jp 10 Jun 11, 20:34
Sometimes it feels like a Catch-22 situation trying to fnd somewhere to live in London. I would never want to spend more than £1,500 on rent per month, because I would never see that money again. It makes much more sense to buy a house, but houses, or even flats, in London are so expensive it is ridiculous. I remember when a few thousand would have been enough for a deposit, but now you need tens of thousands, because they will only give you 4 times your wage. If you are only earning £50,000 then good luck buying somewhere in London for £200,000. You have no chance of living somewhere decent.
But £1,500 rent will not get you anywhere nice in central London. You have to look further out, but like the previous gentleman said you are really no better off, because you then have to spend thousands on transport instead. The congestion charge is £10 a day now, and when you total that up it comes to 2 thousand pounds a year. And then you have to pay for your petrol and parking on top. So you want to get the train instead? You will have to spend another £1,500 on an annual season ticket.
This city is so expensive it is outrageous