It’s a great deal, but it only shows you how bad things have become. I’m on £1000/month double room in Brixton now, with bills but still.
EDIT: From the article:
> The property went for £150 above its original asking price
Oh yeah, of course. ^/s. But actually surprised it’s _only_ £150; with that many takers you’d have expected more of a bidding war.
What would be the normal going rate these days for a house like this?
Madness! I live in a 2 bed semi probably a bit bigger than this and I pay £430 a month on the mortgage.
I’m surprised the rest of the country isn’t getting waves of refugees from London.
Isn’t this a mispricing? It is a common cultural thing on the UK now where prospective renters submit their rent bids?
£1200 a month for what’s essentially a £100k council house in 90% of the UK and would be given to someone on benefits. Why are people intent on just surviving in London?
[deleted]
It doesn’t surprise me. And when you think of the price in London, it really isn’t that expensive. I’ve never lived in London but shall never forget that when I was there in the late 80’s it was more than 100k for a studio in Westminster, and 235k for a semi in Greenwich. My father bought our terrace house in 1983 for 18.5k.
I feel bad for laughing as someone who lives a bit north of here in a 2 bedroom house and the mortgage is £280 a month. London prices are ridiculous and even if I had family/friends/connections to there I would still move to where I am now just to be able to afford everything
This is my mortgage payment (+/-£50) for a four bedroom detached house on a 95% mortgage. London is absolutely mental.
[deleted]
This is cheap, I was paying more for a 1 bedroom flat in southeast.
All this shows is the gatekeeper agents gazumping tactics.
Whats even the point in having that many viewings? I’ve had experience with arranging viewings and I rent myself and the amount of viewings is normally kept to like 10 maximum, not 100+.
Last people I helped they got lots of applications in the first 2 days, then took down the listing, arranged viewings with 5 of them, and then chose from 1. Even that took long because they felt too bad about who they’d have to reject so they couldn’t decide. Adding literally another 95 viewings doesn’t help. Good tennants aren’t that bad and you can’t tell much from a viewing anyway.
What about the people living there currently? Why should they have to deal with these viewings.
[deleted]
Obviously the London rental market has become ridiculous over the last few years for various reasons and something needs to be done.
But also a lot of people here are not understanding that many of us don’t want to live a provincial lifestyle in some random town.
Honestly would rather stay in London and share with some mates than buy an ex council house and have the option of the same 3 pubs or that curry place on the high street. Kill me.
Almost everyone I know lives in zone 1/2 and a few in 3. Max 30 mins to central (15 for me), so the extreme examples of people commuting from Croydon are exactly that, extreme.
While I’m still able to cling onto youth I’ll be happy to live in what is one of the most fun cities in the world. When it comes time to buy I’ve accepted it won’t be here, but perhaps Manchester or Liverpool could offer a toned down London vibe with more affordable housing.
When a commodity is in demand by many willing prospective buyers, a sensible seller raises the price. Or perhaps run an auction?
Laughs in scouse. You can still get a 2 bed house for £600 a month here, private rent.
The viewing must be wall to wall slip hazard signs with the landlord producing an endless stream of jizz over all of this.
The ultra high net worth have won. They have the means to buy up swathes of property in bulk. I used to work in private banking and our clients had huge, diverse property portfolios.
Nobody in this world should have hundreds of millions £ in assets, let alone billions.
The UK is in a sorry state and only those with the good fortune to have been born in a generation with a low cost of living OR those with a very high earning job OR both, are able to live like a life that would’ve been a common, standard, normal life back in the 1980’s.
The rich are not done with us yet.
When our youth are eternally renting with their income going into ultra high net worth coffers, be it through share holdings in property companies or direct ownership of property, they will conjure up new ways to collect our income.
I’m sorry that I have no answers for our youth. We have failed you. Only thing I can say is that you need to exercise your right to vote. Even if the government doesn’t give you what you need, it’s as good a statement as we can give besides protesting like the french. The UK has no appetite to protest like the french besides the current strikes.
I genuinely don’t understand the “I’ve got ties here, I can’t leave” mentality.
The world is huuuuuuuuge. The UK is small in comparison to most other countries but there SO much more to see.
Yet people will limit themselves to a place that’s super expensive and generally pretty awful, for what exactly?
Go out and see the world, I can almost guarantee London won’t be a place you’ll want to go back to.
Money aside, this is so fucking humiliating. Literally have to beg and fight for landlords to give us a crumb of property
Other countries, like mine, we are taught that we should rather pay the bank that rate and at the end, own the house. But frankly, the loss of mobility has kept many generations back. Now I realise that there’s also the downside of that: not having any predictability about your expenses, and having to compete with the ever changing market… Still… I think having mobility, especially when young, is more important. But that mobility has to be more than just for living our your life and seeing the world… it has to somehow sustain your mobility through work, and probably investments, in yourself your family, your future… shit! What was I talking about?
People complain about “the state of this country/city.” Let me tell you that London is no different from any other major city in this respect. Go to Tokyo, New York, Paris, or Hong Kong, and you’ll be paying through the nose for somewhere to live. It’s almost as if the city is so awesome that everybody wants to be there.
I’m told on here by the rent control people there’s not a housing shortage though… No shortages at all.
This looks ugly because you’re seeing actual people physically lining up to view it however it happens all the time virtually online. If a property goes up, 50+ people express interest within the first week. It’s easy to dismiss emails but when you see it manifest in person like this it’s ugly. The estate agent should never have allowed so many people to view this place. They should have eliminated those least likely to succeed in their application and kept the viewing to a small group of most likely to be accepted. The spectacle above it just humiliating for everyone involved
25 comments
The fucking state of this city.
It’s a great deal, but it only shows you how bad things have become. I’m on £1000/month double room in Brixton now, with bills but still.
EDIT: From the article:
> The property went for £150 above its original asking price
Oh yeah, of course. ^/s. But actually surprised it’s _only_ £150; with that many takers you’d have expected more of a bidding war.
What would be the normal going rate these days for a house like this?
Madness! I live in a 2 bed semi probably a bit bigger than this and I pay £430 a month on the mortgage.
I’m surprised the rest of the country isn’t getting waves of refugees from London.
Isn’t this a mispricing? It is a common cultural thing on the UK now where prospective renters submit their rent bids?
£1200 a month for what’s essentially a £100k council house in 90% of the UK and would be given to someone on benefits. Why are people intent on just surviving in London?
[deleted]
It doesn’t surprise me. And when you think of the price in London, it really isn’t that expensive. I’ve never lived in London but shall never forget that when I was there in the late 80’s it was more than 100k for a studio in Westminster, and 235k for a semi in Greenwich. My father bought our terrace house in 1983 for 18.5k.
I feel bad for laughing as someone who lives a bit north of here in a 2 bedroom house and the mortgage is £280 a month. London prices are ridiculous and even if I had family/friends/connections to there I would still move to where I am now just to be able to afford everything
This is my mortgage payment (+/-£50) for a four bedroom detached house on a 95% mortgage. London is absolutely mental.
[deleted]
This is cheap, I was paying more for a 1 bedroom flat in southeast.
All this shows is the gatekeeper agents gazumping tactics.
Whats even the point in having that many viewings? I’ve had experience with arranging viewings and I rent myself and the amount of viewings is normally kept to like 10 maximum, not 100+.
Last people I helped they got lots of applications in the first 2 days, then took down the listing, arranged viewings with 5 of them, and then chose from 1. Even that took long because they felt too bad about who they’d have to reject so they couldn’t decide. Adding literally another 95 viewings doesn’t help. Good tennants aren’t that bad and you can’t tell much from a viewing anyway.
What about the people living there currently? Why should they have to deal with these viewings.
[deleted]
Obviously the London rental market has become ridiculous over the last few years for various reasons and something needs to be done.
But also a lot of people here are not understanding that many of us don’t want to live a provincial lifestyle in some random town.
Honestly would rather stay in London and share with some mates than buy an ex council house and have the option of the same 3 pubs or that curry place on the high street. Kill me.
Almost everyone I know lives in zone 1/2 and a few in 3. Max 30 mins to central (15 for me), so the extreme examples of people commuting from Croydon are exactly that, extreme.
While I’m still able to cling onto youth I’ll be happy to live in what is one of the most fun cities in the world. When it comes time to buy I’ve accepted it won’t be here, but perhaps Manchester or Liverpool could offer a toned down London vibe with more affordable housing.
When a commodity is in demand by many willing prospective buyers, a sensible seller raises the price. Or perhaps run an auction?
Laughs in scouse. You can still get a 2 bed house for £600 a month here, private rent.
The viewing must be wall to wall slip hazard signs with the landlord producing an endless stream of jizz over all of this.
The ultra high net worth have won. They have the means to buy up swathes of property in bulk. I used to work in private banking and our clients had huge, diverse property portfolios.
Nobody in this world should have hundreds of millions £ in assets, let alone billions.
The UK is in a sorry state and only those with the good fortune to have been born in a generation with a low cost of living OR those with a very high earning job OR both, are able to live like a life that would’ve been a common, standard, normal life back in the 1980’s.
The rich are not done with us yet.
When our youth are eternally renting with their income going into ultra high net worth coffers, be it through share holdings in property companies or direct ownership of property, they will conjure up new ways to collect our income.
I’m sorry that I have no answers for our youth. We have failed you. Only thing I can say is that you need to exercise your right to vote. Even if the government doesn’t give you what you need, it’s as good a statement as we can give besides protesting like the french. The UK has no appetite to protest like the french besides the current strikes.
I genuinely don’t understand the “I’ve got ties here, I can’t leave” mentality.
The world is huuuuuuuuge. The UK is small in comparison to most other countries but there SO much more to see.
Yet people will limit themselves to a place that’s super expensive and generally pretty awful, for what exactly?
Go out and see the world, I can almost guarantee London won’t be a place you’ll want to go back to.
Money aside, this is so fucking humiliating. Literally have to beg and fight for landlords to give us a crumb of property
Other countries, like mine, we are taught that we should rather pay the bank that rate and at the end, own the house. But frankly, the loss of mobility has kept many generations back. Now I realise that there’s also the downside of that: not having any predictability about your expenses, and having to compete with the ever changing market… Still… I think having mobility, especially when young, is more important. But that mobility has to be more than just for living our your life and seeing the world… it has to somehow sustain your mobility through work, and probably investments, in yourself your family, your future… shit! What was I talking about?
People complain about “the state of this country/city.” Let me tell you that London is no different from any other major city in this respect. Go to Tokyo, New York, Paris, or Hong Kong, and you’ll be paying through the nose for somewhere to live. It’s almost as if the city is so awesome that everybody wants to be there.
I’m told on here by the rent control people there’s not a housing shortage though… No shortages at all.
This looks ugly because you’re seeing actual people physically lining up to view it however it happens all the time virtually online. If a property goes up, 50+ people express interest within the first week. It’s easy to dismiss emails but when you see it manifest in person like this it’s ugly. The estate agent should never have allowed so many people to view this place. They should have eliminated those least likely to succeed in their application and kept the viewing to a small group of most likely to be accepted. The spectacle above it just humiliating for everyone involved