Alleviating The Housing Crisis
What Housing Crisis? What is classed as Affordable?
Having researched the issues surrounding the housing issues in UK, and particularly in the South, out team has formulated services that should eradicate the need for both affordable housing & the lack of housing combined, but prior to explaining how we do this, we have questions, questions with answers, and results from surveys carried out.
We believe Added value offers the most compelling and common scense approach to alleviating the housing crisis conundrum throughout UK.
Question 1 What is the value of an “affordable housing home”?
We have found that on average (particularly in London) first time buyers are having to buy their first home which equates to from 7 times to 15 times (£250,000 for a 2 up, 2 down terraced house) their annual salary., which certainly is preposterous. Whereas in the midlands houses can be bought for around £150,000, and in the north around £100,000 which equates to around times annual salary..
So the disparity of what is affordable is highly debatable.
We feel “ affordable” starts from £49995
Question 2 Why are you living in London?
The most common and obvious answers were;
Jobs & Opportunity
Its very evident that the government is ploughing money into the capital, we know there is hundreds of millions of pounds being invested into the infrastructure, leisure and entertainment, technology and research and so on. London is trying to remain one of the elite cities in the world, and it is a no brainer as to why people of all nationalities flock there hoping to capture a slice of the wealth and opportunity. However, we have learned that the vast majority of Londoners are in the jobs paying just over the national minimum wage, plus “London waiting” at around 15-30%. There are some senior management roles, top executive jobs, and director lever or management jobs that pay huge salaries, but that is limited to the city, and specialist jobs.
Again when you delve into the detail, its still not a great opportunity, as below:
- The daily commute – 90 minutes each way
- Constant traffic jams, and delays – making an 8 hour shift into a 91/2 day, adding 7.5 hours to your working week
- Travel costs and quality of travel – its disastrously expensive, often not able to sit on a train, or relax in a car, famously late or delayed causing frustration, and low mood even before the day has begun., let alone time to relax and enjoy the day in the evening….eat and to bed?
- The sway of more opportunity means a lack of housing resulting in poor standards and terribly unfair rental costs
- Higher wages generally means costs go up, so whether its lunch, or coffees or dinner, you will be paying much more for the privilege.
- Indeed higher costs, and maintenance charges all round, be that child care, plumbing, building or just about anything.
- The literal impossibility of getting on the property ladder with 7-15 times your salary for basic living hanging over you, leading to the feeling of a mortgage prison suffocating you. Or you could move back in with your parents which is a growing fashion, so leads to a lack of freedom , and privacy, and parents being under pressure to support their children causing disgruntlement, arguments.