Job vacancies surge past one million in new record
Housing is anything from a third to 50% of the average UK earners take home income. Median house price to median income ratios are at historically high levels[0], and rents are now also rising[1]<p>Either wages need to rise or house prices need to fall.<p>[0] If you look at somewhere mundane like Essex the median &#x27;affordability ratio&#x27;, as measured by the Office of National Statistics ( <a href="https:&#x2F;&#x2F;tinyurl.com&#x2F;x5jatcx8" rel="nofollow">https:&#x2F;&#x2F;tinyurl.com&#x2F;x5jatcx8</a> ), was 4.5 in 2000 but is now north of 10. And yes, low interest rates help with monthly affordability but house prices have gone up ~4 fold in the last 20 years while the multiple of your income banks will lend has not, and peoples capacity to save a deposit that is 4x bigger has not.<p>[1] <a href="https:&#x2F;&#x2F;www.thisismoney.co.uk&#x2F;money&#x2F;buytolet&#x2F;article-9969349&#x2F;Rents-rise-13-years-tenants-flock-UK-cities.html" rel="nofollow">https:&#x2F;&#x2F;www.thisismoney.co.uk&#x2F;money&#x2F;buytolet&#x2F;article-9969349...</a>