27 with 1028 views | Badgeman |
| £32,000 per year on 15:27 - Jan 27 by ThurrockJack92 |
I'll make a pact, my generation will lay off the Big Macs and phones if your generation lays off the conspiracy theories and mail order brides. |
honestly don't waste your time with him he's trolling and boring. |  |
| |
| £32,000 per year on 19:53 - Jan 27 with 955 views | SullutaCreturned |
| £32,000 per year on 17:00 - Jan 27 by Badgeman |
honestly don't waste your time with him he's trolling and boring. |
What it all boils down to is really quite simple, the costs involved in buying a house have risen far more quickly than wages have.
At the same time all the other expenses have risen ahead of wages too.
Then jobs are not as secure as they were, there are exceptions but we all know the jobs market is less secure, there are hardly any jobs for life anymore.
The banks too, they want bigger deposits and they are being more cautious about lending right now too.
Personally, when we remortgaged to move here, we wanted to take the mortgage over a longer period to keep the monthly costs down. We didn't know that within 3 years I would have my operations and return to work full time. The bank though, they will not give you a mortgage past 70 (some banks will but they charge more interest, Barclays won't) which irked me at the time as we have life insurance for more than the house was worth, it's not a gamble then, specially as if I'd hit 71 then died the insurance more than covered it. I wanted a 20 year term which took me to 72.
Anyway, one of the arguments is that young people can afford it if they sacrifice, maybe that applies in Swansea and other similar places, but it hardly applies in London where the average price is double the rest of the UK. No matter what you sacritice, on 32k you will not save a 20% deposit and be able to get a mortgage for 500k on a 32k wage. 100k deposit then a mortgage at over 10 times your wage? No chance. A lot of people born in London have no hopes of buying there. | | | |
| £32,000 per year on 20:40 - Jan 27 with 926 views | Dr_Parnassus |
| £32,000 per year on 15:27 - Jan 27 by ThurrockJack92 |
I'll make a pact, my generation will lay off the Big Macs and phones if your generation lays off the conspiracy theories and mail order brides. |
Is your generation and mine different then? How old are you? | |
| |
| £32,000 per year on 20:41 - Jan 27 with 921 views | Dr_Parnassus |
| £32,000 per year on 17:00 - Jan 27 by Badgeman |
honestly don't waste your time with him he's trolling and boring. |
Because my view goes against your heavily leftist one you mean?
Yes Acey. Okay. | |
| |
| £32,000 per year on 20:45 - Jan 27 with 916 views | Dr_Parnassus |
| £32,000 per year on 19:53 - Jan 27 by SullutaCreturned |
What it all boils down to is really quite simple, the costs involved in buying a house have risen far more quickly than wages have.
At the same time all the other expenses have risen ahead of wages too.
Then jobs are not as secure as they were, there are exceptions but we all know the jobs market is less secure, there are hardly any jobs for life anymore.
The banks too, they want bigger deposits and they are being more cautious about lending right now too.
Personally, when we remortgaged to move here, we wanted to take the mortgage over a longer period to keep the monthly costs down. We didn't know that within 3 years I would have my operations and return to work full time. The bank though, they will not give you a mortgage past 70 (some banks will but they charge more interest, Barclays won't) which irked me at the time as we have life insurance for more than the house was worth, it's not a gamble then, specially as if I'd hit 71 then died the insurance more than covered it. I wanted a 20 year term which took me to 72.
Anyway, one of the arguments is that young people can afford it if they sacrifice, maybe that applies in Swansea and other similar places, but it hardly applies in London where the average price is double the rest of the UK. No matter what you sacritice, on 32k you will not save a 20% deposit and be able to get a mortgage for 500k on a 32k wage. 100k deposit then a mortgage at over 10 times your wage? No chance. A lot of people born in London have no hopes of buying there. |
“ A lot of people born in London have no hopes of buying there.”
With respect… move then!
Honestly are we that precious now where we feel we should be able to buy houses in London on basic wages? If you can’t afford to live in a certain City then live in another. It’s hardly the Great Depression. | |
| |
| £32,000 per year on 21:18 - Jan 27 with 893 views | Gwyn737 |
| £32,000 per year on 19:53 - Jan 27 by SullutaCreturned |
What it all boils down to is really quite simple, the costs involved in buying a house have risen far more quickly than wages have.
At the same time all the other expenses have risen ahead of wages too.
Then jobs are not as secure as they were, there are exceptions but we all know the jobs market is less secure, there are hardly any jobs for life anymore.
The banks too, they want bigger deposits and they are being more cautious about lending right now too.
Personally, when we remortgaged to move here, we wanted to take the mortgage over a longer period to keep the monthly costs down. We didn't know that within 3 years I would have my operations and return to work full time. The bank though, they will not give you a mortgage past 70 (some banks will but they charge more interest, Barclays won't) which irked me at the time as we have life insurance for more than the house was worth, it's not a gamble then, specially as if I'd hit 71 then died the insurance more than covered it. I wanted a 20 year term which took me to 72.
Anyway, one of the arguments is that young people can afford it if they sacrifice, maybe that applies in Swansea and other similar places, but it hardly applies in London where the average price is double the rest of the UK. No matter what you sacritice, on 32k you will not save a 20% deposit and be able to get a mortgage for 500k on a 32k wage. 100k deposit then a mortgage at over 10 times your wage? No chance. A lot of people born in London have no hopes of buying there. |
Spot on.
Expensive places need hospitals, schools, fire stations, police officers etc.
It’s entirely plausible that people in these professions could need to access food banks.
Which was what the OP was about. | | | |
| £32,000 per year on 21:27 - Jan 27 with 875 views | Dr_Parnassus |
| £32,000 per year on 21:18 - Jan 27 by Gwyn737 |
Spot on.
Expensive places need hospitals, schools, fire stations, police officers etc.
It’s entirely plausible that people in these professions could need to access food banks.
Which was what the OP was about. |
A millionaire could need a food bank if their debt levels are higher than their income. What they do or earn is irrelevant.
But in terms of the housing ladder, everyone within reason - who wants to get on it, can do.
The rest is just excuses to carry on making bad (but convenient) choices. | |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
