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ace32229 | 7 months ago

Here in the UK:

Average mechanical engineer salary (mid-career) = £45k Max mortgage based on salary = ~£200k Average house price = ~£292k

-> Most people with an engineering degree cannot buy a house

discuss

order

wuiheerfoj|7 months ago

Most people with a mechanical engineering degree cannot buy an _average_ house - not quite the same

Urahandystar|7 months ago

Extrapolating your answer, Most mechanical engineering firms are not in the same areas as the cheap houses. So on your point, most mechanical engineers cannot buy a house that they can live in and get to work.

ralferoo|7 months ago

There are several counter arguments here.

Most people with an engineering degree are probably in a relationship, so they don't need to buy a house on a single salary.

There are plenty of houses for sale below the average price, just as there are plenty above.

Buying isn't necessarily the best option anyway. House price returns in the UK are somewhat below stock market returns, so as a pure investment it doesn't make sense. Unfortunately, we have the narrative in the UK that we should aspire to own houses, but that doesn't mean it's necessarily correct!

Peritract|7 months ago

> Most people with an engineering degree are probably in a relationship

This doesn't feel like a valid assumption.

MichaelOldfield|7 months ago

That means you can buy a house a little below average. With a spouse straight up can.