I did it for a couple years. If I was working the closing shift, I was lucky if I made the last bus at 11pm after my 40 minute train ride. Then it was MORE money for a taxi to get home if my husband was already in bed. I never expected him to come pick me up that late. I would've driven myself, but parking in Calgary is some of the most expensive in Canada.
+auxetoiles thats crazy im irish when we commute that long here someone pulls out a drink and we end up partying but people on tubes in london are very cold they avoid eye contact and l think it mights a journey longer if you dont have a conversation with ppl
It just seems like a lot of young people nowadays passively put up with rubbish wages, 2 hour commutes, rip off train fares and crap living conditions. Where is their ANGER???!!!
@@LothianOwl Its suppressed by their addictions to modern society. Media, tv, games, phones, tech all keep people distracted. Nobody wants their iphone disconnected so they'd rather all live in the status quo.
I fix boilers, plumbing and electrical in custome rs houses. It's a reasonable living once you have the skills. I was trained as a graphic designer, but guess what....NO WORK
Don't get me wrong there's lots to do and lots to visit. But i's overcrowded and overpopulated, cramped and expensive. Okay you may get paid a higher wage but it's not like you'll see any of it as everything costs more. Nice to visit for a short break, but not to live there.
*I used to study in London. I now live in Athens, Greece. The amount that one now gives for a deposit on a flat to rent in London, is almost half the price it costs to buy a one bedroom, ground floor flat in Athens....( and we have better weather! )*
Where do you live? Were you brought up with two parents? What do your parents do? Have you ever been in debt? How long have you been working since leaving school? Talking of school what qualifications did you achieve? What's your official job title? Do you have a career? Do you have a partner? Did you need a mortgage? Where did you get your mortgage from? When did you get your mortgage? I'm 24 and I know that I will never get a mortgage unless I become rich, so no it's not possible "just not in London", it's really not possible anywhere unless you have been brought up lucky.
That's a lot of questions! Yorkshire. brought up with both parents. Nurse and Education. Have never been in debt. I've been in full time, part time and self employment. A levels. Driver. Small mortgage.
Margaret Thatcher once said that if you were 26 and using a bus to get to work, you were a failure. That was back in the day when the average first-time buyer was 23, no one had heard of payday lenders or food banks or student tuition fees, you got a grant instead to go to Uni, and no one got a mortgage higher than 3.5 times their salary because of the risk of overstretching yourself. Moreover, the average term for a mortgage was 25 years, not 35 or 40 as is becoming the norm now. If you want a vision of the future, look at Japan. Ten thousand or so young people die at their desks every year from exhaustion. Their Grandparents are working into their seventies and eighties because 30 years of 0% interest rates have decimated their pensions. Oh, and many mortgages are now for 50 years, even 100 is not that unusual. Born into debt, die in debt while the corporate elite have stashed £21 trillion in the Turks and Caicos islands and laugh at all of you.
The hoarding and offspring of billions of nontaxed corporate in UKs possessions is horrendous. Just a billion pounds of that money unleashed into the. UK economy could make a tremendous difference.
To illustrate how much un-affordable house prices are nowadays compared to back in 1980s, when Margaret Thatcher was Prime Minister, I shall show some statistics. Average House prices in London, UK 1989: £82,000 1999: £142,000 2009: £338,000 2014: £492,000 www.itv.com/news/london/2014-07-15/the-rise-and-rise-of-london-house-prices-1986-to-2014/ Average House prices in the entire UK 1999: £91,199 2019: £279,998 In 2000, the house price to earnings ratio sat at 5.4, but this year it is around the 10.8 mark, Halifax said. www.thisismoney.co.uk/money/mortgageshome/article-7837405/The-average-price-tag-home-risen-200-1999.html My Parents bought the 4 bedroom house (one bedroom is in the attic) that they, I and my 2 siblings live in back in 2005, for they wanted to move out of the Flat we were living in before then. The reason was because one of my siblings was recently born in 2004 and therefore we needed more living space. I feel sorry for other families in this situation nowadays. For it's now even harder to afford to buy a house now than it was back in 2005.
cabbat doolab your comment made me smile 😊 I had one excellent landlady and 2 awful one. One where mould was all over my flat and the next flat had no heating whatsoever. It was so cold in the winter you had blankets all over you and even with my own heaters it never kept me warm. My landlords didn’t care and even when the bath started to leak to the next flat downstairs. The builder say it needs a whole new bath and the landlord refused to do that and end up just put sealer around. It makes me angry that he even had the cheek to put the rent up after is incident. Am glad you are a good landlords because sadly their not many of you around ❤️❤️❤️
I agree with repairs side of your point, but have you ever noticed that these properties look a dump, crap everywhere, it's not the landlord who does this.
if the landlord fixed the problem for them 2 girls the apartment would be worth way more and they would get evicted because they obviously can't afford it. in cases like that the tenants are lucky
@@berryeyes667 Just report it to your local Council. When landlord faces thousands of pounds Council fine - it changes the priorities. Got that situation, after council intervention, new boiler fitted in a week after months of chasing landlord. Can't believe so many native English people don't know basic laws.
Renting conditions in London are pathetic. I am shocked that British renters have no recourse if they complain about poor living conditions. It should be against the law for landlords to evict their tenants for merely complaining about squalid living conditions. I do not understand why the UK Government cannot or will not shut these landlords down and not allow them to rent substandard properties until they make these things right. These landlords should be prosecuted and given stiff fines to make it more beneficial for the landlord to repair these properties than to face the fines imposed. For a country that will prosecute someone for making a derogatory post about something or someone on social media and/or prohibit someone from coming into their country because of a derogatory post, the UK Government seems to have an indifferent attitude towards people who want to live in affordable and decent housing as if it is the renters problem and not the landlord. Something is wrong with the priorities of the politicians in the UK.
Of course they have recourse, the tenants rights are always greater than a landlords.The council can and would close these places down if tenants complained to the right people!
The solution is already there...don't live in London! London is a residence for celebrities, immigrants that fiddled the mortgage system, and that's about it. Everyone else is fodder.
"I want to live affordably and central" Yeh, so does everyone else mate. Thats why flats are expensive in the centre and cheaper the further out you get.
London not the problem dont see how out of london any better.. social housing is the way to go.. but hard to get these days .. my partner rent is 119 per week one bed in london . My rent was 20 in council home but I refuse to live with gangs around so I left
@@lucasmoreno5330 It is 73% because most young people live with their parents because they can't afford their rent. French and Germans (especially) have lower rents, higher salaries, so they can afford to move out. Here in Milan salaries are on average 1.2k€ net/ month (some earn 1000 and others 1500, too). Rent for a tiny one bedroom apartment, at least 850€.
I volunteered as a Homesharer in London. You give company and companionship and light housework and chores for the elderly person that you live with but can still go to work or study during the day. You just help a bit and live rent free otherwise. Its great for the older person and for you. I stayed in Hampstead Garden Suburb in a lovely house with a garden. It was fantastic. There are locations in Chelsea, where the office of Homeshare was located and all around London. I would highly recommend this as a solution and great way to save.
I do this now in NYC ❤😊 im working as a professional ballroom dancer/instructor in the city. I cant just move away, right now. 😢 They matched me with a retired ballerina which is pretty sweet. So I keep the place tidy, and keep her company. Sometimes, i will ask her to sit and observe/critique my ballet lessons, and she goes from being 80 to like 55 again ❤🩰
We built affordable housing decades ago. The tories sold it all and had it redeveloped. Interest rates have been approximately zero, driving an aggressive culture of corporate mergers and acquisitions. We could have been improving infrastructure and amenities in the UK since the '80s, instead of turning UK culture into an exploitative corporate Disneyland.
You have to admit that a younger person can cope with the toll of moving and can share or live with family, but an older person does not have the resilience as a younger person might. It's not that I don't have empathy for the younger ones. Ace Kid do what you can to work, save and buy something even if it isn't your ideal place of residence. It will be a start. All the best.
So sad. Crazy how housing is so expensive in London. I used to pay 25p a week for a nice 1 bedroom split Victorian in Kilburn back in 1988. So messed up.
In Michigan, my 23 year old son has 2 bachelor degrees and makes less than I did starting out with a trade. Also, rent is unreal in SE Michigan, it will be 50% take home pay, then student loans suck up a lot. My oldest lived with family off and on until 27. Household income needs to be at least 100,000 a year to be lower middle class these days.
@Victor O'Rourke, Besides the mention of Jesus Christ, I say, Hear! HEAR!!! :) Those who can live rent-free or via paying very little are incredibly fortunate! Some of us have been on our own since literal childhood. Count your life blessings and unless they are abusive or too nosey, try to find a way to make it work for you. :)
Victor O'Rourke Thank you! In Africa and traditional cultures, no-one thinks of leaving home until they are going to get married and there is no shame whatsoever. that is part of the culture. It's only in the Western World they go to war with their family about 'independence' or the reverse people's parents throwing them out!
I'm very surprised that landlords can abuse their tenants in the UK. Here in Canada landlords can't just kick you out and they can be forced to make repairs or their rent can be held back in certain situations.
Britain is turning into a 3rd world country when it comes to living standards for the most of us. I work in corporate relocation's and people are leaving in their droves while Asylum seekers are entering in record numbers. Something seriously wrong here.
+huntthewild I live in Britain and recently travelled across Australia. I don't think I would have agreed with you before my trip but compared to Australia, living in Britain is like living in dirty slums (generally speaking).
This is happening for a few reasons: 1. Brits as an aggregate are over valued. This countries doesn't make anything of value, so a correction is happening. 2 Banks are printing money resulting in inflation( look up inflation tax) A vile cowardly form of taxation. Then they use that money put in the housing market for speculation, resulting on regular folk not being able to afford it. We are feeding off he past and the future to pay for the present.
Very well said. In the last 12 months all the international moves(British families immigrating) we have undertaken were for professional native British people. Doctors, architects, engineers etc, are leaving the UK. They can see what is coming. The UK government is clearly losing a grip on the situation here. Thousands of tax payers fleeing every year when thousands of immigrants come here to live on benefits.
These days hard work taxed and regulated. Laziness is much easier then in your days. I am sure when you was a boy Magadrive and Nintendo games was £30-20 a pop. Now days there are thousands of games for less then £4. And naturally we have more music and movies for entertainment also. Also naturally, there is a money transfer from the rich and old to the poor and young.
fuming I'm in exact same situation, affordable housing should be a law and landlords should be forced to stop raising rents for small cramped spaces. 😡
+steve harris The rich are buying up the housing stock and the leasing back to the poorer, passing on nothing to their children. You will find that the rich do not want these people to buy a house/flat as it benefits them so much.
steve harris The BBC is partly too blame. Greed by the middle and rich is now rampant and the MPs are in on it. The bastard MP are working to set up laws to make the rich richer and richer and the young are too busy looking at their phones to even notice.
i can feel you, but as a landlord on our end it isn't easy either, most of the rent goes into the morgage and upkeep, so in the end only about 10% of the rent goes to the landlord
@@Andrea-ss2jl no such thing as an nhs dentist:. Private dentistry is crippling… Get basic work done overseas… Would I rather save £300 twice a year or have my teeth whitened like a celebrity… Rather save the extra !
The answer is obvious, and works in many other European countries: a maximum rent plus proper regulation and policing of landlords and properties. The problem here is that there are too many MPs with extensive and lucrative property portfolios.
Maximum rents don't work. Maximum rents cause a contraction of supply and an expansion of demand, creating a shortage. They also decrease the producer surplus for affordable/low-income housing, encouraging the production of higher end housing. This doesn't solve the problem; it merely exacerbates it.
This is depressing. I remember I was staying with my Aunt but she ended up selling her house and even though I was working I didn't have a place to stay because I couldn't afford it. I am a bit weird so no one was willing to share a place with me. I ended up sleeping in a tent in the woods.
Not sure what the problem is with tiny houses. They're the only viable option in London and if they were to be built they would be insanely popular among people in my age range who are working and living social lives anyway. With the opportunity to buy comes the opportunity to move onto bigger and better homes, freeing up the tiny houses for people who need them.
I am tiny. I wouldn't mind a tiny house! I wish they would introduce some of these in my area (and not keep them just for social housing). I would be very happy with all the basics covered.
KitKat PaddyWack they need to knock down all them nature parks in London and build some tract housing. 3 beds 2 baths 2 car garages. And build them affordably. This would at the very least allow the Millennials to buy the cramped old British Houses
It's a travesty mate. I'm in the Same boat, 3 uni degrees, full time job and I can't afford my own house, yet scroungers who haven't worked a day in their life are masters of tidy council houses that they bought at discount. The system is fuc*ed up to say the least.
@SaltyBrains Yes, says a lot about how brainwashed we have become about consumerism. medium.com/@alee250485/why-are-we-paying-income-tax-twice-92d264bd9d3f
Pfft, in my town it costs like a hundred grand to get a one bedroom flat in a tower block and a good working class wage is about 16-21k a year. For first jobs expect 13k... And you gotta eat... And buy train tickets... What is the point of saving if by the time you would have saved the inflation would have took it all?
A lot of this is the realisation of growing up and expectations. Me and my husband have always been on a very low income. Managed to leave home renting and then bought a house and by 40 no longer had a mortgage. Its not having coffee from the shop, not meeting up with friends for a meal out every week, repairing clothing, cars, phone's and electrical items yourself. Take a flask, take a packed lunch, have a picnic with friends, visit free attractions with them, learn to sew and cook. Start the electrical repairs with replacing fuses and plugs. We know so many people who have an income more than twice ours who complain about not having stuff but its a mindset. Working on getting a home etc includes more work than the 9-5 job.
Today many have almost nothing after rent is paid. You didn't state when you bought. There was a time you could buy a home on 2 lower incomes, with a little sacrificing. Not anymore. But the government can build smaller apt's and sell them at cost with a longer period to pay back the $$$$. Like 40-50 years. I think it's that the gov't doesn't care. Most of those in power have lots of money.
Over the years, I have become accustomed to living in smaller and smaller apartments. Now I am renting a 20 square meter studio. I'm actually happy with it. What I found is that even smaller apartments work, provided they are well structured and make effective use of the space. Unfortunately, what I have also found is that reduced space doesn't equate to lower prices, not when you are unwilling to share living space with others at least.
Meanwhile the housing in the country side is cheap and affordable. It's all bout the urbanization from the pressure to find a suitable job, or just because you want to live in the city.
epSos.de exactly it’s because they want to live in places with high property value. Go to smaller towns and you’ll get a two bedroomed house for 70k in some. Cases you’ll even get a small 1 bedroomed flat for 50k
@@Jojohumf I don't know where you are from but here in Canada moving outside Toronto means you will find houses for 1/4 the price but your job will pay you 1/6 of what you make in Toronto... It's not about wanting to live in a big city... the supply of jobs is higher on big cities. You can move to a small town find a job and still be struggling to pay rent even if its much cheaper.. If the solution was as easy as just moving one or two hours away, there would be a mass exodus of people... Most young people end up like the guy on this video commuting for hours to get a decent salary... This won't go away because the rich treat houses like a commodity and an investment and most politicians have their own real estate investments so they won't tackle the issue.
My husband and I (both in late 20’s ) have made big sacrifices and manage to purchase house in suburbs of London but it does mean that my husband has to travel atleast 3 hours everyday to and from work . I decide to leave my London job and after 6 months I am still searching for job around my area . The best resolution to solve this London house problem is to create more jobs outside London
Renting crappy, leaky houses, condo's, basements when you start adult life gives you an appreciation of reality, eventually things get better and you have precious memories. the daily commute is a grind
Don’t live in such expensive areas, what’s so good about London! Brighton is notoriously expensive as well! Where I live in Worcester you can be in a house share for £200 a month, or a 2 bed house for £700. House prices for a 3 bedroom house are £200k. Get out of the London bubble!
I don't blame it on immigration but rather on ourselves. We choose the politicians who support those Indian landlords who rip us off any decency. I mean, I study university and work hard for what? to give up half of my income to rent?
Immigrate to the United States. We certainly have our share of problems here. However, I own a three bedroom 2 bath home on 3/4 of an acre located in a suburb of a large metropolitan city. My mortgage is $750 a month. If you cannot immigrate to the U.S. because (1) you simply don't want to immigrate here, (2) or you are not allowed to immigrate. Maybe another alternative would be to relocate to a small village near a larger city in the UK away from London if you are able. There is no way I would pay money to live in a ramshackle flat with major repair problems that a landlord would not fix only to be evicted for complaining. It is a health hazard. God help the younger generation in the UK.
+Bonnie Vandergriff The younger generation are going to be paying for the lifestyles and retirement of the rich. The housing crisis is designed to make more money for the rich and empower them over a poorer and disabled group who cannot get out of the trap. The tax payer will foot the housing benefit bill which is escalating dramatically, along with tenants who cannot afford or are allowed to even have a pet". The lord can pass o information to others, and has some access to gain entry to their property which is very degrading, and an affront to privacy. Tenants will never retire, and so pass on nothing to pass on to their children, and there will be widespread economic and social consequences too. Who would even bother ton save for a retirement that is not going to happen? Other cultures in the UK are simply paid to have as many children as they choose knowing that the tax payer will pay for them all. Money will be taken direct from wages to try and stop the economic carnage this coming; again the poorer will suffer. 30 or more % of MPs are into the property leasing scam using the banks bailout for loans for these properties. Further more, the house prices will again rise as the BTL buyers can pay over the odds as they know the tax payer will foot the bill anyway. A lack of social housing where the tenant can buy the property as they pay the rent is needed. The people who own land are also to blame as the cost of a kit home is so low eg 30,000 pounds but where do you put them? I worked in the building trade myself for many years.
Leave the area! I spent my life living in the Greater London area and it was always impossible to think about buying. Now i live in Dorset and I'm saving and its much better.
I can't contemplate why anyone would live in any city. Soon as turned 18 i bounced to the sticks. Even drive through a city now makes me want to carpet bomb it. Living like rats in a maze ain't natural.
@@avancalledrupert5130 Oh there's many reasons. For many it's the simple fact that there are work opportunities in cities that don't exist in the boonies. Someone with say a degree in engineering, physics et.al. isn't going to find many opportunities for work in Bumfuck, Nowhere, in comparison with most cities. For others it's the reversal of your situation. People might want to come to a place where most other acquantances and services are less than 10km away.
@@user-kb8rc5vq2i its not 10km is it lol. Its not the fucking Australian outback . You never more than 3 miles from a vilage . A city is never more than 30 minutes drive away just comute if you have to. But fuck living in one never again.
I know it's not their property, but would it kill them to buy a box of polyfilla and patch up those cracks? That is, unless they felt the landlord would then charge them more to live in the (now) nicer flat
Benjamin Gallagher - In the UK, your not allowed to fix up the homes, it’s against the contractural. I studied there for a year, and wanted to fix up the house- and they wouldn’t allow me, even though it would have been a big improvement. It’s crazy!
Calm doon son I didn't say they should *have* to. But, a box of polyfilla costs two quid. If it's that intolerable, and the landlord that incompetent, you just would. I can only come to the conclusion they're too lazy, and too thick to know how. :')
I would never rent a property in the U.K. The amount of stories I am aware of concerning trying to get rid of tenants that don't par or cause probs, the cost to get them out, length of time to get the order to remove them not to mention the money you will never get back from lost payment and often damage to your property you will never get back means the cons certainly outweigh the pros. I am just glad they changed the law so that now when you go on holiday and have people just move in to your own property now gives you more power. We need to get our priorities right in the UK. We seem to live behind the times with our Royal family which makes the majority of British proud, yet our UK laws are either lacking or in an urgent need of updating or improving and the time it takes go evict tenants takes far too long. When buying a property got the first time, U.K. Law means owners can change their mind whenever they want so potential buyers can lose out as well. I think some other countries laugh at us although I realise some countries are worse.and will always be worse, I think we need to stop thinking Britain is so great as a country to live. I just watched a documentary where tenants stole a three grand cooker. Owner called police and they told her due to insufficient evidence the case had to be dropped. Amazing. What sort of evidence do you need police? The tenants leave the property and stuff like the cooker was missing. Seems pretty straight forward to me. The most hilarious though was a couple living in rented accommodation growing cannabis in the attic. She had the key under her pillow. They let them off due to lack of evidence. Now, that really made me laugh. Crime does not pay? In the U.K. I think you can argue with that one. There was another case when a landlord changed the locks to get tenants out. The tenants sued for 45k. The uk and property side of things is scary.. laws in the UK make it scary.
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There won't be any more tenants thanks to brexit. Anyone with IQ or money will be leaving the country.
I'm actually giving up on life because I'll probably never own a 1930s Bungalow. Depressing that people actually live in the dumps in this video... I'd probably kill myself.
Stop playing the victim role. You work hard for the things that you want. If you can't afford to rent in London then move out of the city to cheaper areas outside London.
ok then stop complaining and deal with it. if you like it so why you play the victim idiot. looser.
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That's a pretty bad attitude if you consider there's cheap housing all over the UK. ....just not in London. But I hope that surprises a grand total of zero people.
pitsaria poueskise To be honest, you're the one who seems to be playing the victim. Not my fault your job market doesn't entice me with its low wages, but I have other options. That's the free market. Sorry that you have no other choices. When they want to pay a living wage, I'll be there.
@@nntflow7058 councils who sold off council housing on mass for a quick buck should be held to account. Put the whole rental housing market in the hands of private landlords who can slowly demand higher and higher monthly rates for renting these properties because the alternative, council housing at reasonable rents, are gone.
More or less the same situation here 31 and still living with my parents. Every other option financially makes absolutely no sense and would make me a LOT worse off.
If you're living with your parents at 31 you should have a good 10 years of savings, presumably rent free, which is plenty for a deposit. I'm 34, parents both died when I was a teenager. No inheritance, no other family. Moved to London, paid between £600-£900 a month for a room like most people. I worked 3 jobs, saved, and now own my own flat in zone 5 with a 45% deposit. All without the luxury of living with my parents. And before you say it...my main salary is only 30k.
What Tim is saying at 5:29 is what I've been saying is needed in Toronto, too. No one seems interested in addressing this huge gap in the market. I would love a Y-cube for myself. 6:50 "Why should we be the generation that's forced to live in tiny houses?" There's so much wrong this this line of questioning. People (tiny home movement supporters, minimalists etc.) are starting to realize that bigger isn't necessarily better: bigger means spending more money to furnish, more time cleaning, higher heating and cooling costs etc.
I'm young, saved up living with my parents until the age of 24. Bought my own house, now sold it and am living in a joint house with my partner. You want to be able to afford things, move outside of the big city. Get up, and move.
I did it without living with my parents and in London on an average salary...but yes, people need to work harder and not go for bottomless brunch 4 times a month.
I rented a room in brighton for 400 and it was really nice. It was 3 people in 4 bedrooms, 2 baths, a shared living room, and kitchen. Everyone was mostly tidy and quiet, my bedroom was huge, and the house was in decent shape. We had a nice private landlady who was super helpful, and I don't have anything negative to say about it. Before that I was in another shared house, also in great condition. I don't think this guy is looking hard enough. There's plenty of perfectly decent HMO housing in Brighton, and every year loads of students leave so loads of rooms become available. He's only looking for a posh private flat for a very low price, which is totally unreasonable.
you dont need to live in London you can live in wales a lot cheaper and lots of work ! forget the southerner lifestyle live by your means. this is what i did bought a house a live like a king!!!! Love Wales
It is the countries fault... This is an issue of the destruction of tenant rights, and the ever increasing greed of a country which has fallen from grace. The people should be in the streets instead of making placating documentaries for young people. P.S. Y cube is not an answer, we build houses and flats for the reason of the economic and efficient benefits... Y cube is as inefficient as it comes, and also temporary.
@SaltyBrains you can't say it's the tenants fault if they want basic repairs done to the building. All properties should at least meet the legal requirement. That shouldn't increase the rent at all don't see why that should do.
I wanted to work in the UK but the main reason for not coming was the renting conditions. I didn't want to have 6 housemates and living in a hole. At least, in my home country, I got to move out 3 months after getting my first job, I live on my own, still manage to put money away in savings and my flat isn't the biggest but it's cozy, it's in an old building but it was renovated, and if I need something fixed, my landlord sends his handyman over to fix it at no cost !
A very easy solution to this problem is to create and enforce a law where you cannot own a property unless you are living in it. All the rented accomodation will therefore have to go onto the martket and housing will becom more affordable.
Then what about the millions of undeveloped property that don't meet the minimum living standards for private letting? Who is going to repair those houses and make them available to live it if you can't own a property unless you live in it? Millions of houses will go unlived in and millions of people renting those homes would be homeless! You really are a stupid bastard aren't you? You know fuck all!
+John Kyon This can be fixed, and people buying up properties appear to manage. Some paint and some work fixes may properties and learning some skills also sorts out a great deal. Installing heating an the rest is not rocket science, (ex builder).
The landlords are from the third world so expect high rent and slum standards. Most "British" landlords tend to be tight but fair with tenant's. People feel no empathy for other races when times are hard. We form tribes in an attempt to survive.
I just finished Uni and myself and friends all saying so we took on 50k of debt working 9-5 in professional jobs and can’t afford to leave home while other people left school got pregnant and has a house on the council while not even working. The whole system is backwards and all of us with a education and work ethic are looking to emigrate to countries that that value skills like engineering and medicine. Ones they decide to do anything about the situation I believe it will be too late for the country to recover.
1:48 I went to a house viewing to that place a month ago. It is now £600 per month plus bills. It looks a tiny bit better but still really grim 🙃 We didn't get the place. Seemed to be very popular since there were so many groups viewing it at the same time.
While there are for sure problems with renting in London, it needs to be said that no-one is entitled to a large comfortable flat in central London - one of the most sought-after real estate markets in the entire world. Going out a few zones can find you great rooms for 500 - 600; finding your own flat isn't really something you should be expecting straight out of school unless you're earning well above average and are willing to spend a large chunk of your income on your rent.
I don't understand this, in the United States we have laws that require landlords to make Apartments habitable. If something goes wrong and the landlord refuses to fix it you have a legal right to not pay rent until they fix the problem and they can't kick you out else you can collect up to a years equivalent rent.
I would feel so ashamed if I was a landlord and had the nerve to rent such a shit apartment to anyone. Was there a time when people came right out of college and had enough earnings to rent their own apartment or buy a house? It seems normal to me (and I graduated from university in 1986) to live with your parents again or rent with a bunch of friends. I think it would be really cool to live in an old police station or care home. Cheap and a huge home!
UK population in 1986 was 56 million UK population in 2024 is....68 million. Let me guess ? You probably think immigration is good for the country...?? 😂😂😂😂
This is a little misleading. There are many cities in England that are swamped with HMOs (house of multiple occupation) which are high quality and relatively affordable (Leeds for example 250-400 per month). I feel sorry for people London born and bread, but for those with the vocational flexibility there are many more affordable places where you can rent and save your money, choosing to live in one of the most expensive cities in Europe and then complaining about it isnt going to help.
I was 25 when I bought my own house a few years ago in the Midlands. From my own hard earned money. It needed a bit of work doing but it’s now worth a lot more. Hang in there if you feel like you are not getting anywhere! Also, look at 5% products to get yourself on the ladder.
But now if your 25 after covid and inflated prices … How much was your house when you brought it? How much did you ewrn at 25 be honest! How much is the house worth now?
If he wants a house then save up a deposit, when saying he dosnt believe he should have to live in a smaller flat, he should save money up for a house instead of moaning and expecting stuff
If you have had a decent job for a number of years, it’s easy to get a mortgage and you only have to put 5% down. I got my first flat for 67k , I only had to put 3.5k down. Granted I don’t live in London, but I don’t buy the excuse that our generation can’t get on the property ladder. Just fucking move, the more people who love the better balanced the UK will become as a whole, the market will eventually follow. I’m 25 btw, and just bought a house and I rent the flat out now.
The problem is everyone else is trying to do the same thing. At some point you get to far away from where you need to be. Often the cheaper houses are further away from the good jobs.
0:23 only 23 seconds in and we get the first misleading statistic. "Private renters spend 43% of their income on rent but homeowners only spend 19% on a mortgage." The presenter suggest that "it's much more expensive to rent than owning a house now." The statistic does not at all suggest that it's much more expensive to rent because private renters and homeowners are two completely different socio-economic groups. It is much more likely that home owners simply have a much higher income than renters which should be completely obvious.
Living as a property guardian or in a house share is a great way of paying debt off or saving for a house. If in that time you blow your money on going out for meals often for example and buying nice clothes then how are you ever gonna break the cycle. Tough choices are needed and a bit of hardship for a period in order to get ahead in the longterm. Most people aren’t willing to make that choice therefore will always be poor or living month to month.
In my personal experience, a large amount of my friendship group (24-30YO) moan and moan about not having enough money to afford to live etc, but they waste so much money on shit. If confronted about it they respond with things like "I work hard I deserve some nice things", or "if I moved out of my parents house Id have no money for myself". Deal with it, thats life, money for yourself? Having a home you can be proud of, money in savings and not buying stupid shit is called being an adult. So yes I agree rent etc is very expensive, I look at my own house and laugh at how much it costs me, but thats life. A lot of these people don't budget and then scratch their head where their money is, and blame it on everyone else.
In some places in the UK working people can get lovely homes through some sort of a system called SHARED OWNERSHIP LEASING. I don't live in the UK but one of my relatives has one. If you're interested check Google etc. for more info.
In Minnesota if your landlord won't fix it you can and deduct the receipts on the material from the rent. My car window was broken by a vandal on his property and I had it repaired and sent him the receipt instead of the rent saying, I took care of this problem for him.
Good luck to that sleeping with your friend just get a house share in Harrow or Golders Green or somewhere else cheap (but low crime) £500-£550 a month all bills included with your own double bed in your own room
"Being kicked out at short notice" keeps being used against LandLords that Terminate tenancy agreement BUT this can be stopped by having/taking longer Tenancy agreements
I don´t understand why man young people still claim they are "middle class" when they can´t even afford proper housing anymore. People need to take a look at themself and admit that a normal job, median income dont buy much now a days! Most people in the western world is not middle class anymore as they think. I spend some time in England in the north and the poverty and amount of homeless i have not seen anything like it even in Spain or Greece. People need a reality check! The economy has reached it peak many years ago, our parents lived the economic boom and its been over for a long time. Go where there is opportunities would be my advice. Its not coming back so stop sit around and wait for it
Councils used to own an array of housed for rent many years ago. Margaret Thatcher, a former Prime Minister, made it her policy to sell off these rentals to the occupiers. Perhaps an unintentional result of this policy was that there were less houses available for rent, hence the shortage.
England is one of the country with highest standard of living.The demand for property in England is increasing rapidly above the supply side.This factor makes the rental cost becoming more and more expensive.
all these problems always seem to come from middle class girls who have moved to London from the home counties.... they want to live in the best area and will be happy to share a room with someone in the 'trendy areas' than have their own place on the outskirts....
I know, they seem to make it sound like its impossible to live. Like even on min wage living in a house share of 4 it doesn't take all your wages away. I think these clowns are just spending all their money or something.
@@Ghost572 oh yea. fuck ppl for wanting to have silly things like a social life, a car, and not wanting to choose between food and keeping the power on
@@toreyfusky I don't think you've figured out the costs then, because its possible to have all of that. What do you think people don't pay enough that it comes down to choosing food or power LOL. It's like these people are in another dimension, I've worked on min wage and not ended up in that situation so I'm still not sure what their going on about, but if you want to live in a dream world np.
Your problem: went to uni - used 27k + living expenses in fees. There is your house deposit! BOOM Big mystery solved Message to anyone reading this :: unless the career your degree is meant to help you into pays enough to buy a home - Don't waste time doing it
Student loans are exactly that, loans. you dont get the option 'go to university or have a deposit free' ... I went to university, and to afford going i got a loan. i cant go to a bank and say "can i have a mortgage? i've not gone to Uni so i can get a house instead". The issue is housing prices escalating far higher than the average mans salary. It is statistically proven that graduate jobs are on average far higher paying to jobs that do not require further education, so in going to University he has actually increased his chances of being able to buy a home. And as he claims himself he has a "good and stable job". so it is a career that helps to buy a home. (i do agree that some fields of study are not worth the time or money). The issue this young man has is that he cannot be managing his money properly. I rent a property, in a capitol city. i earn a decent wage with my graduate job, and in the next year i should be able to secure my first property. (3 years saving total). So how this man cannot save enough without having to pay £1000 a month on housing and utility bills i do not understand. I dont earn a great deal but with some level of self control, saving for a property is not as bad as my fellow generation claim it to be. it just takes a little HARD WORK. Add on - The disgusting rental property would look 100x better if the scruffy fuckers cleaned.
@@Flibbied you can start a business with that kind of money walk into a bank with 3 years accounts and a few 100k in the bank - so when you come out of Uni you are MINUS 27k MINUS the living expenses which could be anything -50k more? No ... Frickin ... WAY! You can work and save for those 3 years instead - by then you'll have your deposit together and the experience to either ask for more money at work, or strike out on your own
@@MrOharaj With what kind of money? where you getting the money from? you don't need any money to go to uni, £0:00. You need alot of money to start a business. And without a graduate job, you'll hardly be saving enough to start a business. Especially if you're renting. That's what i'm saying, you don't need any money to go to uni. The beauty of the UK further education system is it opens up further education to all. It used to be only the rich and upper class that had the opportunity. My Original post was simply trying to debunk the fact that you could get a house deposit as opposed to going to uni, it doesn't work like that. I would also like to mention that when you apply for a mortgage the amount you can borrow depends on the amount you earn. So again i raise the point, the higher your earnings the more you can borrow, the easier you will find securing a mortgage.
Now I’ve retired I give my decorating services to people who need it for free. As long as we buy the cheapest materials, they’re often easy fixes. Like woodworking, tiling, replastering, dealing with mould, plumbing issues and so on.
You need to be less fussy! I rented in all sorts of expensive hazardous flats in London but I wouldn’t change any of that it brought be a huge amount of life experience. I was independent, hard working and broke! I struggled on because that’s what you have to do! It’s unfair of course but it’s out of our control there’s no point moaning about it no one cares. Focus on that end goal and you will get there, don’t expect it to be handed on a plate. It was only at 34 I was able to finally get a mortgage!
Its not possible to work and save on a single income in london. It barely meet ends with no saving. Just hand to mouth. I moved out of london to down south which is expensive but not like london. Me and my partner worked hard i worked with whatever jobs were available out. I trained and started new place. Managed our finances one salary for expense and other for saving. With trying to save as much as possible with no holidays and spare expenses. We finally managed to buy a house for ourself but with parents help in deposit. Now paying mortgage and same life work and pay for next how many years but yeah it least we r living in decent conditions and no landlord. Its tough for many these days in UK...
A four hour commute... that’s the stuff of nightmares
I did it for a couple years. If I was working the closing shift, I was lucky if I made the last bus at 11pm after my 40 minute train ride. Then it was MORE money for a taxi to get home if my husband was already in bed. I never expected him to come pick me up that late. I would've driven myself, but parking in Calgary is some of the most expensive in Canada.
mines 3 each way to london and back.. its awful
Nick Wright's Conscience s
you would be better off walking around and picking penny's off the floor
+auxetoiles thats crazy im irish when we commute that long here someone pulls out a drink and we end up partying but people on tubes in london are very cold they avoid eye contact and l think it mights a journey longer if you dont have a conversation with ppl
What is the point of working and having a job when you can't make a living..
As long as companies make money ... nothing else matters. That is their view
It just seems like a lot of young people nowadays passively put up with rubbish wages, 2 hour commutes, rip off train fares and crap living conditions. Where is their ANGER???!!!
@@LothianOwl Its suppressed by their addictions to modern society. Media, tv, games, phones, tech all keep people distracted. Nobody wants their iphone disconnected so they'd rather all live in the status quo.
I ask myself just that daily bro
I fix boilers, plumbing and electrical in custome rs houses. It's a reasonable living once you have the skills.
I was trained as a graphic designer, but guess what....NO WORK
I'm 27, own my own house, work full time and have plenty of spare time. It is possible...just not in London
Who would actually want to live in London?
Don't get me wrong there's lots to do and lots to visit. But i's overcrowded and overpopulated, cramped and expensive. Okay you may get paid a higher wage but it's not like you'll see any of it as everything costs more. Nice to visit for a short break, but not to live there.
*I used to study in London. I now live in Athens, Greece. The amount that one now gives for a deposit on a flat to rent in London, is almost half the price it costs to buy a one bedroom, ground floor flat in Athens....( and we have better weather! )*
Where do you live? Were you brought up with two parents? What do your parents do? Have you ever been in debt? How long have you been working since leaving school? Talking of school what qualifications did you achieve? What's your official job title? Do you have a career? Do you have a partner? Did you need a mortgage? Where did you get your mortgage from? When did you get your mortgage? I'm 24 and I know that I will never get a mortgage unless I become rich, so no it's not possible "just not in London", it's really not possible anywhere unless you have been brought up lucky.
That's a lot of questions! Yorkshire. brought up with both parents. Nurse and Education. Have never been in debt. I've been in full time, part time and self employment. A levels. Driver. Small mortgage.
Margaret Thatcher once said that if you were 26 and using a bus to get to work, you were a failure.
That was back in the day when the average first-time buyer was 23, no one had heard of payday lenders or food banks or student tuition fees, you got a grant instead to go to Uni, and no one got a mortgage higher than 3.5 times their salary because of the risk of overstretching yourself.
Moreover, the average term for a mortgage was 25 years, not 35 or 40 as is becoming the norm now.
If you want a vision of the future, look at Japan. Ten thousand or so young people die at their desks every year from exhaustion.
Their Grandparents are working into their seventies and eighties because 30 years of 0% interest rates have decimated their pensions. Oh, and many mortgages are now for 50 years, even 100 is not that unusual.
Born into debt, die in debt while the corporate elite have stashed £21 trillion in the Turks and Caicos islands and laugh at all of you.
So now I'm finally woke thanks to the internet. My life was a life, I'm living a lie. I am planning my way out of this race.
Is there something you recommend me to learn more about this situation in Japanm
The hoarding and offspring of billions of nontaxed corporate in UKs possessions is horrendous. Just a billion pounds of that money unleashed into the. UK economy could make a tremendous difference.
Things have gotten worse for the average Brit.
To illustrate how much un-affordable house prices are nowadays compared to back in 1980s, when Margaret Thatcher was Prime Minister, I shall show some statistics.
Average House prices in London, UK
1989: £82,000
1999: £142,000
2009: £338,000
2014: £492,000
www.itv.com/news/london/2014-07-15/the-rise-and-rise-of-london-house-prices-1986-to-2014/
Average House prices in the entire UK
1999: £91,199
2019: £279,998
In 2000, the house price to earnings ratio sat at 5.4, but this year it is around the 10.8 mark, Halifax said.
www.thisismoney.co.uk/money/mortgageshome/article-7837405/The-average-price-tag-home-risen-200-1999.html
My Parents bought the 4 bedroom house (one bedroom is in the attic) that they, I and my 2 siblings live in back in 2005, for they wanted to move out of the Flat we were living in before then. The reason was because one of my siblings was recently born in 2004 and therefore we needed more living space. I feel sorry for other families in this situation nowadays. For it's now even harder to afford to buy a house now than it was back in 2005.
As a landlord it makes my blood boil to see bad landlords who allow tenants to live in disgusting conditions
cabbat doolab your comment made me smile 😊 I had one excellent landlady and 2 awful one. One where mould was all over my flat and the next flat had no heating whatsoever. It was so cold in the winter you had blankets all over you and even with my own heaters it never kept me warm. My landlords didn’t care and even when the bath started to leak to the next flat downstairs. The builder say it needs a whole new bath and the landlord refused to do that and end up just put sealer around. It makes me angry that he even had the cheek to put the rent up after is incident. Am glad you are a good landlords because sadly their not many of you around ❤️❤️❤️
I agree with repairs side of your point, but have you ever noticed that these properties look a dump, crap everywhere, it's not the landlord who does this.
if the landlord fixed the problem for them 2 girls the apartment would be worth way more and they would get evicted because they obviously can't afford it. in cases like that the tenants are lucky
@@berryeyes667 Just report it to your local Council. When landlord faces thousands of pounds Council fine - it changes the priorities. Got that situation, after council intervention, new boiler fitted in a week after months of chasing landlord. Can't believe so many native English people don't know basic laws.
As a landlord it's giving me ideas of what I can get away with..
If your landlord feels comfortable asking you for money then you should feel comfortable asking them for a livable housing situations and repairs.
Renting conditions in London are pathetic. I am shocked that British renters have no recourse if they complain about poor living conditions. It should be against the law for landlords to evict their tenants for merely complaining about squalid living conditions. I do not understand why the UK Government cannot or will not shut these landlords down and not allow them to rent substandard properties until they make these things right. These landlords should be prosecuted and given stiff fines to make it more beneficial for the landlord to repair these properties than to face the fines imposed.
For a country that will prosecute someone for making a derogatory post about something or someone on social media and/or prohibit someone from coming into their country because of a derogatory post, the UK Government seems to have an indifferent attitude towards people who want to live in affordable and decent housing as if it is the renters problem and not the landlord. Something is wrong with the priorities of the politicians in the UK.
well, the thing is that the majority of politicians are landlords, so they want the law and power to be on their side...
Of course they have recourse, the tenants rights are always greater than a landlords.The council can and would close these places down if tenants complained to the right people!
that's all the revenge evictions sorted then, all those Tory landlords will be sure to obey the law.
Hopefully the council will come down hard on them!
Most Tory MPs ARE FUCKING LANDLORDS. make more sense now?
This video is 4 years old and it's 2019 and the government didn't give a solution yet to the housing public emergency in London. Crazy
They don’t want to.
Sounds like you’re part of the population problem Julio Graziano
The solution is already there...don't live in London! London is a residence for celebrities, immigrants that fiddled the mortgage system, and that's about it. Everyone else is fodder.
There is a law now that forces landlords to make their properties livable for tenants. So it did change thankfully after long as time.
"I want to live affordably and central" Yeh, so does everyone else mate. Thats why flats are expensive in the centre and cheaper the further out you get.
Just leave London. The world is huge.
London not the problem dont see how out of london any better.. social housing is the way to go.. but hard to get these days .. my partner rent is 119 per week one bed in london . My rent was 20 in council home but I refuse to live with gangs around so I left
There's no place like London
This is so common all over Europe nowadays ....
@Pete EU It becomes more and more common every year. If you know what I mean...
Not really Europe. Over the pond, and here in southeast asia too.
Spains property ownership is 73%. The French and Germans are closer to the UK with 43% and 41% home ownership respectively.
@@lucasmoreno5330 It is 73% because most young people live with their parents because they can't afford their rent. French and Germans (especially) have lower rents, higher salaries, so they can afford to move out. Here in Milan salaries are on average 1.2k€ net/ month (some earn 1000 and others 1500, too). Rent for a tiny one bedroom apartment, at least 850€.
Same in Asia and America.
I volunteered as a Homesharer in London. You give company and companionship and light housework and chores for the elderly person that you live with but can still go to work or study during the day. You just help a bit and live rent free otherwise. Its great for the older person and for you. I stayed in Hampstead Garden Suburb in a lovely house with a garden. It was fantastic. There are locations in Chelsea, where the office of Homeshare was located and all around London. I would highly recommend this as a solution and great way to save.
I do this now in NYC ❤😊 im working as a professional ballroom dancer/instructor in the city.
I cant just move away, right now. 😢
They matched me with a retired ballerina which is pretty sweet. So I keep the place tidy, and keep her company.
Sometimes, i will ask her to sit and observe/critique my ballet lessons, and she goes from being 80 to like 55 again ❤🩰
We built affordable housing decades ago.
The tories sold it all and had it redeveloped. Interest rates have been approximately zero, driving an aggressive culture of corporate mergers and acquisitions.
We could have been improving infrastructure and amenities in the UK since the '80s, instead of turning UK culture into an exploitative corporate Disneyland.
Renting is precarious for any age. It's actually worse for someone older whose mobility and health is not the best.
Sandra Benham I agree totally
Sandra Benham what about for young people?
You have to admit that a younger person can cope with the toll of moving and can share or live with family, but an older person does not have the resilience as a younger person might. It's not that I don't have empathy for the younger ones. Ace Kid do what you can to work, save and buy something even if it isn't your ideal place of residence. It will be a start. All the best.
At least there is housing benefit if you rent
So sad. Crazy how housing is so expensive in London. I used to pay 25p a week for a nice 1 bedroom split Victorian in Kilburn back in 1988. So messed up.
I'd happily pay 200 a month to live in old police station.
Even in a cell?
Stephen Riley yep
No way. I like my own apartment. It's not large, but it's my own, private space and well maintained.
Claudia Carlsen apartment apartment .. apartment .. no Claudia I want the old cell in the big house so as I can think straighter than I normally do ..
Sarcasm is the lowest form of wit.
Nothing has changed, in fact its worse now. I live in California, nothing different here.
@Chadwicked B Kinda hard when I live alone, 2500 miles away from my parents...
In Michigan, my 23 year old son has 2 bachelor degrees and makes less than I did starting out with a trade. Also, rent is unreal in SE Michigan, it will be 50% take home pay, then student loans suck up a lot. My oldest lived with family off and on until 27. Household income needs to be at least 100,000 a year to be lower middle class these days.
I feel for ya but jesus! You have a great opportunity to save. How many kids do not have a generous mother with a house?
@Victor O'Rourke,
Besides the mention of Jesus Christ, I say, Hear! HEAR!!! :) Those who can live rent-free or via paying very little are incredibly fortunate! Some of us have been on our own since literal childhood. Count your life blessings and unless they are abusive or too nosey, try to find a way to make it work for you. :)
Not everyone want the additional cost of the own
Victor O'Rourke Thank you! In Africa and traditional cultures, no-one thinks of leaving home until they are going to get married and there is no shame whatsoever. that is part of the culture. It's only in the Western World they go to war with their family about 'independence' or the reverse people's parents throwing them out!
I'm very surprised that landlords can abuse their tenants in the UK. Here in Canada landlords can't just kick you out and they can be forced to make repairs or their rent can be held back in certain situations.
Now the law changed and it pretty much forces landlord to have their properties to be livable for tenants.
Yes the flat looks bad however there’s no need to leave it like a dump
Britain is turning into a 3rd world country when it comes to living standards for the most of us. I work in corporate relocation's and people are leaving in their droves while Asylum seekers are entering in record numbers. Something seriously wrong here.
+huntthewild I live in Britain and recently travelled across Australia. I don't think I would have agreed with you before my trip but compared to Australia, living in Britain is like living in dirty slums (generally speaking).
This is happening for a few reasons: 1. Brits as an aggregate are over valued. This countries doesn't make anything of value, so a correction is happening. 2 Banks are printing money resulting in inflation( look up inflation tax) A vile cowardly form of taxation. Then they use that money put in the housing market for speculation, resulting on regular folk not being able to afford it. We are feeding off he past and the future to pay for the present.
Very well said. In the last 12 months all the international moves(British families immigrating) we have undertaken were for professional native British people. Doctors, architects, engineers etc, are leaving the UK. They can see what is coming. The UK government is clearly losing a grip on the situation here. Thousands of tax payers fleeing every year when thousands of immigrants come here to live on benefits.
Gerald Davis we had the empire, I am enjoying retirement
the youth are plain lazy
These days hard work taxed and regulated. Laziness is much easier then in your days. I am sure when you was a boy Magadrive and Nintendo games was £30-20 a pop. Now days there are thousands of games for less then £4. And naturally we have more music and movies for entertainment also. Also naturally, there is a money transfer from the rich and old to the poor and young.
fuming I'm in exact same situation, affordable housing should be a law and landlords should be forced to stop raising rents for small cramped spaces. 😡
+steve harris The rich are buying up the housing stock and the leasing back to the poorer, passing on nothing to their children. You will find that the rich do not want these people to buy a house/flat as it benefits them so much.
steve harris
The BBC is partly too blame. Greed by the middle and rich is now rampant and the MPs are in on it. The bastard MP are working to set up laws to make the rich richer and richer and the young are too busy looking at their phones to even notice.
The zionist rothchild bank of england own the whole game!
i can feel you, but as a landlord on our end it isn't easy either, most of the rent goes into the morgage and upkeep, so in the end only about 10% of the rent goes to the landlord
Dont pay and use your 6 month squatters right
If you live with your parents and still can't save money, you're doing something terribly wrong!
Most of those my age at home have a really nice car, really nice teeth and really nice clothes. Priorities
@@MatthewChapmanYT okay but teeth should be your number 1 priority, or at least in the top three
@@Andrea-ss2jl no such thing as an nhs dentist:.
Private dentistry is crippling…
Get basic work done overseas…
Would I rather save £300 twice a year or have my teeth whitened like a celebrity…
Rather save the extra !
The answer is obvious, and works in many other European countries: a maximum rent plus proper regulation and policing of landlords and properties. The problem here is that there are too many MPs with extensive and lucrative property portfolios.
Maximum rents don't work. Maximum rents cause a contraction of supply and an expansion of demand, creating a shortage. They also decrease the producer surplus for affordable/low-income housing, encouraging the production of higher end housing. This doesn't solve the problem; it merely exacerbates it.
@@MrtrollfaceizationSo why were the fair rent tribunals stopped by Thatcher in 1984? They were fair to both parties.
This is depressing. I remember I was staying with my Aunt but she ended up selling her house and even though I was working I didn't have a place to stay because I couldn't afford it. I am a bit weird so no one was willing to share a place with me. I ended up sleeping in a tent in the woods.
Did you encounter any teddy bears in the woods?
fuck the system i walk around around like conan at 240lbs in shape!
+KEKKER TM what supermarket l wouldnt mind an lsd donut it would take me back to my party days
The stop being weird! Simple.
@@mircat28 wtf? what kind of advice is that lol
Not sure what the problem is with tiny houses. They're the only viable option in London and if they were to be built they would be insanely popular among people in my age range who are working and living social lives anyway.
With the opportunity to buy comes the opportunity to move onto bigger and better homes, freeing up the tiny houses for people who need them.
KitKat PaddyWack I agree but unfortunately it is the value of the land and not the actual dwelling themselves.
I am tiny. I wouldn't mind a tiny house! I wish they would introduce some of these in my area (and not keep them just for social housing). I would be very happy with all the basics covered.
+KitKat PaddyWack The rich are getting rich off the housing shortage and people like you. The land is kept unavailable and out of reach deliberately.
KitKat PaddyWack no party's an disturbing the neighborhood OK sweet pea . unless you are powerless doing so
KitKat PaddyWack they need to knock down all them nature parks in London and build some tract housing. 3 beds 2 baths 2 car garages. And build them affordably. This would at the very least allow the Millennials to buy the cramped old British Houses
It's a travesty mate. I'm in the Same boat, 3 uni degrees, full time job and I can't afford my own house, yet scroungers who haven't worked a day in their life are masters of tidy council houses that they bought at discount. The system is fuc*ed up to say the least.
>lives with friend for 15 months to save money
>spends it on holiday
No wonder millennials can't afford fucking houses
@SaltyBrains Yes, says a lot about how brainwashed we have become about consumerism. medium.com/@alee250485/why-are-we-paying-income-tax-twice-92d264bd9d3f
My thoughts exactly.
Pfft, in my town it costs like a hundred grand to get a one bedroom flat in a tower block and a good working class wage is about 16-21k a year. For first jobs expect 13k... And you gotta eat... And buy train tickets...
What is the point of saving if by the time you would have saved the inflation would have took it all?
Work needs to be done? It needs to be demolished.
A lot of this is the realisation of growing up and expectations. Me and my husband have always been on a very low income. Managed to leave home renting and then bought a house and by 40 no longer had a mortgage. Its not having coffee from the shop, not meeting up with friends for a meal out every week, repairing clothing, cars, phone's and electrical items yourself. Take a flask, take a packed lunch, have a picnic with friends, visit free attractions with them, learn to sew and cook. Start the electrical repairs with replacing fuses and plugs.
We know so many people who have an income more than twice ours who complain about not having stuff but its a mindset. Working on getting a home etc includes more work than the 9-5 job.
Today many have almost nothing after rent is paid. You didn't state when you bought. There was a time you could buy a home on 2 lower incomes, with a little
sacrificing. Not anymore. But the government can build smaller apt's and sell them at cost with a longer period to pay back the $$$$. Like 40-50 years.
I think it's that the gov't doesn't care. Most of those in power have lots of money.
Over the years, I have become accustomed to living in smaller and smaller apartments. Now I am renting a 20 square meter studio. I'm actually happy with it. What I found is that even smaller apartments work, provided they are well structured and make effective use of the space. Unfortunately, what I have also found is that reduced space doesn't equate to lower prices, not when you are unwilling to share living space with others at least.
Meanwhile the housing in the country side is cheap and affordable.
It's all bout the urbanization from the pressure to find a suitable job, or just because you want to live in the city.
epSos.de exactly it’s because they want to live in places with high property value. Go to smaller towns and you’ll get a two bedroomed house for 70k in some. Cases you’ll even get a small 1 bedroomed flat for 50k
No really. I live in Hitchin. One an a half hour drive to London on a good day. I pay 800 pounds in rent. I live in a 1 bedroom terraced.
@@Jojohumf I don't know where you are from but here in Canada moving outside Toronto means you will find houses for 1/4 the price but your job will pay you 1/6 of what you make in Toronto...
It's not about wanting to live in a big city... the supply of jobs is higher on big cities.
You can move to a small town find a job and still be struggling to pay rent even if its much cheaper..
If the solution was as easy as just moving one or two hours away, there would be a mass exodus of people...
Most young people end up like the guy on this video commuting for hours to get a decent salary...
This won't go away because the rich treat houses like a commodity and an investment and most politicians have their own real estate investments so they won't tackle the issue.
My husband and I (both in late 20’s ) have made big sacrifices and manage to purchase house in suburbs of London but it does mean that my husband has to travel atleast 3 hours everyday to and from work . I decide to leave my London job and after 6 months I am still searching for job around my area .
The best resolution to solve this London house problem is to create more jobs outside London
Work from home if you can is best.
Renting crappy, leaky houses, condo's, basements when you start adult life gives you an appreciation of reality, eventually things get better and you have precious memories.
the daily commute is a grind
I love the Y cube idea.
Bet it would not even be allowed. The supply would never meet demand. My landlord has just passed away so i may have to move back in with parents
I'm not gonna lie, it's a khryuschevka but with aesthetics
Don’t live in such expensive areas, what’s so good about London! Brighton is notoriously expensive as well! Where I live in Worcester you can be in a house share for £200 a month, or a 2 bed house for £700. House prices for a 3 bedroom house are £200k. Get out of the London bubble!
Funny, because if they fixed the flat in Brighton up, it would be out of her price bracket by a LOT, so yeah. Catch 22.
Exactly what I thought. The pathetic landlord would take all their reovations and say "Now I can offer this flat for twice as much!"
How is my man living with his parents, working full time, and not able to save for a deposit? 🤔
Zero sympathy i am only slightly jealous he does not have to pay full whack on the rent
If it’s tough for uni graduates imagine what it’s like for someone who just has GCSE’s , not everyone has a academic mind
And where there’s muck there’s money …think about it 🎉
The first apartment OMG.
I don't blame it on immigration but rather on ourselves. We choose the politicians who support those Indian landlords who rip us off any decency. I mean, I study university and work hard for what? to give up half of my income to rent?
+George-Alexandru Popa The tax payer is buying houses for the rich in many cases, it is as simple as that.
Immigrate to the United States. We certainly have our share of problems here. However, I own a three bedroom 2 bath home on 3/4 of an acre located in a suburb of a large metropolitan city. My mortgage is $750 a month. If you cannot immigrate to the U.S. because (1) you simply don't want to immigrate here, (2) or you are not allowed to immigrate. Maybe another alternative would be to relocate to a small village near a larger city in the UK away from London if you are able. There is no way I would pay money to live in a ramshackle flat with major repair problems that a landlord would not fix only to be evicted for complaining. It is a health hazard. God help the younger generation in the UK.
+Bonnie Vandergriff The younger generation are going to be paying for the lifestyles and retirement of the rich. The housing crisis is designed to make more money for the rich and empower them over a poorer and disabled group who cannot get out of the trap. The tax payer will foot the housing benefit bill which is escalating dramatically, along with tenants who cannot afford or are allowed to even have a pet". The lord can pass o information to others, and has some access to gain entry to their property which is very degrading, and an affront to privacy.
Tenants will never retire, and so pass on nothing to pass on to their children, and there will be widespread economic and social consequences too. Who would even bother ton save for a retirement that is not going to happen? Other cultures in the UK are simply paid to have as many children as they choose knowing that the tax payer will pay for them all.
Money will be taken direct from wages to try and stop the economic carnage this coming; again the poorer will suffer.
30 or more % of MPs are into the property leasing scam using the banks bailout for loans for these properties. Further more, the house prices will again rise as the BTL buyers can pay over the odds as they know the tax payer will foot the bill anyway.
A lack of social housing where the tenant can buy the property as they pay the rent is needed. The people who own land are also to blame as the cost of a kit home is so low eg 30,000 pounds but where do you put them?
I worked in the building trade myself for many years.
George-Alexandru Popa the politions live in a other world they don't care.
+Popa: A Greek complaining about immigration in the UK... Jesus wept.
12 months bed sharing?? This 'sharing economy' marketplace has gone banana!
Leave the area! I spent my life living in the Greater London area and it was always impossible to think about buying. Now i live in Dorset and I'm saving and its much better.
Tiny spaces for me are amazing. It makes me more mindful of my lifestyle, and I've become less wasteful and less of a clutterbug.
More efficient to heat but can feel a bit enclosed I imagine
Why would anyone want to rent in London? Awful place.
Extremely high paid work often 1.5-2x higher than the rest of the country
London is a shithole! Even the air you breath is stink
I can't contemplate why anyone would live in any city. Soon as turned 18 i bounced to the sticks.
Even drive through a city now makes me want to carpet bomb it.
Living like rats in a maze ain't natural.
@@avancalledrupert5130 Oh there's many reasons. For many it's the simple fact that there are work opportunities in cities that don't exist in the boonies. Someone with say a degree in engineering, physics et.al. isn't going to find many opportunities for work in Bumfuck, Nowhere, in comparison with most cities.
For others it's the reversal of your situation. People might want to come to a place where most other acquantances and services are less than 10km away.
@@user-kb8rc5vq2i its not 10km is it lol.
Its not the fucking Australian outback . You never more than 3 miles from a vilage .
A city is never more than 30 minutes drive away just comute if you have to.
But fuck living in one never again.
Just keep saving and don’t have children.
It's 2019 and I'm basically just going to assume that my now young children will live with me until I die.
Are you Transgender
@@ijustdidahugeshit good question?
@@katierose1893 Yes it is
@@ijustdidahugeshit well congratu- frickin' lations! Here's a virtual award for the best question ever ---> ¥
@@katierose1893 I am a qualified lesbian
I know it's not their property, but would it kill them to buy a box of polyfilla and patch up those cracks?
That is, unless they felt the landlord would then charge them more to live in the (now) nicer flat
Benjamin Gallagher - In the UK, your not allowed to fix up the homes, it’s against the contractural. I studied there for a year, and wanted to fix up the house- and they wouldn’t allow me, even though it would have been a big improvement. It’s crazy!
Apparently cleaning is not allowed either. :D oh c'mon...
Calm doon son
I didn't say they should *have* to. But, a box of polyfilla costs two quid. If it's that intolerable, and the landlord that incompetent, you just would. I can only come to the conclusion they're too lazy, and too thick to know how. :')
I would at least get a couple cans of flex seal and take a shot at the leaks. It doesn't matter what it looks like, but the mold is a serious issue.
Benjamin Gallagher
As long as the Landlord pays a fortune.
I would never rent a property in the U.K. The amount of stories I am aware of concerning trying to get rid of tenants that don't par or cause probs, the cost to get them out, length of time to get the order to remove them not to mention the money you will never get back from lost payment and often damage to your property you will never get back means the cons certainly outweigh the pros. I am just glad they changed the law so that now when you go on holiday and have people just move in to your own property now gives you more power. We need to get our priorities right in the UK. We seem to live behind the times with our Royal family which makes the majority of British proud, yet our UK laws are either lacking or in an urgent need of updating or improving and the time it takes go evict tenants takes far too long. When buying a property got the first time, U.K. Law means owners can change their mind whenever they want so potential buyers can lose out as well. I think some other countries laugh at us although I realise some countries are worse.and will always be worse, I think we need to stop thinking Britain is so great as a country to live.
I just watched a documentary where tenants stole a three grand cooker. Owner called police and they told her due to insufficient evidence the case had to be dropped. Amazing. What sort of evidence do you need police? The tenants leave the property and stuff like the cooker was missing. Seems pretty straight forward to me. The most hilarious though was a couple living in rented accommodation growing cannabis in the attic. She had the key under her pillow. They let them off due to lack of evidence. Now, that really made me laugh. Crime does not pay? In the U.K. I think you can argue with that one. There was another case when a landlord changed the locks to get tenants out. The tenants sued for 45k. The uk and property side of things is scary.. laws in the UK make it scary.
There won't be any more tenants thanks to brexit. Anyone with IQ or money will be leaving the country.
I'm actually giving up on life because I'll probably never own a 1930s Bungalow. Depressing that people actually live in the dumps in this video... I'd probably kill myself.
Stop playing the victim role. You work hard for the things that you want. If you can't afford to rent in London then move out of the city to cheaper areas outside London.
VuduEyes Sorry, but once you've tasted beef tenderloin, you'll never eat chuck steak again.
ok then stop complaining and deal with it. if you like it so why you play the victim idiot. looser.
That's a pretty bad attitude if you consider there's cheap housing all over the UK.
....just not in London.
But I hope that surprises a grand total of zero people.
pitsaria poueskise To be honest, you're the one who seems to be playing the victim. Not my fault your job market doesn't entice me with its low wages, but I have other options. That's the free market. Sorry that you have no other choices. When they want to pay a living wage, I'll be there.
The MPs should been held to account for this disaster.
LOCALS who SOLD their house to investors for higher prices SHOULD BEEN HELD accountable for their ACTIONS.
Start WITH YOURSELF.
@@nntflow7058 councils who sold off council housing on mass for a quick buck should be held to account. Put the whole rental housing market in the hands of private landlords who can slowly demand higher and higher monthly rates for renting these properties because the alternative, council housing at reasonable rents, are gone.
He's definitely trying to talk like will of the inbetweeners, or else he's a cousin. 😂😂😂
😆
Brilliant documentary.
'It's much more expensive to rent than owning a house now.'
I'm not sure what your rent is. If that house is 200k overpriced, that's expensive to me.
Solution A : Slum land lord.
Solution B: Live in a box.
More or less the same situation here 31 and still living with my parents. Every other option financially makes absolutely no sense and would make me a LOT worse off.
If you're living with your parents at 31 you should have a good 10 years of savings, presumably rent free, which is plenty for a deposit.
I'm 34, parents both died when I was a teenager. No inheritance, no other family. Moved to London, paid between £600-£900 a month for a room like most people. I worked 3 jobs, saved, and now own my own flat in zone 5 with a 45% deposit. All without the luxury of living with my parents.
And before you say it...my main salary is only 30k.
@@jenjones90 people that live with their parents at that age have no savings and simply waiting for inheritance
What i did is bought the smallest house in my city Sacramento California and then fixed it up. I was 28 am 33.
And I thought an hours worth of a commute to and from Brighton was too much.
What Tim is saying at 5:29 is what I've been saying is needed in Toronto, too. No one seems interested in addressing this huge gap in the market. I would love a Y-cube for myself.
6:50 "Why should we be the generation that's forced to live in tiny houses?" There's so much wrong this this line of questioning. People (tiny home movement supporters, minimalists etc.) are starting to realize that bigger isn't necessarily better: bigger means spending more money to furnish, more time cleaning, higher heating and cooling costs etc.
I'm young, saved up living with my parents until the age of 24. Bought my own house, now sold it and am living in a joint house with my partner. You want to be able to afford things, move outside of the big city. Get up, and move.
We don't want to live in Kidderminster or wherever the hell you're from
@@AH-hz5xc well that's the sacrifice you gotta make I guess
I did it without living with my parents and in London on an average salary...but yes, people need to work harder and not go for bottomless brunch 4 times a month.
Why do people feel they have a right to live somewhere they can't afford? I'm sure there are affordable housing options elsewhere in the UK.
I rented a room in brighton for 400 and it was really nice. It was 3 people in 4 bedrooms, 2 baths, a shared living room, and kitchen. Everyone was mostly tidy and quiet, my bedroom was huge, and the house was in decent shape. We had a nice private landlady who was super helpful, and I don't have anything negative to say about it. Before that I was in another shared house, also in great condition. I don't think this guy is looking hard enough. There's plenty of perfectly decent HMO housing in Brighton, and every year loads of students leave so loads of rooms become available. He's only looking for a posh private flat for a very low price, which is totally unreasonable.
you dont need to live in London you can live in wales a lot cheaper and lots of work ! forget the southerner lifestyle live by your means.
this is what i did bought a house a live like a king!!!! Love Wales
where is this office for £300 a month?! i want one
Single adults struggle to maintain a household on one income. At least 2 incomes are needed to reasonably sustain a home.
It is the countries fault... This is an issue of the destruction of tenant rights, and the ever increasing greed of a country which has fallen from grace.
The people should be in the streets instead of making placating documentaries for young people.
P.S. Y cube is not an answer, we build houses and flats for the reason of the economic and efficient benefits... Y cube is as inefficient as it comes, and also temporary.
@SaltyBrains you can't say it's the tenants fault if they want basic repairs done to the building. All properties should at least meet the legal requirement. That shouldn't increase the rent at all don't see why that should do.
I wanted to work in the UK but the main reason for not coming was the renting conditions. I didn't want to have 6 housemates and living in a hole. At least, in my home country, I got to move out 3 months after getting my first job, I live on my own, still manage to put money away in savings and my flat isn't the biggest but it's cozy, it's in an old building but it was renovated, and if I need something fixed, my landlord sends his handyman over to fix it at no cost !
A very easy solution to this problem is to create and enforce a law where you cannot own a property unless you are living in it. All the rented accomodation will therefore have to go onto the martket and housing will becom more affordable.
Then what about the millions of undeveloped property that don't meet the minimum living standards for private letting? Who is going to repair those houses and make them available to live it if you can't own a property unless you live in it? Millions of houses will go unlived in and millions of people renting those homes would be homeless! You really are a stupid bastard aren't you? You know fuck all!
+ Joe Bloggs
The BTL parasites are making a fortune out of this, and the tax payer will pick up the bill.
+John Kyon This can be fixed, and people buying up properties appear to manage. Some paint and some work fixes may properties and learning some skills also sorts out a great deal.
Installing heating an the rest is not rocket science, (ex builder).
or emigrate
So kick all the renters out until they can afford to buy a house or condo?
The landlords are from the third world so expect high rent and slum standards.
Most "British" landlords tend to be tight but fair with tenant's.
People feel no empathy for other races when times are hard. We form tribes in an attempt to survive.
Brexit and key people are leaving the UK in part because of housing price greed.
I just finished Uni and myself and friends all saying so we took on 50k of debt working 9-5 in professional jobs and can’t afford to leave home while other people left school got pregnant and has a house on the council while not even working. The whole system is backwards and all of us with a education and work ethic are looking to emigrate to countries that that value skills like engineering and medicine. Ones they decide to do anything about the situation I believe it will be too late for the country to recover.
1:48 I went to a house viewing to that place a month ago. It is now £600 per month plus bills. It looks a tiny bit better but still really grim 🙃 We didn't get the place. Seemed to be very popular since there were so many groups viewing it at the same time.
the situation in Hong Kong is much worse.
Yes because King Kong lives there
While there are for sure problems with renting in London, it needs to be said that no-one is entitled to a large comfortable flat in central London - one of the most sought-after real estate markets in the entire world. Going out a few zones can find you great rooms for 500 - 600; finding your own flat isn't really something you should be expecting straight out of school unless you're earning well above average and are willing to spend a large chunk of your income on your rent.
Well my parents were able to get a flat in central-ish london (Kilburn) off of one retail job and no other help 30 years ago. Why can’t I?
I don't understand this, in the United States we have laws that require landlords to make Apartments habitable. If something goes wrong and the landlord refuses to fix it you have a legal right to not pay rent until they fix the problem and they can't kick you out else you can collect up to a years equivalent rent.
A law requiring landlords to provide habitable housing was voted down in UK parliament in 2016 :(
I would feel so ashamed if I was a landlord and had the nerve to rent such a shit apartment to anyone. Was there a time when people came right out of college and had enough earnings to rent their own apartment or buy a house? It seems normal to me (and I graduated from university in 1986) to live with your parents again or rent with a bunch of friends. I think it would be really cool to live in an old police station or care home. Cheap and a huge home!
UK population in 1986 was 56 million
UK population in 2024 is....68 million.
Let me guess ? You probably think immigration is good for the country...??
😂😂😂😂
It’s almost like the Philippines
This is a little misleading. There are many cities in England that are swamped with HMOs (house of multiple occupation) which are high quality and relatively affordable (Leeds for example 250-400 per month). I feel sorry for people London born and bread, but for those with the vocational flexibility there are many more affordable places where you can rent and save your money, choosing to live in one of the most expensive cities in Europe and then complaining about it isnt going to help.
This is total rubbish, you can rent rooms in london for £600 a month, this guy is just afraid to leave his parents house.
I was 25 when I bought my own house a few years ago in the Midlands. From my own hard earned money. It needed a bit of work doing but it’s now worth a lot more. Hang in there if you feel like you are not getting anywhere! Also, look at 5% products to get yourself on the ladder.
But now if your 25 after covid and inflated prices …
How much was your house when you brought it?
How much did you ewrn at 25 be honest! How much is the house worth now?
If he wants a house then save up a deposit, when saying he dosnt believe he should have to live in a smaller flat, he should save money up for a house instead of moaning and expecting stuff
Adam Johnston I agree!
Adam Johnston I think he wants to be a life long renter
If you have had a decent job for a number of years, it’s easy to get a mortgage and you only have to put 5% down. I got my first flat for 67k , I only had to put 3.5k down. Granted I don’t live in London, but I don’t buy the excuse that our generation can’t get on the property ladder. Just fucking move, the more people who love the better balanced the UK will become as a whole, the market will eventually follow.
I’m 25 btw, and just bought a house and I rent the flat out now.
The problem is everyone else is trying to do the same thing. At some point you get to far away from where you need to be. Often the cheaper houses are further away from the good jobs.
@@Kaa567 nicely done!
Tim seems to be a cool guy
0:23 only 23 seconds in and we get the first misleading statistic. "Private renters spend 43% of their income on rent but homeowners only spend 19% on a mortgage." The presenter suggest that "it's much more expensive to rent than owning a house now." The statistic does not at all suggest that it's much more expensive to rent because private renters and homeowners are two completely different socio-economic groups. It is much more likely that home owners simply have a much higher income than renters which should be completely obvious.
Living as a property guardian or in a house share is a great way of paying debt off or saving for a house. If in that time you blow your money on going out for meals often for example and buying nice clothes then how are you ever gonna break the cycle. Tough choices are needed and a bit of hardship for a period in order to get ahead in the longterm. Most people aren’t willing to make that choice therefore will always be poor or living month to month.
To be fair this whole article is very London/South centric. Rental and purchase prices are a lot different in the areas such as North Lincolnshire.
In my personal experience, a large amount of my friendship group (24-30YO) moan and moan about not having enough money to afford to live etc, but they waste so much money on shit. If confronted about it they respond with things like "I work hard I deserve some nice things", or "if I moved out of my parents house Id have no money for myself". Deal with it, thats life, money for yourself? Having a home you can be proud of, money in savings and not buying stupid shit is called being an adult. So yes I agree rent etc is very expensive, I look at my own house and laugh at how much it costs me, but thats life. A lot of these people don't budget and then scratch their head where their money is, and blame it on everyone else.
In some places in the UK working people can get lovely homes through some sort of a system
called SHARED OWNERSHIP LEASING. I don't live in the UK but one of my relatives has one. If you're interested check Google etc. for more info.
I heard bad things about shared ownership.
Sharing beds, living in tiny houses and disused offices.I think they are all bleeding bonkers.
And nowhere quiet to have sex
I live in Canada. What factors prevent someone from building cheaper accommodation that turns a profit?
Sick system - ask yourself what's really important in life. Look at minimalists - what do you really need?
In Minnesota if your landlord won't fix it you can and deduct the receipts on the material from the rent. My car window was broken by a vandal on his property and I had it repaired and sent him the receipt instead of the rent saying, I took care of this problem for him.
Good luck to that sleeping with your friend just get a house share in Harrow or Golders Green or somewhere else cheap (but low crime) £500-£550 a month all bills included with your own double bed in your own room
"Being kicked out at short notice" keeps being used against LandLords that Terminate tenancy agreement BUT this can be stopped by having/taking longer Tenancy agreements
I don´t understand why man young people still claim they are "middle class" when they can´t even afford proper housing anymore. People need to take a look at themself and admit that a normal job, median income dont buy much now a days! Most people in the western world is not middle class anymore as they think. I spend some time in England in the north and the poverty and amount of homeless i have not seen anything like it even in Spain or Greece. People need a reality check! The economy has reached it peak many years ago, our parents lived the economic boom and its been over for a long time. Go where there is opportunities would be my advice. Its not coming back so stop sit around and wait for it
Councils used to own an array of housed for rent many years ago. Margaret Thatcher, a former Prime Minister, made it her policy to sell off these rentals to the occupiers. Perhaps an unintentional result of this policy was that there were less houses available for rent, hence the shortage.
There are no opportunities in the UK. And people are not sure what other countries have opportunities
Thomas J Voss That is quite literally the definition of working class. Working to live, no progression.
England is one of the country with highest standard of living.The demand for property in England is increasing rapidly above the supply side.This factor makes the rental cost becoming more and more expensive.
all these problems always seem to come from middle class girls who have moved to London from the home counties.... they want to live in the best area and will be happy to share a room with someone in the 'trendy areas' than have their own place on the outskirts....
I know, they seem to make it sound like its impossible to live. Like even on min wage living in a house share of 4 it doesn't take all your wages away. I think these clowns are just spending all their money or something.
@@Ghost572 oh yea. fuck ppl for wanting to have silly things like a social life, a car, and not wanting to choose between food and keeping the power on
@@toreyfusky I don't think you've figured out the costs then, because its possible to have all of that. What do you think people don't pay enough that it comes down to choosing food or power LOL. It's like these people are in another dimension, I've worked on min wage and not ended up in that situation so I'm still not sure what their going on about, but if you want to live in a dream world np.
the house definitely needs renovation, but at the same time you can clearly see that they do not even clean it!
Your problem: went to uni - used 27k + living expenses in fees. There is your house deposit! BOOM
Big mystery solved
Message to anyone reading this :: unless the career your degree is meant to help you into pays enough to buy a home - Don't waste time doing it
Erm no
Student loans are exactly that, loans. you dont get the option 'go to university or have a deposit free' ... I went to university, and to afford going i got a loan. i cant go to a bank and say "can i have a mortgage? i've not gone to Uni so i can get a house instead". The issue is housing prices escalating far higher than the average mans salary. It is statistically proven that graduate jobs are on average far higher paying to jobs that do not require further education, so in going to University he has actually increased his chances of being able to buy a home. And as he claims himself he has a "good and stable job". so it is a career that helps to buy a home. (i do agree that some fields of study are not worth the time or money).
The issue this young man has is that he cannot be managing his money properly. I rent a property, in a capitol city. i earn a decent wage with my graduate job, and in the next year i should be able to secure my first property. (3 years saving total). So how this man cannot save enough without having to pay £1000 a month on housing and utility bills i do not understand. I dont earn a great deal but with some level of self control, saving for a property is not as bad as my fellow generation claim it to be. it just takes a little HARD WORK.
Add on - The disgusting rental property would look 100x better if the scruffy fuckers cleaned.
@@Flibbied you can start a business with that kind of money walk into a bank with 3 years accounts and a few 100k in the bank - so when you come out of Uni you are MINUS 27k MINUS the living expenses which could be anything -50k more? No ... Frickin ... WAY!
You can work and save for those 3 years instead - by then you'll have your deposit together and the experience to either ask for more money at work, or strike out on your own
@@MrOharaj With what kind of money? where you getting the money from? you don't need any money to go to uni, £0:00. You need alot of money to start a business. And without a graduate job, you'll hardly be saving enough to start a business. Especially if you're renting.
That's what i'm saying, you don't need any money to go to uni. The beauty of the UK further education system is it opens up further education to all. It used to be only the rich and upper class that had the opportunity. My Original post was simply trying to debunk the fact that you could get a house deposit as opposed to going to uni, it doesn't work like that.
I would also like to mention that when you apply for a mortgage the amount you can borrow depends on the amount you earn. So again i raise the point, the higher your earnings the more you can borrow, the easier you will find securing a mortgage.
John Brighton my plight? I am 34 and have my own business with no debts so doing just fine retirement is actually a realistic goal for me
Now I’ve retired I give my decorating services to people who need it for free. As long as we buy the cheapest materials, they’re often easy fixes. Like woodworking, tiling, replastering, dealing with mould, plumbing issues and so on.
You need to be less fussy! I rented in all sorts of expensive hazardous flats in London but I wouldn’t change any of that it brought be a huge amount of life experience. I was independent, hard working and broke! I struggled on because that’s what you have to do! It’s unfair of course but it’s out of our control there’s no point moaning about it no one cares. Focus on that end goal and you will get there, don’t expect it to be handed on a plate. It was only at 34 I was able to finally get a mortgage!
Eimear Sweeney good on you sweet pea .. although it wouldn't surprise me if now having a property you start getting other hurdles to go through
Eimear Sweeney mortgage equals paying for it until you die, especially in London
Eimear Sweeney stop complaining fuckface
{ Ace-Kid97 } not really you bellend , you just need to get a proper job
Its not possible to work and save on a single income in london. It barely meet ends with no saving. Just hand to mouth. I moved out of london to down south which is expensive but not like london. Me and my partner worked hard i worked with whatever jobs were available out. I trained and started new place. Managed our finances one salary for expense and other for saving. With trying to save as much as possible with no holidays and spare expenses. We finally managed to buy a house for ourself but with parents help in deposit. Now paying mortgage and same life work and pay for next how many years but yeah it least we r living in decent conditions and no landlord. Its tough for many these days in UK...