In the early 1990s, when I bought my first home in Miami, first mortgages often came with rates of 8 to 9% and 9% to 10%, which was quite common. It's important to consider that we may never return to 3% rates. If sellers are compelled to sell, home prices may need to decrease, leading to lower valuations. I believe many others share this line of thinking.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
My parents kicked me out when I was eighteen, I squatted countless buildings whilst trying to hold down jobs, even study. Now I'm 34 and still live hand to mouth even with a job whilst my mum runs an Airbnb and my dad has his second family. In my experience the reason for this "perfect storm" is selfishness.
In India, parents want us to live with them throughout their life. Even after marriage, we all live together in one big house. Life in India is far easy I think, even if you earn less you can still live a good life.
I’m so sorry they’re narcissistic and horrible. Hope you’re ok rn. Keep fighting!!! My dad is a millionaire and I’m a nurse living with my mom. Not complaining as things could be worse but I def understand the feeling of having a rich parent and them not giving a damn about your issues. God speed.
There's no shame in living with your parents. You can help them out and give them company. There are many other genuinely shameful things people do in this world but I'm pretty sure living with your parents is not one of them.
Yeah... my family's cultural background doesn't frown upon living with parents so you get to grow up with your family and the environment you have can add a lot of meaningful moments to your life. Bottom line is - it's not a good thing to be someone who just decides to up and leave when things get difficult, I think (from experience) working to patch up relationships is better not just financially but psychologically. Of course there are cases where family members are unsafe to be around but in reality I don't hear or see much on trying to make an effort to make what they already have work better...
I just moved back home and am in my late 30's. I've been on my own for the most part since I was 18 though. Decided to rent my home out and stay with family to go to school for 2 years to change jobs. I've also developed health problems since the pandemic...whole world has been turned upside down, but I know I can't give up
I rented a one bedroom flat in Slough for £875 pcm in March 2022. The same flat is now going for £1200 pcm, an almost 50% increase in a year and a half. It's completely insane and unsustainable, and makes me very glad that I emigrated from the UK.
@@nauxsi That rise is insane. Also, it's fucking Slough! It's not like it's Zone 2 or 3 London! Jesus! @nauxsi - if you think that is in any way reasonable, you're on some strong crack!
Slough? Jesus christ. I'm in a shared house in Zone 3, and we're paying £3k split between 4. Having to move out soon and dreading how I'm gonna be able to afford anything on my income 😢
@@Fredreegz Sorry to hear that this is happening to you, rent is going up insane in the UK and other countries. Renters in Australia are having their rent go up by either $100 or more due to landlords trying to get more money before the new law is passed and in place.
This is why I do not leave Sweden: Rents are fixed according to nationalwide agreement, and the landlords can not raise the rent without permission or negotiations. You cant no be evicted unless it has gone to court and you always have 3 months time to move out. There is a standard on all rental apartments: There has to be stove,freeze,cooler and a wc with shower/bathtub . The water and heating is almost always included in the rent. I Love this in Sweden.
I think you are not being truthful. I am a Swede and before I sold my apartment, I got more than 50 people wanting to rent within an hour of me advertising it. I could charge anything I wanted. Yes there is rent control but there is also a huge black market.
The same thing will happen in Sweden if the rate of immigration keeps up, Britain has had Swedish rates of immigration for 2 decades whereas Sweden has been going strong like this since only around 2014, eventually you will run put of houses to home people and the same issues will arise there
As a Canadian visiting family last year, I couldn’t believe how much more everything cost in the UK despite the fact that people make much less money for the same jobs as they would in Canada. That was a year ago… everything seems to have gotten much worse. It’s unbelievable.
Valid point but the problem is that most people who rent don’t have savings or an emergency fund. When you rent the landlord will usually cover things like the boiler breaking or general maintenance. Should this happen with your own home, most will fall into even more debt and possibly arrears
@@jenjones90but then your rent will go up regardless. Landlords always pass on the pain. If you can afford to rent to you can afford to pay a mortgage.
Forced to move 200 miles away from London just to be able to rent. Paying 550 for a 1 bed house in North Yorkshire. No council would help me or even put me on a list. Was told to stay at my parents until im 35 years old and then ask to be added to a register on which i can expect to wait years for a property to come available. Broken Britain.
You did the right thing. Housing is so much more affordable up north. People worry about the low wages but a two income household both on minimum wage can afford to rent a house and run a car, that's more than can be said for most of England.
@@Thedarkknight2244 yeah true, in my case I got more for my money moving out. My dad was charging me way too much. I'm his son, and yet he treated me like a tenant. Screw that! it's why I moved out. I'd never do that if I had kids. Only expect them to pay their share of the bills and maybe food. I would allow them to stay as long as they like, unlike my dad who is greedy, I would actually want my potential kids to flourish in life!
I moved to the UK 3 years ago and already thinking of moving out lol. Just can’t understand how a country can treat its people so bad and things keep getting worse.
What’s holding you here? Serious question! There are lots of affordable countries in Europe, with better quality of life, so what made you select UK from all the options?
I'm a landlord in Norway, here we're only allowed to increase the price on a tenant once a year and it can't be more than the CPI. Personally I've never increase rent on a tenant but I do increase rents between tenants. The biggest issue in Britain with property is a lack of rights to tenants, wages that have been depressed due to austerity then you have the highest inflation rate in Europe. All those things put a massive pressure on the younger populous. This has been here a while, and I see a lot of people seem to mention migration as an issue, to be clear I emigrated to Norway from the UK. I can tell you from personal experiemce that migrating from one country to another is costly and stressful. Doing so into Britain is infact more expensive than Norway, one of the few things trust me.
If we increased rent according to inflation then tenants really would be in trouble. The problem has come to a head due to increased interest rates which has been done to combat that inflation and also the change in section 24 tax, which means landlords can't offset all (only 20%) of their "interest only" mortgage. In other words the "interest only" mortgage cost for a landlord is being seen as an 80% profit and something that should be taxable. This isn't done in any other business and means that landlords who were only getting a pretty slim profit on a standard buy to let property, will now be making a significant loss. From a landlord's perspective you now either sell the property, or you put the rent up and both of those outcomes are currently happening. For my tenants I provide bills inclusive and the cost of utilities has gone absolutely mad, but I'm trying to limit the increases for my existing tenants, but for new tenants increasing to market rates. In terms of tenant's rights this has already changed in Wales & this will act to drive more landlords out of the market & put new ones off from entering. The new tenancy agreement is 42 pages long and by default landlords are supposed to provide a hardcopy for tenants! Section 21 (which is no fault eviction) has been removed, which previously gave the landlord some certainty that they could get possession of their property back should they be dealing with a difficult tenant and tenants now have a minimum 12 month term. What this means is that landlords are looking for increased certainty, so they're asking for 12 months rent in advance, they're asking for guarantors who own their own properties and this means that tenants who aren't able to meet this high bar are then excluded from the list. The tenant/landlord relationship is a delicate balance & it's currently out of wack due to market conditions, government taxation and lack of supply. In my area it's now over regulated, which is making the situation for new would be tenants even worse. From my perspective where I previously would have taken a risk by taking on a tenant who maybe doesn't have good credit history, or they're in an unstable job, or they're in a precarious financial position, or they're sofa surfing - now I will take no risks at all because I know it will be nearly impossible to evict that tenant unless I go to court. This is the unintended consequences on increased regulation, it takes the discretion away from landlords where previously they could have given the benefit of the doubt and treated people on an individual basis.
@@patrickcannell2258 Well read my reply above, most landlords make next to nothing on a monthly basis and are dependent on the property's capital appreciation to pay for their pension in later life. These are the types of people that the rental market needs and writing them off as "greedy British landlords" is a massive over simplification.
I live in the USA and I own a duplex and two single family homes. I would never increase the rent without a 60 day notice. One of my tenants has been living in my duplex for nine years and I only increased the rent by$200 one time in the nine years. Even with the rent increase, she was still paying $1,000 below the market value. I also give one month of free rent if they pay their rent on time and also keep the rental unit in good repair and clean. So far all four of my tenants have had a free month of rent. I rather have a good tenant than more money. I spend a lot less on maintenance because my tenants take care of my properties.
Financial advisors: "Renting is bad , u should own and make mortgage payment" Banks: "sorry you don't qualify for a home loan. Instead enjoy paying rent amount that would be equal to the home monthly mortgage. "
When I moved to Japan 10 years ago, my friends and coworkers said you’ll never be able to buy a place there, it’s too expensive. I didn’t care, I was never going to afford a place in the UK, and didn’t want to pay someone’s mortgage. Not only did I buy my own place in Japan, i have a far better work life balance which is miles better and living the best years of my life in my late 30s than is did in my 20s in the UK.
It's in the news Japan has over a million empty homes that the government is selling off for cheap prices. People dying off and a lower population leaving empty houses. But Japan is not big on immigration I guess unless someone gets a job there?
@@samthepoet107 The reason for this is that the Japanese government made sure that everything was fair in life for everyone i.e. housing, healthcare, food, education must be cheap and fair as people require these for survival. The inheritance tax is 55% for housing and redeveloping the same house is not worth the cost hence the reason why houses are empty thus allowing people to own an affordable house. Healthcare, the Japanese people must see a doctor even for a cough, as they are encouraged to do this and with a population size double of the UK, since the UK struggles with its healthcare where people blame the immigrants, I know as I'm a UK national, the Japanese healthcare has no issues where its paid for or ppaid by the government and unlike in USA and UK where private healthcare is super expensive, the Japanese government made sure that the practice of charging obscene prices for healthcare don't take place and the same goes for food etc. Japan may have its flaws, but their culture where humans needs everything affordable to live is exemplary for the rest of the world and the reason this happens in the western world because the people allowed its government i.e. UK/USA corrupt governments to do this to them and the culture in it's self is very low when compared to the eastern culture.
It's such a shame that we are made to feel ashamed in this country for living at home past the age of 18. There are many societies where staying at home is completely normal, you all pitch in and you're a true family. We've somehow been convinced that moving out at 18, struggling to pay rent and only seeing our family members on birthdays or christmas is 'normal'. So i personally see a real positive in families sticking together for longer, as it should be.
I anticipate a housing market downturn due to the numerous individuals who purchased homes above the asking price, even with favorable interest rates. Despite the low rates, many are now at risk because they lack equity. If housing prices continue to decline, they may face difficulties selling or even risk foreclosure if they can no longer afford the property. This scenario is likely to impact a substantial number of people, particularly with the anticipated surge in layoffs and the rapid increase in the cost of living.
Predicting the housing market in 2023 is challenging because it remains uncertain how swiftly and to what extent the Federal Reserve can reduce cost surge and borrowing costs without negatively impacting buyer demand for various assets, including homes and automobiles.
In Canada, we are seeing people defaulting on mortgages they can no longer afford to pay on a million dollar home!!! $3000.00 a month for a mortgage payment is not sustainable for 30 years!! It is insane.
Low rates? What drugs are you on? Rates here in Oz are at 6 - 7%. No down turn here, not when they letting in all the migrants and there's already no housing for those already here haha.
With what I've saved up working in the UK I'm almost able to buy a flat in Poland with cash. Seriously considering just moving back instead of toiling away with no stability.
Another mistake people make is the fact that they get so attached to/ in their country when they can move to cheaper countries even be able to afford to buy a house and live comfortably enjoying their lives
Actually, a third, 40 or 50 percent spent on housing is not uncommon in the rest of the world. It depends if you can live off the other percentage. I Can.
Hopefully not for long. It's time the people stood up for themselves and actually did something. If even the middle class can't afford to live comfortably something has to change.
@@boyo7918 I completely agree, but I feel we're more concerned with fighting for LGBTQ and race equality than we are with repelling the worsening economic hardships.
You need to scare your politicians and bully them into building more houses. Otherwise, the red tape they put up to prevent building more houses in the first place will never happen.
I was born and raised in London. I knew I’d never rent in London because it was so expensive for not much return. It didn’t make sense. Lived with my parents until 32 and bought recently in Nottingham. I would encourage anyone trying to buy to consider a life outside the capital - at least for now. I’m hoping I can move back one day, but I don’t hold my breath.
@@dentistry42people shouldn't have to pack up their life and move far away from their family and close friends. All that causes is loneliness and then cause cause depression within a lot of people. Why should people feel like they need to move to a different part of the country to just get by in life.
@@elizabethermakova9479 That’s a typical view of the entitled generation. My friend had to move from Surrey to Lincolnshire to get a house she could afford, I bought a house on the Isle of Wight because it was cheaper, you live somewhere expensive because your parents probably worked their arses off to get there. My parents moved from the north of England and left everything behind because there was no work there. Move, or just stay put and whine
@@dentistry42same entitled generation dealing with pittance on the pound for wage inflation liz is right why put all this defense into the idea that people shouldnt have a happy life over making a profit
My son is 41. Still lives with me. I've come to understand it's not him. It's not a failure to launch. He works. But multi-gen households were the norm only 70 years ago and into the past from there. So this is simply a reversion to the mean. The brief blip in time where most people could afford a home or apartment of their own without sharing resources is closing.
Agreed. Everyone having their own place to live in unrealistic, unless you cut the population. People are already having much fewer kids so nature is obviously taking its course.
If he’s 41 and living at home for 20+ years of his working life he should be able to afford a small flat on his own in an affordable area (May have the commute)
Moved to London this year - can confirm. I'm earning more than my middle-class parents ever did but I'm living like a student... Don't even get me started on those 'auditions' to find a place - most stressful 3 months of my life.
I rented a room in London in 1994, and that was like auditions then, too. I hated it, it took me a while and ended up in a grotty ground floor room with badly fitting sash windows facing a main road, which made me very ill. Never again.
I am an American... and inflation is insane but not unbearable. I hope at some point all of these companies making RECORD PROFITS get what is coming to them.
do you understand anything about ecomomics at all? Your governments have devalued your currency - the local response to the increase in prices - is where the rhetoric meets reality. your political class have been off in a battle of ideological wills - meanwhile Rome burns
It took me 1 whole year to find a flat (I had the money, but had the same issues as this video). My uncle was incredibly kind to me and gave me the spare bedroom for the whole year, and I only had to pay small amount of keep. He helped me so much and I'll never forget it. If anyone reading this has younger neices, nephews, children, grandchildren and you can help them for 6 months to a year... please do it. They won't forget your kindess. I'm in my lovely new (rented) flat now, currently saving up to buy him a new bathroom, and I will of course take care of him when he's older. Sometimes the older generation doesn't realise how bad the problem is, and that it really isn't our fault, and that this 6-12 months of help can get us set up for a good life. And we should help the older relatives we move in with, with the cleaning, shopping ,DIY, walking the dog, cooking.
Not only in the UK. Most of the Western countries have the same situation currently, mainly in Europe. To me there have been four reasons causing this vital problem: 1st Many ordinary people for whatever reason (inheritance, bought a second house in the 90's, investment...) have more than 1 property. 2nd Authorities have allow rich foreigner investors buy houses as an investment activity. 3rd Massive and uncontrolled migration movement to richest countries in a very short period of time. And 4th Lack of housing laws, regulating and controlling the house market.
So what, your solution is to take away these people's property? Because they had the "audacity" to inherit it? Instead of that, you could replace tyour thieving tendencies and get rid of illegal immigrants from your country. This would really unclog the housing market without resorting to bolshevik methods.
Reforme ,promjene zakona ,zakone donose ljudi a ne vanzemaljci ,politike.treba mijenjati ,pogotovo nove generacije ,kapitalizam.onog vremena urušiti če se sam ,pravo čovjeka na stan treba biti pravo i ostvarenje svakog čovjeka ili obitelji ili mijenjajte politike i političare ,ako ne ide milom onda ide ....
I and both of my siblings rebounded back home several times in our early adulthood. Two of us went on to become millionaires. It's a wonderful thing to have a home to return to when needed and there's nothing wrong with it. We were aware of how lucky we were.
I don't get this stupid mentality of staying with parents is a bad thing. It doesn't make someone less of an adult. As matter it would be silly to leave a home to move into some overpriced rented place. When that money could be used for one's own parents
I’m 44 and I live with my mum and younger sibling. Both my sibling and me are staying unmarried so staying with the parent is no biggie. Everyone chips in for expenses. Driving yourself into poverty just to exhibit independence is the most outrageous lie sold to young people.
Yes ! And I’m so many eastern countries they think it’s crazy that we move out in the west. Even when married they stay with parents to take care of them etc.
I’m African and I’m expected to stay with my family for as long as I want and I can also move out whenever. There’s no pressure to be independent because our culture promotes family values.
@@starlightgirl8863 I love this ! I moved out around age 19 as I was in a different county in Ireland for college and now. I’m 29 and I regret leaving home early. Because I feel I could have helped my parents out more and learned more from them. Young me wanted to leave and be “mature “ 😂 African culture is so vast and amazing !
I’m 47 and still renting. Have never had inheritance or bank of Mum and Dad to help get me on the ladder. I can afford to rent a house but not to buy it. The system is broken.
God this is so depressing. When you work very hard on education and get a job- but then you are struggling to even find a place to rent (for vast sums of money)- whilst fighting others for these extortionate rooms or properties- like starving vultures pecking at the leftover slops of a rotting carcass.
This news story isn't telling everything They are looking at the most expensive part of town. Literally nowhere in the UK charges 3 grand a month for 1 room. I rent flats for less than £500 per month up north.
@@truth.speaker The demand is higher in the South East than the North, because the South East is where all the main job opportunities are. While I would certainly agree that the UK must sort out regional inequality problem, it should also deal with the housing crisis that is far worse in and around London. The sollution in my view is mid rise (5/6 floors) social housing let out by the government at very small profit rates or break even rates. If there's an abundance of housing let out at a lower rate, there's no way a landlord can exploit somone by charging extortionate rates.
This is why as a young person, I felt the need to leave the UK. I didn't want to get a mortgage and a house yet, I want to be flexible to take new opportunities as my specialized degree-based job only paid minimum wage. I don't want to live under rising rent prices, I don't want to have to pay unpredictable student loan taxes. I want to live in a place where I can walk the streets at night and feel safe. There's so much I love about the UK, but this government has created every incentive for myself, and anyone with higher education from a low income family, to live elsewhere.
I lived in Vietnam for 5 years with a degree (in Business Admin) and a TEFL and was clearing 3 grand a month teaching English living like an absolute king, 3 bedroom apartment, swimming pool, Gym, cost of living is peanuts .. If you have degrees get out there teaching
The thing that I've struggled to come to terms with is how this issue is not getting the kind of airtime and priority that such a crisis demands. Politicians of all parties at Westminster are too comfortable in their second homes to feel the pain of those affected by the housing emergency. Labour did nothing to help this during their time in office either ... unless of course you go back to the post-war era. The further we are in time from the mass-social housing building of the 1940s and 1950s, the more we are going to feel the pain. It's the only thing that has ever made a real difference, but sadly, those with the power to do something about it - something radical - are so far removed from the pain that their focus is constantly on other issues.
People shouldn't have to though. Not everyone has a good relationship with their parents. Sometimes people simply don't want to live back in their hometowns because in a lot of cases, their hometowns are total pits of misery, which is why they moved away in the first place. Do you know how soul destroying it is to finally move away from a place like that only to end up back in it? Because I do. It's been my life for the past 5 years.
Unless you have abusive parents and are denied to use even their kitchen or bathroom to bathe. Not everyone has a cherishing household. Please educate yourself.
Here, In Denmark, rent is somewhat regulated by law - we have the possibility to bring our rent-level before a committee that calculates the maximum rent for the area and size of apartment, and the landlord has to comply to whatever they come up with. Yearly increase of rent is also regulated, as is increases after renovation. If a landlord is renovating ypur apartment , he has to re-house you for the duration of renovation.
Here in The Netherlands the same, there are different ways one can get a rental house. IF one makes less then a certain amount they depend on SOCIAL RENT programs. Sounds horrible but is it? It just means that certain apartments and houses are reserved for SOCIAL renters. They also work with the same POINT system, how better apartment/house how higher the potential allowed rent. Mine is not cheap but it is modern enough that my energy bill is very low. So worth it!
I don’t see how that makes any sense. No one is stopping my local car dealer from charging 50k over sticker for a new car. The government has no business telling me what I can charge for my property. Everything is expensive mortgages, insurance, repairs ect… it really gets me going when tenets complain about things when they have no idea how things work on the other side. Inflation sucks and I’m sorry but your land lord isn’t responsible and may even be feeling it worse than you. Managing 25-30 rental property’s can become a nightmare fast.
@@Bethany_mo Why don't they get real jobs instead of being a "landlord". People who buy up housing affect the whole socioeconomic system. Capitalism has proven the free market doesn't work and things just get more and more expensive because they can. If you rent houses to people, they need to meet criteria, just like a restaurant needs to pass health and safety. Ultimately the free market has failed and it needs to be reined in by the government like Denmark has. Having your young people not being able to live in cities at affordable prices just ends badly. What happens when the low wage workers leave the city due to prices? the businesses will start to go under since they cant get workers(already happening in more affluent areas). Educated people will leave the state or the whole country, so they get skilled up in country and then the country sees none of its benefits while other countries don't pay a cent to educate and raise them but get all the benefits of their education. Happens with nurses and doctors all the time. You will be left with a country of old people that have no one to look after them or pay the taxes for their pensions.
This video has been made several times throughout the years. The housing crisis has been a problem for years and it just gets worse. Affordable and reasonable rent costs are a distant memory for a lot of people. My friend, who is 27, has to move back into her mum's house because her rent is going up by £200.
I think the house rent has to keep it up house selling market...people with money arriving in the city is normal. BUT if houses are not rising value and just the rent is rising...something is wrong. The government could intermediate the agency of rent to camuflaje the demand. Is some solution.
I'm in Canada we have the same problems no new rentals old rentals turned into condos a basic flat is over a 1000 quid if you can find one if you have three months up front and a credit card if you have references if you're not half indigenous and a man I've been living out of a car for twenty years now I'm a disabled 55 year old person now after working for 40 years my pension is 500 quid I will never be able to live inside ever again I will probably died 15 year younger than canadians if I lose my licence I'll probably died rather quickly we have no council housing and it gets pretty cold here
@@SigFigNewton yes it a western problem expecially in the English speaking countries I'm in Canada they've spent 40 year getting rid of older apartments turning them into condos not building new rentals making single residents bylaws it's over a 1000 quid if you can find an old one plus hydro if you have three months up front and a credit card I've been living out of a car for twenty years good luck bub it's bad all over just here it gets freaking cold
@@kyleklukas4808 meanwhile Japan has thousands of empty houses the government is selling for cheap. Low population and those dying off leave property empty.
This is so true: moved this year as well. Can confirm there's many people queuing and viewing the properties at the same time. We lost bidding wars to several flats until my partner and I finally offered £250 over asking price AND signed for 2 years. Unless you are willing to both sign for that long and for a crazy amount, there is no chance. It's wild out there.
Strange isn’t it…the Tory’s massively screw landlords on tax and they sell up causing these issues. It’s a stealth tax on your income and the Tory’s have done a perfect job!
I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.
Predicting the housing market in 2023 is challenging because it remains uncertain how swiftly and to what extent the Federal Reserve can reduce cost surge and borrowing costs without negatively impacting buyer demand for various assets, including homes and automobiles.
Stacey really seem to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
That’s not going to happen cause those people who bought at 3% are now sitting on tons of equity due to prices continuing to rise. Even for a million dollar home, the mortgage was under $4000 at 3%. There has also been massive inflation and a lot of wage growth since then so it’s very very unlikely there will be many foreclosures. Nobody who bought in 2021 is in the red. They all have 40-50k equity at least in the house at this point and more if they’ve paid more to the mortgage principal
Just the fact that British have a term "property LADDER" here in UK says it all, it is a national sport to buy a small property and sell - buy bigger - and sell and so on
In Europe renting is more standard and accepted than in the UK. Property ladder term implies opportunity. Buying power is bound to increase over time after all you are making more and more payments. The earlier you start the better.
Property should never have been a means to making a profit. I blame the government. When someone makes a profit it means someone else has to make a loss.
@@emrankhanlearnwithme4474 It also mean that those who owns propety will do everything their power to make sure no new ones gets built because that could lower the value of theirs
@@emrankhanlearnwithme4474 Just because someone sells something for more than they paid for it doesn't mean it's a profit. Your tiny mind probably doesn't understand the concept of inflation, having to pay insurances, having to pay maintenance on your property or the way a mortgage works is you pay more than the initial price in the end. It's called interest, maybe you should educate yourself on what it costs to own a house and have a mortgage.
I became homeless in 2015 because my flat burnt down due to an electrical fault with the cooker: and the landlord, who couldn't be bothered to fix the damage, auctioned off the flat to someone without even informing me, and that someone served me with an eviction notice. Living in Brighton, which is almost London prices, and surviving in a burnt out flat, I couldn't raise enough money for a deposit and months' rent on another flat. So, I became street homeless, a drug addict at the age of 36, eventually psychotic and suicidal, in and out of rehab and hospital for years, on benefits and then in hostels, all at huge expense to the taxpayer, to the state. The rehab stays alone will have cost the government about £100,000. Probably the psychiatric stays will have been significantly more - and on top of that many hundreds of hours of support from community mental health services and drug and alcohol addiction services. It's such a fucking waste: not just in money, which is all we seem to care about, but in lives. So many deaths around me during this period. I know legions of stories like mine: no-one is counting the actual cost of our appalling housing system, not to mention the true cost of all the other deficits in social services and social security which end up costing so much more then it would cost to make sure these problems never happened in the first place.
@@truth.speaker Eventually, I was put in emergency accommodation then a hostel, but the hostel was so bad, so hopeless, and so dangerous, I decided for my own safety and sanity to go back out on the streets. The hostel had nearly 100 people in it who like me all had serious trauma, were literally all addicts (well, I never met one who wasn't), living in such appalling circumstances that suicide attempts and overdoses and deaths were a regular feature of daily life. After that I was put in more and more small and inadequate B&B rooms that had no cooking facilities and were miles away from Brighton where all my support services were, so I would again and again abandon them and go back to the streets in Brighton. Eventually I got into a more suitable hostel and then rehab, so that was the beginning of my recovery. The problem with the council is that they take no account of your social and psychological circumstances, and routinely offer totally unsuitable placements that people can't endure. I said 'please, don't offer me a B&B in Eastbourne because I can't be so far away from support, and if I refuse then you will call me intentionally homeless and not offer me another place'. The housing officer said 'OK, I understand', and disappeared for a few minutes, returning with a letter. It was an offer for a place in Eastbourne with the caution that if I didn't take it I was intentionally homeless. If it wasn't for the intervention of mental health services, I'd still be on the streets now. This is why so many homeless people give up trying to get housed and spend 30 odd years on the streets, many not even claiming benefits. Their lives involve nothing but going to the free food places and the soup kitchens, waiting for death. I don't think we can truly understand this society without understanding the true stories like these - homelessness, addiction, mental illness, criminality - the repeating pattern I discover in such stories is life trauma, almost always unparalleled childhood trauma. I was utterly shocked in rehab when over half of the people there revealed that they had been sexually abused as kids, three of them being men, two of whom were straight. About 80% had been street homeless too. But we never seek to understand the actuality behind these social labels: we never study social reality, by which I mean the real lives and real stories that are only ever understood macroscopically as the social problems that emerge. Really, all childhood trauma is social trauma, because in a good society there would be water-tight mechanisms to ensure the wellbeing and safety of all children, all families, and all citizens. Compare us to Finland who are ranked the happiest nation on Earth - free healthcare, free education, a sound safety net, and if you fancy quitting your job in order to take some time out, or to travel a bit, or to eat pizza in front of the TV for a while, you get benefits! And they wouldn't change their system for the world. There's good RUclips videos on this. Sorry! Can't restrain myself today.
no matter where someone sends a person, if they are offered a roof over their head id says its probably best to take it. even if further away from your usual services, there are always still emergency lines that can be called from any location to access emergency services that are available within the area where the emergency accommodation is. the risks are too much on the streets, with unpredictable weather, animal hazards, people hazards etc. overall though, I think there needs to be changes to the Housing Act
@@markohenry5891 Immigration is another problem caused by human trauma and nationalistic societies who are irresponsible when it comes to the problems of the world. If we care only about ourselves the rising tide of problems will eventually come knocking at our door. That is not just a statement about nations but about people. We never cared about poverty when it was other people's children. We never cared about the migrant child washed up on the shore because again, it was someone else's child, not even a British child. Thus, we make our own graves and cling to a way of life that has cost us the Earth and all our children's futures. This is who we are. We're beginning to wake up, but we may be waking up to the realization that it is far, far too late. Perhaps the experience of homelessness will prepare us better for what's coming then the lifelong comfort and stability.
@@zcharged8294 That's a judgement. And it's easy to assume homeless people lack judgement, but I did a degree and a masters, and did well at them: I've had a good job: I venture to suggest my judgement is good as the next person - and I shouldn't have to offer my credentials in order to affirm that point. Homeless people are not homeless because they lack judgement. In a way, they are homeless because they lack understanding, and I'm afraid to say the chief reason we don't understand the realities behind labels like homelessness, addiction and so forth is because we so easily judge prior to investigation, thinking we already know, and consciously or unconsciously, we assume that these categories point not to human beings like you, but to unreliable narrators. As long as we have this attitude, we will never understand the problems that lead to homelessness, addiction, criminality, insanity and so forth.
I‘m from Germany and it’s the same over here… Especially the inner cities are so expensive that most students cannot afford to live there anymore. My husband and I were lucky enough to by my childhood home and it‘s big enough so our children could live a fairly independent life while still being at home. I wouldn’t do what my parents did an early on built up the pressure by saying things like „when you‘re 18, I‘ll pack your bags“. If you want kids - that’s a lifelong responsibility. Forcing children to move out when they are not ready financially or mentally in this day in age with housing prices skyrocketing to new heights every single year is just not fair. My children can live with me as long as they want. (And my older daughter is a teenager - so no, I‘m not saying this cause I‘ve got two adorable toddlers at home 😅) .
This mentality is so healthy. I'm so glad you understand that we need to help each other out in this world if we ever plan an making it worth our stay. I hate the idea of completely disconnecting from family at 18. It's so cold.
@@tonyhaynes9080 yes we do. It’s finally now keeping people from buying houses and you can see a slow dip in the prices of single family homes but really slow.
@@Com-bc6jl Its an incredible toxic thing to do. Why have kids when you want to get rid of them as soon as legally possible. Those that throw their kids out at 18, are the ones that than complain that no one visits them in the retirement home. And I won't allow for the excuse "they need to learn to pay the bills and be independent". If you as a parent did not teach your kids that, you failed as a parent miserably. My parents taught me the concept of bills and responsibility at the age of 10. When I moved out to my own place, I was not suddenly suprised that rent and energy is something you actually have to pay for, and food is something you actually have to cook. If you 18 year old does not know any of that, I'm looking at you, dear parents.
@@kamilareeder1493 That makes no sense. If she struggles with rent, she should encourage you to find some job that can help support the costs, but not throw you out.
I'm 37, on an acceptable salary for London, but can only afford a room rental in a house share. I can't believe I'm this close to 40 & almost forced to share a house with a stranger because of how much of a sh*t show the UK rental market is & just how expensive everything is. I've given up the dream of buying my own property. It's never happening. There are too many new homes being built, because no one can afford to buy or rent new builds. The spacious, empty, beautiful old boarded up homes need looking after & making liveable. We don't need more new builds, we just need more rental properties.
@@edvinaspetrauskas7594 Life isn't that simple. It's the same issue moving out of London. Not enough rental properties, especially those that accept/ are suitable for pets. Lower salaries out of London. It's a no win no win regardless. I upped my whole life to move to London 2 years ago, I'm not about to throw it all away.
The price increase is fine but the quality of properties have actually drastically decrease. We need an independent watchdog that go around to every house on the market and assess whether or not they are suitable for living.
what seems weird to me (that doesnt live in UK) is that ur houses doesnt seem designed to withstand and cold during winter. I talked to a guy who lived in a really luxurious apartment in London with crazy high rent but even his place was rly cold during winter
@@tpeterson9140 yes thats the harsh reality.. tho in the rest of uk.. new houses are being built with proper insulation( on roof,under floor and in the walls) n come with 10 years guarantee if smth isnt going as it should. The other common practice is to buy a house n then put the insulation needed.
@@dappadondadda100 it’s very much realistic. Consumers need protection in order for capitalism to work especially when there is a high demand for finite supply of housing. We pa politicians to protect us from them.
I got kicked out at the age of 26/27 and rented a room in London, the room was literally a box with no windows, all for £300 a month. I was happy with the price at the time as I am a minimalist and don't carry much around but it was an awful place to live with 4 other people living there, the landlord was always around and it was uncomfortable doing anything especially the hygiene issues, pure disgusting.
I am currently living in Dublin and we have the same problem. People are sharing the same bed to sleep and you can see homeless everywhere. The government is ridiculous .
Dublin is even worse :D I've lived 9 years in Ireland and moved to UK 5 years ago. Even 5 years ago I remember lots of ads on Daft, where people were sharing beds! Or living in a room with 2 bunks beds, paying like 500 EUR per 1 sleeping place (so 2000 in total for a bedroom)
Please explain that to the idiots.on here who think it's ONLY Britain that has housing problems. Also to thickos who compare countries like Norway and Denmark ( 5 million population ) with UK !!
I’m 58, lived with my parents till 31. Saved my money and fiancé did too. Then we bought a house. This was at a time ppl generally moved out when they were in early 20’s after school completion and job getting. There’s no shame folks. It’s harder now yes, but doable. Our 25 year old son still lives with us, saving his money.
As an undergrad student with an average maintenance loan, my rent is higher than what my loan can afford me and it has also been put up 3 times in the past 2 years. Housing is an absolute shambles with so many friends falling ill with mould poisoning, having no heating in freezing conditions, and not having enough money to eat, and landlords do not care they only ask for more money. I feel like students have been a very underrepresented group in the cost of living/renting crisis, and I'm scared of the consequences if no one does something soon.
Ever since Covid higher education students have been completely thrown under the bus with covid and the current economic climate, my final year of Acting school was completely stolen from me and yet I'm in debt for the same amount of money
Comments are very interesting. Just shows the gulf of generations who don't "get it" on how tough it now is. I am 46 and rent because I have no choice at the moment and live within my means to save. Part of me is glad as it's helped me have empathy for how tough the younger generations have it.
I have 3 daughters living with me all adults, I have told them they can stay here for the rest of their life's if they want to. I don't know why people find it strange if you are living with your parents.
We moved up north earlier this year. There's simply no way we could have afforded a home otherwise. I understand this is not realistic for most people but you should definitely consider it. For us personally, it's the best decision we ever made. London is a hellhole.
Same problem in Australia. We are moving back to a feudal society. Landlords can buy houses with money they have not earned. If you have a spare home you can borrow to buy more because renters are desperate.
This is why zoomers want to do OnlyFans, crypto, being an "influencer," etc over your standard 9-to-5 job that pays you ~30k a year. And even some of those who saved and skipped on the avocado toast have still been screwed over thanks to the cladding crisis.
@@dmystify1381 You do realise that the top 5% on only fans make a bout a 1000 a month on average. The overall average for only fan models is 180 dollars a month. OF is such a over saturated market you would be insane to even try it.
It’s a perfect storm in the UK this year with very high inflation, increased rents, decreased supply, and record high energy costs. I feel lucky to have left back in 2019.
It is pretty much the same in the US. My childhood home in the 1970s cost my parents $70k. Today it is worth $1.7 million. If I hadn't bought a condo in the 1990s, I would never have been able to get an actual home where I live.
I moved back in with my parents at 28 when my relationship at the time ended and I was left with nothing. I'm now 34 and saving money to someday buy eventually, but the line is moving almost quicker than I'm able to save. It's beyond frustrating, but I'm thankful that I have the option to live here and that I have two rooms for myself.
@@indiancowpeedrinker9241 I knew one Indian guy he spent sometime on a student or tourist visa in Wales , his flatmate was a Lankan scammer who did cellphones.
The mould is very dangerous, both financially and medically. As a former landlord with a 60 yr old house I had to spend 1000's in remedies and repairs to eradicate black mould from the house. Attention to roofing details, new windows, vents installed and fans to remove stale air in kitchens and bathrooms etc. These measures only reduced the mould somewhat, you also need tenants to adequately air (open windows daily) and heat the house adequately. Some do and some don't. I was lucky in that the local authorities gave me time to arrange the works and also had tenants who arranged some of the works and carried them out at cost. Mould gets into furniture and prevents the use of built in wardrobes etc. so all had to be replaced or repaired.
Yup, I just recently moved in with family at 30 due to rent and cost of living combined with taxes, it's unlivable these days. I don't even feel bad, we just live in a broken country.
Don't feel bad, mate. It's becoming a more and more common occurrence. Add on the energy costs and we basically have a situation where unless you have a VERY good job, it's practically impossible to rent AND save up for a deposit.
@@benghiskahn3673 I’d say 95% of those I know were gifted their deposits. Very few save up for a deposit, even less rent and save up I agree. It’s all a bit twisted and needs some levelling
Can't be that bad ? Spending nearly £ 6 million a day putting illegal immigrants in hotels.. Net Migration last year ; 500,000 . Why is there a shortage of flats..... ....dur..??
I've had no choice but to rent from age 20 after finishing uni. I am 35, have decent job and deposit but the house prices are going up faster than I can save and the prospect of my own home is becoming a pipe dream. I'd never have thought I'd be considering myself lucky to be living in the rental that I am. When I moved in it was (still is) run down and hugely overpriced. But I've been here 6 years and the landlord hasn't put the rent up meaning I now am paying less than most places advertised so I daren't move or cause any fuss about the gaping hole in the rear door during freezing temperatures or the 30 year old boiler that is hugely inefficient and cost a packet to run. I'm only able to save anything at all because I have housemates... 35 and if I want to have my own space I'd barely be breaking even... never mind OWNING that space... broken Britain indeed!
Rents in the Phoenix Metro have skyrocketed. Where I work, four full-time employees got together and rented a house. It sounds like things are just as crazy in the UK.
I live there right now.. rent has gone up around $200 this year.. I literally can't even find an apartment right now under $1000 for a studio.. I might have to move states, but have no family or anyone to stay with for a bit.
I managed to get out of the renting trap after saving for a deposit over 6 years, I lived in the same house for 10 years with the same letting agency, I handed my notice in no confirmation, within an hour 2 viewings had been booked in, they had listed the property with the same listing and pictures from when I rented the property in 2012 alongside this they had put the rent up 30% from what I was paying.
@@tomjones8715 I got a dehumidifier see if it works. Landlord is a housing association and they sent the detailed break down of what money goes where. Im an assured tenant and they have to go to court to evict Me. They no longer offer assured tenancy and most of the people in this block can be evicted at any time and they have to sighn a new tenancy agreement every year. That's why I'm not moving because I will loose My assured tenancy.
As someone who grew up in London and now lives in Nottingham. I cannot express how much of a bad idea renting in London is. I can get by on low wages because of lower rent and food prices. Good luck if you're stuck in London ❤️
@@beardedjb2273 yeah I feel that one. Studio prices are a myth to be fair. Fortunately notts is quite small so it's possible to live in a cheaper area and commute in or just work from home.
whole south is a total rip-off... the north has the same jobs for the most part at the same salary level and the house are almost 1/2 price if comparing south outside london with north.
As someone who was born and lives in Nottingham, the whole city feels like an extension of the university campus now and nothing but student accommodations are being built. The city has really gone downhill over the years.
I am from Brazil and 35. The problem here is like, I live with my parents and I pay the rent too. I'm going to build my house this year and we will still live together as I'll take care of them.
It's ridiculous how hard it is now. My husband & I are currently in London & we tried moving up to Manchester a few years ago so that we are near to my family but it's proving very difficult.
I'm 32 years old and I still live with my parents. And have done since I graduated from university (this coming July will be 10 years since my graduation!). While I'm working a full-time job in financial services, my salary in my current job and from previous jobs are sadly not high enough to move out when all added together. While I don't have in any way a bad life living with my parents, I one day hope to move out. But the last thing that I want to do is move out too soon, not be able to afford it and then move back in with them again. And with the UK now in a recession and potentially in a longer and worse one than the financial crisis of 2008, finding a job with a higher salary in order for me to move out seems like a dream. I'm not giving up in any way but equally understanding that trying to move out in 2023 at least will be a tall order. Rent and buying prices where I live are simply out of reach at the moment.
I'm in the same boat as you. Does anybody ever make you feel like you should be ashamed or that you're a loser for living at home? Because that's the feeling i get from other people (might just be in my head). If so, how do you deal with it?
guys i'm not entirely in the same boat but currently do live at home am proud of it, because it is an actual house..! Coming on 3 yrs here now. Last year unbeknownst to me i had a gut bacteria called giardia that was giving me malnutrition so had to quit/get fired for poor performance a few times and have had a very inconsistent work schedule for 6 years, but also in that time i did manage to make £70k (for my business so not exactly my own pocket). And with some help used some funds to build my own cabin in the garden, even taught myself some shoddy skills to put the doors on myself and save £600.. If you have a garden with road access I could probably do it again for £5-6k cost and you'd get a nice 30M² to yourself & any ladies, let me know if you want some advice arranging it. Been thinking about offering it as a service but wouldn't charge for a profit until i got some more experience under my belt. All the best.
Try putting your name down with the council. If you earn less than £50,000 pa and you are over 18 you will be housed after awhile. It might take 2 or 3 years but at least you will have a secure tenancy. It's what sensible people do.
@@TerribleCovers11 It shouldn't be that way, as I think we're finally learning as a culture that moving out costs are impossibly high compared to what they were. There has to be some kind of level headed agreement that rent has just gotten too ridiculous.
I don’t understand this culture where it is a crime to live with your parents, it gives them company and allow you the opportunity to strengthen your finances, while teaching abusive landlords and the renting market a lesson. Solidarity! Help each other people!!
That's like saying "don't eat food to teach those big food corporations a lesson". We need food! And we also need a place where we can live our lives the way we want. Living with your parents is not fun for most people.
One solution to this problem is empty offices. There are a lot of them in big cities, they walk down the street and everywhere ads are given up, given up, given up. The authorities can take these premises and turn them into housing, this is one of the options for solving the problem.
This is being done in a lot of places, especially East Asia. Like Vietnam, Thailand, Laos, etc. The main issue they have is not enough water pipes for showers, washing machines, dishwasher, etc. But cooking can be done electrically. It can happen.
Investors can’t predict the future, bearish periods automatically give way for a new set of stocks to buy and watch while setting the stage for a new profitable uptrend. I have come across articles of people that grossed profits up to $250k during this crash, what are the best stocks to put on a watch list or buy at the moment?
All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.
@@bernisejedeon5888 Iron-ically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $ 280k in the last 4 months by invest ing through my F A.
@@JeanpaulCeme My Financial Advisor is JEFFREY HAROLD STARR I found him on a CNBC interview where he was featured and reached out to him afterwards. he has since provide entry and exit points on the securities I focus on. You can run a quick online research with his name if you care for supervision
@@fresnaygermain8180 Thank you for this Pointer. It was easy to find your handler, he seems very proficient and flexible. I booked a call session with him.
This is so true. When I first graduated and made £22k I had to share a room in a house of 6. It was disgusting and some of the housemates were psychos (one had keys to my room, I litetally slept with a knife under my pillow). After few months I decided enough was enough and I moved in with my partner who I have been living with since. Its impossible to live alone in London. Even if you make 100k+, a typical new built studio or 1 bed is like £1.5-2k. And then add council tax, increased electricity and gas, internet, phone, transport, any other subscriptions etc. It's ridiculous. And then what will you even save up?
And London was even worse in XIX century, Just to have an Idea; two words:The great stink. A Lot of people were cursed and still are cursed to live in these big cities because of the enclosure
Correct. Early 20s we'd all love to be on 100k. These days. Once you pay of the bigger mortgage and bills the rest doesn't last long. The lifestyle we dreamed of needs millions.
So if your salary was out of step with the standard for your job, and your boss offered to increase it to match the going rate, would you refuse because you're 'not greedy'? Or how about you decide to sell your car, but instead of selling it for the going rate, you choose to discount it heavily so as not to be 'greedy'?
@@jamesdarby3991 Not at all. It's exactly the reality of the claim that landlords are 'greedy' because they stay abreast of the market rate. If you're opposed to that kind of thing, you should be happy to work for less than the going rate. And you should be happy to sell your car for less than it's worth. It's EXACTLY the same as a landlord charging the market rate. Not one bit less 'greedy'. Or rather, none of it is actually greedy. People call it greed when they're at the receiving end, but 'fair' when it's a win for them.
Fortunately, there are still places where you can live comfortably around the world. I moved to Brussels in 2021 and with an average salary I was able to buy an apartment (flat mortgage for 20 years). All my friends here who moved out of the UK say that there's no way they would ever go back there, partially because of a fact that you can rent here a 80m2 apartment for around 900€ a month.
@@tg-lt4yn And for Belgium that is still considered expensive lol. If you live outside of Brussels, and would be willing to spend 20 minutes on public transport, you can probably get something for €750.
And now I suddenly feel thankful for living in Brussels. My rent for a brand new studio is 810€/month, which isn't ideal considering my current salary but it's a great bargain honestly!!
When I moved out of the UK 16 year ago, I never expected it to be the best thing I ever did for myself. The whole country has just gone down the pan. A shadow of it's former self is an understatement.
@@llama2851 wow that is cheap! Maybe I could even have a family there. Of course I'll have to try and learn the language to.. But yeah, the odds of me buying a house and having a family etc on a lower wage is looking like zero! At least here in the UK. Some guy in these comments said it's a big world out there and to look for other places, rather than stay in the UK. Have you been to Bulgaria?
@Klaus Can you quote me a scientific study that conclusively support your claim that migrant workers cause wages to stagnate? I would love to read and study it. May I offer an alternative view in the meantime that wages are not growing because the country as a whole is not becoming much more productive.
wish i had parents to live with.. im stuck in an abusive relationship and have nobody to run to to sleep on their couch or anything.. ppl are lucky to have others who care
Stay focused on leaving. Make it your souls mission. Learn to earn more money in whatever way is available to you. Then leave when you are able to. Don't tell the abuser. Pretend that you like him or her. So what you have to. Whatever you have to. And if your a women take birth control. Do not breed with this person. Become the best actor in the world while living with your abuser, don't try to reason with him or tell your truth. You can't fix crazy. If you stay strong and commit your to the mission of leaving and being independent you will be able to do so.
@om-nj2hw what you have said is a pretty messed up way of thinking. 'Stuck' in an abusive relationship, just leave and dont play stupid games. Your answer is to use and play stulid games? Simply leave.
I'm 35 and iv been playing rent since I was 19 years old. It does have psychological problems not having your own place and allways have the fear of having to move 😢
One factor that I haven't seen mentioned is the fact that so many people are still single in their 30's as opposed to even 20 years ago. I'm not saying everyone should get hitched in their 20's, but it made renting or buying a home much easier when you had a household income that included two people. With so many singles it creates quite the log-jam with available housing.
It does but the only problem with that is what if you break up.? The deposit gets lost (unless one of you can afford to pay off the other and take on the mortgage solo or the house gets repossessed and you both are back to parents with nothing to show for it.
You shouldn't have to have a partner to be able to afford a house.... In the before the 90s it was much more affordable even as a single person. In the 50s/60s/70s you had the husband going to work while the wife stayed at home with 2/3/4 kids and they managed to buy a house with a single income household and numerous kids.... The only way you can do this now is either become a single mum and claim benefits or an asylum seeker.
Dating isn't what it used to be trust me. At 25 it is hard. Women are so, so selective nowadays. Online dating has changed everything, and hook up culture emerging again. I'd be lucky to maybe get a response from one maybe two women at most, even then it's a gamble. The Juice just isn't worth the squeeze. And no, cold approach doesn't work anymore unless you are blessed with good looks. And don't forget the new cat calling law to! Edit: Yes I have experience dating and being in a relationship, but I just wanted to point out things are different now, womens attitudes have changed.
@@shanepatrick641 women are so so selective? Sad because I feel men aren’t wanting to commit these days. I just want a good communicator who is honest. Seems the ppl who actually want a relationship cant meet due to life circumstances 😂
More people are having their lives ruined because of renting than anything else it’s so difficult because you can never relax thinking someone is going to chop your head off any second and throw your life into chaos. There needs to be more protection for people that rent properties or at least more property for them to rent. It’s getting absolutely ridiculous the amount of emergency housing does not cover hardly anyway towards solving the problem. It’s a massive problem and no one is doing anything about it it seems. It’s take the unfair and just a form of slavery now.
@@derekporter66 I'm not complaining, i got my stuff together, but it should feel rough spending 50% of your salary on rent/taxes, not even talking about young families with alot of kids
My landlord and her partner are both taxi drivers who own 6 properties and rent out 5 of them. They bought both their parents council house, their own council house and their grandparents council house all for a ridiculously low price and are now renting each of them out for £850 a month. Mean while my partner and I are both uni graduates with "good" jobs and cannot afford to get our own house. Putting a limit on how many "affordable" houses one family can own might be a good start to getting first time buyers on the property ladder. As it stands one generation has a complete monopoly on all affordable housing in the UK due to being born at the right time, while young people are being shafted. P.s. My landlords are really nice people and I have a good relationship with them but it doesn't change the fact that their generation is hoarding property. This inflates property prices and financially cripples younger generations.
What are you studying? Uni occasionally is not what its cracked up to be. What debt will you have from uni...taxi drivers badge, fees comes to £700 and they can make hec of a living.
@wcdrobbo4483 Being the benefactors of a particular housing plan and utilising it to your advantage doesn't make someone a bad person. I think we would all like to own 6 properties and rent them out if we could. Its not my landlords fault the government were basically giving away 2-3 bedroom houses for years on end. However the same government should realise the problem they have caused and take steps to even the playing field between old and young.
Let us say the government is trying to make small businesses and land ownership unprofitable so the commoner owns nothing and everything is in the hands of a small few. What would they do and how would they go about it? They've done an awful lot of that stuff haven't they? Despite making record profits, landlords in developed economies are losing properties, not gaining them, so clearly, it's not as simple. Small businesses? We lost half here in California during the lockdown. Their storefronts were all bought up by big companies. If they don't want me to assume this to be the end goal, then they should act less like it is.
@@gamble9437 25 years ago I was saying that buy-to-let would ruin the UK property market because it would lead to middle-aged Mildred and her husband owning all the affordable homes. People laughed at me at the time, but I bet they aren't laughing now that their children can't afford to move out. The thing that really used to annoy me was estate agents advertising every small flat as "An ideal investment property". Why can't landlords invest in something else so that young people can afford to buy homes?
Back in 2007, during my time working in real estate, I witnessed people purchasing newly built homes from builders with the plan to sell them before the closing of escrow to another buyer for a profit. The crash hit hard and fast, and I vividly recall many of these units ending up foreclosed upon, with the builder's plastic still covering the carpets.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
Jessica Lee Horst is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.
Not to do with renting I know but it is related: my partner and I both work full time, don't have children and save a good amount of our salaries every month and yet we will STILL struggle to get a mortgage large enough to buy a house. Something about the UK housing system is very very broken.
Nailed it on the head. Excess investment funds have to go somewhere. After 2008 you had low housing prices and low interest rates. REITs bought all the affordable properties, thus causing a shortage which raised prices and priced out buyers. Those potential buyers are renting from the REITs so that they can have a house but will never build equity. Those that have even less are stuck in apartments at the mercy of landlords. The rich get richer.
You also import foreigners like it's going out of fashion. It was over 400k people last year. That's a ludicrous number of people arriving versus Canada's population.
I live and work in Switzerland as electrician. Earning 3800 Fr. If I had to rent an appartement a third of my salary would go for the rent. Another 10% for Healthcare wich in Switzerland has to be paid every month even if you don't benefit. Then car assurance, motorbike assurance, electricity, phone, ect... I would have to live for working instead working for living. So I stay with my mother so I have a bit of money to go to the gym and eat fresh food not junk food.
Don’t you guys make a lot over there? I’m training to become a uk electrician myself and I hope to god that the money is there and I can survive working as an electrician!😢
Honestly, what is so shameful about living with your parents? Not so long ago, most people lived with their parents until they married and established themselves in a profession.
So many people I know in London including myself have been kicked out of their place, forced to pay £300+ more a month for something further or worse to live in. I was so close to giving up and leaving the country while searching for a house
@@wulfsorenson8859 you realise most remote jobs are hybrid right? Very few are still fully remote. Which means commuting into an office a couple times a week. So you have to live close enough to commute (expensive) plus the cost of travel (expensive and unreliable).
I'm so sorry. People who have loving parents with a house are miles ahead of everyone else. It's so annoying when people complain about having to live with their parents.
@@Rafaelleao1977 everyone is not meant to be rich, even if everyone tries their best for it. what people don't understand noeadays is that living a normal life is not such a bad thing
@@Rafaelleao1977it’s easier to save all your income at your parents then to spend 75% on rent and live on whatever’s left. For young graduates or people nothing is wrong it’s not permanent it’s temporary until you have a deposit on a house. Yes not everyone has the privilege to do so but those that do take it.
I've left London to Paris 5 years ago and that was the best decision made in my life. One of the reason I've left London was that my bf at that time got very sick from damp, our rent was £1700 a month in Camden. Our salary tripled in Paris, our rent went down plus i have now 49 paid holiday.
@@estelaangeles2346 I can confirm this, as a French Parisian myself. For several years some Parisians have been moving to other French cities (Lyon, Bordeaux, Nantes, etc) because of the Paris housing prices (either for renting or buying)
I used to live around Canada water, I was a student and the rent was 500pounds and now it’s 800pounds. I lived in London at right time and left at the right time but I love London and English people and the people from other European countries and it was fun to hang out with them. Hope the rent will go down, the prices are crazy.
In Asia you live with your parents a lot longer, this problem also stems from people feeling they have to leave there parents, if you have good relationship with your parents there is no need to, its just peer pressure, living with your parents is having somewhere to live. And not only that , you can save ALOT more living with your parents, as long as they are decent people.
It also stems from parents feeling like they need to kick out their kids. My pops called it "tough love" and kicked out me and my siblings, youngest one being 16.
20 years ago you could Stack shelves in Tesco and own a home, now you can be a Dr and not earn enough to be accepted for a mortgage around south east. This means people have to rent Landlords own 40% of the housing market, if half sold up it would ease costs
Welcome to a debt based economic system where there is no underlying asset restricting your cabal of central bankers from printing fiat currency. If you trade your labor for an income your time is being made worth less as a function of moneyprinting. Step outside the system and use non-sovereign currencies & own assets. Otherwise you're in Klaus Schwab's world where you will "own nothing and be happy" under the CBDC.
Living in cities in England makes no sense to me. It looks like a struggle to survive and to add insult to injury you have to live in a city in England.
I love living in London. Other than housing costs, it has great public transport (I don't have to drive), and lots of opportunity to do stuff, like go to cinemas, lectures, the theatre...etc. As well as a number of nice parks and canals and interesting career opportunities.
@@merrymachiavelli2041 not for me, takes hours to get anywhere outside of the city & in the city most of the things I like to do are not possible (mountain biking, hiking, road cycling, walking on the beach, playing games that take up take space, growing plants, building things, riding motorbikes) in London I feel like it's only easy to watch other people do stuff (eg watch people act stage/cinema). London would have been OK when I was 17-23 (if I had enough $ to go out), but to me London is a great place to visit & a terrible place to live.
@@W1DO Different strokes for different folks! I don't do sports. I do get it's not for everyone. Personally, the biggest specific draws about London (compared to other cities in the UK) are educational opportunities - I can go to a different lecture or exhibition every week, often for free. And the ability not to have a car. I _really_ hate cars (aside from anything else, they are hella expensive to buy and maintain) Side note, but it's kinda paradoxical - people in London might be the most disconnected from nature, but as a region we also have the lowest carbon footprint per capita in the UK. High density urban living is generally greener. All I'm saying is that there are upsides.
@@merrymachiavelli2041 I generally think the way carbon calculation done is skewed to benefit people who own land and property, but that's another argument. I do get the argument that "factory farming" humans can be lower carbon though. I also love cars (I have owned many track cars and like race motorbikes too). I feel like using petrol just to get to the shops or for mundane tasks is a waste of petrol though and would rather ride bikes where I can...
Stuff like this is why expats from the U.S. and Europe move to places like Thailand or the Philippines. The cost of living is way less but the quality is either still the same or a lot better. Especially if its a beach front property.
Take good care of your mother, be proud of yourself. Remove the word ‘still’ from your statement. You have dignity and you treat your mother with dignity. I respect you Ramy.
Same thing happening here in the USA . Estimated 40% of under 30's are living with parents because rents are ridiculously high. Housing prices are so out of reach as banks give mortgages to just about anybody resulting in too many people with borrowed money, and not enough housing, fueling ever rising prices. This has had the knock-on effect driving up rental prices as people (potential landlords) overpay for property. The cheap or affordable rental housing or apartments for lower income earners, (persons who make less than $30,000 pa) just don't exist, even outside of major cities. The only places that have cheap housing are the depressed areas like ex-factory towns where manufacturing has moved overseas and there's no work.
I feel really sorry for those who have no options, and are forced to pay this! I was lucky I could stay at my parents. It's sad so many people don't appear to have the option of living with their parents
U have no culture of living together with yr elderly parents & to serve them when they need you. that is why you too do not deserve to live happily .The Allah is mercuiful and we too should be.. but unfortunately you are lacking it!
Why would you want to? Its embarassing once you're into your 20's. Can't be considered an adult if mum and dad still have to look after you. I don't care about the costs, you make your own way in life.
@@lawrencebaker1811 Living with your parents doesn't mean they are looking after you. Like you still have to pay for the household and share the housework. I'd rather live with parents and save for mortgage.
A lot of the mold problems can be alleviated with a good cleaning, avoid opening windows when it’s humid and a dehumidifier to prevent it from coming back. I did this and kept the mold from coming back this way. I do recognize that there’s a renters dilemma, but I also see a lot of renters don’t pull their weight when it comes to maintaining their rental.
A severely underrated comment. As someone who came to live to the UK from the "outside" I was surprised to see how little effort and knowledge do most people put into caring about their homes (and bodies).
I'm in my 30s, in a full time job and still living with my parents. I don't really see myself buying a house, or starting a family. All that comes with a price, and under the current climate it's just not possible.
I’m 34 and lucky to live with parents. No gf/wife and def no kids. All the money I make goes to their account. I only take to buy food. Save tons and tons of money I’d be spending on rent or if I bought a house under this hyperinflation catastrophe. Homes that should be in the low 100s going for over 300k.
@@shanepatrick641 I agree. Homes where I live are simple single family in the suburbs. In 2009 ish the most expensive house in my development went for 200k….now the cheapest smallest one is going for well over 300k. It’s ridiculous. Nothing tangible added, same house, same structure.
![Coheed and Cambria - Searching for Tomorrow [Official Video]](http://i.ytimg.com/vi/hDsYGLbmadg/mqdefault.jpg)
In the early 1990s, when I bought my first home in Miami, first mortgages often came with rates of 8 to 9% and 9% to 10%, which was quite common. It's important to consider that we may never return to 3% rates. If sellers are compelled to sell, home prices may need to decrease, leading to lower valuations. I believe many others share this line of thinking.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
Sonya Lee Mitchell maintains an online presence that can be easily found through a simple search of her name on the internet.
Thank you so much, this is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon.
My parents kicked me out when I was eighteen, I squatted countless buildings whilst trying to hold down jobs, even study. Now I'm 34 and still live hand to mouth even with a job whilst my mum runs an Airbnb and my dad has his second family. In my experience the reason for this "perfect storm" is selfishness.
And the older generations wonder why we despise them
What awful parents
In India, parents want us to live with them throughout their life. Even after marriage, we all live together in one big house. Life in India is far easy I think, even if you earn less you can still live a good life.
@@shauryasharma7647 Wife, MIL, and then other women in the house. It becomes a nightmare. 2 women can never live under the same roof.
I’m so sorry they’re narcissistic and horrible. Hope you’re ok rn. Keep fighting!!! My dad is a millionaire and I’m a nurse living with my mom. Not complaining as things could be worse but I def understand the feeling of having a rich parent and them not giving a damn about your issues. God speed.
There's no shame in living with your parents. You can help them out and give them company. There are many other genuinely shameful things people do in this world but I'm pretty sure living with your parents is not one of them.
seems a good idea to me.
Good idea! Also stronger family bonds.
Stimes isnt possible and u end up in street like I did with severe covid..my life is over and ruined
Yeah... my family's cultural background doesn't frown upon living with parents so you get to grow up with your family and the environment you have can add a lot of meaningful moments to your life.
Bottom line is - it's not a good thing to be someone who just decides to up and leave when things get difficult, I think (from experience) working to patch up relationships is better not just financially but psychologically.
Of course there are cases where family members are unsafe to be around but in reality I don't hear or see much on trying to make an effort to make what they already have work better...
I just moved back home and am in my late 30's. I've been on my own for the most part since I was 18 though. Decided to rent my home out and stay with family to go to school for 2 years to change jobs. I've also developed health problems since the pandemic...whole world has been turned upside down, but I know I can't give up
I rented a one bedroom flat in Slough for £875 pcm in March 2022. The same flat is now going for £1200 pcm, an almost 50% increase in a year and a half. It's completely insane and unsustainable, and makes me very glad that I emigrated from the UK.
Yes, but here is the kicker. The rate rises mean that the costs to LL went up 200+%.
@@nauxsi That rise is insane. Also, it's fucking Slough! It's not like it's Zone 2 or 3 London! Jesus! @nauxsi - if you think that is in any way reasonable, you're on some strong crack!
@@doct0rnic0 It's not ideal.
I think the government have made the situation and we're all paying for it.
Slough? Jesus christ. I'm in a shared house in Zone 3, and we're paying £3k split between 4. Having to move out soon and dreading how I'm gonna be able to afford anything on my income 😢
@@Fredreegz Sorry to hear that this is happening to you, rent is going up insane in the UK and other countries.
Renters in Australia are having their rent go up by either $100 or more due to landlords trying to get more money before the new law is passed and in place.
This is why I do not leave Sweden:
Rents are fixed according to nationalwide agreement, and the landlords can not raise the rent without permission or negotiations.
You cant no be evicted unless it has gone to court and you always have 3 months time to move out.
There is a standard on all rental apartments: There has to be stove,freeze,cooler and a wc with shower/bathtub .
The water and heating is almost always included in the rent.
I Love this in Sweden.
This is what is needed in the instead of the capitalist free for all wild west that's been going on here for over a decade.
You damn socialists! ;-)
That's fantastic and just how it should be. Good for Sweden 🇸🇪
I think you are not being truthful. I am a Swede and before I sold my apartment, I got more than 50 people wanting to rent within an hour of me advertising it. I could charge anything I wanted. Yes there is rent control but there is also a huge black market.
The same thing will happen in Sweden if the rate of immigration keeps up, Britain has had Swedish rates of immigration for 2 decades whereas Sweden has been going strong like this since only around 2014, eventually you will run put of houses to home people and the same issues will arise there
As a Canadian visiting family last year, I couldn’t believe how much more everything cost in the UK despite the fact that people make much less money for the same jobs as they would in Canada. That was a year ago… everything seems to have gotten much worse. It’s unbelievable.
I agree with you 100%
Greetings beckoning you from London England Great Britain 🇬🇧
Yeah but you have to live in Canada
@@hmq9052 Canada is a much better place to live than the U.K.
@@bid84 It's subjective. Silly man
Mainly due to the fact you can pay £900 a month rent but the Banks don't think you can afford £700 a month for a mortgage....
Totally agree mate, affordability criteria is a joke, the ordinary folk has no chance
Valid point but the problem is that most people who rent don’t have savings or an emergency fund. When you rent the landlord will usually cover things like the boiler breaking or general maintenance. Should this happen with your own home, most will fall into even more debt and possibly arrears
That's cause interest rates change and it won't always be a £700 mortgage
@@Swanseaguy1979 You get that the cost of repairs is included in the rent price? That's how businesses work. Income - costs = profit.
@@jenjones90but then your rent will go up regardless. Landlords always pass on the pain. If you can afford to rent to you can afford to pay a mortgage.
Forced to move 200 miles away from London just to be able to rent. Paying 550 for a 1 bed house in North Yorkshire. No council would help me or even put me on a list. Was told to stay at my parents until im 35 years old and then ask to be added to a register on which i can expect to wait years for a property to come available. Broken Britain.
Wow… thats insane
You did the right thing. Housing is so much more affordable up north. People worry about the low wages but a two income household both on minimum wage can afford to rent a house and run a car, that's more than can be said for most of England.
The insanity is that more people live with parents than ever and yet there’s still a supply shortfall
the insanity is why not more people live with their parent
if that mean you can save more money on renting and invest more on actually buying one
@@skellurip depends what your relationship to your parents is
@@Thedarkknight2244 landlord and tenant
@@Thedarkknight2244 yeah true, in my case I got more for my money moving out. My dad was charging me way too much. I'm his son, and yet he treated me like a tenant. Screw that! it's why I moved out. I'd never do that if I had kids. Only expect them to pay their share of the bills and maybe food. I would allow them to stay as long as they like, unlike my dad who is greedy, I would actually want my potential kids to flourish in life!
@Skelleton Man My parents are homeless and so am I. Your point is?
I moved to the UK 3 years ago and already thinking of moving out lol. Just can’t understand how a country can treat its people so bad and things keep getting worse.
Don't blame you it is getting worse and worse here.
What’s holding you here? Serious question! There are lots of affordable countries in Europe, with better quality of life, so what made you select UK from all the options?
@@Deedeevenice it's not easy to just pack up everything and just jump into another culture
@@ayme5868 Definitely harder since Brexit but not impossible
For Britons especially with the Brexit, options are slimming.
I'm a landlord in Norway, here we're only allowed to increase the price on a tenant once a year and it can't be more than the CPI. Personally I've never increase rent on a tenant but I do increase rents between tenants. The biggest issue in Britain with property is a lack of rights to tenants, wages that have been depressed due to austerity then you have the highest inflation rate in Europe. All those things put a massive pressure on the younger populous.
This has been here a while, and I see a lot of people seem to mention migration as an issue, to be clear I emigrated to Norway from the UK. I can tell you from personal experiemce that migrating from one country to another is costly and stressful. Doing so into Britain is infact more expensive than Norway, one of the few things trust me.
If we increased rent according to inflation then tenants really would be in trouble. The problem has come to a head due to increased interest rates which has been done to combat that inflation and also the change in section 24 tax, which means landlords can't offset all (only 20%) of their "interest only" mortgage. In other words the "interest only" mortgage cost for a landlord is being seen as an 80% profit and something that should be taxable. This isn't done in any other business and means that landlords who were only getting a pretty slim profit on a standard buy to let property, will now be making a significant loss.
From a landlord's perspective you now either sell the property, or you put the rent up and both of those outcomes are currently happening.
For my tenants I provide bills inclusive and the cost of utilities has gone absolutely mad, but I'm trying to limit the increases for my existing tenants, but for new tenants increasing to market rates. In terms of tenant's rights this has already changed in Wales & this will act to drive more landlords out of the market & put new ones off from entering. The new tenancy agreement is 42 pages long and by default landlords are supposed to provide a hardcopy for tenants! Section 21 (which is no fault eviction) has been removed, which previously gave the landlord some certainty that they could get possession of their property back should they be dealing with a difficult tenant and tenants now have a minimum 12 month term. What this means is that landlords are looking for increased certainty, so they're asking for 12 months rent in advance, they're asking for guarantors who own their own properties and this means that tenants who aren't able to meet this high bar are then excluded from the list.
The tenant/landlord relationship is a delicate balance & it's currently out of wack due to market conditions, government taxation and lack of supply. In my area it's now over regulated, which is making the situation for new would be tenants even worse. From my perspective where I previously would have taken a risk by taking on a tenant who maybe doesn't have good credit history, or they're in an unstable job, or they're in a precarious financial position, or they're sofa surfing - now I will take no risks at all because I know it will be nearly impossible to evict that tenant unless I go to court. This is the unintended consequences on increased regulation, it takes the discretion away from landlords where previously they could have given the benefit of the doubt and treated people on an individual basis.
And greedy British landlords
@@patrickcannell2258 Well read my reply above, most landlords make next to nothing on a monthly basis and are dependent on the property's capital appreciation to pay for their pension in later life. These are the types of people that the rental market needs and writing them off as "greedy British landlords" is a massive over simplification.
you not a landlord,,,,you are pimping people,,milking cows,,go find a job en work onest ens top explotation poor people
Yes but you also don't have thousands of immigrants arriving every week to Norway.
I live in the USA and I own a duplex and two single family homes. I would never increase the rent without a 60 day notice. One of my tenants has been living in my duplex for nine years and I only increased the rent by$200 one time in the nine years. Even with the rent increase, she was still paying $1,000 below the market value. I also give one month of free rent if they pay their rent on time and also keep the rental unit in good repair and clean. So far all four of my tenants have had a free month of rent. I rather have a good tenant than more money. I spend a lot less on maintenance because my tenants take care of my properties.
Unfortunately, most landlords don’t act like you.
You will do well in life!
You are the hero mate.
God bless you 😊
I would rather rent my house at £1200 amonth, £200 below market and give someone whos a good tenant, a break. It still does me okay.
Financial advisors: "Renting is bad , u should own and make mortgage payment"
Banks: "sorry you don't qualify for a home loan. Instead enjoy paying rent amount that would be equal to the home monthly mortgage. "
The entire system is for the poor to fail and the rich to succeed
So true you can’t win
Very true. I dit this. By 50, l have bought 3 houses, When l reach 70, l was already justawan
When I moved to Japan 10 years ago, my friends and coworkers said you’ll never be able to buy a place there, it’s too expensive. I didn’t care, I was never going to afford a place in the UK, and didn’t want to pay someone’s mortgage. Not only did I buy my own place in Japan, i have a far better work life balance which is miles better and living the best years of my life in my late 30s than is did in my 20s in the UK.
It's in the news Japan has over a million empty homes that the government is selling off for cheap prices. People dying off and a lower population leaving empty houses. But Japan is not big on immigration I guess unless someone gets a job there?
Are you doing the 'Live in Yokohama, Work in Tōkyō' method? I'd imagine its a lot more cost effective.
Yes but you may live far away from elderly parents
@@samthepoet107 The reason for this is that the Japanese government made sure that everything was fair in life for everyone i.e. housing, healthcare, food, education must be cheap and fair as people require these for survival.
The inheritance tax is 55% for housing and redeveloping the same house is not worth the cost hence the reason why houses are empty thus allowing people to own an affordable house. Healthcare, the Japanese people must see a doctor even for a cough, as they are encouraged to do this and with a population size double of the UK, since the UK struggles with its healthcare where people blame the immigrants, I know as I'm a UK national, the Japanese healthcare has no issues where its paid for or ppaid by the government and unlike in USA and UK where private healthcare is super expensive, the Japanese government made sure that the practice of charging obscene prices for healthcare don't take place and the same goes for food etc.
Japan may have its flaws, but their culture where humans needs everything affordable to live is exemplary for the rest of the world and the reason this happens in the western world because the people allowed its government i.e. UK/USA corrupt governments to do this to them and the culture in it's self is very low when compared to the eastern culture.
It's because they have kept their immigration under control.
It's such a shame that we are made to feel ashamed in this country for living at home past the age of 18. There are many societies where staying at home is completely normal, you all pitch in and you're a true family. We've somehow been convinced that moving out at 18, struggling to pay rent and only seeing our family members on birthdays or christmas is 'normal'. So i personally see a real positive in families sticking together for longer, as it should be.
As asian.its so weird to me that you need to move out of you parents house when you're 18 in the West.
@@aikogiron3449 You don't. He's talking rubbish. I can't ever remember hearing of anybody being ashamed of it.
I'm Greek. Living with family until we get married. Great idea!!!!!
Migrate to Nigeria and thank me later 👍👌💯
My son lived at home till 26. Then I said, Time to leave the nest, son, and FLY...FLY son! Such is the natural order of all life...
I anticipate a housing market downturn due to the numerous individuals who purchased homes above the asking price, even with favorable interest rates. Despite the low rates, many are now at risk because they lack equity. If housing prices continue to decline, they may face difficulties selling or even risk foreclosure if they can no longer afford the property. This scenario is likely to impact a substantial number of people, particularly with the anticipated surge in layoffs and the rapid increase in the cost of living.
Predicting the housing market in 2023 is challenging because it remains uncertain how swiftly and to what extent the Federal Reserve can reduce cost surge and borrowing costs without negatively impacting buyer demand for various assets, including homes and automobiles.
Can you suggest the investment coach you've been using? It appears you've had success with their guidance.
same story in China
In Canada, we are seeing people defaulting on mortgages they can no longer afford to pay on a million dollar home!!! $3000.00 a month for a mortgage payment is not sustainable for 30 years!! It is insane.
Low rates? What drugs are you on? Rates here in Oz are at 6 - 7%. No down turn here, not when they letting in all the migrants and there's already no housing for those already here haha.
With what I've saved up working in the UK I'm almost able to buy a flat in Poland with cash. Seriously considering just moving back instead of toiling away with no stability.
I've worked with several Eastern Europeans who've done that.
So why bother then, sounds like not worth staying in the UK anymore.
One reason why so many Europeans are now leaving the UK.
Another mistake people make is the fact that they get so attached to/ in their country when they can move to cheaper countries even be able to afford to buy a house and live comfortably enjoying their lives
Any Polish town recommendations? I might do the same.
@@0u73rh34v3n literally anywhere is manyfold cheaper than the UK, except maybe tourist hotspots like Zakopane
A third of income on rent? In London, try 40/50%.
I used to pay more like 60/70% on a low wage job working silly hours. Left the country 4 years ago best decision ever.
@@mimilovinglife4544 Where did you move?
Try 80% in San Francisco, California
Rent rose from $1,500 to $9400
Actually, a third, 40 or 50 percent spent on housing is not uncommon in the rest of the world.
It depends if you can live off the other percentage. I Can.
In France you can’t rent anything if your income is not at least 3 times the rent.
The saddest thing about this is that we're just content to let these hardships happen to us.
cuz if you speak up about it all the nazi media calls you a communist
Easy solution is to limit immigrants, who jack up prices and compete for jobs.
Hopefully not for long. It's time the people stood up for themselves and actually did something. If even the middle class can't afford to live comfortably something has to change.
@@boyo7918 I completely agree, but I feel we're more concerned with fighting for LGBTQ and race equality than we are with repelling the worsening economic hardships.
You need to scare your politicians and bully them into building more houses. Otherwise, the red tape they put up to prevent building more houses in the first place will never happen.
I was born and raised in London. I knew I’d never rent in London because it was so expensive for not much return. It didn’t make sense. Lived with my parents until 32 and bought recently in Nottingham. I would encourage anyone trying to buy to consider a life outside the capital - at least for now. I’m hoping I can move back one day, but I don’t hold my breath.
They haven’t got the drive to pack up and move, it’s easier for them to be bitter and resentful
@@dentistry42people shouldn't have to pack up their life and move far away from their family and close friends. All that causes is loneliness and then cause cause depression within a lot of people. Why should people feel like they need to move to a different part of the country to just get by in life.
@@elizabethermakova9479 That’s a typical view of the entitled generation. My friend had to move from Surrey to Lincolnshire to get a house she could afford, I bought a house on the Isle of Wight because it was cheaper, you live somewhere expensive because your parents probably worked their arses off to get there. My parents moved from the north of England and left everything behind because there was no work there. Move, or just stay put and whine
@@elizabethermakova9479 Because life is not fair. Get used to it, snowflake.
@@dentistry42same entitled generation dealing with pittance on the pound for wage inflation liz is right why put all this defense into the idea that people shouldnt have a happy life over making a profit
My son is 41. Still lives with me. I've come to understand it's not him. It's not a failure to launch. He works. But multi-gen households were the norm only 70 years ago and into the past from there. So this is simply a reversion to the mean. The brief blip in time where most people could afford a home or apartment of their own without sharing resources is closing.
Agreed. Everyone having their own place to live in unrealistic, unless you cut the population. People are already having much fewer kids so nature is obviously taking its course.
If he’s 41 and living at home for 20+ years of his working life he should be able to afford a small flat on his own in an affordable area (May have the commute)
Very well-said. Things are returning to how they used to be.
Nothing better than a happy smiling family with a community behind it
@@ausboy2281 You don't know how long he's been working, nor how much he earns. He might not be able to afford to buy or rent.
Moved to London this year - can confirm. I'm earning more than my middle-class parents ever did but I'm living like a student...
Don't even get me started on those 'auditions' to find a place - most stressful 3 months of my life.
Can I ask how much you're paying/kind of property?
Last time in was in London in 2011,how much are rents there now ?
Im 28 and make a converted £92k/$112k. No debt, just my doggo. What do you think my situation would be if i moved to London?
@@djm2189 Net or Gross?
I rented a room in London in 1994, and that was like auditions then, too. I hated it, it took me a while and ended up in a grotty ground floor room with badly fitting sash windows facing a main road, which made me very ill. Never again.
I am an American... and inflation is insane but not unbearable. I hope at some point all of these companies making RECORD PROFITS get what is coming to them.
a financial crisis
its pretty unbearable in texas. minimum wage is 7.25. cant afford to live
No its definitely unbearable
do you understand anything about ecomomics at all? Your governments have devalued your currency - the local response to the increase in prices - is where the rhetoric meets reality. your political class have been off in a battle of ideological wills - meanwhile Rome burns
Nothing will happen to those companies because we keep buying their goods.
It took me 1 whole year to find a flat (I had the money, but had the same issues as this video). My uncle was incredibly kind to me and gave me the spare bedroom for the whole year, and I only had to pay small amount of keep. He helped me so much and I'll never forget it. If anyone reading this has younger neices, nephews, children, grandchildren and you can help them for 6 months to a year... please do it. They won't forget your kindess. I'm in my lovely new (rented) flat now, currently saving up to buy him a new bathroom, and I will of course take care of him when he's older. Sometimes the older generation doesn't realise how bad the problem is, and that it really isn't our fault, and that this 6-12 months of help can get us set up for a good life. And we should help the older relatives we move in with, with the cleaning, shopping ,DIY, walking the dog, cooking.
Not only in the UK. Most of the Western countries have the same situation currently, mainly in Europe. To me there have been four reasons causing this vital problem: 1st Many ordinary people for whatever reason (inheritance, bought a second house in the 90's, investment...) have more than 1 property. 2nd Authorities have allow rich foreigner investors buy houses as an investment activity. 3rd Massive and uncontrolled migration movement to richest countries in a very short period of time. And 4th Lack of housing laws, regulating and controlling the house market.
Its crazy high here in the US
Vote reform uk
So what, your solution is to take away these people's property? Because they had the "audacity" to inherit it?
Instead of that, you could replace tyour thieving tendencies and get rid of illegal immigrants from your country. This would really unclog the housing market without resorting to bolshevik methods.
Reforme ,promjene zakona ,zakone donose ljudi a ne vanzemaljci ,politike.treba mijenjati ,pogotovo nove generacije ,kapitalizam.onog vremena urušiti če se sam ,pravo čovjeka na stan treba biti pravo i ostvarenje svakog čovjeka ili obitelji ili mijenjajte politike i političare ,ako ne ide milom onda ide ....
Same with Australia
"Sticking it out with mum & dad" is an option that many people don't have the priviledge of🙄
Living with your mom and dad as a privilege...
@@felixthecat2786 for people who don't have parents, yes it is.
@@felixthecat2786 yes I know, but between that and homelessness- it really is a privilege
I and both of my siblings rebounded back home several times in our early adulthood. Two of us went on to become millionaires. It's a wonderful thing to have a home to return to when needed and there's nothing wrong with it. We were aware of how lucky we were.
I don't get this stupid mentality of staying with parents is a bad thing. It doesn't make someone less of an adult. As matter it would be silly to leave a home to move into some overpriced rented place. When that money could be used for one's own parents
I’m 44 and I live with my mum and younger sibling. Both my sibling and me are staying unmarried so staying with the parent is no biggie. Everyone chips in for expenses. Driving yourself into poverty just to exhibit independence is the most outrageous lie sold to young people.
Especially when you no what’s happening is fraud. Those rents are absolutely obscene. It’s a Ponzi scheme.
Yes ! And I’m so many eastern countries they think it’s crazy that we move out in the west. Even when married they stay with parents to take care of them etc.
I’m African and I’m expected to stay with my family for as long as I want and I can also move out whenever. There’s no pressure to be independent because our culture promotes family values.
@@starlightgirl8863 I love this ! I moved out around age 19 as I was in a different county in Ireland for college and now. I’m 29 and
I regret leaving home early. Because I feel I could have helped my parents out more and learned more from them. Young me wanted to leave and be “mature “ 😂 African culture is so vast and amazing !
Well said. Stay living with parents, you may have to look after them when elderly
I’m 47 and still renting. Have never had inheritance or bank of Mum and Dad to help get me on the ladder. I can afford to rent a house but not to buy it. The system is broken.
God this is so depressing. When you work very hard on education and get a job- but then you are struggling to even find a place to rent (for vast sums of money)- whilst fighting others for these extortionate rooms or properties- like starving vultures pecking at the leftover slops of a rotting carcass.
This news story isn't telling everything
They are looking at the most expensive part of town. Literally nowhere in the UK charges 3 grand a month for 1 room.
I rent flats for less than £500 per month up north.
Nightmare 😶
This is conservative Britain!
@@truth.speaker A bit of Good old-fashioned gentrification. Never makes anything worse. 🙄
@@truth.speaker The demand is higher in the South East than the North, because the South East is where all the main job opportunities are. While I would certainly agree that the UK must sort out regional inequality problem, it should also deal with the housing crisis that is far worse in and around London. The sollution in my view is mid rise (5/6 floors) social housing let out by the government at very small profit rates or break even rates. If there's an abundance of housing let out at a lower rate, there's no way a landlord can exploit somone by charging extortionate rates.
This is why as a young person, I felt the need to leave the UK. I didn't want to get a mortgage and a house yet, I want to be flexible to take new opportunities as my specialized degree-based job only paid minimum wage. I don't want to live under rising rent prices, I don't want to have to pay unpredictable student loan taxes. I want to live in a place where I can walk the streets at night and feel safe. There's so much I love about the UK, but this government has created every incentive for myself, and anyone with higher education from a low income family, to live elsewhere.
Yeah I'm planning on getting out of the UK as soon as I have enough money and job experience
your degree based job pays ''minimum wage''..well you wasted time and money doing a useless degree..what was it ??''lesbian dance'' ??
@@bobbobbly7900 You laugh until a nurse tells you she studied for 5+ years and tells you she's making minimum or just above.
I lived in Vietnam for 5 years with a degree (in Business Admin) and a TEFL and was clearing 3 grand a month teaching English living like an absolute king, 3 bedroom apartment, swimming pool, Gym, cost of living is peanuts ..
If you have degrees get out there teaching
@@bobbobbly7900what a nasty and negative thing to say hope no one says such a thing to you when you’re sharing an experience 🙄
The thing that I've struggled to come to terms with is how this issue is not getting the kind of airtime and priority that such a crisis demands. Politicians of all parties at Westminster are too comfortable in their second homes to feel the pain of those affected by the housing emergency. Labour did nothing to help this during their time in office either ... unless of course you go back to the post-war era. The further we are in time from the mass-social housing building of the 1940s and 1950s, the more we are going to feel the pain. It's the only thing that has ever made a real difference, but sadly, those with the power to do something about it - something radical - are so far removed from the pain that their focus is constantly on other issues.
Labour are banking on a housing crash when they get in, then allow tenants to buy the homes at discount.
There's no shame in living with your parents. It simply means they are alive, and you have the comfort of home. Cherish it.
People shouldn't have to though. Not everyone has a good relationship with their parents. Sometimes people simply don't want to live back in their hometowns because in a lot of cases, their hometowns are total pits of misery, which is why they moved away in the first place. Do you know how soul destroying it is to finally move away from a place like that only to end up back in it? Because I do. It's been my life for the past 5 years.
Bunch of losers who failed to launch.
Unless you have abusive parents and are denied to use even their kitchen or bathroom to bathe. Not everyone has a cherishing household. Please educate yourself.
@@EmilyGloeggler7984damn not everyone grew up unloved, simmer down
That's one thing I'll never do. I joined the military at 18 and never looked back. Best thing I ever did. Been completely independent ever since.
Here, In Denmark, rent is somewhat regulated by law - we have the possibility to bring our rent-level before a committee that calculates the maximum rent for the area and size of apartment, and the landlord has to comply to whatever they come up with.
Yearly increase of rent is also regulated, as is increases after renovation.
If a landlord is renovating ypur apartment , he has to re-house you for the duration of renovation.
Here in The Netherlands the same, there are different ways one can get a rental house. IF one makes less then a certain amount they depend on SOCIAL RENT programs. Sounds horrible but is it? It just means that certain apartments and houses are reserved for SOCIAL renters.
They also work with the same POINT system, how better apartment/house how higher the potential allowed rent.
Mine is not cheap but it is modern enough that my energy bill is very low. So worth it!
That's because despite no country escaping neoliberalism entirely, you remained a broadly social democratic country, whereas we sadly didn't.
I don’t see how that makes any sense. No one is stopping my local car dealer from charging 50k over sticker for a new car. The government has no business telling me what I can charge for my property. Everything is expensive mortgages, insurance, repairs ect… it really gets me going when tenets complain about things when they have no idea how things work on the other side. Inflation sucks and I’m sorry but your land lord isn’t responsible and may even be feeling it worse than you. Managing 25-30 rental property’s can become a nightmare fast.
@@MasticinaAkicta 8
@@Bethany_mo Why don't they get real jobs instead of being a "landlord". People who buy up housing affect the whole socioeconomic system. Capitalism has proven the free market doesn't work and things just get more and more expensive because they can. If you rent houses to people, they need to meet criteria, just like a restaurant needs to pass health and safety. Ultimately the free market has failed and it needs to be reined in by the government like Denmark has.
Having your young people not being able to live in cities at affordable prices just ends badly. What happens when the low wage workers leave the city due to prices? the businesses will start to go under since they cant get workers(already happening in more affluent areas). Educated people will leave the state or the whole country, so they get skilled up in country and then the country sees none of its benefits while other countries don't pay a cent to educate and raise them but get all the benefits of their education. Happens with nurses and doctors all the time. You will be left with a country of old people that have no one to look after them or pay the taxes for their pensions.
This video has been made several times throughout the years. The housing crisis has been a problem for years and it just gets worse. Affordable and reasonable rent costs are a distant memory for a lot of people.
My friend, who is 27, has to move back into her mum's house because her rent is going up by £200.
I think the house rent has to keep it up house selling market...people with money arriving in the city is normal.
BUT if houses are not rising value and just the rent is rising...something is wrong.
The government could intermediate the agency of rent to camuflaje the demand.
Is some solution.
I'm in Canada we have the same problems no new rentals old rentals turned into condos a basic flat is over a 1000 quid if you can find one if you have three months up front and a credit card if you have references if you're not half indigenous and a man I've been living out of a car for twenty years now I'm a disabled 55 year old person now after working for 40 years my pension is 500 quid I will never be able to live inside ever again I will probably died 15 year younger than canadians if I lose my licence I'll probably died rather quickly we have no council housing and it gets pretty cold here
@@SigFigNewton yes it a western problem expecially in the English speaking countries I'm in Canada they've spent 40 year getting rid of older apartments turning them into condos not building new rentals making single residents bylaws it's over a 1000 quid if you can find an old one plus hydro if you have three months up front and a credit card I've been living out of a car for twenty years good luck bub it's bad all over just here it gets freaking cold
@@SigFigNewton Who is going to built the houses and where ? Too many humans that's the problem, overbreeding,uncontrolled immigration!
@@kyleklukas4808 meanwhile Japan has thousands of empty houses the government is selling for cheap. Low population and those dying off leave property empty.
This is so true: moved this year as well. Can confirm there's many people queuing and viewing the properties at the same time. We lost bidding wars to several flats until my partner and I finally offered £250 over asking price AND signed for 2 years. Unless you are willing to both sign for that long and for a crazy amount, there is no chance. It's wild out there.
Strange isn’t it…the Tory’s massively screw landlords on tax and they sell up causing these issues.
It’s a stealth tax on your income and the Tory’s have done a perfect job!
This is happening all over the world due to Corrupt Mainland Chinese money laundering.
I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.
Predicting the housing market in 2023 is challenging because it remains uncertain how swiftly and to what extent the Federal Reserve can reduce cost surge and borrowing costs without negatively impacting buyer demand for various assets, including homes and automobiles.
Can you suggest the investment coach you've been using? It appears you've had success with their guidance.
Stacey really seem to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
That’s not going to happen cause those people who bought at 3% are now sitting on tons of equity due to prices continuing to rise. Even for a million dollar home, the mortgage was under $4000 at 3%. There has also been massive inflation and a lot of wage growth since then so it’s very very unlikely there will be many foreclosures. Nobody who bought in 2021 is in the red. They all have 40-50k equity at least in the house at this point and more if they’ve paid more to the mortgage principal
When AI takes your job it will be stuffed
Just the fact that British have a term "property LADDER" here in UK says it all, it is a national sport to buy a small property and sell - buy bigger - and sell and so on
In Europe renting is more standard and accepted than in the UK. Property ladder term implies opportunity. Buying power is bound to increase over time after all you are making more and more payments. The earlier you start the better.
Property should never have been a means to making a profit. I blame the government.
When someone makes a profit it means someone else has to make a loss.
@@emrankhanlearnwithme4474 It also mean that those who owns propety will do everything their power to make sure no new ones gets built because that could lower the value of theirs
@@tpeterson9140 yes i can believe that.
@@emrankhanlearnwithme4474 Just because someone sells something for more than they paid for it doesn't mean it's a profit. Your tiny mind probably doesn't understand the concept of inflation, having to pay insurances, having to pay maintenance on your property or the way a mortgage works is you pay more than the initial price in the end. It's called interest, maybe you should educate yourself on what it costs to own a house and have a mortgage.
I became homeless in 2015 because my flat burnt down due to an electrical fault with the cooker: and the landlord, who couldn't be bothered to fix the damage, auctioned off the flat to someone without even informing me, and that someone served me with an eviction notice. Living in Brighton, which is almost London prices, and surviving in a burnt out flat, I couldn't raise enough money for a deposit and months' rent on another flat. So, I became street homeless, a drug addict at the age of 36, eventually psychotic and suicidal, in and out of rehab and hospital for years, on benefits and then in hostels, all at huge expense to the taxpayer, to the state. The rehab stays alone will have cost the government about £100,000. Probably the psychiatric stays will have been significantly more - and on top of that many hundreds of hours of support from community mental health services and drug and alcohol addiction services. It's such a fucking waste: not just in money, which is all we seem to care about, but in lives. So many deaths around me during this period. I know legions of stories like mine: no-one is counting the actual cost of our appalling housing system, not to mention the true cost of all the other deficits in social services and social security which end up costing so much more then it would cost to make sure these problems never happened in the first place.
I'm surprised the council didn't provide you with a hotel room immediately. How long did it take before the council gave you a hotel room ?
@@truth.speaker Eventually, I was put in emergency accommodation then a hostel, but the hostel was so bad, so hopeless, and so dangerous, I decided for my own safety and sanity to go back out on the streets. The hostel had nearly 100 people in it who like me all had serious trauma, were literally all addicts (well, I never met one who wasn't), living in such appalling circumstances that suicide attempts and overdoses and deaths were a regular feature of daily life. After that I was put in more and more small and inadequate B&B rooms that had no cooking facilities and were miles away from Brighton where all my support services were, so I would again and again abandon them and go back to the streets in Brighton. Eventually I got into a more suitable hostel and then rehab, so that was the beginning of my recovery. The problem with the council is that they take no account of your social and psychological circumstances, and routinely offer totally unsuitable placements that people can't endure. I said 'please, don't offer me a B&B in Eastbourne because I can't be so far away from support, and if I refuse then you will call me intentionally homeless and not offer me another place'. The housing officer said 'OK, I understand', and disappeared for a few minutes, returning with a letter. It was an offer for a place in Eastbourne with the caution that if I didn't take it I was intentionally homeless. If it wasn't for the intervention of mental health services, I'd still be on the streets now. This is why so many homeless people give up trying to get housed and spend 30 odd years on the streets, many not even claiming benefits. Their lives involve nothing but going to the free food places and the soup kitchens, waiting for death.
I don't think we can truly understand this society without understanding the true stories like these - homelessness, addiction, mental illness, criminality - the repeating pattern I discover in such stories is life trauma, almost always unparalleled childhood trauma. I was utterly shocked in rehab when over half of the people there revealed that they had been sexually abused as kids, three of them being men, two of whom were straight. About 80% had been street homeless too. But we never seek to understand the actuality behind these social labels: we never study social reality, by which I mean the real lives and real stories that are only ever understood macroscopically as the social problems that emerge. Really, all childhood trauma is social trauma, because in a good society there would be water-tight mechanisms to ensure the wellbeing and safety of all children, all families, and all citizens. Compare us to Finland who are ranked the happiest nation on Earth - free healthcare, free education, a sound safety net, and if you fancy quitting your job in order to take some time out, or to travel a bit, or to eat pizza in front of the TV for a while, you get benefits! And they wouldn't change their system for the world. There's good RUclips videos on this.
Sorry! Can't restrain myself today.
no matter where someone sends a person, if they are offered a roof over their head id says its probably best to take it. even if further away from your usual services, there are always still emergency lines that can be called from any location to access emergency services that are available within the area where the emergency accommodation is.
the risks are too much on the streets, with unpredictable weather, animal hazards, people hazards etc.
overall though, I think there needs to be changes to the Housing Act
@@markohenry5891 Immigration is another problem caused by human trauma and nationalistic societies who are irresponsible when it comes to the problems of the world. If we care only about ourselves the rising tide of problems will eventually come knocking at our door. That is not just a statement about nations but about people. We never cared about poverty when it was other people's children. We never cared about the migrant child washed up on the shore because again, it was someone else's child, not even a British child. Thus, we make our own graves and cling to a way of life that has cost us the Earth and all our children's futures. This is who we are. We're beginning to wake up, but we may be waking up to the realization that it is far, far too late. Perhaps the experience of homelessness will prepare us better for what's coming then the lifelong comfort and stability.
@@zcharged8294 That's a judgement. And it's easy to assume homeless people lack judgement, but I did a degree and a masters, and did well at them: I've had a good job: I venture to suggest my judgement is good as the next person - and I shouldn't have to offer my credentials in order to affirm that point. Homeless people are not homeless because they lack judgement. In a way, they are homeless because they lack understanding, and I'm afraid to say the chief reason we don't understand the realities behind labels like homelessness, addiction and so forth is because we so easily judge prior to investigation, thinking we already know, and consciously or unconsciously, we assume that these categories point not to human beings like you, but to unreliable narrators. As long as we have this attitude, we will never understand the problems that lead to homelessness, addiction, criminality, insanity and so forth.
I‘m from Germany and it’s the same over here… Especially the inner cities are so expensive that most students cannot afford to live there anymore. My husband and I were lucky enough to by my childhood home and it‘s big enough so our children could live a fairly independent life while still being at home. I wouldn’t do what my parents did an early on built up the pressure by saying things like „when you‘re 18, I‘ll pack your bags“. If you want kids - that’s a lifelong responsibility. Forcing children to move out when they are not ready financially or mentally in this day in age with housing prices skyrocketing to new heights every single year is just not fair. My children can live with me as long as they want. (And my older daughter is a teenager - so no, I‘m not saying this cause I‘ve got two adorable toddlers at home 😅) .
This mentality is so healthy. I'm so glad you understand that we need to help each other out in this world if we ever plan an making it worth our stay. I hate the idea of completely disconnecting from family at 18. It's so cold.
But do you still have the lifetime mortgage over in Germany? In the UK it's limited to a maximum 25 years.
@@tonyhaynes9080 yes we do. It’s finally now keeping people from buying houses and you can see a slow dip in the prices of single family homes but really slow.
@@Com-bc6jl Its an incredible toxic thing to do. Why have kids when you want to get rid of them as soon as legally possible. Those that throw their kids out at 18, are the ones that than complain that no one visits them in the retirement home. And I won't allow for the excuse "they need to learn to pay the bills and be independent". If you as a parent did not teach your kids that, you failed as a parent miserably. My parents taught me the concept of bills and responsibility at the age of 10. When I moved out to my own place, I was not suddenly suprised that rent and energy is something you actually have to pay for, and food is something you actually have to cook. If you 18 year old does not know any of that, I'm looking at you, dear parents.
@@kamilareeder1493 That makes no sense. If she struggles with rent, she should encourage you to find some job that can help support the costs, but not throw you out.
I'm 37, on an acceptable salary for London, but can only afford a room rental in a house share. I can't believe I'm this close to 40 & almost forced to share a house with a stranger because of how much of a sh*t show the UK rental market is & just how expensive everything is. I've given up the dream of buying my own property. It's never happening.
There are too many new homes being built, because no one can afford to buy or rent new builds. The spacious, empty, beautiful old boarded up homes need looking after & making liveable. We don't need more new builds, we just need more rental properties.
Move out of London you are not 20 anymore no point in sitting if you dont have a house or you do not make 50k per year.
@@edvinaspetrauskas7594 Life isn't that simple. It's the same issue moving out of London. Not enough rental properties, especially those that accept/ are suitable for pets. Lower salaries out of London. It's a no win no win regardless. I upped my whole life to move to London 2 years ago, I'm not about to throw it all away.
Come to America.
@@Jesus_Saves_Believersits just as bad here. Worse in many places.
go live with your parents, buddy.
The price increase is fine but the quality of properties have actually drastically decrease. We need an independent watchdog that go around to every house on the market and assess whether or not they are suitable for living.
That would be the right thing for every rented house, and its condition to be checked, but that's not realistic at all. I doubt it would happen.
what seems weird to me (that doesnt live in UK) is that ur houses doesnt seem designed to withstand and cold during winter. I talked to a guy who lived in a really luxurious apartment in London with crazy high rent but even his place was rly cold during winter
@@tpeterson9140 yes thats the harsh reality.. tho in the rest of uk.. new houses are being built with proper insulation( on roof,under floor and in the walls) n come with 10 years guarantee if smth isnt going as it should.
The other common practice is to buy a house n then put the insulation needed.
The price increase is not fine
@@dappadondadda100 it’s very much realistic. Consumers need protection in order for capitalism to work especially when there is a high demand for finite supply of housing. We pa politicians to protect us from them.
I got kicked out at the age of 26/27 and rented a room in London, the room was literally a box with no windows, all for £300 a month. I was happy with the price at the time as I am a minimalist and don't carry much around but it was an awful place to live with 4 other people living there, the landlord was always around and it was uncomfortable doing anything especially the hygiene issues, pure disgusting.
Find some other way then instead of living in a flop house.
Landlords are filthy
Why were you kicked out?
Ain’t it illegal to live in a cupboard? No windows…. Surely that’s illegal.
come moving to kensington, lots of park and palaces
I am currently living in Dublin and we have the same problem. People are sharing the same bed to sleep and you can see homeless everywhere. The government is ridiculous .
Ireland should have a child limit law like the UK dose
Dublin is even worse :D I've lived 9 years in Ireland and moved to UK 5 years ago. Even 5 years ago I remember lots of ads on Daft, where people were sharing beds! Or living in a room with 2 bunks beds, paying like 500 EUR per 1 sleeping place (so 2000 in total for a bedroom)
Please explain that to the idiots.on here who think it's ONLY Britain that has housing problems.
Also to thickos who compare countries like Norway and Denmark ( 5 million population )
with UK !!
@@valygarss how is it like in the UK compares to dublin
And you have mass immigration also. Connect the dots
I’m 58, lived with my parents till 31. Saved my money and fiancé did too. Then we bought a house. This was at a time ppl generally moved out when they were in early 20’s after school completion and job getting. There’s no shame folks. It’s harder now yes, but doable. Our 25 year old son still lives with us, saving his money.
As an undergrad student with an average maintenance loan, my rent is higher than what my loan can afford me and it has also been put up 3 times in the past 2 years. Housing is an absolute shambles with so many friends falling ill with mould poisoning, having no heating in freezing conditions, and not having enough money to eat, and landlords do not care they only ask for more money. I feel like students have been a very underrepresented group in the cost of living/renting crisis, and I'm scared of the consequences if no one does something soon.
That's what happens when you let millions of foreigners come live here eh 😂👍🤡
I tell people go live in Texas 🌵
Students have such high standards these days. Student accommodation is like hotels. Was very different 20 years ago
Ever since Covid higher education students have been completely thrown under the bus with covid and the current economic climate, my final year of Acting school was completely stolen from me and yet I'm in debt for the same amount of money
@@tomwood555 sorry to hear that! I know of too many people in a similar situation. Hope things work themselves out for you!
Comments are very interesting. Just shows the gulf of generations who don't "get it" on how tough it now is. I am 46 and rent because I have no choice at the moment and live within my means to save. Part of me is glad as it's helped me have empathy for how tough the younger generations have it.
I have 3 daughters living with me all adults, I have told them they can stay here for the rest of their life's if they want to. I don't know why people find it strange if you are living with your parents.
I wish I had parents to live with. In all honesty, I find it sad people can't enjoy living with their parents. Enjoy your parents while you have them
I would love to but my mum is a hoarder so it's either sacrifice a massive chunk of my wage or my mental health
@@chriswright6245i can relate to this, my mum can be pretty hostile.
Tell your daughters to make their own home. This means they should find a man and settle down. If they aren't too old yet that is...
@@catam9308 once my mum dies i think ill die tbh, nothing else in this world keeping me here
We moved up north earlier this year. There's simply no way we could have afforded a home otherwise. I understand this is not realistic for most people but you should definitely consider it. For us personally, it's the best decision we ever made. London is a hellhole.
Exactly, great move! People just stay in their shitty situations and complain without working to make a change.
Same problem in Australia. We are moving back to a feudal society. Landlords can buy houses with money they have not earned. If you have a spare home you can borrow to buy more because renters are desperate.
This is why zoomers want to do OnlyFans, crypto, being an "influencer," etc over your standard 9-to-5 job that pays you ~30k a year. And even some of those who saved and skipped on the avocado toast have still been screwed over thanks to the cladding crisis.
@asgkasgasi you can always dress up like one lol
no such thing as hard work in todays day in age innit? these OF girls are no different than dole bludgers, barely lift a finger just for a bit of coin
@@eyonfrankston1344 and yet men still pay for it... Lol
@@dmystify1381 You do realise that the top 5% on only fans make a bout a 1000 a month on average. The overall average for only fan models is 180 dollars a month. OF is such a over saturated market you would be insane to even try it.
@asgkasgasi I think this is changing quickly due to over saturation and money now hitting guys hard around the world.
It’s a perfect storm in the UK this year with very high inflation, increased rents, decreased supply, and record high energy costs. I feel lucky to have left back in 2019.
It ain't much better in other Western nations
Why did you leave out unchecked migration? That's the bigger reason.
@@ADZ01982 I would much rather be born there than in Russia
Being Russian citizen and under 27 is hard right now
If you know what I mean
@@HaggisMuncher-69-420- I don’t know enough about this to comment but it seems like an issue across Europe.
The only way to own a house is to live with your parents until they both die. Then the house is all yours. Worked for me!
to be honest thats how the world use to be except the last few decades
😅
It is pretty much the same in the US. My childhood home in the 1970s cost my parents $70k. Today it is worth $1.7 million. If I hadn't bought a condo in the 1990s, I would never have been able to get an actual home where I live.
My dad just sold my childhood home for 1.2mil. They bought it for 185k in 1998.
@@sayyadinawitch 1998 was a great time to buy a home. Record low prices for the era. 2011-2013 was also good.
awwww poor you
@@ICEJosh1987 Did anyone ask for your pity? I'm saying I was very lucky.
@@norwegianblue2017 very true! Unfortunately my generation will not have that opportunity.
I moved back in with my parents at 28 when my relationship at the time ended and I was left with nothing. I'm now 34 and saving money to someday buy eventually, but the line is moving almost quicker than I'm able to save. It's beyond frustrating, but I'm thankful that I have the option to live here and that I have two rooms for myself.
I sold my old home now renting.
buy less shoes and makup
Indian scammers driving the real estate prices up
@@indiancowpeedrinker9241 I knew one Indian guy he spent sometime on a student or tourist visa in Wales , his flatmate was a Lankan scammer who did cellphones.
@@GoldKingsMan 🤔
This is happening worldwide. The main reason is that governments have allowed real estate to become a speculative asset.
no no no.. let me teach you.. the reason is that government can create money as it wishes
Since a dollar is a bundle of waste paper, people are looking for ways to save capital@@paske2001
Perhaps only China in the world has punctured the balloon, and housing prices have plummeted.
Probably the illuminati with their filthy claws in everything manipulating everything from behind the scenes also.
That’s exactly it!
Same like in Germany
The mould is very dangerous, both financially and medically. As a former landlord with a 60 yr old house I had to spend 1000's in remedies and repairs to eradicate black mould from the house. Attention to roofing details, new windows, vents installed and fans to remove stale air in kitchens and bathrooms etc. These measures only reduced the mould somewhat, you also need tenants to adequately air (open windows daily) and heat the house adequately. Some do and some don't.
I was lucky in that the local authorities gave me time to arrange the works and also had tenants who arranged some of the works and carried them out at cost. Mould gets into furniture and prevents the use of built in wardrobes etc. so all had to be replaced or repaired.
Yup, I just recently moved in with family at 30 due to rent and cost of living combined with taxes, it's unlivable these days. I don't even feel bad, we just live in a broken country.
I'm glad you don't feel bad about it. You are very fortunate.
Don't feel bad, mate. It's becoming a more and more common occurrence. Add on the energy costs and we basically have a situation where unless you have a VERY good job, it's practically impossible to rent AND save up for a deposit.
@@benghiskahn3673 I’d say 95% of those I know were gifted their deposits. Very few save up for a deposit, even less rent and save up I agree. It’s all a bit twisted and needs some levelling
Canada and Australia are also having the same problems!
Can't be that bad ? Spending nearly £ 6 million a day putting
illegal immigrants in hotels..
Net Migration last year ; 500,000 .
Why is there a shortage of flats.....
....dur..??
Welcome to Italy- where people have always lived with dad until 40 because of rent prices
I've had no choice but to rent from age 20 after finishing uni. I am 35, have decent job and deposit but the house prices are going up faster than I can save and the prospect of my own home is becoming a pipe dream. I'd never have thought I'd be considering myself lucky to be living in the rental that I am. When I moved in it was (still is) run down and hugely overpriced. But I've been here 6 years and the landlord hasn't put the rent up meaning I now am paying less than most places advertised so I daren't move or cause any fuss about the gaping hole in the rear door during freezing temperatures or the 30 year old boiler that is hugely inefficient and cost a packet to run. I'm only able to save anything at all because I have housemates... 35 and if I want to have my own space I'd barely be breaking even... never mind OWNING that space... broken Britain indeed!
Emigrate. No point in living there sounds like.
I would repair that hole myself its costing you anyway
@@zuzanazuscinova5209 I would love to. Not so easy with Brexit. Plus my friends and family are here
I don't understand this obsession for owning your own home
@@Amazonwarrior777 Brexit has nothing to do with it, just a childish excuse, aim for North America or Australia
Rents in the Phoenix Metro have skyrocketed. Where I work, four full-time employees got together and rented a house. It sounds like things are just as crazy in the UK.
I live there right now.. rent has gone up around $200 this year.. I literally can't even find an apartment right now under $1000 for a studio.. I might have to move states, but have no family or anyone to stay with for a bit.
I managed to get out of the renting trap after saving for a deposit over 6 years, I lived in the same house for 10 years with the same letting agency, I handed my notice in no confirmation, within an hour 2 viewings had been booked in, they had listed the property with the same listing and pictures from when I rented the property in 2012 alongside this they had put the rent up 30% from what I was paying.
Ace so the landlord was giving you a 30 percent discount allowing you to save up to buy! What a nice person!
@Tom Jones I know, I was so grateful. Thankfully, I paid their mortgage for 10 years.
1 3rd of My wage goes on renting a bedsit and had a damp and mold problem for over 10 yearsl
@@HOLLASOUNDS what’s changed with the way your landlord pays tax?
@@tomjones8715 I got a dehumidifier see if it works. Landlord is a housing association and they sent the detailed break down of what money goes where. Im an assured tenant and they have to go to court to evict Me. They no longer offer assured tenancy and most of the people in this block can be evicted at any time and they have to sighn a new tenancy agreement every year. That's why I'm not moving because I will loose My assured tenancy.
As someone who grew up in London and now lives in Nottingham.
I cannot express how much of a bad idea renting in London is.
I can get by on low wages because of lower rent and food prices.
Good luck if you're stuck in London ❤️
@@beardedjb2273 yeah I feel that one. Studio prices are a myth to be fair. Fortunately notts is quite small so it's possible to live in a cheaper area and commute in or just work from home.
@@elontusk6164 as a former uni of notts student I can confirm this is true.
I like how london just built these gigantic walls around their city to trap people inside and you cant just leave it whenever you want.
whole south is a total rip-off... the north has the same jobs for the most part at the same salary level and the house are almost 1/2 price if comparing south outside london with north.
As someone who was born and lives in Nottingham, the whole city feels like an extension of the university campus now and nothing but student accommodations are being built. The city has really gone downhill over the years.
I am from Brazil and 35. The problem here is like, I live with my parents and I pay the rent too.
I'm going to build my house this year and we will still live together as I'll take care of them.
That’s the right thing to do, I feel sorry for the parents who get dropped off to an old peoples home, where they probably get abused.
❤❤❤❤❤❤
This is a huge crisis and it has to be dealt or solved by someone!! It is around the world also in Spain it is unbearable!!
It's ridiculous how hard it is now. My husband & I are currently in London & we tried moving up to Manchester a few years ago so that we are near to my family but it's proving very difficult.
I'm 32 years old and I still live with my parents. And have done since I graduated from university (this coming July will be 10 years since my graduation!). While I'm working a full-time job in financial services, my salary in my current job and from previous jobs are sadly not high enough to move out when all added together. While I don't have in any way a bad life living with my parents, I one day hope to move out. But the last thing that I want to do is move out too soon, not be able to afford it and then move back in with them again.
And with the UK now in a recession and potentially in a longer and worse one than the financial crisis of 2008, finding a job with a higher salary in order for me to move out seems like a dream. I'm not giving up in any way but equally understanding that trying to move out in 2023 at least will be a tall order. Rent and buying prices where I live are simply out of reach at the moment.
I'm in the same boat as you. Does anybody ever make you feel like you should be ashamed or that you're a loser for living at home? Because that's the feeling i get from other people (might just be in my head). If so, how do you deal with it?
guys i'm not entirely in the same boat but currently do live at home am proud of it, because it is an actual house..! Coming on 3 yrs here now. Last year unbeknownst to me i had a gut bacteria called giardia that was giving me malnutrition so had to quit/get fired for poor performance a few times and have had a very inconsistent work schedule for 6 years, but also in that time i did manage to make £70k (for my business so not exactly my own pocket). And with some help used some funds to build my own cabin in the garden, even taught myself some shoddy skills to put the doors on myself and save £600.. If you have a garden with road access I could probably do it again for £5-6k cost and you'd get a nice 30M² to yourself & any ladies, let me know if you want some advice arranging it. Been thinking about offering it as a service but wouldn't charge for a profit until i got some more experience under my belt. All the best.
Try putting your name down with the council. If you earn less than £50,000 pa and you are over 18 you will be housed after awhile. It might take 2 or 3 years but at least you will have a secure tenancy. It's what sensible people do.
Might I ask you hat your degree is in?
@@TerribleCovers11 It shouldn't be that way, as I think we're finally learning as a culture that moving out costs are impossibly high compared to what they were. There has to be some kind of level headed agreement that rent has just gotten too ridiculous.
I salute that dad for being such a great father to his daughter. I hope your daughter remembers your kindness with gratitude.
I don’t understand this culture where it is a crime to live with your parents, it gives them company and allow you the opportunity to strengthen your finances, while teaching abusive landlords and the renting market a lesson. Solidarity! Help each other people!!
That's like saying "don't eat food to teach those big food corporations a lesson". We need food! And we also need a place where we can live our lives the way we want. Living with your parents is not fun for most people.
How are children meant to have their own kids if they're living at home?
My parents are more abusive than my landlord
@@hellokaumea8315 These ideas are general, of course. Cooperation may not be possible due to different reasons. I wish you and everyone the best 🙏
One solution to this problem is empty offices. There are a lot of them in big cities, they walk down the street and everywhere ads are given up, given up, given up. The authorities can take these premises and turn them into housing, this is one of the options for solving the problem.
In Holland they would rather put immigrants in it than to actually turn them into houses for people.
This is being done in a lot of places, especially East Asia. Like Vietnam, Thailand, Laos, etc. The main issue they have is not enough water pipes for showers, washing machines, dishwasher, etc. But cooking can be done electrically. It can happen.
@@spark_ling1379 was waiting for the immigrant comment
@@spark_ling1379 yeah theyd probably do that here in the uk too they don’t care about the actual British people just the migrants
@@loloq4531 Its the only cause of population growth so it is clearly the problem. Especially since immigrants tend to have way more kids
Investors can’t predict the future, bearish periods automatically give way for a new set of stocks to buy and watch while setting the stage for a new profitable uptrend. I have come across articles of people that grossed profits up to $250k during this crash, what are the best stocks to put on a watch list or buy at the moment?
All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.
@@bernisejedeon5888 Iron-ically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $ 280k in the last 4 months by invest ing through my F A.
@@JeanpaulCeme My Financial Advisor is JEFFREY HAROLD STARR I found him on a CNBC interview where he was featured and reached out to him afterwards. he has since provide entry and exit points on the securities I focus on. You can run a quick online research with his name if you care for supervision
@@fresnaygermain8180 Thank you for this Pointer. It was easy to find your handler, he seems very proficient and flexible. I booked a call session with him.
This is so true. When I first graduated and made £22k I had to share a room in a house of 6. It was disgusting and some of the housemates were psychos (one had keys to my room, I litetally slept with a knife under my pillow). After few months I decided enough was enough and I moved in with my partner who I have been living with since. Its impossible to live alone in London. Even if you make 100k+, a typical new built studio or 1 bed is like £1.5-2k. And then add council tax, increased electricity and gas, internet, phone, transport, any other subscriptions etc. It's ridiculous. And then what will you even save up?
I hear u its same in york. Its so depressing
if rent was tax deductible itd be much more managle for living in london
And London was even worse in XIX century, Just to have an Idea; two words:The great stink. A Lot of people were cursed and still are cursed to live in these big cities because of the enclosure
well,thats the point,u dont,they take all your money
Correct. Early 20s we'd all love to be on 100k. These days. Once you pay of the bigger mortgage and bills the rest doesn't last long. The lifestyle we dreamed of needs millions.
Damn, increasing someone's rent with 20-30% over night stating that "it is how it is"...That's cold, really cold and pure greed.
So if your salary was out of step with the standard for your job, and your boss offered to increase it to match the going rate, would you refuse because you're 'not greedy'?
Or how about you decide to sell your car, but instead of selling it for the going rate, you choose to discount it heavily so as not to be 'greedy'?
it's not even legal. CPI + 1% is what's legal. this is TV bs
@@pm2886 that’s twisted logic and you’re fully aware it is nonsense. Shameful. Have some empathy
@@jamesdarby3991 Not at all. It's exactly the reality of the claim that landlords are 'greedy' because they stay abreast of the market rate.
If you're opposed to that kind of thing, you should be happy to work for less than the going rate. And you should be happy to sell your car for less than it's worth.
It's EXACTLY the same as a landlord charging the market rate. Not one bit less 'greedy'. Or rather, none of it is actually greedy. People call it greed when they're at the receiving end, but 'fair' when it's a win for them.
@@pm2886Ever heard of scalation?
Fortunately, there are still places where you can live comfortably around the world. I moved to Brussels in 2021 and with an average salary I was able to buy an apartment (flat mortgage for 20 years). All my friends here who moved out of the UK say that there's no way they would ever go back there, partially because of a fact that you can rent here a 80m2 apartment for around 900€ a month.
how much is average rent in brussels?
@@tg-lt4yn guess it depends on many different factors, but you can live in a very nice, big apartment in a good neighborhood for around 1000€ a month.
@@tg-lt4yn And for Belgium that is still considered expensive lol. If you live outside of Brussels, and would be willing to spend 20 minutes on public transport, you can probably get something for €750.
I am in the Netherlands, it is same here as in the UK.. 1500 euro rent for a house is cheap.
And now I suddenly feel thankful for living in Brussels. My rent for a brand new studio is 810€/month, which isn't ideal considering my current salary but it's a great bargain honestly!!
When I moved out of the UK 16 year ago, I never expected it to be the best thing I ever did for myself. The whole country has just gone down the pan. A shadow of it's former self is an understatement.
@@llama2851 best that I leave soon then. Which country should I move to?
@@llama2851 wow that is cheap! Maybe I could even have a family there. Of course I'll have to try and learn the language to..
But yeah, the odds of me buying a house and having a family etc on a lower wage is looking like zero! At least here in the UK.
Some guy in these comments said it's a big world out there and to look for other places, rather than stay in the UK.
Have you been to Bulgaria?
I'm off to Italy. Done with this place.
@Klaus Can you quote me a scientific study that conclusively support your claim that migrant workers cause wages to stagnate? I would love to read and study it. May I offer an alternative view in the meantime that wages are not growing because the country as a whole is not becoming much more productive.
@@llama2851 selfish boomer alert
wish i had parents to live with.. im stuck in an abusive relationship and have nobody to run to to sleep on their couch or anything.. ppl are lucky to have others who care
Stay focused on leaving. Make it your souls mission. Learn to earn more money in whatever way is available to you. Then leave when you are able to. Don't tell the abuser. Pretend that you like him or her. So what you have to. Whatever you have to. And if your a women take birth control. Do not breed with this person. Become the best actor in the world while living with your abuser, don't try to reason with him or tell your truth. You can't fix crazy. If you stay strong and commit your to the mission of leaving and being independent you will be able to do so.
Hope you break free one day.
I hope you doing ok now, and God bless.
@om-nj2hw what you have said is a pretty messed up way of thinking. 'Stuck' in an abusive relationship, just leave and dont play stupid games. Your answer is to use and play stulid games? Simply leave.
I'm 35 and iv been playing rent since I was 19 years old. It does have psychological problems not having your own place and allways have the fear of having to move 😢
One factor that I haven't seen mentioned is the fact that so many people are still single in their 30's as opposed to even 20 years ago. I'm not saying everyone should get hitched in their 20's, but it made renting or buying a home much easier when you had a household income that included two people. With so many singles it creates quite the log-jam with available housing.
It does but the only problem with that is what if you break up.? The deposit gets lost (unless one of you can afford to pay off the other and take on the mortgage solo or the house gets repossessed and you both are back to parents with nothing to show for it.
You shouldn't have to have a partner to be able to afford a house.... In the before the 90s it was much more affordable even as a single person. In the 50s/60s/70s you had the husband going to work while the wife stayed at home with 2/3/4 kids and they managed to buy a house with a single income household and numerous kids.... The only way you can do this now is either become a single mum and claim benefits or an asylum seeker.
Dating isn't what it used to be trust me. At 25 it is hard. Women are so, so selective nowadays. Online dating has changed everything, and hook up culture emerging again.
I'd be lucky to maybe get a response from one maybe two women at most, even then it's a gamble. The Juice just isn't worth the squeeze.
And no, cold approach doesn't work anymore unless you are blessed with good looks. And don't forget the new cat calling law to!
Edit: Yes I have experience dating and being in a relationship, but I just wanted to point out things are different now, womens attitudes have changed.
You negate the fact that single renters were the majority before 2000.
@@shanepatrick641 women are so so selective? Sad because I feel men aren’t wanting to commit these days. I just want a good communicator who is honest. Seems the ppl who actually want a relationship cant meet due to life circumstances 😂
More people are having their lives ruined because of renting than anything else it’s so difficult because you can never relax thinking someone is going to chop your head off any second and throw your life into chaos. There needs to be more protection for people that rent properties or at least more property for them to rent. It’s getting absolutely ridiculous the amount of emergency housing does not cover hardly anyway towards solving the problem. It’s a massive problem and no one is doing anything about it it seems. It’s take the unfair and just a form of slavery now.
how about mortgages going up aswell. you poor renters
@@derekporter66 a mortgage lender will not kick you out for their personal 'reasons' like what landlords often do!
@@derekporter66 Not everyone can work 4 jobs and be highly skilled specialists
@@derekporter66 I'm not complaining, i got my stuff together, but it should feel rough spending 50% of your salary on rent/taxes, not even talking about young families with alot of kids
@@tehgvd yes that is agreed. We work 5/7 of our life for what ? To go on holiday once a year maybe. How is that worth it. Most of it goes on bills
My landlord and her partner are both taxi drivers who own 6 properties and rent out 5 of them. They bought both their parents council house, their own council house and their grandparents council house all for a ridiculously low price and are now renting each of them out for £850 a month. Mean while my partner and I are both uni graduates with "good" jobs and cannot afford to get our own house. Putting a limit on how many "affordable" houses one family can own might be a good start to getting first time buyers on the property ladder. As it stands one generation has a complete monopoly on all affordable housing in the UK due to being born at the right time, while young people are being shafted.
P.s. My landlords are really nice people and I have a good relationship with them but it doesn't change the fact that their generation is hoarding property. This inflates property prices and financially cripples younger generations.
Council houses should NEVER have been sold, never. That's one of the main reasons we are in this situation allied to too many people.
What are you studying? Uni occasionally is not what its cracked up to be. What debt will you have from uni...taxi drivers badge, fees comes to £700 and they can make hec of a living.
@wcdrobbo4483 Being the benefactors of a particular housing plan and utilising it to your advantage doesn't make someone a bad person. I think we would all like to own 6 properties and rent them out if we could.
Its not my landlords fault the government were basically giving away 2-3 bedroom houses for years on end. However the same government should realise the problem they have caused and take steps to even the playing field between old and young.
Let us say the government is trying to make small businesses and land ownership unprofitable so the commoner owns nothing and everything is in the hands of a small few. What would they do and how would they go about it?
They've done an awful lot of that stuff haven't they? Despite making record profits, landlords in developed economies are losing properties, not gaining them, so clearly, it's not as simple. Small businesses? We lost half here in California during the lockdown. Their storefronts were all bought up by big companies.
If they don't want me to assume this to be the end goal, then they should act less like it is.
@@gamble9437 25 years ago I was saying that buy-to-let would ruin the UK property market because it would lead to middle-aged Mildred and her husband owning all the affordable homes. People laughed at me at the time, but I bet they aren't laughing now that their children can't afford to move out.
The thing that really used to annoy me was estate agents advertising every small flat as "An ideal investment property". Why can't landlords invest in something else so that young people can afford to buy homes?
Back in 2007, during my time working in real estate, I witnessed people purchasing newly built homes from builders with the plan to sell them before the closing of escrow to another buyer for a profit. The crash hit hard and fast, and I vividly recall many of these units ending up foreclosed upon, with the builder's plastic still covering the carpets.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
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Jessica Lee Horst is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.
Not to do with renting I know but it is related: my partner and I both work full time, don't have children and save a good amount of our salaries every month and yet we will STILL struggle to get a mortgage large enough to buy a house. Something about the UK housing system is very very broken.
And it is deliberate.
They keep importing economic migrants and are not building new houses. Add those two factors together.
Same thing happening in Canada. I think it's a mix of foreign buyers, empty homes, and Air BnB. Also I’m 38 and had to move back in with my mom
And most of all mass immigration
You could move in with me instead
Nailed it on the head. Excess investment funds have to go somewhere. After 2008 you had low housing prices and low interest rates. REITs bought all the affordable properties, thus causing a shortage which raised prices and priced out buyers. Those potential buyers are renting from the REITs so that they can have a house but will never build equity. Those that have even less are stuck in apartments at the mercy of landlords. The rich get richer.
@@roww10 Also lots of people made easy money with crypto/stocks boom recently and again some of them invested in property.
You also import foreigners like it's going out of fashion. It was over 400k people last year. That's a ludicrous number of people arriving versus Canada's population.
I live and work in Switzerland as electrician. Earning 3800 Fr. If I had to rent an appartement a third of my salary would go for the rent. Another 10% for Healthcare wich in Switzerland has to be paid every month even if you don't benefit. Then car assurance, motorbike assurance, electricity, phone, ect... I would have to live for working instead working for living. So I stay with my mother so I have a bit of money to go to the gym and eat fresh food not junk food.
Don’t you guys make a lot over there? I’m training to become a uk electrician myself and I hope to god that the money is there and I can survive working as an electrician!😢
@@davidmarjason4222 You surely live well as an electrician in Australia.
@@kod9400 that's australia dude ;-; I'm uk
@@davidmarjason4222 2 options then, scotland (cold and wet but you can buy a basic house) or leave the UK.
@@W1DO It depends,not in Edinburgh maybe in the around, there are some options, but the capital is unbelievable very expensive unfortunately
Honestly, what is so shameful about living with your parents? Not so long ago, most people lived with their parents until they married and established themselves in a profession.
So many people I know in London including myself have been kicked out of their place, forced to pay £300+ more a month for something further or worse to live in. I was so close to giving up and leaving the country while searching for a house
Move out of London
@@Egyptianfaith thats easier to say than do when the jobs are here. and the cost of trains is high. The "commuter towns" are also very expensive now.
@@moonnoodles4539 find a job where you can work remotely 🙄
@@wulfsorenson8859 you realise most remote jobs are hybrid right? Very few are still fully remote. Which means commuting into an office a couple times a week. So you have to live close enough to commute (expensive) plus the cost of travel (expensive and unreliable).
@@moonnoodles4539 no they’re not all hybrid. Mine is not. So speak for yourself.
I wish I could still live with my parents but I don't...because they both passed away...
I'm so sorry. People who have loving parents with a house are miles ahead of everyone else. It's so annoying when people complain about having to live with their parents.
@@Rafaelleao1977 you need to get a life.
@@Rafaelleao1977🤓
@@Rafaelleao1977 everyone is not meant to be rich, even if everyone tries their best for it. what people don't understand noeadays is that living a normal life is not such a bad thing
@@Rafaelleao1977it’s easier to save all your income at your parents then to spend 75% on rent and live on whatever’s left. For young graduates or people nothing is wrong it’s not permanent it’s temporary until you have a deposit on a house. Yes not everyone has the privilege to do so but those that do take it.
I've left London to Paris 5 years ago and that was the best decision made in my life. One of the reason I've left London was that my bf at that time got very sick from damp, our rent was £1700 a month in Camden. Our salary tripled in Paris, our rent went down plus i have now 49 paid holiday.
Ha! Just had this conversation last night. Paris is always the better cheaper option.
@@a.y.greyson9264 its wierd because a lot of people left paris
Damp flat in the UK made him that ill? Did he recover
Sounds like Paris was a great move for you both, well done 👌
Paris la solution la moins chère mais pas pour les parisiens.
@@estelaangeles2346 I can confirm this, as a French Parisian myself. For several years some Parisians have been moving to other French cities (Lyon, Bordeaux, Nantes, etc) because of the Paris housing prices (either for renting or buying)
I used to live around Canada water, I was a student and the rent was 500pounds and now it’s 800pounds. I lived in London at right time and left at the right time but I love London and English people and the people from other European countries and it was fun to hang out with them. Hope the rent will go down, the prices are crazy.
Girl at the end is lucky she had a dad to live with. I wish my Dad was still alive. I'd have him come live with me.
I want a beautiful woman to come and live with me
@@SamuelBlack84 Easy: become a beautiful and interesting man to live with
@@sergueymelnikov7977 I'm already both those things 😁
I'm 38 and still living with my parents in the Philippines. It's not right but it's okay. 🙄
look at the condensation on the window at 1:03 no wonder the pace is full of mould .you have to open the windows and let fresh air in
In Asia you live with your parents a lot longer, this problem also stems from people feeling they have to leave there parents, if you have good relationship with your parents there is no need to, its just peer pressure, living with your parents is having somewhere to live.
And not only that , you can save ALOT more living with your parents, as long as they are decent people.
I couldnt do it love my parents so much but i need my own life away
It also stems from parents feeling like they need to kick out their kids. My pops called it "tough love" and kicked out me and my siblings, youngest one being 16.
@@GhostSamaritan That "tough love" is an excuse. He just didn't want to have his children in the house. Irresponsible and selfish.
20 years ago you could Stack shelves in Tesco and own a home, now you can be a Dr and not earn enough to be accepted for a mortgage around south east. This means people have to rent
Landlords own 40% of the housing market, if half sold up it would ease costs
Accurate. I’m a doctor who lives with my parents, loads of my colleagues do too, it’s just so expensive
Many are selling up and that is exacerbating the shortage of rental properties.
Welcome to a debt based economic system where there is no underlying asset restricting your cabal of central bankers from printing fiat currency. If you trade your labor for an income your time is being made worth less as a function of moneyprinting. Step outside the system and use non-sovereign currencies & own assets. Otherwise you're in Klaus Schwab's world where you will "own nothing and be happy" under the CBDC.
Since 2016, landlords have been net sellers of property in the UK that's one of the reasons rents are higher becusse rental supply is lower
Also Landlords dont own 40% of properties its less than 20%
Living in cities in England makes no sense to me. It looks like a struggle to survive and to add insult to injury you have to live in a city in England.
I love living in London. Other than housing costs, it has great public transport (I don't have to drive), and lots of opportunity to do stuff, like go to cinemas, lectures, the theatre...etc. As well as a number of nice parks and canals and interesting career opportunities.
@@merrymachiavelli2041 not for me, takes hours to get anywhere outside of the city & in the city most of the things I like to do are not possible (mountain biking, hiking, road cycling, walking on the beach, playing games that take up take space, growing plants, building things, riding motorbikes) in London I feel like it's only easy to watch other people do stuff (eg watch people act stage/cinema).
London would have been OK when I was 17-23 (if I had enough $ to go out), but to me London is a great place to visit & a terrible place to live.
@@W1DO Different strokes for different folks! I don't do sports. I do get it's not for everyone. Personally, the biggest specific draws about London (compared to other cities in the UK) are educational opportunities - I can go to a different lecture or exhibition every week, often for free. And the ability not to have a car. I _really_ hate cars (aside from anything else, they are hella expensive to buy and maintain)
Side note, but it's kinda paradoxical - people in London might be the most disconnected from nature, but as a region we also have the lowest carbon footprint per capita in the UK. High density urban living is generally greener.
All I'm saying is that there are upsides.
@@merrymachiavelli2041 I generally think the way carbon calculation done is skewed to benefit people who own land and property, but that's another argument. I do get the argument that "factory farming" humans can be lower carbon though.
I also love cars (I have owned many track cars and like race motorbikes too). I feel like using petrol just to get to the shops or for mundane tasks is a waste of petrol though and would rather ride bikes where I can...
This is happening all over the world due to Corrupt Mainland Chinese money laundering.
Stuff like this is why expats from the U.S. and Europe move to places like Thailand or the Philippines. The cost of living is way less but the quality is either still the same or a lot better. Especially if its a beach front property.
I'm in my 50s and still living with my mother. I pay the bills and taking care of her.
Bless you, I'm going to take care of my Mum when she needs it :)
Bless you.
Good stuff keep your head up
God bless you ❤
Take good care of your mother, be proud of yourself. Remove the word ‘still’ from your statement. You have dignity and you treat your mother with dignity. I respect you Ramy.
Same thing happening here in the USA . Estimated 40% of under 30's are living with parents because rents are ridiculously high. Housing prices are so out of reach as banks give mortgages to just about anybody resulting in too many people with borrowed money, and not enough housing, fueling ever rising prices. This has had the knock-on effect driving up rental prices as people (potential landlords) overpay for property. The cheap or affordable rental housing or apartments for lower income earners, (persons who make less than $30,000 pa) just don't exist, even outside of major cities. The only places that have cheap housing are the depressed areas like ex-factory towns where manufacturing has moved overseas and there's no work.
I feel really sorry for those who have no options, and are forced to pay this!
I was lucky I could stay at my parents. It's sad so many people don't appear to have the option of living with their parents
U have no culture of living together with yr elderly parents & to serve them when they need you. that is why you too do not deserve to live happily .The Allah is mercuiful and we too should be.. but unfortunately you are lacking it!
How lucky I am to be heartless 😄🖤
Why would you want to? Its embarassing once you're into your 20's. Can't be considered an adult if mum and dad still have to look after you. I don't care about the costs, you make your own way in life.
@@lawrencebaker1811 Living with your parents doesn't mean they are looking after you. Like you still have to pay for the household and share the housework. I'd rather live with parents and save for mortgage.
@Lawrence Baker thank you for you stupid option
A lot of the mold problems can be alleviated with a good cleaning, avoid opening windows when it’s humid and a dehumidifier to prevent it from coming back. I did this and kept the mold from coming back this way. I do recognize that there’s a renters dilemma, but I also see a lot of renters don’t pull their weight when it comes to maintaining their rental.
A severely underrated comment. As someone who came to live to the UK from the "outside" I was surprised to see how little effort and knowledge do most people put into caring about their homes (and bodies).
I'm in my 30s, in a full time job and still living with my parents. I don't really see myself buying a house, or starting a family. All that comes with a price, and under the current climate it's just not possible.
I’m 34 and lucky to live with parents. No gf/wife and def no kids. All the money I make goes to their account. I only take to buy food. Save tons and tons of money I’d be spending on rent or if I bought a house under this hyperinflation catastrophe. Homes that should be in the low 100s going for over 300k.
@@Luka23567 The prices of homes is just ridiculous! Houses are meant to be homes. Not to make millions!
@@shanepatrick641 I agree. Homes where I live are simple single family in the suburbs. In 2009 ish the most expensive house in my development went for 200k….now the cheapest smallest one is going for well over 300k. It’s ridiculous. Nothing tangible added, same house, same structure.
Time to move out bud