Tuesday, Dec 15, 2015

What impact on cash availalbe to pour into housing?

Gruniard: A university funding system designed to crush the aspirations of the poor

"These are marginal rates of taxation rarely seen since the pre-Thatcher years. But they’re not for the fat cats. Rather, they hit those at a stage in life when they are trying to buy their first home and raise a family. If you are earning £50,000, you’ll be paying back your student loan for 20 years or more."
Will be interesting to see what effect this has on demand for housing (in terms of how much money there is available to chase homes). MMR now takes student loans into account, taking a whole lot of income out of the equation for levering up a loan on.

Posted by mombers @ 01:55 PM (4909 views)
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1. Bearhug said...

This almost makes learning a second language to get cheap (free?) education elsewhere in Europe very important.

And yes, house prices and rents will have to fall. Current graduates cannot afford buying but can just about afford to rent. Future graduates will be struggling to rent as well.

Tuesday, December 15, 2015 07:10PM Report Comment
 

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