The Reality of Renting in Britain today....

Bargain_Rzl

michaelvintner wrote: »

My brother lives in Brockley (on the London Overground) and rents a one bedroom flat for £550 a month (that is mates rate though) the flat is a bit dated and could do with a bit of modernising but even on the open market it would go for around £650 a month.

There is noway on earth I would ever pay £700 a month to rent one tiny room in a shoebox with 3 other people in central London when for the same price I could rent much better further out and just get up 30 minutes earlier.

I have several friends who live in Brockley in self-contained accommodation, either renting or owning - paying similar amounts to those you quote, and now the "London Overground" is actually a formal entity in its own right, with decent interchanges with the tube (easiest way is via Canada Water on the Jubilee Line) it's one of the best value places I know of in London.

And... SHOCK... it's in Zone 2...

HAMISH_MCTAVISH

mcc100 wrote: »

I'm shocked.

By the amount of time spent on this forum trying to ramp up house prices,

Nope.

I just like arguing.

I assumed that you must be in the same situation as GHOULS R US ........ owning a large number of BTL properties and being in a desperate position in a falling market.

I have no mortgage on one property, now less than 1.5 times joint income on another, and being overpaid rapidly thanks to Merv's low rates. I've never mewed, I have savings and a decent pension, and I have no other debt.

My local market has just reached a new peak, and even at the trough in early 2009 prices remained at early 2007 levels.

Most bulls are not desperate at all, we're the ones with the money and houses remember.....;) We just don't like doomers.

buglawton

"Most bulls are not desperate at all".
Do you know most bulls?

olly300

Jowo wrote: »

Love the one who rues how easy it seems for fictional characters in an American television programme

"The characters sharing a flat in Friends all managed to live in a massive, central property while not earning very much. That was never a very likely scenario, but in London today it's definitely the landlords who are getting the last laugh," she says."

Funny how even British youth can't work out that Friends is not real life.

There is an issue with economic immigrants from developing countries who believe Britain is the land of milk and honey, but at least you expect our own youth to be more realistic.

Out,_Vile_Jelly

olly300 wrote: »

Funny how even British youth can't work out that Friends is not real life.

There is an issue with economic immigrants from developing countries who believe Britain is the land of milk and honey, but at least you expect our own youth to be more realistic.

Never got into Friends myself, but don't they live in a "rent controlled" flat through relatives? Not sure if this is specific to New York state, or prevalent across the US.

PasturesNew

Out,_Vile_Jelly wrote: »

Never got into Friends myself, but don't they live in a "rent controlled" flat through relatives? Not sure if this is specific to New York state, or prevalent across the US.

That would make sense. When you rent in NY, your rent increases are set at the start.... and after about 10 years your rent is about half what new renters' rents are. So you're sitting pretty -AND- you can sub-let without any problems whatsoever, it's all allowed and legal.

Wakey2008

See can live in zone 2 cheaply. There's a little sh*thole called Hackney where the house shares are cheap as chips.

geneer

HAMISH_MCTAVISH wrote: »

Nope.
I just like arguing.

Come now Hamish. For someone who "just likes arguing",
you sure do vanish from threads quick enough when inconvenient facts are tabled for your consideration.