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?

London is a world city and highly covetable place to live and work.

This scenario is not unique to London. It’s the same in New York, Sydney, Paris... I could go on and on.

It’s life. Move on.

It’s not austerity. I grew up in London. Pre 1997 housing in London was plentiful and affordable. Labour deregulated the banks they lent irresponsibility and a deliberately increased population sent up demand which rocketed house prices and allowed an economy with no real substance to flourish on the back of debt. The rocketing house prices also made it attractive for foreign investors and BTL.

Of all the people I grew up with in London only about a dozen of them are left, either because they are very wealthy or got a council house pre-2000.

This is really not something you can lie at the Tories door because Labour did it, they knew it was happening and didn’t give a shiny shit.

I left in 2002 and if you’re still there then you’re doing well, most people were priced out long ago.

Lifebeginner - I view the people who think that they have some god given right to be able to live where they grew up in the same way that I view people who think that they should always be able to park on the bit of the public highway right outside their house!

No one has a right to live in one particular place just because their parents live/lived there. that is quite frankly absurd.

People have to use common sense. they have to weigh up costs and income.

if this government or any other was serious about this issue it would start offering subsidies - huge ones, tax breaks the lot - to companies if they relocate out of London. it would stop Heathrow expansion and instead increase a run way in Scotland, Manchester Birmingham and Bristol.

redress the balance a bit so that the regions get a bigger slice of the cake and the property prices will go down in London.

So how would two adults struggle with that flat near Blackhorse Road?

Or this:

www.rightmove.co.uk/property-to-rent/property-65965891.html

Or this

www.rightmove.co.uk/property-to-rent/property-74042597.html

Oh but its Seven Sisters.

Or this in Dollis Hill?

www.rightmove.co.uk/property-to-rent/property-73785533.html

I understand how disappointing it is to not be able to live in London but I think we need to be sensible here. London is expensive because like other posters have mentioned demand for housing outstrips supply. Not everybody that wants to live in London can be housed hence some people are being priced out of the market. Even if you made rent more affordable, demand would still exceed supply and as it is unrealistic to think that a tonne of new housing stock is going to suddenly appear so there will always be people that want to live in London and other desirable locations that can't.

I think it's often interesting that people who have grown up in a desirable place or spent a lot of time there feel entitled to stay there. Of course I understand that their network of family and friends are there and why they are so keen to do this but why should they presume that they should have some kind of preference over housing versus someone that comes from a less desirable area but has worked hard in their career and earned a lot of money in order to move to a better area? I feel like little regard is given to these people but when you think about it when someone is priced out of London they are effectively leaving a vacancy for someone to fill that may be equally or more desperate to live there. Without people moving out of desirable but full to capacity locations there would be no ability for anyone else to get a chance to live there.

What about council houses? And housing association? Do they not have those in London?

Mellon - you're right, it isn't 'just' London, it's any part of the country where people want to live (or be seen to live). Houses and flats in York, where some of my children live, is stupid. My DD pays over £800 a month for a small two bed house. Yet my eldest son, who lives in Thirsk, pays £400 for a three bedroomed maisonette, with around double the floorspace of the tiny York house.

Leah's analysis is incorrect.

The Tories deregulated the banks.

London had a falling population till the late 80s and then it started to grow again. So the trend started well before Labour.

Its funny how some people are just so blinkered.

Absolutely. And to those few who think that it's just a matter of 'economics' and everyone should live where they can afford, who is going to nurse your sick child? Who is going to empty your rubbish/repair your streets? Who is going to teach your children? Who is going to serve you in your local shops? Probably not someone with the earning potential to live in or commute to most parts of London.

It's a pretty simple solution, it should cost far more to employ people in London than it is at the moment. Let employers suffer from shortages and they'll react in time with higher wages.

The market is not intent on cleansing London - people just taking the highest bidder on the stuff their selling. Much like everyone else (you, for example).

Sorry for the broken links!

www.rightmove.co.uk/property-to-rent/property-65847022.html

www.rightmove.co.uk/property-to-rent/property-54645087.html

This one’s lovely and the area is very nice (all in nice, family orientated areas)

www.rightmove.co.uk/property-to-rent/property-55027056.html

So Freudian whats the answer to private landlords? compulsory purchase all of their properties at a knock down price and turn it into social housing? How much tax revenue do you think that would lose? how would the banks cope if loans weren't repaid?

If there was more social housing - proper and targeted at the right people, not sub let and not under occupied - there would be no market for social landlords like there is now.

Lots of people I know in London aren't willing to compromise enough, lots of snobbery involved

So how are they inducing property owners to hand stuff over without more money, i.e. compromise?

_It's social engineering, a form of 'ethnic cleansing' in effect.

Ethnic cleansing? Hardly. It’s basic supply and demand.

*Lots of people I know in London aren't willing to compromise enough, lots of snobbery involved.

HTH yourself with your anecdotes.*

If 1980 is your birth year then you and most people you know are probably financially better off than the younger generation trying to make ends meet in London now.

Its not ethnic cleansing - calling it that is bloody offensive to the places in the world that have actually been ethnically cleansed.

its saying to some people "no, you cannot have what you want. "

No one has a birthright to live where they were born except of course the Royals and that's a whole different thread.

My nieces go to a school in North London, and at least 5 teachers have left in the last 2 years to move north as they can no longer afford to live in London on a teacher salary.

One's gone to Leicester, another to Nottingham, don't know about the others.

Greed - totally.

Lived in London for years, landlords are increasing rents by astonishing margins. There's also a horrible plan here to revamp our high street - in a crappy outer burb - to have Space NK and those types of shops. That's why all the flats they are building on every green space are twice or three times the current market rate for ours.

it is a deliberate attempt to have only the very rich, some of whom are just living in the UK as part of their "i'm so rich I live in all the capitals of the world", pay hardly any taxes and then in the meantime people commute 2 hours to do a minimum wage job.

surely it's got to fall apart at some point? (hoping).

"So how are they inducing property owners to hand stuff over without more money, i.e. compromise?"

They don't, lots of people stay in the area they are renting in, and complain about the high rents.

One young woman I know is really cross that she can't afford to buy a house in Cricklewood (actually the Mapesbury conservation area) like her parents. Ignoring the fact that when they bought there in 1979 it really wasn't desirable and they compromised a lot by moving out of St John's Wood where they had been renting.

It's a pretty simple solution, it should cost far more to employ people in London than it is at the moment. Let employers suffer from shortages and they'll react in time with higher wages.

It does already!

In my late twenties I was on £50k plus bonus in London.
Exact same job in a town on the outskirts I would have been paid £30k
Up north I would have been lucky to have been paid £25k for the same role.

Me Rivendell? I don't sell anything.

Your labour?

FreudianSlurp

Following that daft logic, there should be no private supermarkets. We all need to eat don’t we? So the food industry should be nationalised.