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

kabayiri

lisyloo wrote: »

1) Share (personally I wouldn't want to do this, but the harsh answer is go somewhere else)
2) Live somewhere further out and/or not so nice. Plenty of Sh*tholes in London.
3) Many who work there are already in the market.
4) Some have well paid partners. It's not unusal for one person to be the breadwinner and the other to have a lower income often due to years out the market due to child care.

So whilst there are people prepared to share, commute, have a better off partner or already in the market then we won't run out of low paid workers in London.

Of course that's tough on people who don't fit into those categories, but that's life.

You forgot option 5).

5) Rent a garage which has been converted into a "dwelling" (I can't find a way to glamourise it any more than dwelling).

There was one on tv the other day in London (ish).

Price = £750 per month.

Legality = zero.

Security of tenure = zero too (* see legality for official acceptability).

CLAPTON

Generali wrote: »

This is the thing that clapton misses: the history of London is a history of people coming from elsewhere to seek a better life. The current imgration is just a continuation of what has been happening since the Restoration.

history teaches us valuable lessons but does not necessarily repeat itself exactly.
History also shows the decline and fall of cities that once had a 'proven' history of expansion.
My argument is that unlimited expansion does not make the natives richer although it may make the immigrants richer.

Your logic seem to imply you would support unlimited and totally unrestricted immigration even if it made you and your family much poorer, on the basis that the migrants will have a better life.

With that socialist take on life one might speculate that the vast majority of people could achieve a better life if the we agreed to voluntarily divide the worlds production on an equal per capita basis.
This would save the bother of all this wasteful movement of people.

CLAPTON

cells wrote: »

So a place like Middlesbrough which has been falling in population you would expect the shop workers and nurses to be paid better than their equivlants in London?

How's that working out for Middlesbrough?

only an idiot would make that deduction

Cakeguts

One of the problems is that some people only see the number of £s they get in salary. What they don't see is the cost of living in London. I often have to explain to people who have never lived outside the South East how the sometimes lower salaries and much lower housing costs lead to more disposable income in some nice areas in the North. However to move from London to somewhere at least 200 miles further north tends to seem like a drop in salary and lifestyle but often it isn't. Often it is the other way round. There isn't a housing shortage in most of the rest of the country.

westernpromise

Cakeguts wrote: »

There isn't a housing shortage in most of the rest of the country.

There isn't a shortage anywhere. Housing stock has gone up more than population over the last 30-odd years.

There's a shortage of properties for sale but that's not the same thing.

There wasn't a shortage in Spain or Ireland and building still more didn't stop their bubble developing.