The London rental market has gone insane recently.
Abolish private landlords. If you don’t live in the building you shouldn’t own it.
Mine went up by £100 and apparently that was the landlord doing us a favour as it should have been far more.
> The average advertised rent outside London is 10.8% higher than a year ago
> In London […] the average asking rent hit a record £2,193 a month – up 14.3%, or £274, on a year ago
> Swansea in south Wales topping the table with a 19.7% annual rise in typical asking rents. Manchester was close behind, with a 19.3% increase, the average monthly rent up from £894 to £1,067 in a year. Liverpool was another hotspot, with a 17.1% annual rise. Others included Margate in Kent (18.8%), Grantham in Lincolnshire (14.6%) and Cardiff (14.5%).
We are adding huge ~~takes~~ taxes to rent. When you add a huge tax to something, the price tends to go up. Insights like this are why I will soon be getting a (non) Nobel prize in economics. You may applaud now.
10% for me, an actual life changing amount of money (as in, I would spend most of that on basic things like meat, eating out, normal clothes or tools and courses that increase opportunities for social mobility). Honestly, feels like a joke to work and just lose that money to someone who’s not actually doing any work to earn it. Not to mention, paying through the fucking nose but any issues still take an eternity to be sorted out.
6 comments
The London rental market has gone insane recently.
Abolish private landlords. If you don’t live in the building you shouldn’t own it.
Mine went up by £100 and apparently that was the landlord doing us a favour as it should have been far more.
> The average advertised rent outside London is 10.8% higher than a year ago
> In London […] the average asking rent hit a record £2,193 a month – up 14.3%, or £274, on a year ago
> Swansea in south Wales topping the table with a 19.7% annual rise in typical asking rents. Manchester was close behind, with a 19.3% increase, the average monthly rent up from £894 to £1,067 in a year. Liverpool was another hotspot, with a 17.1% annual rise. Others included Margate in Kent (18.8%), Grantham in Lincolnshire (14.6%) and Cardiff (14.5%).
We are adding huge ~~takes~~ taxes to rent. When you add a huge tax to something, the price tends to go up. Insights like this are why I will soon be getting a (non) Nobel prize in economics. You may applaud now.
10% for me, an actual life changing amount of money (as in, I would spend most of that on basic things like meat, eating out, normal clothes or tools and courses that increase opportunities for social mobility). Honestly, feels like a joke to work and just lose that money to someone who’s not actually doing any work to earn it. Not to mention, paying through the fucking nose but any issues still take an eternity to be sorted out.