Poor people being priced out

[veggifriedbreakfast]

I live in East London and need to move, I currently rent a 2 bedroom flat. But, looking around now, for a 2 bedroom the minimal is £1400 a month up to £2000 for a 2 bed!!!

It seems to me that what is happening is that actually poor people are being priced out of London. I lived in Stratford and had to move out of there due to the market going up and now where I am again it's happening. How can people on lesser incomes afford this? I am now looking to having to uproot ds again and move even further out because of this. Aibu in thinking that this is a part of forcing the poorer people out of London?

If no one can afford to live where their parents live then what happens when the only people who can afford to live near where the jobs are are retired?

“Move further out” was a helpful argument twenty years ago when prices in Notting Hill were becoming unaffordable. Less so now when people have already moved further out and are already doing gruelling commutes and are still priced out. There comes a point when if you have to move any further out you can no longer physically get to work everyday. And long before you get to that point, the increased cost of commuting, childcare costs and sheer impact on your physical and mental health become prohibitive.

Something’s got to give.

I am very anti Brexit but I am starting to feel as though if it must happen, I hope the whole economy (including housing market) collapses, because it increasingly feels as though the only way to change things for the better is to smash everything up and start again.

Why should anyone have a right to anything? It's such a lazy and entitled attitude. Essential workers need to be given priority and help to live on site, because it's everybody's interest.
Apart from them, if you can't afford to live in a luxury area, then either you move, or you get a better job. Some people really believe they should be able to afford Buckingham Palace whilst working 10 hours a week.

If the prices were too high, and no one could afford or accept them, they would have to come down, it's very simple. As properties are snatched up before they are even advertised, , there's no lack of takers and no reason for the prices to drop.

What's wrong with moving? Most of us have to do it, there are not many people who can afford a decent size house as a first property. You move, you relocate, what's the big deal?

Why do people feel they are entitled to live in one property all their life is beyond me. If it belongs to you, fair enough, it's yours, but if you are renting, paying the bank back, then you probably will have to move.

It would be great if we could all find decent jobs in cheap and attractive areas of the UK. Sadly, it's not the case.

I feel more sorry for the people who have relocated in Europe, because it's cheaper but will be completely screwed because of Brexit. That was unexpected, and that's not fair.

but my entire family lives in Surrey/Kent. If I move further up, I won't be able to afford the travel to visit
if you pay less for your housing you will have the money to visit them

What a load of twaddle - lots of children have to move house to entirely new areas several times. They all survive. How do you think all the forces children get by? They aren't all snowflakes

Yet people who have had to move multiple times due to DV and landlord issues are told by social services that their constant moving is detrimental to the child who needs stability and security.

But then I grew up in the same "home" from 1 year old to adulthood. Grandma moved around a lot as her dad was forced and then her husband was, she says she hated it as she always was the new girl at school, lost friends etc

if you pay less for your housing you will have the money to visit them hmm

You don't know the full situation actually but thanks for the sound advice

Well hold on a minute as a Londoner for several generations I do think we have a right to live in London. It never ceases to amaze me that asylum seekers and refugees are housed in Kensington and Chelsea. As someone from South London you couldn’t even relocate to these boroughs if you lived in London, if you could not afford to live there. You worked in the West End etc but you didn’t live there.

I don't pay rent as I'm disbaled and cannot work atm so it's full housing benefit, so I wouldn't save any money to visit my family if I move up north, I would in fact just be adding more expense for travel. Yet I need to move north so that when I complete my therapy and am able to work again, I will be able to afford to live.

Anyway.

It took 10 pages before we had:

"I blame Brexit" and
" bloody foreigners coming over here taking our housing, our jobs etc"

I am not a tenant hater far from it. my point is that those of you living in the London bubble need to get out a bit more and see how the other 99% of the land mass live.

user1457017537 No, you absolutely do not have any right to live in a particular part of London. You have a right to a home and you have a right to family life and you should have a right to access employment. what you don't have is a right to choose to live in a particular street in a particular town. No one does.

We need a massive rethink of housing and we need radical action.

You know what, say you’re from London and people get so arsey. We’ve no right to live here apparently, even though our lives are here. Where else in the country would people get that? Nowhere.

You have a right to a home and you have a right to family life and you should have a right to access employment. what you don't have is a right to choose to live in a particular street in a particular town. No one does.

Mmhmm, but no one is complaining about that.

They’re complaining about vast swathes of the country becoming unaffordable even for people Witt decent incomes. That is a problem, no matter how much certain people who probably got on the property ladder years ago like to pretend it isn’t.

My point is why House refugees and asylum seekers in these boroughs? I am not saying I have the right to live in that part of London but it’s not fair to working people and people who commute to have to live miles away. What I am saying is that areas of London were always prohibitively expensive for normal people and were therefore unaffordable.

user, it’s not refugees and asylum seekers who make London unaffordable for you, it’s Russian oligarchs and Chinese investors.

Don’t fall into the trap of blaming people with even less luck in life than you. That’s exactly what the elites want you to do.

its always been like that though. certainly from the 1980s on.

As properties are snatched up before they are even advertised, , there's no lack of takers and no reason for the prices to drop.

Yes, but the reason that most of those properties are snapped up before they're even completed is because of foreign buyers investing in the London market. There was a huge great building that went up in Lambeth last year and apparently most of the flats in it were bought by Chinese investors. That is why people who actually live and work in London can't afford to buy anything - because the powers that be allow this kind of shit to happen. Who owns most of the really expensive property in London? Not Londoners, or even Brits. People from Russia, the Middle East, you name it. That's what drives the crazy London prices and until the government is prepared to change that and stop London property from being a safe place for foreigners to invest their money (legit or ill-gotten), it won't change.

It's called supply and demand. All big global cities are exactly the same. Get used to it...

but the reason that most of those properties are snapped up before they're even completed is because of foreign buyers investing in the London market.

there's some truth in there of course, but when you look at rental properties -snatched up before you have a chance to even view them, rich foreigners are not really the culprits.

It looks like some people think it's their human right to own a property on a certain street, but also of a certain size! They could afford something smaller a bit further, or house share, but that's out of the question.

I do love the attacks against foreigners on this thread, people were not that bothered when they were buying holiday homes abroad or even renting them on holiday - air bnb and so on - and pricing out the locals.

As a businesswoman I understand supply and demand and global investment. For what it’s worth I’m quite happy where I am.
However, I remember being on a flight once and a passenger mentioning that you were not allowed to purchase property in certain parts of Germany if you were not German. I believe India is also doing this now. Foreign cultures pool their money and resources to enable them to purchase property and I believe that is what British people will have to do in future.

If everyone "moves North" there will be even fewer decent jobs and the prices here will skyrocket. It's not a solution.

I used to love London but I hate it now. When I was young I lived centrally, as did all my friends. I had friends in Kensington, Westbourne Park,, Waterloo. All over. Some "rich" areas are like ghost towns now with only a load of half empty houses and the council estates left. Theres no social mobility at all anymore. It makes me sad.

I believe you can't buy properties in Jersey already.

You never could unless you were a millionaire. I think in the 60s and 70s anyway.

Exactly, 'poor people' have never been able to afford London.

You surely can't think this is true Barbara? When has London ever not had poor people living there? Housing benefit being a fairly recent development, most of them haven't been paying for themselves.

So is the proposal that due to chance of birth, a certain group of people should have a right to cheap housing in the richest city in the world?

How unequal would that be, talk about privileged wanting to pull the ladder up and keeping northerners out of their shining city of opulence.

ifnot
This is what’s happened already. I described upthread the push out had meant that whole deaths of the south is now unaffordable for people on an average wage. The area I described goes from oxford across to luton to Colchester and down to the coast. It’s basingstoke, just creeping into Swindon now. One poster up thread mentioned York!
The chant of “move out of London” is loud and clear, it’s happened and now the locals of those areas can’t afford to live anywhere near their work/family/friends/kids schools. So they move, pushing those locals out. It is not a sustainable solution. That’s before you’ve dealt with the emotional impact and cost to society of extra care for the elderly as family are miles away.

"Buy-to-let has skewed housing market and must be curbed, says thinktank"

www.theguardian.com/society/2018/jun/25/home-ownership-out-of-reach-for-2-million-uk-families-says-thinktank

topcat, I know the thread has moved on, but that’s an outright lie. The banks were deregulated by Labour according to, er, Gordon Brown no less.

www.google.co.uk/amp/s/www.standard.co.uk/news/politics/gordon-brown-i-was-wrong-to-free-banks-from-regulation-6458802.html%3famp

Plus population fell until 1991 and then had an extremely small rise until after 1997 when it grew rapidly but Labour didn’t fucking bother building any new housing even though they knew it was happening because they wanted a housing boom to hide the fact they had no real ideas for the economy and were fucking industry over far worse than Thatcher ever did.

Why tell such an easily exposable lie?