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I moved to England less than a year ago, and out of all the countries where I have rented, this is my worst experience so far. Ignoring the poor treatment rece
by angarg12 8y ago
I moved to England less than a year ago, and out of all the countries where I have rented, this is my worst experience so far.
Ignoring the poor treatment received by letting agencies, the landscape of property ownership is grim for newcomers. My salary puts me comfortably in the top 5% of the country earners, yet I spend about one third of it renting a tiny studio in town. We would need my partner to make above average salary to afford a modest 2 bedroom flat in town, or to be on my same payscale to be able to afford one of those terraced houses that we usually associate with middle class.
Don't get me wrong, I know I'm privileged, for me this data is just a symptom of the economic divide that this country is undergoing. If I can hardly afford to get into the property ladder, what should those in lower brackets expect? Will there be an increasing difference between those that own multiple properties and those who will be forced to rent all their lives?