Re: It's like the sixth form common room
>>"The minimum wage is about to become £6.70 per hour. Coming out at £27,872, will leave very nearly £26k after taxes are applied. Multiply the gross by 3 for mortgage purposes and you get about £83k maximum safe borrowing limit.
If I'm reading you correctly you're basing your ideas on two people both working forty-hours a week every week of the year (2x40x52x £6.70 = £27,872). That unrealistic calculation alone should tell us what we need to know about your argument. It shows a very stunted understanding of both the current state of the jobs market and, indeed, how humans can tolerably live.
Furthermore, it takes no account whatsoever of living costs - firstly ignoring what repayments will be like and secondly the necessity to save for a deposit in the first place. Two people living off £26,000p/a and saving for a deposit? I'd enjoy seeing you try to live off £13k a year.
>>"That alone woul allow the purchase of a whole raft of protery types and locations throughout the land, except for central London."
Well you can get a small terraced house in Hartlepool for around £80,000, I'll grant you. So yes, if everyone is willing to move away from friends and family to whatever depressed area of the UK happens to have the lowest house prices, you might get on the ladder with something small. But we're still not at the point where someone on minimum wage can actually get here, as you're claiming. This is still above their level.
>>"Which is now taxed at a significantly higher rate than any and all previous goivernments desired to. How do you not see that as a good thing?"
Sure, it's a good thing, and I would not expect the government to ignore a pathway to get money out of anyone be they middle-class landlords or otherwise. But I don't see how it remotely addresses the fact that people wishing to buy face massive competition from wealthier people buying those same properties so that the former are forced to rent, instead.
>>"Only, it isn't. I've already shown you how any minimum wage couple can afford to buy a home almost anywhere in the UK"
You really haven't. You've completely assumed cost of living is low enough that your hypothetical couple who have managed to find consistent full time employment and work fifty-two weeks of the year can somehow save enough.
>>"Unrealistic expectations i what is at play here. Having rented nice fully specced homes in nicer areas, they simply don't want to start out at the bottom of the ladder liek the rest of us had to."
A couple don't live in a five-person house share, shacking up in a single bedroom because they're too snooty to settle for a modest house. You really have no idea and IF you started out at the bottom like the rest of us, you should have a better feel for how hard it is to get out in the modern day. But I suspect you did not.