I paid 350 for a single room in Maida Vale, London in 2008. After 6 months I realised there was a hole under my bed and I saw a huge rats tail go in it. That scrummy place would now be 800 pounds a month to rent. London is a dump.
@@iskkarate yeah I think that would be real deal, I was paying 700 in Maida Vale back in 2010 for a rented council flat living room converted to a bedroom 😂
@@Ash-ov3ci Back to the family home near Bristol... I plan to move to the midlands after the summer. It's about the only place left in the UK where you will get value for money.
@@pn2124 I see what you mean. Thankfully I'm still commuting into London once a week and my work pays for most of the train fair. No rent to pay currently other than contributions to bills etc.. pretty custhy atm, but it won't last. So just gonna make the most of it of now.
I was born and grew up in Clapham, London and left just under 10yrs ago, I miss the convenience of socialising and some friends who still live there but I DON'T miss London at all, and in fact moving away from UK in the next couple weeks as the whole country has changed over the last 10yrs.. and sadly not for the better!! The housing and living costs in some areas are just absolutely shocking!! cost of living in UK for the quality of service is just absolutely ridiculous now!!
TFL makes large losses even at these prices. The whole system of transport is bloated, inefficient, wasteful, bit like other socialist systems in the UK like the NHS. So to do what you are asking requires massive reforms. UK politicians have shown no ability to make any meaningful changes in any area for many decades.
Why on earth would anybody want to live in London other than a slighter better salary? It's just not worth it. Move to the countryside or seaside and be 10 times happier. There's more to life than chasing a high salary (corporate slave).
Nahhhh its Shepherd's Bush and Ladbroke Grove West London for life!! Funny enough I moved to Dallas Texas USA😂😂😂 I love London though because that's why I a Londoner
@@Shino88 I moved to Italy with my wife. Still renting but only pay €350 a month for 2 bedroom flat that has sea views. London I was paying £1100 for a small one bedroom flat.
@@shawndurbsNice! I’m following in your steps but moving to Zurich fairly soon. Rent is quite steep but salaries are so much better so you can enjoy life and save money.
London is good for bankers traders business men for the elite others wasting your time move up north lovely towns and villages no pollution ulez murders etc
That’s the problem with British people if this was France they would all be rioting English peoples solution is move and actually help London be only for the rich smh .
the council tax is passed on for those council employees such as garbage collection and the employees in such industries need that extra pay to compensate for living, there should be a rent cap on homing and housing should be graded, because people are charging huge rates for abysmal living conditions
My theory about London is that there are secretly loads of people doing really, really well. Hence the rent prices. I'm still living at home at 30 & would love to live in London one day, but it just seems like an absolute pipe dream right now. No matter what job you have.
That's a pretty bad theory. Housing is essential. London pays better and has better job opportunities than the rest of the UK, so it's seen as a good place to build career. Plus, there's lots of going on. That doesn't mean that pay keeps up with the cost of housing. Rent aside, owning a house is far more expensive, adjusted for income, then the rest of the country. In London a property costs something like 12x the average London salary. In the rest of the country, it's more like 6x. Rent will follow similar logic
This does highlight the frontline problems with living in any big city, especially London, but you dont get to the meat of the issue. Why are costs rising in the UK and the US? Because since 2008, the wealth holding of both countries has dipped to historic lows. 14 years of the Tories and they have done nothing to address the problem and have actually added fuel to the fire. Now we pay more tax for less pubic services, because as a country we are having to service our debt first. We need radical change! And i am not talking about the fringe rightwing nutters of Reform, but actual politicians capable of coherent thought. Admittedly they are hard to find in this day and age! First we must re-nationalise our utilities and stop giving away the profits to private business. Next up and crucially, we must ensure the rich pay their fair share of tax. Because if weath inequality increases, the divide will continue to widen and soon enough nobody will be able to afford a home. The cost of food and rent is a real problem, but unless we address the cause there is never going to be improvement.
@@goych A phase? Haha, but yeah I'm sure it is a phase until it rises again and again and again ! I've never heard of the cost of living decreasing, have you ?
@@dw5556 i didn’t mean a phase of economic woe but a phase of humans being deranged But then again I see that that’s also always been the case Oh dear!
Lived in London, I was pay check to pay check. I tried slimming the budget, tried more hours and even tried cutting meals. I left to go back to my home town, I have no regrets leaving, im actually able to save and have been a lot happier. London isn't for the common man anymore, its for the rich and they can have it for all I care 🤷♂️
That's not actually a very good explanation though. The population of London isn't increasing by 20% every year House prices, rent, and mortgages are rising everywhere in the UK, because the wealth of the super rich has exploded so they're buying up property as investment. Since COVID the wealth of the top 1% has increased by more than £800 billion, mostly from the Bank of England printing money and government debt, which is driving up inflation even more. And it means the government has no money to build or buy back affordable social housing. Rent would be a lot lower if there was a wealth tax on the top 1%, to pay for more social housing, and rent controls for private landlords (like most other European countries).
@@DaProHobbit The large number of people entering the UK every year causes far more demand for property than these super rich people buying up property. And if the rich are indeed buying property as an investment then in many cases someone will be renting it. The top 1% already pay about 30% of all income tax in the UK.
That's gonna be the whole of the UK soon 😂 20 years time and they'll start building cities in the Scottish Highlands because England's running out of space.
Historically, 30% is the lowest proportion they’ve ever had to pay - and that’s if they even pay that. Rishi “worth £700 million” Sunak paid 22% on his income last year. That’s nothing considering he would PASSIVELY earn over £20 million on his assets in the same period. The rich naturally empire build at the expense of everyone/everything else
Why more people don’t leave U.K. I don’t understand since the wages to cost of living ratio is worse here than just about anywhere else in Western Europe. What is the point in them staying here?
How would someone move out of the UK easily, since its no longer part of the EU and therefore doesn't enjoy freedom of movement with EU anymore? To move to another country you need at the least a work permit. Most employers dont want to sponsor someone for a work permit unless they have specialist skills like for eg a software engineer, or certain car factory workers etc. On top of that you have issues with language most ppl not speaking German in this case.
@@zatarawood3588 Yes they are all very good points. Especially the freedom of movement you mentioned. Now it’s not so simple to go work in another country as it was. We’ve sacrificed that and the promised returns have never come, surprise surprise. So you are right in what you say, it’s far more difficult to just get up and do than some people think. But there are ways it just takes a strong willpower and determination
Incredibly expensive, constant price rises but little increases in pay. Only the rich can buy a home. My advice: don’t come to London unless you earn over £50,000.
Ummm … it isn’t as if I can’t pay my ( extortionate) electricity bills , so I tried to see if I could keep my electricity bills down : I simply shut off most of my electricity heaters at home ( I mean , I live in Central London - not in the glacial Scottish Highlands) , put on a couple of my woolly jumpers , wore leggings under my sweatpants, and wore a woolly toque to keep my head warm and thick woolly socks on my feet … and it all worked , and I didn’t really feel the cold at all ! My electricity bill was reduced by two - thirds , and … I am still alive , and smiling’ ! 😊
The rent increases are a direct reaction to Section 24. It has pushed hundreds of thousands of small landlords out the market which is a huge supply of rental stock being sold into the market. Less supply and high taxes on rent has resulted in this problem. So thank the government for that.
@@PHTV11 it's happening everywhere, London will just be a bit ahead of the curve. We should address inequality as an economic obstacle rather than allow the gap to go further.
It was Tony Blair who destroyed Britain with mass immigration not the conservatives who have had long enough to stop it and will never be in power again due to the Islamic threat that has happened on their watch.
Stop blaming landlords - just think about their costs. Higher interest rates = higher mortgage costs. Similarly increased wages = higher management costs, accounting etc. Not to mention repairs - have u tried to find a qualified labour person? They cost fortune! And landlords don’t charge u any more despite being obliged to carry out repairs which can costs thousands of pounds…
If people actually bothered to learn to cook and not buy food that goes to waste, you'd save a lot of money and supermarkets would put prices down. Can also buy discounted food if you'll use it up within a few days or freeze it and use it later after defrosting and get almost the same nutrition for 1/5th of the price.
There needs to be cost of living protests. People can be bothered to still protest about Covid but they can’t be bothered to protest about cost of living
I was supply teaching in London in 1994 at a rate of £73 day and paying £45 for nice ground floor room in Fletching Road E5. I wonder what the numbers are now. Anyone?
My poor sister is on a zero hour contract and shes working just to pay for her rent and bills and thats been like that for 2 years and theres nothhing glamorous about her life no more and her luxury life went out the window when she had to do it all alone
I left in 2019. I was nearly 30 back then. I rented out my forest gate house as a hmo for 5200£ after bills and live a great life in Bucharest where i am from originally. Also my son is 3 and a half now hehehe
i am so perplexed with these under 30s .. if you get accepted to a London Uni, but you cannot afford it, then choose another uni outside of London.. it's really not rocket science
Not going to the uni of your choice is not a solution. People should be able to live, work and gain an education in the capital city if they so choose. You're essentially saying that London Uni's should be for the children of the wealthy and elite.
@@JozefEtienne And that is exactly what they used to be and what they will become once again. Corporate feudalism will be the norm. Only the elites will be able to access quality 'humanized' services within the next 10-20 years.
i found this video now since i check the rent prices in my area rofl and my rent per month went up by 250£ from year to year when they already built more than 20 blocks with 10 levels in wembley park just wtfk is this market man ?? no logic at all and my apartment it s pretty old wtfk is this ... maybe next year they will go up to 2000 for 1 bed room nice GJ UK GJ LANDLORDS rofl by next year i leave London 100% fck this shit(plus council tax witch it s more than double if u compare to 2016 electricity and gas doubled in one year as well ) wtfk is this LOL . they really think that your salary doubles each year or what rofl?
And these are the effects of every Tom, Dick, and Harry buying properties to invest, which is compounded by the government's unwillingness to build more affordable housing. Both problems can be fixed with the right government, a government that is willing to legislate new policies to protect public living standards. The rich are getting richer and the poor poorer.
no, I wouldn't on principle. However, if landlords are taxed more by the government because some of them got wealthier over covid then perhaps I would have to to keep up with the buggered mortgage rates
Its not landlords asking for way too much. . Anyone got a calculator pls calculate what the interest of 5% of an average cost of home in london per month is . Landlords also have mortgages to pay and they are struggling very bad . Imagine paying £1600 interest per month on an average flat in london . So people are complaining that they cannot pay rent so landlords are supposed to pay for that too like a charity ?
@@caaaaats9890most landlords have a job and are trying to sell no one is leeching on to anyone . They are doing what the can to get by and renters are doing their best . It’s the economy that is struggling and so are everyone in it. It’s a misconception that landlords are same most of them only own 1-2 properties max and are in their 40-50s and struggling to keep upskilling to earn and banks are onto them . It’s not easy to be a landlord it’s easier to earn than being a landlord with todays economy and policies
No. People want affordable housing. If landlords weren't buying it all up and driving the prices up then of course, we wouldn't be in this scenario. This is all a product of not building enough social housing @user-si7fj5rh5u
I’ve been to London. A nice but too diverse place. There’s just something cute about an Asian woman or a biracial or black woman with a British accent. 🤣 A nice video.
immigrants? are you joking?? you REALLY think you're paying for immigrants, and that they are the cause of this mess?? I can tell you what you are paying for that actually is the problem: - You are STILL paying for the rich bankers who the government bailed out using your money via handouts back in 2008. - You are paying higher taxes because the rich (including many elected officials, huge corporations, the royal family etc) want to exploit loopholes and not pay their fair share of taxes. - You are STILL paying for the greed of the shareholders of all the assets that milk snatcher margaret thatcher privatised. - You are paying for the billions that the UK government can somehow afford to send to fund and support the Israeli, Saudi and Ukrainian armies. -You are paying for the millions Boris Johnson spent in useless PPE contracts for his rich friends during the covid pandemic. - You are paying for Liz Truss's tax cuts for the rich. - You are paying for Thatchcer's right to buy council house scheme. This is only the tip of the iceberg. So no, it's not because you're paying for immigrants. The government always uses this trick of pointing the blame at some group or the other, but never at themselves - and you fell for it. Embarrassing.
You’re wrong it is foreign investors buying up all the property or past council house renters buying their home and then selling it/renting it for 10x the original price
