You are reading a single comment by @chrisbmx116 and its replies.
Click here to read the full conversation.
-
I can sympathise, especially as there is always a bit of secrecy around money in the UK.
From people I know, either...
- Get given a deposit by relatives, 5-6 figures
- Earn enough to save 5 figures each year
- Bought 10+ years ago
- Combo of all of the above.
National average income is 27k, London average is 47k, so you'd both need to be on 50K and have a 50-100K deposit to get a small terrace house in zone 3+.
- Get given a deposit by relatives, 5-6 figures
chrisbmx116-
Precisely! And there is quite a lot of well prepared hardworking people in London that do not get £50k because they work in sectors were salaries are just appalling. That’s another crisis in the making, when teachers, care workers, nurses… can’t afford anything decent
-
London average is 47k
Wait, what? I thought it’s about 33k.
I fall on the national average #norolexforme
frankohara
edscoble
Am I alone in feeling absolute and incoherent rage and despair at knowing I'll never be able to afford a decent house in the city I was born in? I'm really grateful to be on the housing ladder at all, and things will undoubtedly be worse for the younger generation, but I've found it genuinely debilitating recently. I see all these nice terraced Victorian terraced gaffs up for £500k plus and I'll never get close to being able to afford them. And I have a decent job. And a partner. And no kids.
I genuinely don't understand how people are able to afford those places.
EDIT: I know this is a bit out of character for this thread but I don't have many places to vent about this stuff and it'd be good to know if I'm not utterly alone on this.