How do young people cope?

[JamesWales]

Re: How do young people cope?

I don't think the fall in owner occupation is anything to do with your bundle of 'conspiracy ?' plots.

The biggest factor is cash rich buy-to-let landlords squeezing out first time buyers who have seen the cost of homes skyrocket whilst their wages have been stagnant or fallen. Other factors too - but from 70.9 of all homes being owner occupied in 2003, it has now fallen to 64.3% (was 62.6% in 2016). Not a problem if that is part of a mixed and affordable housing stock that meets needs - but it isn't.

At the same time social renting (mostly Council and Housing Association) has fallen to its lowest in a century at 16.6%. Private renting is up to around 19-20% of the total stock of homes. A big chunk of those privately rented homes are ex Council Right To Buys that have been sold on and ended up with private landlords who typically (in London and some other big cities) charge 3 times the rent of an identical retained Council home - either adding to homelessness (some of it hidden) or to the national housing benefit bill. As with low wages, bad employers and bad landlords are subsidised via the Treasury by the rest of us.

So not 15 minutes cities, the end of cash, or Bill Gates chips floating in our latest vaccine shot - just under regulated capitalism where the rich get richer and the majority just try to stay afloat.

Nearly every flat being built in Cardiff city centre now is buy to let. They will never go on open sale.

It's an absolute disgrace, a total scandal and the welsh government and council sit back and watch. Appalling

[Eric the Half a Bee]

Re: How do young people cope?

Nearly every flat being built in Cardiff city centre now is buy to let. They will never go on open sale.

It's an absolute disgrace, a total scandal and the welsh government and council sit back and watch. Appalling

What should the Welsh Government (I notice you decided to not capitalise it) do about it and how would that differ from Westminster?

[North Cardiff Blue]

Re: How do young people cope?

Please share it with us, just so there's no misunderstanding, if you have the guts to do so.

I cried because I had no shoes until I met a man who had no feet.

[North Cardiff Blue]

Re: How do young people cope?

What should the Welsh Government (I notice you decided to not capitalise it) do about it and how would that differ from Westminster?

Nothing hopefully, they just make every single thing they touch worse - https://www.bbc.co.uk/news/uk-wales-68330487

[waynekerr55]

Re: How do young people cope?

We've recently found out we're expecting our first child and went to look at prams and newborn stuff yesterday.

For the most popular brand it was a staggering £1400 for just a pram and car seat.

Mid terrace 2 bed house for rent in Canton is about £1400/month

Car insurance is about £750 for a 25 year old.

And I know everyone is in the same boat with high costs, but how are young familes (younger than me) supposed to survive these days when they're stuck in entry level jobs?

Drink less coffee and stop having avocado on toast. At least that's what the "brains" on GB news and the Mail telling them...

[North Cardiff Blue]

Re: How do young people cope?

Does eBay have a 2 bed flat for 50 quid a month?

Probably closer to £50 than £1400

[goats]

Re: How do young people cope?

Nearly every flat being built in Cardiff city centre now is buy to let. They will never go on open sale.

It's an absolute disgrace, a total scandal and the welsh government and council sit back and watch. Appalling

Yep most owned by banks or huge companies/ hedge funds. There is a huge shortage of hotels in Cardiff so they are also built for airbnb style living now too. Lots of low end hotels now just housing homeless families…what a life eh.

[splott parker]

Re: How do young people cope?

Drink less coffee and stop having avocado on toast. At least that's what the "brains" on GB news and the Mail telling them...

Some of these ne’er-do-wells have mobile phones & televisions, some even drive, their kids are clean and well dressed as well. Don’t they realise they’d have been up chimneys with Dick Van Dyke in Victorian times. They just don’t know their place!!!

[SLUDGE FACTORY]

Re: How do young people cope?

Yep most owned by banks or huge companies/ hedge funds. There is a huge shortage of hotels in Cardiff so they are also built for airbnb style living now too. Lots of low end hotels now just housing homeless families…what a life eh.

Well that's capitalism for you

Thatcher basically privatised the social housing sector and this is what we are left with

If people are appalled by this then blame the selfish gits who voted Conservative in the 1980s

It will take 20 years of investment in social housing to turn this nightmare around

There was a post war concensus in housing policy and although mistakes were made such as some of the high rise estates it was accepted that low cost housing for rent and sale was needed

Along came the Tories, ripped up protected rent ......this is where you are paying huge market rents to private landlords ! ......and sold off council housing .....Great for those who got a house from a huge state subsidy ........a nightmare for those left scrabbling and squabbling around for what was left

It's not the fault of the Welsh government , they have stopped the sale of council homes

[SLUDGE FACTORY]

Re: How do young people cope?

Nearly every flat being built in Cardiff city centre now is buy to let. They will never go on open sale.

It's an absolute disgrace, a total scandal and the welsh government and council sit back and watch. Appalling

This is the result of unmanaged free market capitalism involved in the housing market and seeped into social housing

There is no real social housing left now thanks to the conservatives so the homeless and poorly housed on the waiting lists are directed to hugely over priced private accommodation..........which is paid for by the state through housing benefit ......and goes to private landlords

It is absolutely a scandal and it's down to your lot

The local authorities have absolutely no choice but to house those on the waiting lists into private housing until we start building a glut of social housing

What else would you propose ?

[J R Hartley]

Re: How do young people cope?

It's not the fault of the Welsh government , they have stopped the sale of council homes

Well done. They shut the gate after the horse had bolted. Bravo.

[SLUDGE FACTORY]

Re: How do young people cope?

Well done. They shut the gate after the horse had bolted. Bravo.

How do you propose that the Welsh government fund the huge House building needed which was lost to council house sales ?

Without tax raising powers ?

Enlighten me

[J R Hartley]

Re: How do young people cope?

How do you propose that the Welsh government fund the huge House building needed which was lost to council house sales ?

Without tax raising powers ?

Enlighten me

Speeding tickets for people driving over 20 mph

[SLUDGE FACTORY]

Re: How do young people cope?

Speeding tickets for people driving over 20 mph

How much will that raise ?