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Exact(29)
Take planning decisions based on which developments maximise the way local earnings stay circulating locally.
In 2014 the average Oxford home cost 11.3 times average local earnings.
Housing policy: rent controls should be reintroduced to link private rent to local earnings.
This year, court records show, a case was filed against Mr. Long for not paying his local earnings tax.
Oxford is again identified as the least affordable city in the UK, with average prices at 10.68 times local earnings.
The Lloyds analysis is unique in that it compares local house prices with local earnings rather than national averages.
Similar(31)
Based on the District's median income of $69,235, locals' earnings are $13,869 below the amount needed to live well in the nation's capital, a deficit of $1,156 a month.
However, the destructive competition of a digitized load-matching system could put intense downward pressure on local drivers' earnings.
When people leave the development, the value of their share of their property is linked to local average earnings, not local house prices, in effect preventing people from speculating on homes in the scheme.
Labour's candidate wants half of all new homes built to be affordable, pegged to local average earnings, and says he'll make sure new homes must be offered to Londoners first, not sold off-plan overseas.
Research by Halifax found the least affordable rural area was Chiltern district, between London and Oxford, where at an average of £477,526 homes cost 9.5 times local average earnings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com