Friday, Jul 27, 2007
Blair Era Graduates Struggle to Buy
Guardian: Graduates 'struggling to buy a home'
In a job market flooded with graduates 56% who graduated from university during the past 10 years have yet to get on to the property ladder according to Scottish Widows with 58% claiming they did not earn enough and 27% saying they could not even afford to save for a deposit.
Posted by enuii @ 08:24 PM (234 views) Add Comment
19 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. sovietuk said...
How much does having a degree actually mean now? Once upon a time (probably about 20 years ago and before) a graduate could generally look forward to a higher standard of living after using her/his degree to progress her/his career. She/he could also contemplate buying a house with a garden after not too many years of work as well. If the population is flooded with graduates should it be a surprise that so many either still live with their parents or share a bedsit with friends years after graduating.
2. enuii said...
I have it on good authority that a lot of degrees, especially those from trumped up former technical colleges are now regarded by employers as equivalent to an Average 'A' Level. Conversely if you are now in your 40's a HNC from a former technical college is now regarded as equivalent to a decent degree!
25 years ago only around 5% of the population went to university therefore they were regarded as the cream and generally treated as such by employers. Now that around 50% of children go to 'uni' there are plenty of below average graduates, the top 5% are still out there but it is very hard and time consuming for employers to sort the educational wheat from the chaff.
It's not PC to mention it but Blair & NeoLabour used higher education at the end users expense as a cheap way keeping the dole queues down knowing full well that parents won't question the system for fear of putting their own offspring down.
3. Scott said...
Absolutely spot on enuii. These universities hand out 2:1s like the Salvation Army hands out soup. I was rated 3rd in my class at University out of over 50 but me and most others were given a 2:1. I felt cheated. So there I was with an indistinguishable qualification just after the tech bubble burst, but I was undeterred.
Fortunately in my profession (software programming), you get the job based on an on-the-spot technical test and I flied through mine because of all the extra study I did. What gives my fellow students the right to just cruise into a job that I had to work hard for?
Anyway, the point is to keep going and be undeterred. I survived the tech burst and I will survive the upcoming housing burst. Good luck to the rest of you.
4. japanese uncle said...
Blair's education education education rubbish was meant to bring yet more profit to banks by effectively creating more and more young graduates heavily indebted from the start of their career. Sending youngsters originally not fit for higher education, to universities is another 'strategic thinking' quite like encouraging women's lib and their 'participation' just to double taxable population, eventually to the profit of bankers. Everything he does, he does for banks and financiers. Of course Crash Gordon was allowed to be the PM simply by following Bliar's path.
5. enuii said...
JU, thinking of true globalisation / new world order proportions.
In your opinion who are the movers and shakers manipulating our so called political leaders and the media and is there a bigger aim than merely making money for the bankers?
6. deepak said...
Is it only graduates?? I think you will find a lot more people not able to buy a house.
This delays people marrying starting families later (for which we have evidence) having children late and not able to have when they want because they are too old (for which we have evidence). And when you turn old fewer people will have to pay for a lot of older people health and pensions.
The downward spiral does not only stop with not owning the house the social depravation will last for decades.
Would like to know how many agree with this socialist view?
7. paul said...
There's nothing particularly socialist about your views deepak. I think the effects will show through in demographics and socioeconomic indicators for many years to come.
8. japanese uncle said...
for Enuii;
Once I could not convince myself of the theories presented by John Coleman, David Icke, Fritz Springmeirer, etc. But after the BBC's 'clairvoyant' broadcasting of the collapse of WTC#7, and the ensuing complete silence of the mainstream media of this potentially scoop of the century. I am begining to believe what they say, except for Icke's reptilian thing. Because manipulation of such scale could be possible only by the involvement of the extremely powerful class of people. I have little doubt that there are the kind of people out there dressed up in Savile Row suits with sober faces wearing spectacles, discussing in a sophiscated accent, how to slaughter thousands of their fellow people for their economic goals. No wonder they worship devils. How can a genuinely Christian mind could ever do such monsterous things? Personally I feel like witnessing what would happen once it was discovered that a meteor 10 miles across is destined to hit the earth within 12 months. Then the astronomical wealth accumulated over centuries through scheming, betraying and killing will prove worthless. I would be most anxious to see their faces then.
9. paul said...
JU stop being silly.
That 'clairvoyant' 7/11 thing was an editorial mistake. Hell we've heard it said here "never pinpoint malice where stupidity will suffice". That WTC thing was just journalists being irrational. I specifically remember a female US journalist proclaiming "EVERYONE IN THE WORLD KNOWS SOMEONE IN ONE OF THOSE TOWERS!".
To me that showed just how shut off from reality those media monkeys were. The WTC collapsed and guess what? Nothing happened. No stock market collapse, no global meltdown. They may have been the great and the good in there but they certainly weren't in he driving seat - even if they thought they were.
Get real guys.
10. japanese uncle said...
Editorial mistake? Laughable. The time indication of the news footage reporting the collapse was clearly 26 minutes before it actually collapsed. So the world's oldest and the most prestigeous broadcasting institution's news programme was run on the wrong time schedule and that by 26 bloody minutes? No wonder three copies of the same footage needed to have been lost in three separate archives, which is the breach of the Company's statutory obligation, which we have every reason to claim in return for our compulsory TV licence fee.
Anyway this episode actually has a great relevance to the HPC. The matter is how easy it is to drive people frenzy by psychlogical manupilation through the coordinated use of media. 'You must catch the bus now, or you will never be able to get on the property ladder.' Those who are not trained to think using their own brains by their neighbours', thanks to the New Labor education education education,can easily be lured into the housing trap or debt trap or death trap. House price that will be rising forever and the 'terrorists' capable of obliterating three skyscrapers just by hitting two of them is the same silliest illusion. And even in the US, 60% of the New Yorkers give a damn to the official line of the event and the percentage is rising by the day.
11. Fedupwithhouseprices said...
It should be easy for employers to sort out the best graduates from a) the university they went to as some require higher A Level results for entry and b) their GCSE and A level results aswell as their degree results.
12. Cheekie Charlie said...
"The WTC collapsed and guess what? Nothing happened. No stock market collapse, no global meltdown."
They only put back the effects of the economic cycle by reducing rates to 0% after this event! The future slump will be more protracted because of the nock on effect of this policy.
13. rich said...
@deepak
I agree with Paul, there's nothing specifically socialist about your view. I imagine plenty of economists are already factoring future demographic changes into their predictions.
@Japanese uncle
If the evidence for a global conspracy could've been caused by the clock on a computer being set wrong, and extent of their power is that my mother in law thinks it's a good time to invest in property, then I'm leaving my reptile gun in the cupboard.
14. enuii said...
Deepack,Paul & JU, IMHO all these rapid changes in the way this little island has functioned in the last 20 years or so, from the dependency on 2 wages just to buy a house, the acceptability of placing very young children in the care of nurseries, putting off having children to your 30's, mass illegal immigration, destruction of pension schemes, 'global terrorism' and warming taxation policies smack of social engineering on a massive scale.
What purpose this is for and why is as yet beyond my comprehension but quite obviously there are many of us puzzling over this issue.
15. Scott said...
Yes enuii, the old world is gone, and everyone is just going to have to get used to it. Who cares anyway? Terrorism is good. Before terrorism in London, you could get mugged on the underground. Now they have cctv everywhere, even on the trains. You would have to be bloody stupid to try that now. As for neglecting children, I suggest you read Darwin's thoery, roughly translated "if the little f##ckers learn to fend for themselves they will survive". As for pensions, if you keep eating the crap they serve in today's cafes and school dinners, you won't need to worry about old age. However, I do agree with your comments on mass immigration.
16. doomwatch said...
enuii, think you need to get your facts straight here. The encouragement of thickies (people with A levels below grade C) to go to
"university" (name changed polytechnics and tech colleges) was encouraged by the Tories at the end of the 80s and early 90s.
To my knowlege Foney Tont didn't get in till 1997.
17. This comment has been removed as it was found to be in breach of our Blog Policies.
18. This comment has been removed as it was found to be in breach of our Blog Policies.
19. This comment has been removed as it was found to be in breach of our Blog Policies.