Jump to content
House Price Crash Forum
Sign in to follow this  
fru-gal

Young Londoners Flee Capital For The Regions - House Prices Drive Thirtysomethings Out To Smaller Cities

Recommended Posts

Not surprised at all......considering what you have to pay to buy something for a young family to live in......move, take a pay cut and live a better life for you and your family in a not so rushed, expensive crowded place......their loss is someone else's gain. ;)

Edited by winkie

Share this post


Link to post
Share on other sites

This is the long awaited ripple effect from the sky high London house prices. Funny, I been talking with the wife about moving out of London as well (to rent, not to buy). Seems I'm always late to the party! :P

Ed Cox, director of the IPPR North think tank. “We are starting to see the benefits of the recovery, particularly for higher-skilled jobs that are being created in cities outside London.”

We are increasingly cash scraped youngsters trying to rent or buy where-ever they can! But I see how Mr Cox can put a positive spin on it, after all he probably owns a home in London and there is no way those prices could ever come down!

Share this post


Link to post
Share on other sites
Guest Jemmy Button

Stone the crows! I never realised high house prices would force those sad Londoners to look elsewhere for cheaper options. Thank goodness The Guardian is on the case to reveal this shocker...

Edited by Jemmy Button

Share this post


Link to post
Share on other sites

Nothing new.

I've said many times quoting ONS stats, NET migration from London amounts to about 1 million Londoners in the last 20-25 years.

It is about 50k a year.

The only age group where they experience an inflow from the rst of the country is 20-30 year old....graduates carrying on with the single party/undergraduate style life.

As soon as you get to family formation, kids, retirement the NET migration is firmly OUT of London.

London focus:

http://www.ons.gov.uk/ons/rel/migration1/internal-migration-by-local-authorities-in-england-and-wales/year-ending-june-2013/sty-2---focus-on-london-moves.html

National:

http://www.ons.gov.uk/ons/dcp171778_315652.pdf

14tv7n5.jpg

Nothing new.

I've said many times quoting ONS stats, NET migration from London amounts to about 1 million Londoners in the last 20-25 years.

It is about 50k a year.

The only age group where they experience an inflow from the rst of the country is 20-30 year old....graduates carrying on with the single party/undergraduate style life.

As soon as you get to family formation, kids, retirement the NET migration is firmly OUT of London.

London focus:

http://www.ons.gov.uk/ons/rel/migration1/internal-migration-by-local-authorities-in-england-and-wales/year-ending-june-2013/sty-2---focus-on-london-moves.html

National:

http://www.ons.gov.uk/ons/dcp171778_315652.pdf

14tv7n5.jpg

Surprised theres a net outflow so soon. You aint gonna make your million in your 20s alone...at least not most people. I would have expected people to move out of London in their 40s, not 30s.

Share this post


Link to post
Share on other sites

Nothing new.

I've said many times quoting ONS stats, NET migration from London amounts to about 1 million Londoners in the last 20-25 years.

It is about 50k a year.

The only age group where they experience an inflow from the rst of the country is 20-30 year old....graduates carrying on with the single party/undergraduate style life.

As soon as you get to family formation, kids, retirement the NET migration is firmly OUT of London.

London focus:

http://www.ons.gov.uk/ons/rel/migration1/internal-migration-by-local-authorities-in-england-and-wales/year-ending-june-2013/sty-2---focus-on-london-moves.html

National:

http://www.ons.gov.uk/ons/dcp171778_315652.pdf

14tv7n5.jpg

Share this post


Link to post
Share on other sites

Surprised theres a net outflow so soon. You aint gonna make your million in your 20s alone...at least not most people. I would have expected people to move out of London in their 40s, not 30s.

People don't leave London when they've made their million, they leave when they've got some experience/qualifications on their CV, have paired up with somebody and want to reproduce or are fed up with how expensive and exhausting London is. Most people who spend their 20s working in London and leave in their early 30s will have very little to show for it wealth-wise.

Share this post


Link to post
Share on other sites

Ahh, yes I currently live in a town that was popular with London leavers from 1999-2003ish.

Before that (1990-1997) there was a bit of issue with negative equity prevent any sort of movement.

Basically, they get to early 30s, meet someone (which is what towns + cities are for), get knocked-up, look at the schools and the cost of housing and leg it 100+ miles out and buy a house with a garden, leaving DH to a 4h commute.

A lot of less these days as most of the people in their early 30s have been renting and they seem (from the people I know)to have been earning barely more than a job out in the sticks and paying it all over in rent.

Another fact is that commuting, whilst never cheap, has been going up inflation + 3% or 5% a year. Wages have been stuck at best, or falling.

Share this post


Link to post
Share on other sites

Ahh, yes I currently live in a town that was popular with London leavers from 1999-2003ish.

Before that (1990-1997) there was a bit of issue with negative equity prevent any sort of movement.

Basically, they get to early 30s, meet someone (which is what towns + cities are for), get knocked-up, look at the schools and the cost of housing and leg it 100+ miles out and buy a house with a garden, leaving DH to a 4h commute.

A lot of less these days as most of the people in their early 30s have been renting and they seem (from the people I know)to have been earning barely more than a job out in the sticks and paying it all over in rent.

Another fact is that commuting, whilst never cheap, has been going up inflation + 3% or 5% a year. Wages have been stuck at best, or falling.

Once or twice a week.......why in this day and age does someone need to be in an office in a set place five or six times a week when so much now can be done at a distance....we are all in touch, so near but so far away. :)

Share this post


Link to post
Share on other sites

Once or twice a week.......why in this day and age does someone need to be in an office in a set place five or six times a week when so much now can be done at a distance....we are all in touch, so near but so far away. :)

Share this post


Link to post
Share on other sites

Birmingham is still too expensive. In my opinion the best outcome would be to make London a country in it's own right with a fantasy currency for the globalists and return Tamworth to it's rightful place as the Capital of England. Devolve Scotland and sever Wales from what's remaining and allow it to float off into the Irish sea.

Edited by longtomsilver

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   211 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.