sounds like what I’m being conditioned to accept soon – apparently my landlord’s families costs are ridiculous, especially since a re-mortgage so their daughter could do things she wanted to do.
Can, none of them see the collapse coming? If the workers can’t afford to live in the city, how long before they can’t afford to travel in either?
Then businesses start to struggle because they can’t find employees, and close, and it becomes a refuge for the rich, who stop spending time there because there’s no-one to provide for them…
That’s the future I see anyway. I could be very wrong, just my pessimism taking root..
Already happened to me.
Moved outside London to commute in. Luckily my rail fare is subsidised otherwise it wouldn’t even have helped.
They keep pushing everything up but wages and people will just give up.
A couple of relatively straightforward fixes they could do –
Rent controls/limits on increases tied to inflation and or average wages of the area.
Licensing/certification for landlords and estate agents
Rent tribunals and recourse for Tennant’s to actually hold landlords accountable.
I feel these things if only loosely introduced and enforced would drive out a LOT of the people who seem to be involved purely for profiteering of the needy and or a route to ‘easy money’.
Whether there’s the will to do this is another matter….
Just how long can this continue is the question. There has to be a tipping point where area’s that price workers out of housing just can no longer work. Just when is that though? Honestly I struggle to see how it’s not already happened. Maybe it has in some area’s but just not London yet.
Quite why we’ve allowed so much money and population to concentrate in one area seems like a bit of a misstep to me. If other cities outside of London where in a position to offer similar kinds of jobs at comparable wages to London, perhaps this would help keep a bit of a lid on rent prices.
Got priced out of London last year, now i live an hour train ride for central, though commuting to work now feels like a pointless endeavour anyway when a return ticket is £30 and they’re always striking. Feels like a coin-flip recently if i’ll even be able to get where i want to. Fucking Tories ruining this country.
Everything is going according to plan, that is, for our tyrannical affluent oppressors.
*Rent is too damn high…* More like, it’s somewhere up in bloody space. Cue the next price gouge…
Oh. Only just worked this out have they? Fucking Nostradamus must have been promoted to editor of The Times.
The only trickle down is the guy at the top pissing on everyone else.
Don’t worry. The crash is just around the corner, all those renting will be able to buy a 3 bed detached period property on a £25k salary… That’s good, right?
People do that all the time all over the world. How else are you supposed to get rid of inferior undesirables.
Landlords are no better than common thieves. It should be made illegal to own more than one home. It’s a housing CRISIS. In what other crisis do the government do absolutely nothing other than add fuel to the problem. It’s a joke.
Labour, Lib, and Tory councils block new housing…
Is what it is… Brits deserve this suffering I guess
This is happening in big cities all over the world. Vancouver BC is seeing the same issue with workers shortages due to high rents.
UK could try the American solution, to put tents in public parks so workers can live temporarily (while being charged for water and food)
Is it to get the BBC Chairman to put them in touch with Boris Johnson’s rich distant cousin?…
Workers are priced out of most places in the UK. Even the cheapest places in the UK are unaffordable for the average person.
People are talking about a crash but one of my friends is looking for a place to rent, two per apartment in zone 3 – they are going for £2500 per calendar month
The crazy thing is they have struggled to find anything since December because the demand is insane, yesterday there were 17 bids for a place and it went for £300 a month more than asking
The demand is still insane, people really want to live in london and people can afford it
New HMO regulations by London boroughs are making the situation much worse. You now have huge swathes of properties which cannot be let to sharers because the councils/government have decided that 3 adults sharing a 3 bedroom house should be illegal/require planning permission.
Most London boroughs are implementing additional licensing schemes.
In a tight market such as London this is an outrageous decision.
London wont have any workers left sooon if this keep happing and shops and company’s will go bust as lack of staff. I love how blind people can be high up only because they see everything in £££££.
> The average rent in the capital has risen by 16.1 per cent over the past year to £2,343 per month
Is take-home pay really really high in London?
I left the UK after Uni so I don’t really have any idea what the pay is like, but that seems an insane amount to pay in rent?
The London issue isn’t only rent though when you have the mayor forcing through and expanding ulez as well, the issue has been hidden due to low interest rates and inflation
24 comments
Bypass paywall link:
https://archive.is/LbPRY
sounds like what I’m being conditioned to accept soon – apparently my landlord’s families costs are ridiculous, especially since a re-mortgage so their daughter could do things she wanted to do.
Can, none of them see the collapse coming? If the workers can’t afford to live in the city, how long before they can’t afford to travel in either?
Then businesses start to struggle because they can’t find employees, and close, and it becomes a refuge for the rich, who stop spending time there because there’s no-one to provide for them…
That’s the future I see anyway. I could be very wrong, just my pessimism taking root..
Already happened to me.
Moved outside London to commute in. Luckily my rail fare is subsidised otherwise it wouldn’t even have helped.
They keep pushing everything up but wages and people will just give up.
A couple of relatively straightforward fixes they could do –
Rent controls/limits on increases tied to inflation and or average wages of the area.
Licensing/certification for landlords and estate agents
Rent tribunals and recourse for Tennant’s to actually hold landlords accountable.
I feel these things if only loosely introduced and enforced would drive out a LOT of the people who seem to be involved purely for profiteering of the needy and or a route to ‘easy money’.
Whether there’s the will to do this is another matter….
Just how long can this continue is the question. There has to be a tipping point where area’s that price workers out of housing just can no longer work. Just when is that though? Honestly I struggle to see how it’s not already happened. Maybe it has in some area’s but just not London yet.
Quite why we’ve allowed so much money and population to concentrate in one area seems like a bit of a misstep to me. If other cities outside of London where in a position to offer similar kinds of jobs at comparable wages to London, perhaps this would help keep a bit of a lid on rent prices.
Got priced out of London last year, now i live an hour train ride for central, though commuting to work now feels like a pointless endeavour anyway when a return ticket is £30 and they’re always striking. Feels like a coin-flip recently if i’ll even be able to get where i want to. Fucking Tories ruining this country.
Everything is going according to plan, that is, for our tyrannical affluent oppressors.
*Rent is too damn high…* More like, it’s somewhere up in bloody space. Cue the next price gouge…
Oh. Only just worked this out have they? Fucking Nostradamus must have been promoted to editor of The Times.
The only trickle down is the guy at the top pissing on everyone else.
Don’t worry. The crash is just around the corner, all those renting will be able to buy a 3 bed detached period property on a £25k salary… That’s good, right?
People do that all the time all over the world. How else are you supposed to get rid of inferior undesirables.
Landlords are no better than common thieves. It should be made illegal to own more than one home. It’s a housing CRISIS. In what other crisis do the government do absolutely nothing other than add fuel to the problem. It’s a joke.
Labour, Lib, and Tory councils block new housing…
Is what it is… Brits deserve this suffering I guess
This is happening in big cities all over the world. Vancouver BC is seeing the same issue with workers shortages due to high rents.
UK could try the American solution, to put tents in public parks so workers can live temporarily (while being charged for water and food)
Is it to get the BBC Chairman to put them in touch with Boris Johnson’s rich distant cousin?…
Workers are priced out of most places in the UK. Even the cheapest places in the UK are unaffordable for the average person.
People are talking about a crash but one of my friends is looking for a place to rent, two per apartment in zone 3 – they are going for £2500 per calendar month
The crazy thing is they have struggled to find anything since December because the demand is insane, yesterday there were 17 bids for a place and it went for £300 a month more than asking
The demand is still insane, people really want to live in london and people can afford it
New HMO regulations by London boroughs are making the situation much worse. You now have huge swathes of properties which cannot be let to sharers because the councils/government have decided that 3 adults sharing a 3 bedroom house should be illegal/require planning permission.
Most London boroughs are implementing additional licensing schemes.
In a tight market such as London this is an outrageous decision.
London wont have any workers left sooon if this keep happing and shops and company’s will go bust as lack of staff. I love how blind people can be high up only because they see everything in £££££.
> The average rent in the capital has risen by 16.1 per cent over the past year to £2,343 per month
Is take-home pay really really high in London?
I left the UK after Uni so I don’t really have any idea what the pay is like, but that seems an insane amount to pay in rent?
The London issue isn’t only rent though when you have the mayor forcing through and expanding ulez as well, the issue has been hidden due to low interest rates and inflation