Hey there! Sign in to join this conversationNew here? Join for free

First time buyers in 2020 London will need to earn £106000 to buy a house Watch

    • Thread Starter
    Offline

    21
    ReputationRep:
    http://londonist.com/2016/04/first-t...ouse-in-london
    Offline

    15
    ReputationRep:
    Looks like you engineers and computer scientists should be alright.
    Posted on the TSR App. Download from Apple or Google Play
    Offline

    15
    ReputationRep:
    most engineers only get around 60k
    Posted on the TSR App. Download from Apple or Google Play
    • Offline

      20
      They'll need a SALARY of £100k. Christ.

      Higher life expectancy is definitely a double-edged sword. And of course it doesn't help that people are staying single (i.e. not moving in to a single home together) for longer.
      Offline

      15
      ReputationRep:
      (Original post by joyoustele)
      most engineers only get around 60k
      Don’t tell that to the ones expecting a 6 digit graduate salary
      Posted on the TSR App. Download from Apple or Google Play
      • Political Ambassador
      Offline

      21
      ReputationRep:
      Wow, that is very high. I guess if you have a partner then its 50k each but that's still a lot.
      Offline

      12
      ReputationRep:
      Sounds like ******** to me! I reckon London house prices will (continue to) fall in the short term, due to Brexit-related matters.
      Offline

      19
      ReputationRep:
      So... for all the law grads out there... it's getting into a US law firm or buying lifetime membership of Generation Rent
      Offline

      9
      ReputationRep:
      They already cost a bomb
      • Thread Starter
      Offline

      21
      ReputationRep:
      (Original post by JohanGRK)
      So... for all the law grads out there... it's getting into a US law firm or buying lifetime membership of Generation Rent
      Yeah Latham&Watkins or live in Bolton, your choice haha
      Offline

      18
      ReputationRep:
      London is in decline, Manchester has huge potential.
      • Thread Starter
      Offline

      21
      ReputationRep:
      (Original post by ckfeister)
      London is in decline, Manchester has huge potential.
      Huge potential sure but not the potential to become London
      Offline

      18
      ReputationRep:
      (Original post by Trapz99)
      Huge potential sure but not the potential to become London
      It'll be the North alternative to London. I also wouldn't rule that out in 10-15 years things might take a turn.
      • Thread Starter
      Offline

      21
      ReputationRep:
      (Original post by ckfeister)
      It'll be the North alternative to London. I also wouldn't rule that out in 10-15 years things might take a turn.
      It highly doubt it. There's a lot more investment into London. Pretty much every major corporation has their headquarters here. It continues to attract talent from across the UK and the world in a way that Manchester doesn't. The chance of Manchester becoming a global city on the scale of today's London is minuscule. Perhaps Paris or Frankfurt have a chance, Manchester no way.
      Offline

      20
      ReputationRep:
      (Original post by ckfeister)
      It'll be the North alternative to London. I also wouldn't rule that out in 10-15 years things might take a turn.
      There's no way that a city with no global significance apart from their football teams and with a 1/4 of the population of London, with far worse infrastructure and transport, is ever going to be a real challenger to London in terms of attracting workers to go live there.
      Offline

      18
      ReputationRep:
      (Original post by Trapz99)
      It highly doubt it. There's a lot more investment into London. Pretty much every major corporation has their headquarters here. It continues to attract talent from across the UK and the world in a way that Manchester doesn't. The chance of Manchester becoming a global city on the scale of today's London is minuscule. Perhaps Paris or Frankfurt have a chance, Manchester no way.
      But what happens when new graduates begin to have negative viewpoints of London? I'm also talking about UK wealth not Europe's financial centre.
      Offline

      17
      ReputationRep:
      Salaries aren't moving though
      Offline

      18
      ReputationRep:
      (Original post by Ladbants)
      There's no way that a city with no global significance apart from their football teams and with a 1/4 of the population of London, with far worse infrastructure and transport, is ever going to be a real challenger to London in terms of attracting workers to go live there.
      What is the:

      Rent
      House prices
      Crime
      Schools
      Food prices
      Salaries

      Like?

      A £30 000 salary in London is almost bare minimum for a flat share. £22 000 in Manchester would be able to get you go buy a flat.
      Offline

      11
      ReputationRep:
      1929 all over again
      Offline

      17
      ReputationRep:
      (Original post by ckfeister)
      What is the:

      Rent
      House prices
      Crime
      Schools
      Food prices
      Salaries

      Like?

      A £30 000 salary in London is almost bare minimum for a flat share. £22 000 in Manchester would be able to get you go buy a flat.
      Says a lot about Manchester doesn't it.
     
     
     
    Reply
    Submit reply
    TSR Support Team

    We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

    Updated: October 30, 2017
  1. See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  2. Poll
    What newspaper do you read/prefer?
    Useful resources
  3. See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  4. The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.