Another tiny studio going for £780 a month

lukeh23

http://www.rightmove.co.uk/property-to-rent/property-31053519.html

You have to use the fridge to climb onto the bed:
http://www.businessinsider.com/small-london-studio-flat-2014-7

PasturesNew

Surely it breaks some discrimination laws... ageism as older people couldn't get up there ... and the disabled as they can't get up to the bed either.

Can you imagine the face of the Stannah Chairlift sales person if you called them round for a quote

Generali

PasturesNew wrote: »

Surely it breaks some discrimination laws... ageism as older people couldn't get up there ... and the disabled as they can't get up to the bed either.

Can you imagine the face of the Stannah Chairlift sales person if you called them round for a quote

You'd have to get the Stannah Fridgelift people round at the same time.

SailorSam

I know we get told there's plenty more well paid jobs down in in London compared to up here, but are you really going to have a better life if you're paying almost £200pw for a cupboard to live in.

PasturesNew

SailorSam wrote: »

I know we get told there's plenty more well paid jobs down in in London compared to up here, but are you really going to have a better life if you're paying almost £200pw for a cupboard to live in.

It also ignores the cost of moving there.... the getting there and setting up costs before you've banked your first pay cheque. Even in a shared house that's organised over the Internet, it's a heck of a vast sum to stump up ahead of being paid.

IveSeenTheLight

PasturesNew wrote: »

It also ignores the cost of moving there.... the getting there and setting up costs before you've banked your first pay cheque. Even in a shared house that's organised over the Internet, it's a heck of a vast sum to stump up ahead of being paid.

Just to be pedantic, how much cost will there be to move into a cupboard?

It#s not like there is a vast space to move all your furniture into

PasturesNew

IveSeenTheLight wrote: »

Just to be pedantic, how much cost will there be to move into a cupboard?

It#s not like there is a vast space to move all your furniture into

I meant stuff like credit checks/agents' fees, deposit, first month's rent up front. That stuff can be several £000s alone! So even if you had a job and could walk to it .... and if you took 30 packets of 15p noodles with you to eat for the first month ..... it'd not be easy for many - and completely unachievable for loads.

Even a room in a shared house, deposit, plus initial train fare to arrive .... could see £1000-1500 disappear into thin air.

It's almost impossible to get £1-1.5k out of thin air on a whim just because there's a job advertised in London.

bugslet

Out with a friend over the weekend, live in the North west, commutes to London Monday, back Friday/Saturday and rents a room at £760.00 p.m.

Her job pays double ( and she was on above average to start with) what she can get around here, so even with that cost and train tickets, she's still ahead. Personally I'd settle for less money, but each to their own.

IveSeenTheLight

Let me take this in stages

PasturesNew wrote: »

I meant stuff like credit checks/agents' fees,

Credit checks are very cheap.
Tenant Verify start their basic Credit Check with Risk report from £15.88, although you can go up to circa £47.50 for an International check or a fast response check of £45ish
http://www.tenantverify.co.uk/

PasturesNew wrote: »

deposit

A deposit is always required.
I've found this is quickly transferred between properties in the past, however the safeguarding through a deposit scheme could take up to 3 months to get returned.

PasturesNew wrote: »

first month's rent up front.

Rent is always required in advance. the 2nd, third, 4th etc rents are in advance as well????????

PasturesNew wrote: »

That stuff can be several £000s alone!

I do not argue with this (although on average I doubt it's "several" 000's), but this has been the requirement for as long as I can remember, no point in moaning about it.

PasturesNew wrote: »

So even if you had a job and could walk to it .... and if you took 30 packets of 15p noodles with you to eat for the first month ..... it'd not be easy for many - and completely unachievable for loads.

this is the marketplace and unfortunately with the supply and demand as it is, there will always be people willing to pay the going rate, however there are options......

PasturesNew wrote: »

Even a room in a shared house, deposit, plus initial train fare to arrive .... could see £1000-1500 disappear into thin air.

Ah, here you get into the options.
I saw a program linking up migrants with non migrants.
There was a girl from France, who worked as a waitress and shared with 19 others (I think). She shared her room with another (practically a cupboard) but the rest of the house (lounge, kitchen, bathroom etc) they shared.
If they can do low cost living to get by, why can't others to get to their long term goals.
Why do people expect everything on day 1.

PasturesNew wrote: »

It's almost impossible to get £1-1.5k out of thin air on a whim just because there's a job advertised in London.

I'd argue it's pretty hard to get £1-1.5k immediately anywhere, however if that's your goal to make it in the bright lights then you need to formulate a plan to get there.

Incidently, as above, others manage to do it for much less and you could see that as a short term sacrifice if you really want to progress.

Either that or you give up without trying.

alberty

IveSeenTheLight wrote: »

There was a girl from France, who worked as a waitress and shared with 19 others (I think). She shared her room with another (practically a cupboard) but the rest of the house (lounge, kitchen, bathroom etc) they shared.
If they can do low cost living to get by, why can't others to get to their long term goals.
Why do people expect everything on day 1.

Those people are bringing back Victorian or worse living conditions to young people in this country by consuming the housing supply. Sure, if they worked hard enough to become bankers then some of them might escape that fate, but I'm sure young people would rather live in olden times when a simple honest baker or delivery driver could own a semi detached in Willesden.

Pobby

alberty wrote: »

Those people are bringing back Victorian or worse living conditions to young people in this country by consuming the housing supply. Sure, if they worked hard enough to become bankers then some of them might escape that fate, but I'm sure young people would rather live in olden times when a simple honest baker or delivery driver could own a semi detached in Willesden.

Wish I could have done multiple thanks. Looking into the future, I can see this all ending in tears. How can this state of affairs continue?

It makes me very uncomfortable for many reasons. Is this a ponzi? Well no as long as interest rates stay at a level that was unheard of for centuries. All be it, these interest rates, in part, were born from crazy increases in house prices.When will a huge building of housing take place? I guess the builders woulsd only be persuaded if they were affordable, fair play.

What about housing benefit? The higher housing the more the treasury has to pay out. Pretty obvious.

Said before that I have family in the South East with no chance of owning.

Not what I would have liked have seen.

There is a much wider economy than house price inflation.