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> These days, what are your options realistically in this country? Particularly if you want to hang around your family in the south? In 2013 I was working as a
by petesergeant 2y ago
> These days, what are your options realistically in this country? Particularly if you want to hang around your family in the south?
In 2013 I was working as a CTO in London, managing a team of 40, and I could just about afford a run-down 2-bedroom in a just-ok part of Zone 1, assuming I wanted to make some savings too. My salary wasn't bad for the role, outside of banking. Anyway, that was pretty much the end of living in the UK for me.
- ta1243 2y ago90% of the problems in the UK come down to the cost of housing in London (and maybe a couple of other key cities, but mainly London) This cost is driven by relatively high wages in London, so people on good salaries can afford more, so prices go up as supply is constrained and demand increases. The rest of the western world is starting to see this, and before London had the issue, city states in the far east like Hong Kong and Singapore had the same problem.
- petesergeant 2y ago> This cost is driven by relatively high wages in London I disagree on this cause, FWIW, and would say the cost is driven entirely by the constrained supply you mention. It's a very, very politically difficult problem to fix, because if you increase the housing supply, people who already own houses see their net-worth decrease. I am sure there are some smart solutions, but most MPs and many voters already own homes and don't have much of an interest in fixing it yet.