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Cost of rent in the private rented sector.
Field Marshal Dr. Opti:
Figures according to Homelet Rental Index.............July 2018.
UK average...................£937
UK average excluding London......£777
South East................. £1041
London .....................£1615
The cheapest is the North East at £525.
These are just crazy figures. Presumably private renting is far more expensive than social housing rent.
How does anyone afford these rents?
Migv6 le Frog Fan:
Daughter pays £2150 for a one bedroom, third floor flat near Liverpool street station. She is trying to save a deposit to buy something similar for around £700,000.
Utter madness, but its supply & demand.
dave the builder:
cardboard boxes are cheap but finding a shop doorway or park bench with a long secured lease is quite hard . :-\
so some people have to pay stupid rent prices . if they don't have a spare £50,000 as a deposit for a mortgage :P
there used to be council houses but they got sold off cheap by the conservatives .
the prisons are full and workhouses are closed . :'(
"we should make some slight provision for the poor and destitute" :P
Field Marshal Dr. Opti:
--- Quote from: Migv6 on 09 September 2018, 12:51:57 ---Daughter pays £2150 for a one bedroom, third floor flat near Liverpool street station. She is trying to save a deposit to buy something similar for around £700,000.
Utter madness, but its supply & demand.
--- End quote ---
£25800 P/A on rent..........AND try and save. :o :o :o :o
Can't be easy. :-\
Field Marshal Dr. Opti:
--- Quote from: dave the builder on 09 September 2018, 13:05:56 ---cardboard boxes are cheap but finding a shop doorway or park bench with a long secured lease is quite hard . :-\
so some people have to pay stupid rent prices . if they don't have a spare £50,000 as a deposit for a mortgage :P
there used to be council houses but they got sold off cheap by the conservatives .
the prisons are full and workhouses are closed . :'(
"we should make some slight provision for the poor and destitute" :P
--- End quote ---
Back in the 'good old days' I took out a 100% mortgage and bought a new Yamaha FJ1200 (£4840) with the money I would have used as a deposit.
Not sensible but far more fun. :)
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