Generation rent: where can I afford to live?
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- čas přidán 13. 02. 2014
- With weekly rents soaring to more than half of average local wages in most of London, a generation of young renters has been left asking: "Where can I afford to live?".Sign up for Snowmail, your daily preview of what is on Channel 4 News, sent straight to your inbox, here: mailing.channel4.com/public/sn...
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I love London but I don't think I can take it anymore. Even Poland have better housing conditions that the UK.
I do agree housing can be better in certain locations and you will rarely see house/flat with mould inside.
Duh no old flats at all and if u buy u build a house or get a very modern apartment.
But Poland and many Eastern European countries are cheaper than the UK.
Haha Polish and Eastern Europeans people take up most of Londons social housing.
The whole world is getting poorer, and poorer, but the cost of living is getting higher and higher, while wages stay stagnant.
Krunchy The Clown iaa
yes bu they still manage to pay 700 dollars for a phone
Is it that the whole world is getting poorer? I mean where is the money going? Might it be just that a few people are getting richer and super richer? That the UK is now the worlds premier tax haven might have something to do with it. Apparently countries that opted to give tax cuts to the very rich rather than taxing them a little more have lost out in terms of economic growth. Countries such as Denmark where the very rich pay a bit more tax have done significantly better.
Krunchy The Clown, Yes & the wealth gap is wider now than its ever been.
everything is going up but our wages
Living with mold in a damaged property. Shouldn’t this be illegal? Why are some landlords getting away with this?
it no doubt is but the poor have no representation. Its like what one lady said to me "no one listens to you unless you have money or good looking". Sad world. These problems are in Ireland as well but I fear even worse.
This people are not registered..they subletting their social or letting out their 2.property..do u think they have insurance or pay tax?
Mold is dangerous to your health! Deadly
What if you have money but are not good looking.
Because they learn it from the landrover be fore hem go to genertion to genertion they lear it from the teacher ho make the plan fore hous rente.
London, great for a holiday but there's no way I could live there, expensive, crowded and unfriendly.
Exactly like Los Angeles.
At least you have good weather and beaches in LA though
Tom M LA traffic sucks and rent is very high, i would rather live in london as it has better transportation and better oppurtunities.
you forgot to mention full of muslims and blacks
very polluted, plenty of rude and bad people, crimes, no parking spaces, insanely high prices, list goes on and on.
*_"80% of jobs created in the UK post recession are in London"_*
Wow...
the Greatjon That's because the government doesn't give a f--- about the rest of the country ,no wonder Scotland wants to go it alone
And following Brexit, London will take quite a hit economically.
After finishing uni with my partner we refused to pay half of our salaries paying someone else's mortgage off. We searched around alternate living and decided on a narrowboat. Not to everyone's taste but at least it's ours.
do you still have it i know they essentially become unsaveable after a while with the maintenance
@@danh5637 Hi Dan. No we don't have it anymore. Bricks and mortar of my own now.
639 pounds a month for a room? Ridiculous. I live in China and for that kind of money, you could rent a penthouse. My apartment is free and provided by my employer. I also rent an entire house in the mountains for 500 pounds...A YEAR! The UK (I'm British) needs to stop all this 'buy to let' shit. It's absolutely criminal.
It's pretty depressing isn't it? I live in Sydney and it's not as bad as London (I didn't want to move to London for this reason), but it is getting there as globally asset prices have been inflated. So you're either rich and own property or struggling and don't. The baby boomers (often with multiple properties) have fucked Gen Y.
Well I'm sure you could get a place for 639£ a month in Somalia too, good luck getting that for the same price in Shanghai or Hong Kong
northweezie1 Xi'an is hardly Mogadishu!
China Hog Don't get me wrong, It's ridiculous but when demand is so high and people are prepared to pay that much (stupidly) there's not much you can do.
+gav240z Exactly, it's very depressing
Mold will Lead to Respiratory problems. Only a Scum lord would leave their property in that condition
Mold typically grows when there is not enough ventilation. And you can always get some water and scrub it away yourself.
@@a.brekkan4965 It does depend if there is damp in the walls. If the wall has damp in it the mould will be back in less than a month, otherwise you can often control it by washing with bleach once a month but it is not ideal, especially if it is more than a small patch.
@@a.brekkan4965 : AMEN ! Bleach or white vinegar ............BUT ELBOW GREASE IS HARD TO COME BY !
@@a.brekkan4965 If you scrub it away without dealing with the underlying causes, it will keep coming back.
My mum used to wash our walls all the time
I lived in San Francisco for many years. We had the same problem with mold. Our landlord was good about repairs and the such, but the mold was a result of the humidity of our showers & dampness of the city. In order to keep the mold at bay I devised the following protocol: Spray ed the restroom walls once a week with diluted bleach (10%) & water (90%). Then I would leave a small fan running everyday in the restroom that would pull air from the hallway. I had another fan in the living room. This was on all year round. It would keep the flat from getting that musty & moldy smell, plus keep the mold from growing on the walls. One of my brothers still lives in San Francisco & he does the same to keep the mold from growing.
As soon as politicians allowed houses to be more then somewhere to lay your head and instead a measure of your wealth, it messed everything up.
Thank God I left the UK 30 years ago.
Marika Fejszes where do u live now ??
Me, 8 years ago :)
Marika Fejszes I’m leaving this year and I make 70k half goes to tax the other half would go to rent
Marika Fejszes. So did I. I’m doing very well and can afford to live on my own and not have to put up with random strangers sharing my space!
Hungary isn't much better
820£ a month for a spare room this is nuts !!!
Completely nerve wracking !!!
Adam Kiala there need to get council social housing
But does this include water electricity and other things.
Smart for young people to match up and buy a house together. Just sucks that owning a house is out of reach for so many and having to pay such a high amount of rent for a dive is the reality.
You only get black mould if either there's a slow leak somewhere or broken guttering etc, or because you don't air the house. You need air circulating, to allow moisture out.
You're not the first generation to do worse than your parents. Gen X is. Everything has been messed up longer than you realize.
The boomers fucked up everything.
Fellow Gen Xer! 👋 our grandparents lived through two world wars and a massive depression. We can do this, folks.
Yes, but the problem is these generation Z brats..
And the "grad pads" are only for people still in uni. They need to mass-produce studios, 1 bedroom and 2 bedroom apartments to house young professionals. This is where young professionals are SUPPOSED to be living, but instead it makes more sense to split the cost of a 4 bedroom house which ought to be for families.
BLAME THE ROTHCHILDS AND THE MONEY LENDER AND THE GOVERNMENT FOR ALLOWING THEM!!!!!!!!
the world is becoming a very inhumane place. things need to change. values of humanity need to be re-established. but who will do it and when? in the early 80s one could rent a large 3 bedroom semi detached house in a good neighbourhood like palmers green for 300 pounds a month. buses and the tube were 10p a ride for children under 16 and 20p for adults. this kind of slummy life was almost unheard of. the future looked bright not bleak like it is now.
harry hill the same in USA
maybe you had those prices because you stole everything from other countries? So now the SAME countries come to you and it's all a shitfest now... the brits don't want to work or teach, they want to stay at home on benefits and get free money from the homes that they bought 30 years ago, which are now old and crummy... while the immigrants don't have their skills or qualifications recognized, and the british ones are too expensive, everything is expensive and confusing for us immigrants so we get fucked over while we work at shitty job for the brits.
Just plain horrible.
@@llVIU if u don't like it go back where u came from
harry hill are you stupid? Wages were lower too back then, wages are much higher now, everywhere in the world as cities develop, the places are becoming more expensive
Supply and demand, not complicated
This is also happening in Copenhagen where I live - though nowhere near the levels in London.
madder66mortem You must mean in the vicinity of Copenhagen - elsewhere in Denmark it is quite easy, even if you have to register ;) Most parts of danish life is organized through the CPR-system (Centralized Person Registry) which helps efficiency in the state- and local bureaucracy as every piece of information is connected to ones user-ID (healthcare, police fines, grade-averages etc.) It mostly works great, even if it is quite different from elsewhere.
At least Denmark doesnt let people become homeless.
London has always been expensive . But other areas of the country are not as costly . It's a capital city , which attracts people , who come to work . So it's no different to anywhere else .
Lived in London for a year , awfully expensive ... But still , if you work hard and stay away of pubs and clubs. You can save good money . I have a child now , and there is no way I could go back to London
yes, London is a city to work, that's why you only see 25-50 year olds there. You almost never see families trying to live there, going around the streets, or little children or old men... they live way outside london for that. It's a business centre. People commute for work, it's been like that for many years
im irish pubs n clubs is how it is
2021 You feel old bro?
Move to South Wales folks. The 3 bedroom house next door is up for rent - lovely garden, garage, nice neighbours ..£625 per calendar month
Do you own it?
Wales is boring .
Will be amazed if you find anywhere in London.
Standard of living in london has gone gone down, why do people put up with this I don't get it!!
+qoqo13 We don't, we try and move out.
qoqo13, Austerity plain & simple.
I left London 2012..paid 3 years high rent without buy any bitcoin..
people are desperate. They can't get better jobs anywhere else. They don't have the money, they can't get better rents anywhere else.
Bad economy.
Boo fecking hoo.
London is a great city for sure but it’s definitely a city just to experience for a short amount of time and then move elsewhere. I have lived in London for 11 years and now I’ve moved back to Switzerland, rent is just too expensive for what you get, usually a small room in a run down flat or house, not worth the hustle. Jobs pay way too little and life in general it’s just expensive. If you want to move to London and be able to have a social life you need to have a well paid job otherwise you’re done, just living pay-check to pay-check and barely affording life
NOT WORTH IT!! Even tho I miss the fast life in London i prefer to visit from time to time and be able to afford all of the nice things that London has to offer instead of living there and not being able to afford any of it.
paul pallott ?
paul pallott I’ve said Switzerland not Sweden two completely different countries!!
paul pallott you sound crazy, goodbye
emmy you are absolutely spot on about the living standard of London... I have also moved out of London for the same reason.
sid sagar it’s just sad and I don’t see it getting any better actually only worst
I used to live in Oxford, finding a decent affordable price to live in was so damn hard, everything was so overpriced. I left more than 2 years ago and my friends say that the rent even went up afterwards,
I am not too sure about that as I think my generation are worse off than my parents. I may earn more but my standard of living is lower and on top of that my father received a whacking great final salary pension which he is living off now. My generation will be broke by comparison. I do not even know many people in their 40's who have a pension as too busy meeting the mortgage each month. I think it is a disaster all round.
Lived there in the early nineties, got a job doing maintenance in a hotel and a room as part of the deal in W1. Doubt that is possible now, great memories
And our family back home think we are having fun here. They don't know that once you are in the ocean you don't have a choice but to swim
Silicon Valley has a major problem with this too, although not nearly as bad as the UK.
Yo that flat at 1:20 is an airbnb now, I literally stayed in it last week 😭😭
Yikes!!!why would u
Renting is money down the toilet. Regulate and tax landlords landlords and limit the number of properties they can buy for buy to let. Free up property supply and prices go down.
My sister pays 1000$ for a room in London just a small room with a desk and a toalet
Which part of London ?
Damn! They have the same housing issues in the U.K. that we have here in the U.S.
conscious thought it’s much worse in the U.K.
Slumlords should be penalized for not taking care of their property...shame on them.
Living in a room with no windows, in a house of a dozen strangers... for £800pcm. Yeah....
These people must be struggling with lockdown with so little space!
Most of MPs are private landlords so don't expect a policy that touches their income.
This is Heartbreaking!
It's just as bad here in America.
Sir Sir New York is worse for sure
Not just London. Its all over the world !!! Specially in metro area , forget about owning a home when you can barely get by with rent.
Yes but London is among the worse..
The thing is that these younger people insist to live in London. Well they say London is where jobs are. But if you can't afford London then you must go elsewhere more affordable. Other cities also have jobs available.
4 out of 5 private sector jobs are created in London. They don't have a choice.
Then it's up to the government to spread the jobs across UK.
Don't expect this government to be bothering with something like that.
The only reason it keeps happenening is because people keep agreeing to do it!
Supply and Demand. Not enough land and far too many people.
This is so sad working so hard and going no where is depressing
where can I afford to live? answer：Not London.
Not providing heating for your tenants that’s illegal. Landlords are duty bound by law to provide the basics for their tenants, electricity, running water both hot and cold and heating .For a landlord not to provide these things for their tenants and charge them high rents is a slum landlord.
Report the landlord.
Yeppp sadly but true!!! I lived in London for 6 months, and i returned home mostly because of the hyper rental prices, for buying property don't even think about it. 70 square metres of flat i bought for 35.000€ from where i come (Strumica, Macedonia) cash, the same size flat in Acton West London over 600.000£ that's out of mind!!!!
live(sleep) in a stealth campervan,easy done in a big city,you have everything closeby,showers,food etc,just head back and sleep in your van.its one way.....
I've done it. I did it in Los Angeles. The cost of petrol negates any savings over an apartment. You can't keep returning to one place. You have to keep on the move to remain under the radar.
This is sooo depressing. I live in the states and it’s no different. Communal living. Roommates. Who wants to share a living space in their 30’s!!?? Wages need to rise and rents need to become stagnant not the other way around. But look at France for inspiration when you’re fed up with this BS system.
QE! MY NEGRO
IT'S CALL Q.E. quantitative easing
2008 crash the Fed's lower rates and printed 3.2 trillion
Only assets that rose
Real estate and stocks not wages
France is fked up!! Germany and Switzerland and much more clean. So is Denmark.
Buying was difficult for my generation too but easier than now. I am class of '97 university so by the time I had a deposit prices had spiralled upwards but not as bad as now. Even as a student I had my own room.
the same case in Bristol
I wont go out like that
This is the same city with tons of carspotters of supercars on CZcams
OMG I just covered my nose when I saw the mold
This kinds of stuff makes me scare to live in London , what's the point of living there where you can't save money for yourself after the rent
If you consider that graduates start on £45k here in their first year (and some get even more than that), you can easily work out a budget.
They should build more high rise flats/apartments and impose strict standards. And these crooked 'landlords' absolutely must be regulated.
The whole system seems to be designed to make life easy for landlords good or bad.........there should be harsh financial punishments for bad landlords because money is what motivates them.
There are enough highrises. Some apartments are empty.
@@joelc9439, that's why I said 'landlords' must be regulated.
It's the beginning of richer country becoming poorer
London MPs should be held to account
Why?
This is absurd. I live also in a room that i pay the same and is mold everywhere. And unfortunately i have been in most of the houses and everywhere it was the same and none of the landlords want to do anything. Why dont they just confiscate the house if people are living in unhabitable living? Since when is normal to keep people like animals and ask a astronomical price for it ? And why are there empty houses in London when clearly thats not the purpose of having them. Don't worry i hope Brexit will continue and all the rent prices go down , afterwards will be a gap and they will be forced to lower it.
says he doesn't have anything
has an apple product
Banana VEVO i know all black people look the same but thats a different person
Rent is so high that most of the end of month pay goes towards itt how come?
I don't get it, how living on 400 pounds a month you are left with nothing? If the salary is usually above 1k a month? Can someone explain, please.
Valid question. As a former Londoner myself, I think it's partly to do with the fact that there still are tons of jobs that pay just about 1k a month. In the case of the guy in the video, it may be multiple factors (low paid job, travel, council tax, family etc...). In my opinion, if he wants to stay in London, he needs to find a higher paid job or simply move out of London altogether
ricky baxter isnt 1k a month under minimum wage? Is it that hard to find a job that pays over minimum wage?
@@haru6165 Unfortunately, the harsh truth is: it's not so easy. Last I checked, the minimum wage was £7.80 for over 25 year olds. Many jobs are not offering wages to match the rise in bills. It can be extremely hard (but not impossible) to find work in London that provides realistic wages, depending on what job you go for and where in London you live. Also, there are just too many people in London, which makes it quite a rat race. Hence why I kinda gotta agree with many of the points in the video. it's not impossible though. You just gotta be very wise with your job search and work extremely hard in many cases. It's a shame, as London is such a beautiful city, at its core. Hope that helps🖒
Yes I found that hard to believe as well. It would be a dream come true for me if rent was only £400 a month.
Haru travel card is 200, food for the month 150 council tax 100 so he should be left with 200 or 100
in poland last 10 years cost of house became 2x more expensive but salaries also so it isnt so bad
London or die, seems to be a lot of the younger generations outlook. Forget the place, forget it!!
This is happening everywhere there is an over population of people. New Zealand, Australia - we have so many Chinese immigrants these days that houses that used to cost 250,000 when I was growing up, now cost over a million. For me that's ruined my prospects of a good life in my own country - no idea how bitter I am about that. If housing costs become this unsustainable why are the governments not making transport from outer regions easier, cheaper and faster so people have more options!!?
This is happening in America and Canada too. Chinese people coming in paying CASH. Running housing prices sky high. This is just an awful time to be alive, especially knowing how easy it was for my parents back then.
It's not the Chinese it's bankers and city planners
They purposely restrict building permits to keep the stock down and demand high
The bankers them can create larger mortgages more interest hence higher rent
So expensive in London so I moved to leicester now prices have increased there and now I'm in Bradford
Liecester and Bradford are dumps.
Well that is what you should expect when you move to over crowded city with couple of million people living in one place. Instead try thinking outside of box and move to smaller town with less opportunities but with more important things such as: clear air, space, less commute to work, cheaper rent...
Many landlord doesn't pay tax on their huge income
You can try a neighborhood called "El Cardonal" in Tenerife (Canary Islands) the rent for a four bedroom flat is €350 plus bills and I've heard that people bought flats there for as little as half a million pesetas...
Yeah but what is minimal wage?
People who rent are going to poor forever , sad but true
Yeah when you give away 1 yearly income not much left
A Double-London scheme could be Cheaper Please suggest any Automatic-Marketing scheme for the Double-London concept
Survival of the fittest is that we have to limit our needs. And we have to focus on reducing the day to day unwanted and expenses. We should not go for the luxurious and we have to find a alternative substitute for it. By this way can save ourselves, we can survive. Because survival is very important for us. Be mentaly and physically strong. Because in the eath we have only one place to that is our body. So please take care of your health. In the long-run automatically everything will to normal. We have to save ourselves and our nature. Don't worry be happy. Always be a problem solver. Good day you all💐🙏
depressing
Cities like London a the light and the moths come from all over looking to make a future for themselves. These cities are flooded with people often low skilled, so the Labour market is flooded pushing wages down and the rental market is flooded pushing the rent up. It will only change when the bubble bursts or there is some sort of downturn. And dare I say it without being piled on that the amount immigration taking place in England over the last 15 to 20 years has accelerated the problem greatly.
HS2, or housing, how many flats could be built, the council need more housing,
It's just totally ridiculous. Houses in even shit areas of London are going up and up and up, in many cases even past a million for a fairly ordinary house in an average area !.......................................................Great isn't it !
So I take it that you don't really think it's that great then ?
@@manofweed1 just buy property then. Stop being the prey and become the predator
I would like to divide Costs by number Three kindly suggest a suitable place for living
3:30 she looks young and old at the same time
If you provide good and fair priced accommmodation tenants most time mess it up.
Kim Miranda stfu
Fuk that!! Move up North rooms and flats up here start at £60 a week + council tax
The banks will only lend large sums of money and low interest rate if you buy a house. So that is what people do. It has become an over sized carry trade. At the same time, savings lose money because of inflation. This has happened to Collage also. Universities are expensive as a result of cheap loans.
+Gerald Davis Perfect point! Think of how low rent would be if houses had to be paid in cash (no loan). House prices would go down significantly.
Expectations of young people seem to have reduced. I once had a friend who stayed for a while in a very mouldy room. I don't know whether it's connected but she developed a rare lung disease which eventually killed her.
how the f is london full of immgrants when its that expensive to live there 😐
fathead adolf barry they probably live in the worst parts with like 10 ppl in one flat
+loxboy exactly!
OMG is that Anthony Green at 5:27?
Price of real estate is artificially inflated, like a bubble waiting to burst. The prices will come crashing back down to earth sometime soon.
I think that they will stay high. Banks will lend the money fo 50 plus years and push prices up and up.
So, as an American, what can I SERIOUSLY do in response to this? I am a recent college graduate and looking for a good apartment, in a safe neighborhood. My job pays $9 an hour, as a janitor because I am not really hiriable anywhere else.
If there isn't much I can do, what is something that I can do (saving of course being obvious)?
SERIOUS ANSWERS ONLY
Why am I getting all these recommendations for 5 year old videos about how hard it is to afford housing in London. They all have very few views considering they've been published years ago. It seems that youtube did not want people to see these back then but all of sudden they are recommended.
I swear there must be 20 odd videos from 2015 about the same subject - BBC, Channel 4, Economist, even TED - and its a lot worse now.
If you live like that......buy soap and chemicals to clean the place and fix for yourself ! Have SELF RESPECT TO EARN RESPECT !
whaaat, cost of living goes up before wages..noooooo
the living situation in London is so depressing. ive never lived somewhere that didn't have cockroaches, and the landlords just don't care. Most live abroad.
The lady living with mold and damaged property, age of the building could be a factor, with mold I use a spray, however because there is no adequate central heating everytime it rains, and winter it will get worse. My opinion that flat shouldn't be let out
If the cost of land is so high relative to the cost of build, which is clearly the case, this is a massive indication of regulations causing a problem or people using houses for hedge (both due to high inflation and gvment schemes to lower mortgage interest). Which are both clearly a big part of London and UK economics.
YOU SHOULD THANK THE ROTHCHILDS AND THE MONEY LENDERS FOR THE PROBLEMS THEY HAVE CAUSED AND THE GOVERNMENT ALLOWED IT.
The crowded nature of Britain also must pay a part. It would help if people didnt have children untill they are really sure they want them and are ready to look after them.
Simply move out of London or don't expect to live in zones 1-3 at reasonable rent. When there are no doctors or police officers the government might then sit up and take notice. The government has taken action to move businesses out of the capital by lowering business rates so cities like Birmingham have seen an increase in house prices but the jobs move North is not fast enough. For example, Channel 4 news should move North to the Media City in Manchester but seems extremely reluctant to do so.
Police is government.
If you can't afford it just don't live in that part of the UK, a simple solution to a simple problem.
People and professionals flock to London because it's the capital and the demand for jobs is high loads of opportunities compared to the rest of the backwards country other parts of the UK don't offer jobs that London does this is why people move from other parts of the UK to London for a career but unfortunately the rents are sky high and in order to survive you need a well paid job.
"Despite the mold" .... Um, that woman is a TOOL for the evil landlord. She is stupid to put her health at risk, just so she can stay and work in London. Then what? Get sick and can't enjoy the money/things you work hard for. :/ I can get struggling in London - but not if you are putting your health/safety at risk every single day.
Holy Moly.....
And I was thinking about moving to London. I guess not
Printing money low interest rates and crony capitalism. World economy needs to reset whether they reset the reserve currency or not.
cool very inspiring friend