> As Londoners head to the polls on Thursday, one issue likely to be on many renters’ minds is housing.
I’m surprised to be honest that housing isn’t the number one issue.
> “I have looked at shared ownership as another option but the ones that are out there are not as affordable as people think,” Ms Sullivan adds.
SO is a weird one at the moment given house prices. Maximum household income cap of £90,000, but the cost of the properties is often so high that you need a salary above £80,000 to qualify for the mortgage, meaning it’s only an option for a small slice of people who manage to fit in that band
> Mr McQuillan-Keane says recent government changes have also discouraged landlords, worsening the shortage, adding: “Anti-landlord rhetoric is making landlords run for the hills.”
Some good news at least.
Same goes for 95% of the people who build the flats you design..
Architects get paid pittance
Deposit aside, a newly qualified architect and a partner with a half decent profession can afford to buy somewhere in South London. Obviously it depends on the exact area – Wimbledon, probably not. Down the road in Morden, probably can.
So? That’s applicable to a lot of professions. Boat captain could navigate a yacht they could never afford. An accountant might prepare the income tax of a family that’s worth billions of pounds. Chef could cook meals with ingredients they could never afford.
This isn’t really news
I design planes I can never afford to pilot says Airbus engineer
I’m sure the factory workers at Rolls Royce, do not drive Rollers to site.
Sweatshop workers for luxury brands in South Asia enter the chat.
People who drive buses can’t afford to buy one
Pilots can’t afford to buy their planes
Builders work on some houses they can’t afford
Mechanics work on some cars they can’t afford
The list goes on…
Young architects are on fairly low salaries. She may be to able to improve on that in a future. But I agree – the situation is getting worse even for what used to be middle classes.
If she is concerned about the situation on the market she can do something about it as an architect.
It is the question of building more houses or limiting the demand (such as stop investors from abroad, limiting immigration, limiting council liabilities..) Unfortunately investors like buying in the UK because there is high demand and high prices.
That’s how jobs work. I work in a hospital mending machines I could never afford to buy.
I design software I can never afford to buy. Same goes for a lot of professions.
There’s a thing on the internet that kids in high school can check to see the median salary and 5/10 year outlook for most jobs.
Wut? Yes the housing crisis is insane and we should fix it, but that headline is ridiculous. I work in finance and deal with amounts in the hundreds of millions or more most days – should I complain that I am dealing with amounts of money I will never be able to earn?
They have tricked everyone into making sure everyone is as fucked as them otherwise they can’t complain. We are fucked.
15 comments
The opening line is interesting:
> As Londoners head to the polls on Thursday, one issue likely to be on many renters’ minds is housing.
I’m surprised to be honest that housing isn’t the number one issue.
> “I have looked at shared ownership as another option but the ones that are out there are not as affordable as people think,” Ms Sullivan adds.
SO is a weird one at the moment given house prices. Maximum household income cap of £90,000, but the cost of the properties is often so high that you need a salary above £80,000 to qualify for the mortgage, meaning it’s only an option for a small slice of people who manage to fit in that band
> Mr McQuillan-Keane says recent government changes have also discouraged landlords, worsening the shortage, adding: “Anti-landlord rhetoric is making landlords run for the hills.”
Some good news at least.
Same goes for 95% of the people who build the flats you design..
Architects get paid pittance
Deposit aside, a newly qualified architect and a partner with a half decent profession can afford to buy somewhere in South London. Obviously it depends on the exact area – Wimbledon, probably not. Down the road in Morden, probably can.
So? That’s applicable to a lot of professions. Boat captain could navigate a yacht they could never afford. An accountant might prepare the income tax of a family that’s worth billions of pounds. Chef could cook meals with ingredients they could never afford.
This isn’t really news
I design planes I can never afford to pilot says Airbus engineer
I’m sure the factory workers at Rolls Royce, do not drive Rollers to site.
Sweatshop workers for luxury brands in South Asia enter the chat.
People who drive buses can’t afford to buy one
Pilots can’t afford to buy their planes
Builders work on some houses they can’t afford
Mechanics work on some cars they can’t afford
The list goes on…
Young architects are on fairly low salaries. She may be to able to improve on that in a future. But I agree – the situation is getting worse even for what used to be middle classes.
If she is concerned about the situation on the market she can do something about it as an architect.
Some of them got together [and done exactly that](https://www.theruss.org/).
It is the question of building more houses or limiting the demand (such as stop investors from abroad, limiting immigration, limiting council liabilities..) Unfortunately investors like buying in the UK because there is high demand and high prices.
That’s how jobs work. I work in a hospital mending machines I could never afford to buy.
I design software I can never afford to buy. Same goes for a lot of professions.
There’s a thing on the internet that kids in high school can check to see the median salary and 5/10 year outlook for most jobs.
Wut? Yes the housing crisis is insane and we should fix it, but that headline is ridiculous. I work in finance and deal with amounts in the hundreds of millions or more most days – should I complain that I am dealing with amounts of money I will never be able to earn?
They have tricked everyone into making sure everyone is as fucked as them otherwise they can’t complain. We are fucked.