Live data from Hacker News

Minimum salary required in London: £500k?

firevlondon.com

91–94 of 94 posts

Re: Minimum salary required in London: £500k?

#91

Earlier quoted context omitted.

Whilst population continues to rise, you'll be waiting a long time for your "correction".

What % of average wage do you think people will want to pay for housing? What is the limit? There has to be one.

Average wage has very little to do with it, at least when it comes to London. People there pay a lot more than the rest of the country, but they're earning a lot more too. And even within London the same kind of logic applies.

Re: Minimum salary required in London: £500k?

#92
post #91

Earlier quoted context omitted.

What % of average wage do you think people will want to pay for housing? What is the limit? There has to be one.

Average wage has very little to do with it, at least when it comes to London. People there pay a lot more than the rest of the country, but they're earning a lot more too. And even within London the same kind of logic applies.

So what happens when you have no teachers, no retail staff, no police, no ambulance and no refuse collectors?

Really: there has to be a limit.

Re: Minimum salary required in London: £500k?

#93
post #91

Earlier quoted context omitted.

Average wage has very little to do with it, at least when it comes to London. People there pay a lot more than the rest of the country, but they're earning a lot more too. And even within London the same kind of logic applies.

So what happens when you have no teachers, no retail staff, no police, no ambulance and no refuse collectors? Really: there has to be a limit.

Partly those people's wages rise. But more commonly they live elsewhere. Those people's wages have no connection to the house prices in zone 1, because those people live further out and commute.

Re: Minimum salary required in London: £500k?

#94

god...you know how hard is to make 250k in London?? this article is stupid. to give you an idea a well paid devops job that woudl pay about 130 in the US , pays about 80K GBP here in the UK. 250K is for bankers or something man this article is bollooooooox

Devops contract rate seems to be around £450/day (at the low end). Assuming 21 days per month and 2 months off per year, you'd be looking at £94500 revenue. As a contractor you could expect to pay as little as 25% total tax, but if we assume 30% you're looking at taking home £5.5k per month. Which is a grand more than an £80k salary (with an extra month off). If you're married and have your SO as a shareholder, thus…

i think the article said that you need 500K a a year. So you have to marry a devops person too, on a contract. the odds shrink a lot the couple isn't a homosexual. Where you need to find a devops woman that makes 500GBP an hour....
Post reply on HN