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Property Sparrow is depressed by the constant bad news about job losses.
Everywhere you turn there are articles about the types of jobs that are immune from the downturn. On MSN there’s a strange list of career areas considered to be safe during the credit crunch.
In second place there’s social housing. Working for a housing association, Property Sparrow thinks that this is nonsense. It’s taken a while to bite but most housing associations are now facing tricky times: very few shared ownership sales and the new regulator for housing associations, the Tenant Services Authority, is flexing its muscles on financial risk. The levels at which affordable housing provided by housing associations is subsidised varies across the country. Before the credit crunch they were down to about 40% of the total cost and associations borrowed nearly all of the rest or relied on shared ownership property sales or new developments for outright sale to prop up their income. It’s no different to any other sector. Problems with their borrowing arrangements are coming home to roost. Many are now reluctant to recruit new staff and jobs to do with new development, all forms of project management or servicing the corporate centre can be vulnerable.
Anyway, there’s a glaring omission from these types of lists.
Here’s a safe job. It’s a service industry, it involves the public, there are rules and regulations to prevent you from making serious errors and if you keep your mind on it there’s a reasonable chance that you will earn some money. You will be indispensable in it; no one can take it away from you against your will.
It has 8 letters and begins with L.
Everywhere you turn there are articles about the types of jobs that are immune from the downturn. On MSN there’s a strange list of career areas considered to be safe during the credit crunch.
In second place there’s social housing. Working for a housing association, Property Sparrow thinks that this is nonsense. It’s taken a while to bite but most housing associations are now facing tricky times: very few shared ownership sales and the new regulator for housing associations, the Tenant Services Authority, is flexing its muscles on financial risk. The levels at which affordable housing provided by housing associations is subsidised varies across the country. Before the credit crunch they were down to about 40% of the total cost and associations borrowed nearly all of the rest or relied on shared ownership property sales or new developments for outright sale to prop up their income. It’s no different to any other sector. Problems with their borrowing arrangements are coming home to roost. Many are now reluctant to recruit new staff and jobs to do with new development, all forms of project management or servicing the corporate centre can be vulnerable.
Anyway, there’s a glaring omission from these types of lists.
Here’s a safe job. It’s a service industry, it involves the public, there are rules and regulations to prevent you from making serious errors and if you keep your mind on it there’s a reasonable chance that you will earn some money. You will be indispensable in it; no one can take it away from you against your will.
It has 8 letters and begins with L.
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