You certainly can in all those places, yes.
It wasn’t my point, I was arguing yours. But it’s very difficult to argue a point when you constantly move the goalposts.
Can someone on an average wage afford an average house.
Yes, yes of course they can.
The more I practice, the luckier I get
Or is this the house price thread?
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If I’ve understood Mr T’s argument luck is down to nature not nurture. But you’re saying it’s the opposite?
Yes, it’s the house price thread but I predict it’ll go off track soon. Tbf I’m surprised it’s lasted this long…
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I don’t think so. You don’t get any weighting salary for living in the South East, yet it’s a shitload more expensive. Even up North, the average house is more than 3x the average salary.
I remember that it was common in financial services firms to get London and South East salary weightings - the former higher - in acknowledgment that it was more expensive to live in those areas.
Funnily enough these “benefits” tended to be bought out around the time unions declined significantly…
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We have been told we can only borrow 3 x joint salary with 10% deposit. This is not enough for us to buy up here in Carlisle… sad times!
It’s down to nurture BUT it needs the brains to notice it.
Obviously being born into wealth going to Eton etc could be called lucky but as a REALLY simplistic example I was called lucky because I went to the Rugby WC final in 2003.
But actually there was 2 months planning before we made a decision to go. We booked in April for a game in December but That included a real assessment of the draw and the form. We thought it was a real chance England would be there, but also thought it would be a brilliant trip. Our decision was proved right we were called lucky
2nd example
Took 30 people to a Casino after a motivational training course. Every single person who gambled left with more than they entered with. It wasn’t luck it was observation skills training & common sense.
Observers see opportunity and work for it. Others say you were lucky.
Win on the lottery - lucky. Win at the horses? homework improves the odds the more you know the better the odds become
VERY simplistic I know but I have been lucky enough to get a free flight & accommodation in Milan next week.
Nobody will see the 3 business & marketing plans I wrote or the custom made Golf Vacation packages I created for a travel agent in 6 days to earn that.
Luck is also in the eye of the beholder
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Even if were financially practical for people to move to the places with the cheapest property, so much is lost. Right now, we’ve got families living towns apart for no other reason than the ascent of prices. Kids can’t afford to buy where their parents live, so end up losing practical support or having to pay a lot more in travel costs to get it.
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What’s even more annoying is that jobs are now being priced so low (sometimes internships which pay nothing at all are being advertised) which price out poorer kids from up north from the London job market.
I managed to get 18 months as a newsletter editor at a (fairly crappy) consultancy for £17k p/a. The job sucked but I was able to get something on the CV and a foot on the career ladder contingent entirely on the fact that I could live with my parents. The poor kid from up north would never have a chance to do the same as you literally can’t even survive renting on what adds up to £1200 p/m when even the crappiest flat in zone 3 costs £600+ bills and you’ll need a zone 1-3 travelcard which costs £146 p/m.
If you’re a middle-class kid from London, you certainly don’t need to be a bleeding heart liberal to notice that you’d be fucked every which way if you were from a poor family from up north.
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If you have seen the betting thread non of us are bloody lucky
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What’s your credit rating like? I’m assuming not too great…
A lot of parents now tend to move. My parents are considering moving to be close to me and my sister, but they’re struggling to afford somewhere near us…not sure what the solution is really without screwing people’s finances and thus the economy - especially at a time of real uncertainty due to Brexit.
Early 70’s child here and have managed to reap the benefits of the tail end of the housing boom. Only in so far as going from a starter home to our current one. Plan was one day to move to the big house on the hill but that is never ever going to happen.
Talking about lucky generations to my parents (1945 ish ) and despite their protestations that they have had it tough have clearly been born in a very lucky time. Free education ( Dad went to KES when it was a grammer school) , free healthcare, almost total employment, gold plated pensions and an insane housing market that has the potential to leave them very rich.
However, what I envy of them the most is the assumption that each generation would do better than the one before. They knew that they were doing better than their parents and they knew that liklelyhood was that we would do better than them. That must have been a tremendous environment to have kids in. The saddest thing , for me, is looking at the world not only fiscally but environmentally and politically and fearing for my kids future in it.
Ah well, at least we get their house when they die
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I agree, the saddest part of this is my children unless we live abroad will be poorer than me, Europe is dying and we have to look elsewhere I suppose.
Both me and my missus got London weighting on our jobs (and moving bonus) - luckily it’s still common to get both.
Originally posted by @Barry-Sanchez
I agree, the saddest part of this is my children unless we live abroad will be poorer than me, Europe is dying and we have to look elsewhere I suppose.
Do I have to warn president Duterte that you’re on the way then?