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ska_mna

The Class Ceiling - Radio 4

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Did anyone catch this this morning? It's available to listen again:

The Class Ceiling

Presented by Polly Toynbee

Listen again here >

The whole programme is quite interesting, and it goes into House Prices at about 30mins in.

Some quotes:

"This is a profound change in Britain and is set, in many ways, to worsen.... It is incredibly hard to get on the property ladder, particularly in the South of England, unless you are on a high income or not likely to inherit"

"It will play out in generations to come, where we will see asset poor families being transmitted down the generations"

"Is social mobility is a two-way ladder; for one to go up, another must come down?"

David Davis: "Look at some of the Nordic countries; much much bigger middle classes than we have. Why is that? They understand that the limit on the size of the middle class is the intellectual capacity of a nation."

Edited by ska_mna

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Did anyone catch this this morning? It's available to listen again:

The Class Ceiling

Presented by Polly Toynbee

Listen again here >

The whole programme is quite interesting, and it goes into House Prices at about 30mins in.

Some quotes:

"This is a profound change in Britain and is set, in many ways, to worsen.... It is incredibly hard to get on the property ladder, particularly in the South of England, unless you are on a high income or not likely to inherit"

"It will play out in generations to come, where we will see asset poor families being transmitted down the generations"

"Is social mobility is a two-way ladder; for one to go up, another must come down?"

David Davis: "Look at some of the Nordic countries; much much bigger middle classes than we have. Why is that? They understand that the limit on the size of the middle class is the intellectual capacity of a nation."

Caught a bit of it. Problem is that the presenter is millionaire multi-property owning 'socialist' Polly Toynbee. I can guess what her solutions will involve- Government men dipping into someone else's wage packet in order to rectify the problem.

Edited by cheeznbreed

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"This is a profound change in Britain and is set, in many ways, to worsen.... It is incredibly hard to get on the property ladder, particularly in the South of England, unless you are on a high income or not likely to inherit"

:blink::blink:

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Why is it that whenever programmes or articles like this are made, no mention is made of the fact the electorate is getting younger?

Do Toynbee and her ilk realise that in 10yrs time the majority of the electorate will have been born post 1975 and might actually want to and be in a position to change how this country is run?

The thing is with the boomers is that they can't see a time in which they will be in the minority, and they won't be able to get what they WANT

(awaiting responses that 'nothing ever changes' 'politicians always get to be in charge' etc etc. )

Edited by jaspers

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"This is a profound change in Britain and is set, in many ways, to worsen.... It is incredibly hard to get on the property ladder, particularly in the South of England, unless you are on a high income or not likely to inherit"

:blink::blink:

Was just struggling with that myself.

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"This is a profound change in Britain and is set, in many ways, to worsen.... It is incredibly hard to get on the property ladder, particularly in the South of England, unless you are on a high income or not likely to inherit"

:blink::blink:

Oops, probably my poor transcription skills. Or perhaps he did say it and I should have put a [sic] in. Clearly he meant the opposite.

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David Davis: "Look at some of the Nordic countries; much much bigger middle classes than we have. Why is that? They understand that the limit on the size of the middle class is the intellectual capacity of a nation."

...that means we have no chance.... :rolleyes:

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Why is it that whenever programmes or articles like this are made, no mention is made of the fact the electorate is getting younger?

Do Toynbee and her ilk realise that in 10yrs time the majority of the electorate will have been born post 1975 and might actually want to and be in a position to change how this country is run?

The thing is with the boomers is that they can't see a time in which they will be in the minority, and they won't be able to get what they WANT

(awaiting responses that 'nothing ever changes' 'politicians always get to be in charge' etc etc. )

I dunno I could quite easily see the rental property controls introduced in the 60s in the wake of Rachmann et al. being reintroduced once enough of the population rents

This legislation was only repealed in the late 80s/early 90s by Fatcha

However, I think we are two elections away from that point..

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"This is a profound change in Britain and is set, in many ways, to worsen.... It is incredibly hard to get on the property ladder, particularly in the South of England, unless you are on a high income or not likely to inherit"

That was true in my day, too: minimum London flat price out of reach on maximum mortgage then-available, and house prices rising 20%+ per year. Hence why I fled the vile place.

Contrast my colleague in the same job and just two years older, who had got himself a bottom-of-the-ladder flat as a new grad. He was just-in-time before 1980s HPI restricted that possibility to those with BoMD.

Conclusion: big generational influences like that can move faster and more frequently than you'd think.

"It will play out in generations to come, where we will see asset poor families being transmitted down the generations"

Um, that at least has always been the norm. Few people have ever owned substantial assets.

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Why is it that whenever programmes or articles like this are made, no mention is made of the fact the electorate is getting younger?

Do Toynbee and her ilk realise that in 10yrs time the majority of the electorate will have been born post 1975 and might actually want to and be in a position to change how this country is run?

The thing is with the boomers is that they can't see a time in which they will be in the minority, and they won't be able to get what they WANT

(awaiting responses that 'nothing ever changes' 'politicians always get to be in charge' etc etc. )

Maybe they can see it which is why they're grabbing as much for themselves as they can now.

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Why is it that whenever programmes or articles like this are made, no mention is made of the fact the electorate is getting younger?

Do Toynbee and her ilk realise that in 10yrs time the majority of the electorate will have been born post 1975 and might actually want to and be in a position to change how this country is run?

The thing is with the boomers is that they can't see a time in which they will be in the minority, and they won't be able to get what they WANT

(awaiting responses that 'nothing ever changes' 'politicians always get to be in charge' etc etc. )

Good point, thought that myself, in fact was talking to an elderly neighbour discussing the young and the difficulty they have buying their first property, saving a deposit etc....they turned round and said " but the young don't vote". :blink:

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I actually thought the program was pretty poor.

none of the issues were examined in any real depth, they just went for a bit of sympathy and moved on.

no looking at how planning law restricts the number of houses, no looking at how you generate more jobs for people, just "oh woe only the rich have seen their incomes increase isn't it a terrible thing"

I was quite disappointed really.

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Any broadcast that still talks about a "property ladder" is just VI shite. The reality for property owners and "owners" is that big payout time has passed, it`s over, you now just have a big pile of bricks to sleep in.

Edited by dances with sheeple

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Did anyone catch this this morning? It's available to listen again:

The Class Ceiling

Presented by Polly Toynbee

Listen again here >

The whole programme is quite interesting, and it goes into House Prices at about 30mins in.

Some quotes:

"This is a profound change in Britain and is set, in many ways, to worsen.... It is incredibly hard to get on the property ladder, particularly in the South of England, unless you are on a high income or not likely to inherit"

"It will play out in generations to come, where we will see asset poor families being transmitted down the generations"

"Is social mobility is a two-way ladder; for one to go up, another must come down?"

David Davis: "Look at some of the Nordic countries; much much bigger middle classes than we have. Why is that? They understand that the limit on the size of the middle class is the intellectual capacity of a nation."

..not entirely accurate from mr davis.

it is not just intellectual capacity that drives the nation,it is also the regulatory framework behind the country.

the US and UK under bush and blair became corporatist.....not quite to the extent that joe public was treated as a meaningless cog in a machine,but not far off.(cameron would be wise to pay heed and not just mealy mouthed words.....it really is quite a bit more serious than he and his cohorts comprehend)

that's why you ended up with mass immigration...partly to depress the wages,but the debasement of the education system is malevolent and inexcuseable.

..

this was done DELIBERATELY,to place our kids at a competitive disadvantage,and we will pay for it for the next 30 years(or until their kids/grandkids realise what has been done to them and finally rise up because they have had enough)

I think this is likely to happen sooner rather than later,despite the prozac they put on telly to tell you otherwise.

Edited by oracle

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Why is it that whenever programmes or articles like this are made, no mention is made of the fact the electorate is getting younger?

Do Toynbee and her ilk realise that in 10yrs time the majority of the electorate will have been born post 1975 and might actually want to and be in a position to change how this country is run?

The thing is with the boomers is that they can't see a time in which they will be in the minority, and they won't be able to get what they WANT

(awaiting responses that 'nothing ever changes' 'politicians always get to be in charge' etc etc. )

...and when the boomers have stolen their kid's future,do you really think that their kids are going to give quite so much of a shit when it comes to those of senior years starting to succumb to the rigours of time?...I think not.

carousel anybody?

Edited by oracle

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< snip > David Davis: "Look at some of the Nordic countries; much much bigger middle classes than we have. Why is that? They understand that the limit on the size of the middle class is the intellectual capacity of a nation."

That's not the only reason, David. One other reason is that they have much less wage inequality than the UK.

Oh, and the intellectual capacity of Nordic countries is probably a function of their public expenditure on education which is significantly higher (in Denmark, Sweden, and Norway) in comparison to the OECD average e.g 8.5% of GDP in Denmark compared with 5.3% in the UK. In Finland it's 12.5%.

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  • 334 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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