to feel sick at the cost of this house in London?

[RavioliOnToast]

this house it is absolutely beautiful, but that is more or less my DH's salary in a year!!!

How on earth could anybody afford that?

Blind we live in the NE, his salary is actually 18k, I'm on zero hours at work so we don't manage we exist haha. We are -£500 into the overdraft every month and have had to borrow £6200 from a relative for the deposit on our new house. Things are all very up in the air atm, we've gotten a very nice little house for 62k and the mortgage is £237 pcm which is saving us £380ish a month to what we pay in rent now. I start my new job in July (20 hrs- probably around 7.50 per hour) I'm busy studying at the minute too. I want to start my ACCA in the new year so moving here will fund that for now, then hopefully I get a half decent job at the end of it and we can be earning more!

It's not an especially fancy house..

Ravioli

I wish you the very best of luck, you sound a sensible and hard working sort.- apologies for my thoughtless comment.

Ravioli we are NE too. We got an awful lot of house for our money. I really feel for people who have lives and work in the London region and have the housing struggles they have. It's easy to say 'move north' but uprooting kids, moving jobs, leaving family etc etc just aren't options for the majority.

The first one on this thread is lovely - the rest are a bit meh! Not my thing very interior decorated not actually nice. The people who rent these places are the same ones that fly a child to playdate in a helicoptor

Lol @ 'attending play dates in a helicopter.' Dd used to have a little friend (5 years old) who attended events with a nanny and a bodyguard. London has become very weird.

Lol bet it belongs to an mp or someone

If you want to feel really sick you rent this puppy in Park Lane for £282k per month! Yep over a quarter of a million for a 5 bed flat. Most expensive rental in London right now according to Zoopla

Or you could buy this 8 bed detached in Holland Park for a cool £50m

Pricing is insane no doubt about it, but I can't see the bubble bursting anytime soon.

This is absolutely disgusting when there are children who can't even afford breakfast in the morning and families drowning in the cold, dark of night trying to flee terror.

It makes me ashamed to be human. Who could live with themselves flinging that kind of money around for what is essentially just bricks and windows and pointless things?

Magrats our new house is ex council, it's really well built! It's so much nicer than the one were in now. Well in its own way it is, ours now is open plan and soulless.

Thank you Blind I just hope it all works out for us, my husband works so hard, does loads outside his job in hope of a promotion, he's constantly answering work emails and doing extra projects and his pitiful wage is just absolutely shit. But the way things are at the minute, I'm so grateful we have any income at all, albeit a shit one.

The insane price of housing is at the root of so many problems. It's crap.

For those of you in the NE (where I am originally from) asd you know the NE Is not without its expensive houses either www.rightmove.co.uk/property-for-sale/property-40200093.html and this one by the road where I grew up www.rightmove.co.uk/property-for-sale/property-51297097.html

Oh I know eustace. And there have been a couple of 7 figure properties sold just down the road from me. But London appears to have even 3 bed semis in a decent area going for those prices. I used to work for barristers and some of them had those sorts of properties.

10 years ago I sold my Fulham 1 bed flat for 230k, today its worth nearly 600k. I should have delayed moving

It's so scary though, how expensive houses are becoming. I'm concerned for my children.

I'm amazed that anyone who is not on benefits or is a millionaire can actually afford to live in London! There is another world away from the Capital.

Flaming
I know; it's a glorified paddling pool.

Eustace
Those properties look worth the money. They look like 3 million pound+ properties.

Do these
www.rightmove.co.uk/property-for-sale/property-58580180.html
www.rightmove.co.uk/property-for-sale/property-41022264.html

They're both beautiful Chaz

That first one is the kind of apartment I imagined myself to live in when I was younger.

Stugtank - couldn't have said better my myself.

Ravioli if I'm thinking of the right person I think you live in the same city as me. There's still some sensibly priced houses to buy in the NE but prices are definitely creeping up. Good luck with the house move and doing ACCA. I'm ACA (although I no longer practice) and it's a great qualification to have.

Just depends which bit of London those. Near us (outer London borough, zone 5) the big houses are the same prices as those in the North East I just linked to.

Even 30 years ago prices right in the middle of London were too expensive for most people.

This one is no less expensive than in Newcastle
www.rightmove.co.uk/property-for-sale/property-53868076.html

Everyone in London has a choice as to whether to live in the centre in a rabbit hutch (my daughter and husband bought right in the very centre, ex council flat) or out where I live and commute in. It's always been like that.

That's true Eustace. I guess though with a city the size of London 'outskirts' and 'reasonable commute' mean something different than to many of us living further North. When I worked in central Newcastle and lives in Whitley Bay I thought the commute was too much . Now I work from home and we live 5 mins from H'a office. Life of Riley. We are vey lucky.

Yes, I commuted from out here into London for many years and it took an hour each way even though it is not a huge number of miles although I work from home now so it's pretty easy - zero commute and nice for London.

I suppose the choice is London wages and a longish commute. Even out here my 20 something son is finding it hard to buy. It's about £280k for him to buy a small flat in say Chesham whereas the bouse my mother moved to as a child near Sunderland costs £50k today.