3 ms·

I don't really disagree with anything in the article, but I would say it's the same problem faced by millennials and even late gen Xers getting gradually worse

I don't really disagree with anything in the article, but I would say it's the same problem faced by millennials and even late gen Xers getting gradually worse over time rather than some sudden new issue. They could have picked a better example than the woman in the article too, I think. She's on £38K which is actually fine, it's above the median for London and she's only 25. She can probably save £500/mo even without living in shared accommodation with some lifestyle tweaks - and no I'm not talking about fewer avocados! Property prices in London are crazier than ever, but she could get together a deposit for a £200K studio in Acton or similar in about 3 years. She's in an OK position, comparatively.

yrgulation 4y ago
I am not sure if this comment is satire or for real. 38k is poverty in london. Also there are no liveable 200k studios in acton according to rightmove. Perhaps in some very rundown areas but i cant find any.
- sanitycheck 4y ago
  There are many many people in the UK living in poverty, but 38K in London is not it. For those of us lucky enough to be on significantly more it might look it, but anyone in real poverty would be very happy to get that salary. I was looking at zoopla rather than rightmove. Slightly dodgy area, but I was checking places I've lived and it's definitely not the worst.
  - yrgulation 4y ago
    Indeed Zoopla shows 16 properties at that price. Official stats indicate you are right about the poverty line not being what i said: https://data.london.gov.uk/blog/poverty-in-london-2019-20/ https://data.london.gov.uk/blog/poverty-in-london-2019-20/ Still i dont understand how someone can live on 38k in london considering how expensive _decent_ housing and public transport are. Monthly take home seems to work out at 2400 which is not bad indeed. Oddly enough a 90k per year salary works out at 5100£ despite it being more than double. Unfortunately taxes are real high and take home income is still low even on a high wage.

yrgulation 4y ago

I am not sure if this comment is satire or for real. 38k is poverty in london. Also there are no liveable 200k studios in acton according to rightmove. Perhaps in some very rundown areas but i cant find any.

sanitycheck 4y ago
There are many many people in the UK living in poverty, but 38K in London is not it. For those of us lucky enough to be on significantly more it might look it, but anyone in real poverty would be very happy to get that salary. I was looking at zoopla rather than rightmove. Slightly dodgy area, but I was checking places I've lived and it's definitely not the worst.
- yrgulation 4y ago
  Indeed Zoopla shows 16 properties at that price. Official stats indicate you are right about the poverty line not being what i said: https://data.london.gov.uk/blog/poverty-in-london-2019-20/ https://data.london.gov.uk/blog/poverty-in-london-2019-20/ Still i dont understand how someone can live on 38k in london considering how expensive _decent_ housing and public transport are. Monthly take home seems to work out at 2400 which is not bad indeed. Oddly enough a 90k per year salary works out at 5100£ despite it being more than double. Unfortunately taxes are real high and take home income is still low even on a high wage.