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And yet, London has a population of over 8 million. How do they stay afloat?
by pagnol 9y ago
And yet, London has a population of over 8 million. How do they stay afloat?
- tonyedgecombe 9y agoMany people would have bought their homes before prices got so high, others will use inheritance, a few take on ruinous debt.
- agd 9y agoFirstly, most younger people do not buy property, they simply rent. Secondly, you share with more people. In the article they reference a single bedroom flat at min £1000 a month which is about right. But that's the most expensive way to live. I share with 3 others and on average we pay about 500 each. This is for a nice enough flat in zone 2 (zone 1 is generally for the very wealthy).