4 ms·
Maybe I don't understand the UK real estate market, but how in the world is this possible? I live in one of the most expensive retail and commercial areas in th
by woodruffw 4y ago
Maybe I don't understand the UK real estate market, but how in the world is this possible? I live in one of the most expensive retail and commercial areas in the world (NYC), and my rent is maybe 30% of my post-tax take-home.
- bambataa 4y agoUK salaries are low. Even lots of lead/senior devs working in London are on less than £100k. That’s high for the UK but not much compared to what junior devs can get in the Bay Area.
- gambiting 4y agoAnd if someone lives in Zone 1 or even in the city directly, then those £100k devs are competing for rent with £200k+ bankers and financiers, so yes, I can absolutely believe that.
- therealdkz 4y agothis is possible since global money factory (the thing you are paid with) is in the us (nyc in fact) and so you are closer to the spigot
- woodruffw 4y agoI don't think that's the reason. London is one of the world's financial centers.
- mclightning 4y agoNot only that, my place is not even fancy by any standards. It is actually a pretty old building with patches here and there. If I wanted a nice newly built (newer than 15 years) place, I would have to pay around %70-90 of my salary. London housing market is ,famously, a joke, literally. There is a whole trend of Tiktok videos making fun of housing ads in London.