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Rent/buy in London
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
Rent's up by as much as £245 a month in some boroughs.
Renters pay half their salary in rent, compared to a third in the rest of the country.
An average salary of £80k is needed to get a mortgage.
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We sold our old rental place in Biggin Hill (Kent) in late 2011, Three double bedrooms and were getting £1050 a month.
The new owner is now getting £1390 a month for it, without having spent a single penny on it since.....
Madness |
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By *r mrs pCouple
over a year ago
taunton |
"Rent's up by as much as £245 a month in some boroughs.
Renters pay half their salary in rent, compared to a third in the rest of the country.
An average salary of £80k is needed to get a mortgage.
"
One bedroom flat in fulham £1500 a month  |
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By (user no longer on site)
over a year ago
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I pay less rent for a flat in Hertfordshire than I paid as a lodger in London.
We would love to move back to London but would pretty much double our outgoings.
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By (user no longer on site)
over a year ago
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Will be plenty of empty places when the new rules kick in.
Not enough 1 bed places, so the 2 & 3 beds will be carved up, and the families shipped out of town. |
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By (user no longer on site)
over a year ago
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we're both londoners. we didn't choose gravesend it kinda chose us. we can afford to live here. we've got a two bed house garage and gardens for the same money or less than a one bed flat in Sidcup. I dread to think how much our first flat in norwood is now. it used to cost us thirteen quid a week |
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By (user no longer on site)
over a year ago
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Almost all MPs claim for a second home.
Even those that have to move to qualify.
Last person to go into the palace of Westminster with honest intent, was Guy Fawkes  |
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"we're both londoners. we didn't choose gravesend it kinda chose us. we can afford to live here. we've got a two bed house garage and gardens for the same money or less than a one bed flat in Sidcup. I dread to think how much our first flat in norwood is now. it used to cost us thirteen quid a week"
Our first flat in Orpington, cost us a massive £29,250 back in the day.....just looked it up on Zoopla, it went for £215,000 last September.
Funny thing is you only have to drive out as far as Dartford or Swanley and prices drop dramatically.
Transport?
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"Almost all MPs claim for a second home.
Even those that have to move to qualify.
Last person to go into the palace of Westminster with honest intent, was Guy Fawkes "
So if an MP is representing a seat in Newcastle (for example) and works in the House of Commons....should he not have to have a home in London?
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By (user no longer on site)
over a year ago
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"I pay less rent for a flat in Hertfordshire than I paid as a lodger in London.
We would love to move back to London but would pretty much double our outgoings.
I paid £350 for a studio flat in St Albans and that was inc bills etc and it was massive
"
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By (user no longer on site)
over a year ago
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"we're both londoners. we didn't choose gravesend it kinda chose us. we can afford to live here. we've got a two bed house garage and gardens for the same money or less than a one bed flat in Sidcup. I dread to think how much our first flat in norwood is now. it used to cost us thirteen quid a week"
Same here, we both lived with our parents in London when we met then rented a 1 bed flat in Rotherhithe, the flat had sat empty for 7 years and we signed a 6 month contract, when it came to renewing it the owner (who was a family friend) doubled the rent. We stood it for around 2 months and then moved out to Essex. We now own a lovely 3 bed house and pay around 600 a month |
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"The sooner this country stops being so "London-centric", the better it will be for ALL of us."
I agree and vote that we move all of the Bank Headquarters, International company offices, leading City Institutions and Stock Exchange to....
Bolton!
Then you can suffer property hyper inflation and all that comes with it. |
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The cost of affordable property is a real issue, London is a functioning city and as such needs all the associated jobs which make it work..
its not all 'the city & MP's'.
When folk are forced to travel for hours to start work as they cant afford to live within 50 to 60 mile, then put a shift in and then do the same journey home or crash on someones floor etc..
its a problem and does'nt look like being any better in the future.. |
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By (user no longer on site)
over a year ago
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"Can all move up North when the new train gets here.
£1 a house in Liverpool  "
I did see that when my son and his ex girlfriend were moving up there, we were in the estate agents and for the value of my house, I could buy 2 houses and a flat in Liverpool  |
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"If you were an MP, you would get that for free and a house in the city as well.
Wonder if they will get cut in the budget tomorrow "
So give us an alternative plan?
One that includes having representative government in a democracy, with those representatives from all over the UK having to attend a parliament...without being able to stay overnight near that parliament?....
It's all very well moaning about things, but the situation with our MP's is little different to that of any other democratic country.....so let us into your plan to change it? |
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By (user no longer on site)
over a year ago
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"The cost of affordable property is a real issue, London is a functioning city and as such needs all the associated jobs which make it work..
its not all 'the city & MP's'.
When folk are forced to travel for hours to start work as they cant afford to live within 50 to 60 mile, then put a shift in and then do the same journey home or crash on someones floor etc..
its a problem and does'nt look like being any better in the future.. "
Our alarm goes off at 04:30 and when Tra is on the later shift we get home around 20:00
It's no fun |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
It's not about it being London-centric, but it is about the market dysfunction here as there aren't enough properties. With transport costs at the level that they are you can't shift the whole service sector, minimum wage, workforce out and expect that jobs will continue to be carried out without getting the result of the migrant workforce who live in severely overcrowded situations or in sheds having those jobs.
I looked in the estate agents in Bolton and if I sold my modest flat I could buy a house and not worry about working for 6-10 years.
We need to reintroduce fair rents and rental caps on landlords. |
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By (user no longer on site)
over a year ago
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A studio flat on one of the better floors in the block where I used to live in Central London would cost around 250k to buy today.
The studio room of my flat measures 16ft x 12ft, the length included the depth of a bay window.
There is a separate bathroom and toilet, and there is a wardrobe opposite the bathroom.
The hotel rooms across the block are bigger than my flat.
However, I loved it, as it was very convenient for everything.
Shame that I had to let it go, as I needed to relocate down south due to lack of job opportunities for my line of work.
It will be very difficult of me to get back onto the property ladder in Central London now.
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By (user no longer on site)
over a year ago
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I'm sad as a 20something I live at home but when I did move to the east end I was shocked to see what my wages would get me. Fuck all. Work hard and for what a damp shit box room in a Trendy but high crime area. Sorry but as much as I no my friends are having there slice of independences I can't see me wages line someone else's pockets. Rant over.  |
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By (user no longer on site)
over a year ago
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"The sooner this country stops being so "London-centric", the better it will be for ALL of us.
I agree and vote that we move all of the Bank Headquarters, International company offices, leading City Institutions and Stock Exchange to....
Bolton!
Then you can suffer property hyper inflation and all that comes with it."
Just spread the businesses and wealth around. I never said I want Bolton to be the banking center of the country. We are the pie making center. |
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By (user no longer on site)
over a year ago
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With a new job looming Mr is looking at a 2 hour commute each way. We are seriously thinking about buying a flat in London for him and making it part of our pension pot. Things will be beyond tight thou. |
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By (user no longer on site)
over a year ago
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"Rent's up by as much as £245 a month in some boroughs.
Renters pay half their salary in rent, compared to a third in the rest of the country.
An average salary of £80k is needed to get a mortgage.
"
Sadly what you are saying looks like it will only get worse rather than better. If more companies migrated to other cities throughout England it would do more for the country on a whole and less for individual landlords. Governmental bodies and linked institutions like the BBC would be far better located to the likes of Birmingham, Leeds, Manchester Liverpool, Sheffield Bristol etc. It won't happen sadly but longer term it may be a potential solution to some of this. |
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"The sooner this country stops being so "London-centric", the better it will be for ALL of us.
I agree and vote that we move all of the Bank Headquarters, International company offices, leading City Institutions and Stock Exchange to....
Bolton!
Then you can suffer property hyper inflation and all that comes with it.
Just spread the businesses and wealth around. I never said I want Bolton to be the banking center of the country. We are the pie making center."
It's perfectly normal, and very common, for the Capital Cities of most Western Countries to be the centre of their banking/finance/business sector.
It's not for the government to insist that major international companies choose to have their European headquarters and offices in places like Bolton, Wrexham, Dudley....or Torquay.
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By (user no longer on site)
over a year ago
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Well after reading this thread im realising how fortunate we are to have a 3 bed bungalow for £400. I think its mad how much prople have to pay for a roof over your head specially when its one of lives absolute necessitys. |
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By (user no longer on site)
over a year ago
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"Well after reading this thread im realising how fortunate we are to have a 3 bed bungalow for £400. I think its mad how much prople have to pay for a roof over your head specially when its one of lives absolute necessitys."
Yeah p forgot to state that our place is £400 a month we are stupidly lucky as its huge. |
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By (user no longer on site)
over a year ago
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"
It's all very well moaning about things, but the situation with our MP's is little different to that of any other democratic country.....so let us into your plan to change it?"
Why not make them all stay in a travel lodge ???Maybe use the Olympic village.
Its only to sleep in after all.......
But that would mean the trough would be closed  |
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By (user no longer on site)
over a year ago
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"The sooner this country stops being so "London-centric", the better it will be for ALL of us.
I agree and vote that we move all of the Bank Headquarters, International company offices, leading City Institutions and Stock Exchange to....
Bolton!
Then you can suffer property hyper inflation and all that comes with it.
Just spread the businesses and wealth around. I never said I want Bolton to be the banking center of the country. We are the pie making center.
It's perfectly normal, and very common, for the Capital Cities of most Western Countries to be the centre of their banking/finance/business sector.
It's not for the government to insist that major international companies choose to have their European headquarters and offices in places like Bolton, Wrexham, Dudley....or Torquay.
"
Fine, concentrate banking and business HQ's in "that" London. But just invest in the rest of the country as well. |
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By (user no longer on site)
over a year ago
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"The sooner this country stops being so "London-centric", the better it will be for ALL of us.
I agree and vote that we move all of the Bank Headquarters, International company offices, leading City Institutions and Stock Exchange to....
Bolton!
Then you can suffer property hyper inflation and all that comes with it.
Just spread the businesses and wealth around. I never said I want Bolton to be the banking center of the country. We are the pie making center.
It's perfectly normal, and very common, for the Capital Cities of most Western Countries to be the centre of their banking/finance/business sector.
It's not for the government to insist that major international companies choose to have their European headquarters and offices in places like Bolton, Wrexham, Dudley....or Torquay.
Fine, concentrate banking and business HQ's in "that" London. But just invest in the rest of the country as well."
and the rest of London come to that..Most of it outside the shiny bits and the leafy bits is a shithole |
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By (user no longer on site)
over a year ago
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My kid sister worked in the stock exchange throughout the 80/90s.
Bought a nice 2 bed flat round near St Pauls in 81.
Sold it a couple of years ago 2007.
Retired at 40 years old to Australia on the profit from the flat.
Always some idiot willing to pay stupid £s for a flat with the right post code. |
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So are you saying that there is no regional investment, or that London is receiving government investment at the expense of other parts of the country?
Most large projects in London, Olympics apart, are as a result of private investment.
Is HS2 not investing in other regions of the country for example? |
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By (user no longer on site)
over a year ago
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"
Is HS2 not investing in other regions of the country for example?"
Well if 1100 people an hour are traveling to London all day long, then NO.
We havent built a bloody carpark yet never mind a train station  |
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"
Is HS2 not investing in other regions of the country for example?
Well if 1100 people an hour are traveling to London all day long, then NO.
We havent built a bloody carpark yet never mind a train station "
So all the trains are travelling in one direction only?....have you not considered that it is exactly something like HS2 that will lead to regeneration in other towns and cities North of London?
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"My kid sister worked in the stock exchange throughout the 80/90s.
Bought a nice 2 bed flat round near St Pauls in 81.
Sold it a couple of years ago 2007.
Retired at 40 years old to Australia on the profit from the flat.
Always some idiot willing to pay stupid £s for a flat with the right post code. "
No different in all major European cities though, you should see some of the property prices in central Milan, Madrid, Paris....
You will always have people with plenty of money willing to pay over the odds for certain postcodes....in many parts of the UK |
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By (user no longer on site)
over a year ago
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"
So all the trains are travelling in one direction only?....have you not considered that it is exactly something like HS2 that will lead to regeneration in other towns and cities North of London?
"
You honestly think 1100 people an hour are all going to leave London ????
The bloody thing wont reach the North till almost the whole of this site have retired.
Smoke and mirrors worked perfectly on you then |
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By (user no longer on site)
over a year ago
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"
You will always have people with plenty of money willing to pay over the odds for certain postcodes....in many parts of the UK"
I agree 100% so no one can complain about the price then
If you wish to live in "THE CAPITAL" it costs a few extra pence on your mortgage. |
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By *nnyMan
over a year ago
Glasgow |
"The sooner this country stops being so "London-centric", the better it will be for ALL of us.
I agree and vote that we move all of the Bank Headquarters, International company offices, leading City Institutions and Stock Exchange to....
Bolton!
Then you can suffer property hyper inflation and all that comes with it.
Just spread the businesses and wealth around. I never said I want Bolton to be the banking center of the country. We are the pie making center.
It's perfectly normal, and very common, for the Capital Cities of most Western Countries to be the centre of their banking/finance/business sector.
It's not for the government to insist that major international companies choose to have their European headquarters and offices in places like Bolton, Wrexham, Dudley....or Torquay.
Fine, concentrate banking and business HQ's in "that" London. But just invest in the rest of the country as well."
We certainly can't dictate where private companies have their headquarters but it might be time to restart the policy of dispersing civil service/ MOD etc jobs to areas outwith London. Proper jobs this time, not just administration grades. |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"
Fine, concentrate banking and business HQ's in "that" London. But just invest in the rest of the country as well.
We certainly can't dictate where private companies have their headquarters but it might be time to restart the policy of dispersing civil service/ MOD etc jobs to areas outwith London. Proper jobs this time, not just administration grades."
What civil service jobs? You can't shrink the state and create civil service jobs at the same time.
Relocation is what Prescott and Heseltine both tried to do to some extent. The growth in the north was fuelled by people having those jobs.
Heseltine getting the enterprise fund through the Budget will, I hope, see some economic stimulation across the country, if the LEPs know what they are doing. |
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By *nnyMan
over a year ago
Glasgow |
"
Fine, concentrate banking and business HQ's in "that" London. But just invest in the rest of the country as well.
We certainly can't dictate where private companies have their headquarters but it might be time to restart the policy of dispersing civil service/ MOD etc jobs to areas outwith London. Proper jobs this time, not just administration grades.
What civil service jobs? You can't shrink the state and create civil service jobs at the same time.
............."
Not new jobs. Relocate more of the existing ones to the regions. It'd stop all the moaning about house prices, season tickets and so on + it'd help boost the regional economies. |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"
Fine, concentrate banking and business HQ's in "that" London. But just invest in the rest of the country as well.
We certainly can't dictate where private companies have their headquarters but it might be time to restart the policy of dispersing civil service/ MOD etc jobs to areas outwith London. Proper jobs this time, not just administration grades.
What civil service jobs? You can't shrink the state and create civil service jobs at the same time.
.............
Not new jobs. Relocate more of the existing ones to the regions. It'd stop all the moaning about house prices, season tickets and so on + it'd help boost the regional economies."
Only if you can locate whole families. I'm not a civil servant and I live on my own but I can't really leave London. Well, I could but it would mean leaving my family, not being on hand for the care we have to give our parents and leaving all of it to my sister.
Moving the existing roles is one thing as they become vacant but that isn't a cost effective way of doing things. |
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It doesn't matter how many civil servant jobs you move out of the capital, and lets face it...lets not pretend that all of our civil servants work in London, far from it, in fact you could move ALL civil servants out to the regions and it wouldn't affect London property prices one iota....
Private companies are by far the biggest London employers....and why would they need to relocate?...why would they want to? |
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