millennials-can-you-afford-rental-prices-in-london

cells

http://www.theguardian.com/uk-news/2016/apr/07/millennials-can-you-afford-rental-prices-in-london

I worry that I will never be able to afford stable, secure housing as a single person on a low income who works in London

Seems they need more propaganda fodder.

Woman who earns £10-£15k a year finds it impossible to rent in London by herself. Lets forget that she would find it impossible to rent in Birmingham or any of the other cheap areas of England or even a council flat in London by herself too and that the low income is the problem

Even a council flat at £500 per month (plus £250 a month in bills) would be unaffordable for a single person on a low income.

If you are on a low income the solution is to get a job on a higher income, to get a partner, to share, or to seek government handouts or all of the above. Or maybe move to stoke.

why do newspapers have to be so stupid

Generali

The great thing, as I found, about being a low paid young person in London is that there are loads of opportunities to become a moderately paid young person in London and eventually become a well paid youngish person in London.

It would be interesting to know a little more about Catherine: what career path she has chosen for example and what opportunities London offers her in that career. TBH if I was a teacher or similar then once I was looking to settle down I'd avoid London like the plague. As an Investment Banker, opportunities in Stoke were limited to say the least.

CLAPTON

cells wrote: »

http://www.theguardian.com/uk-news/2016/apr/07/millennials-can-you-afford-rental-prices-in-london




Seems they need more propaganda fodder.

Woman who earns £10-£15k a year finds it impossible to rent in London by herself. Lets forget that she would find it impossible to rent in Birmingham or any of the other cheap areas of England or even a council flat in London by herself too and that the low income is the problem

Even a council flat at £500 per month (plus £250 a month in bills) would be unaffordable for a single person on a low income.

If you are on a low income the solution is to get a job on a higher income, to get a partner, to share, or to seek government handouts or all of the above. Or maybe move to stoke.

why do newspapers have to be so stupid

yes it detracts from the real story that young couples in work in London and SE, can no long access family sized homes in many areas of London that had been available to similar people 20-30 years ago.

This means their standard of living is declining due to the population increase much of which is caused by immigration.
They do of course have access to far more coffee bars and restaurants than previously.

michaels

I always love the 'this is unaffordable' stories as they show a complete failure to understand markets / supply&demand or whatever.

Which brings us on to if it is 'impossible' to live on the wages being offered by employers, how come they get any staff to work for them?

Thrugelmir

michaels wrote: »

how come they get any staff to work for them?

As always people will adjust even if it means that rules get broken and are subjected to poor living conditions.

Needs must as the say.

Mistermeaner

Catherine is amazing as she is doing the impossible. Or is she already dead? Im confused

cells

CLAPTON wrote: »

yes it detracts from the real story that young couples in work in London and SE, can no long access family sized homes in many areas of London that had been available to similar people 20-30 years ago.

This means their standard of living is declining due to the population increase much of which is caused by immigration.

London now has access to very well paid jobs. 25 year old I know just got a job near liverpool street wage £150k plus bonus and likely to go up. 30 year old I know on about £400k + about the same again in bonus

20 years ago that sort of thing was far less common for the 20s age group.

If you want to turn the clock back you also need to turn the clock back on all the positives. London went from being poor to being rich. From about 20% of UK GDP to 30%

Had economic growth not happened to the extent it did in London then people wouldn't have come in such large numbers and wages would be a lot lower and homes might be cheap. Without rich London paying huge taxes maybe overall tax rates would be higher now too making us all poorer and further limiting the desire of migrants

but anyway every thread doesnt need to be about your pet topic so give it a rest for a day or two try to resist

cells

michaels wrote: »

I always love the 'this is unaffordable' stories as they show a complete failure to understand markets / supply&demand or whatever.

Which brings us on to if it is 'impossible' to live on the wages being offered by employers, how come they get any staff to work for them?

people will accept low conditions and wages as they know no better or have a aversion to change

plenty of people work for free let alone low wages. Think of all the paralegals being paid nowt or close to nowt for the hope of getting a training contract by the time they are 30 so they can earn what is a lot less than the median full time average London wage. They then complain life is difficult and things are !!!! and I agree but who is to blame if anyone? I recall one who is now qualified saying that embarrassingly he had no choice but to sign on even though he was working full time but being paid nothing. And its not just paralegals think school teaching assistants on 20 hours at 8 quid an hour or dinner ladies at 8 quid an hour 10 hours a week or a lot of jobs that are low pay silly pay or no pay.

something needs to be done to stop this or for the workers to wake up and move on but I dont know what or how you would go about telling a paralegal to say f.off to their employer paying them nothing but hope. or to the dinner lady to quit that 'job' and seek a full time 40h a week role or to the architects working in the city at £20k a year to say to their employers !!!!!! you paying me half the london average wage?

westv

What on earth is a millennial supposed to be?

Generali

westv wrote: »

What on earth is a millennial supposed to be?

Someone born in 1986 according to the article.

westernpromise

I spent my 20s and 30s doing drudge jobs learning my trade, and as a result I'm now on a package I consider pretty good.

My sister in law spent the same time in her life hobnobbing around media sucking up to TV celebrities and having a great time. Now that she's no longer a young and bonkable bit of backstage totty, however, she earns less than she did then.

She votes nowadays for more taxes on people like me, because I'm rich and it's not fair. Of course she could have made the same choices and accomplished the same outcome as me, but having enjoyed the lifestyle and the sexism and the being letched at, she's forgotten all that, and can now only see my money and her lack of it.

She's a bit like those people who borrow money for cars over 10 years. 10 years later there've been four new cars and four new loans, the cars are all long gone and forgotten but the debts are still there. And that's all the wicked banks' fault, and the debt should be written off. Poor poor her, greedy bank savers, grrr!

It's the ant and the grasshopper. As a kid I never felt sorry for people who panicked in exams and bombed out of them. They knew all year this exam was coming and they had the same chances as I did to prepare. If you messed around and had a load of fun instead, it had better be really good fun, because it was 100% your decison and choice to feel stupid later in the exam hall. So I hope it was worth it.

People on rubbish money are often doing something with a compensating advantage that they are later anxious to forget. As a 20-year-old ski rep I got crazy, crazy amounts of willing female company, but I was paid £170 a month. Checking bills of lading as a 30-something I got neither money nor women, but it has paid off now. You wear your choices.