How Do Londoners Feel About Their Cost of Living? || IBT UK Investigates
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- Опубликовано: 2 июн 2024
- Amidst rises in rent prices and growing concerns about the cost of living in London, the IBT UK team asks Londoners how they feel about their expenses, and if they are managing to get by.
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I paid 350 for a single room in Maida Vale, London in 2008.
After 6 months I realised there was a hole under my bed and I saw a huge rats tail go in it.
That scrummy place would now be 800 pounds a month to rent.
London is a dump.
😮
800 is Maida Vale? More like 1300. 800 is now a single room in East London.
@@vonder7 I rented a small room in 66 Fernhead Road, W8 for 350 pm in 2008. I don't think you will ever see that price again.
800 is cheap what a bargain now lol
@@iskkarate yeah I think that would be real deal, I was paying 700 in Maida Vale back in 2010 for a rented council flat living room converted to a bedroom 😂
I grew up in London and moved out 22 years ago. It was unaffordable then. The only way to survive is to move further out
I grew up in London. I got out as quick as I could. It's a dump.
That’s the point sadly I moved out 15 years ago but lucky was able to rent out the property.
Leave! We take London for us!
After 15 years in London I actually moved out last Week.
£830 just to rent a double room is the going rate in E3.
Where did you move?
@@Ash-ov3ci Back to the family home near Bristol...
I plan to move to the midlands after the summer.
It's about the only place left in the UK where you will get value for money.
@@pn2124 Even on over 40k, it wasn't making sense.
You need 50k plus to be comfortable in London imo.
@@pn2124 I see what you mean.
Thankfully I'm still commuting into London once a week and my work pays for most of the train fair.
No rent to pay currently other than contributions to bills etc.. pretty custhy atm, but it won't last.
So just gonna make the most of it of now.
830 per person or in total? 830 for 2 rooms are actually very good price.
I was born and grew up in Clapham, London and left just under 10yrs ago, I miss the convenience of socialising and some friends who still live there but I DON'T miss London at all, and in fact moving away from UK in the next couple weeks as the whole country has changed over the last 10yrs.. and sadly not for the better!! The housing and living costs in some areas are just absolutely shocking!! cost of living in UK for the quality of service is just absolutely ridiculous now!!
Where are you off to Mark, since you’re leaving the U.K.?
Dubai?
Leave! We take London for us!
And the government, media and civil service despise us natives and worship blacks/browns/muslims/jews/mass third world immigration.
TO UK GOVERNMENT INSTEAD OF FUNDING WARS FUND INTO YOUR OWN PEOPLE.
Leaving London is one solution.
This boost up the prices outside of London and next year, your advice will be relocate to another country 😅
yes thats the ideal option moving out of this dump @@Ivan-fs7go
@@Ivan-fs7goAlready feels like another country
Basically is @Slothdeman
to where? salary is shite regardless
No way, Sadiq Khan needs to put Bus bus prices back to £1.50 and have trains London Underground as a flat fare of £3 😊
Yeah it's ridiculous I have to pay 1.75 pounds for 10 minutes ride on a bus. THis government is formed by clowns.
In Italy I paid £20 for a week of unlimited buses and trains, imagine the same in London
Perhaps. But funding is set by the tories.
@@riveness yea labour mayor and conservative government is not going to work
Sadiq Khan first four years was good
Last four, very bad
TFL makes large losses even at these prices. The whole system of transport is bloated, inefficient, wasteful, bit like other socialist systems in the UK like the NHS. So to do what you are asking requires massive reforms. UK politicians have shown no ability to make any meaningful changes in any area for many decades.
Council tax going up WHAT A SUPPRISE , 😢😊
Cost of Tory crisis
Why on earth would anybody want to live in London other than a slighter better salary? It's just not worth it. Move to the countryside or seaside and be 10 times happier. There's more to life than chasing a high salary (corporate slave).
100% agree
Nahhhh its Shepherd's Bush and Ladbroke Grove West London for life!! Funny enough I moved to Dallas Texas USA😂😂😂 I love London though because that's why I a Londoner
esp if youre a coffee guy and usher. Those jobs are everywhere. And how did he become those things. Where was his ambition.
the council tax is passed on for those council employees such as garbage collection and the employees in such industries need that extra pay to compensate for living, there should be a rent cap on homing and housing should be graded, because people are charging huge rates for abysmal living conditions
Well said.
If you are a 30-year-old coffee pourer, you probably shouldn't be living in London.
TAX WEALTH, NOT INCOME
I left uk in 2019. Best move I ever made.
Where did you go?
@@Shino88 I moved to Italy with my wife. Still renting but only pay €350 a month for 2 bedroom flat that has sea views. London I was paying £1100 for a small one bedroom flat.
@@shawndurbs nice one , trying to workout where I want to live at the moment I'll add Italy to the list.
@@shawndurbsNice! I’m following in your steps but moving to Zurich fairly soon. Rent is quite steep but salaries are so much better so you can enjoy life and save money.
@@shawndurbswhere abouts in Italy?
This does highlight the frontline problems with living in any big city, especially London, but you dont get to the meat of the issue. Why are costs rising in the UK and the US? Because since 2008, the wealth holding of both countries has dipped to historic lows. 14 years of the Tories and they have done nothing to address the problem and have actually added fuel to the fire. Now we pay more tax for less pubic services, because as a country we are having to service our debt first.
We need radical change! And i am not talking about the fringe rightwing nutters of Reform, but actual politicians capable of coherent thought. Admittedly they are hard to find in this day and age!
First we must re-nationalise our utilities and stop giving away the profits to private business. Next up and crucially, we must ensure the rich pay their fair share of tax. Because if weath inequality increases, the divide will continue to widen and soon enough nobody will be able to afford a home.
The cost of food and rent is a real problem, but unless we address the cause there is never going to be improvement.
‘To live is the rarest thing in the world. Most people exist, that is all’ - Oscar Wilde
My theory about London is that there are secretly loads of people doing really, really well. Hence the rent prices.
I'm still living at home at 30 & would love to live in London one day, but it just seems like an absolute pipe dream right now. No matter what job you have.
That's a pretty bad theory. Housing is essential. London pays better and has better job opportunities than the rest of the UK, so it's seen as a good place to build career. Plus, there's lots of going on. That doesn't mean that pay keeps up with the cost of housing. Rent aside, owning a house is far more expensive, adjusted for income, then the rest of the country. In London a property costs something like 12x the average London salary. In the rest of the country, it's more like 6x. Rent will follow similar logic
London is good for bankers traders business men for the elite others wasting your time move up north lovely towns and villages no pollution ulez murders etc
Its getting just as bad up north
That’s the problem with British people if this was France they would all be rioting English peoples solution is move and actually help London be only for the rich smh .
Make London Great again!
It's a complete joke - why is there not some regulatory body controlling rental prices? And don't even get me started on the rail prices.
Move to Blackpool.. very cheap and they do great fish and chips
Do you own a chip shop... hah
My rent is £725 a week for a 2 bed/2 bathroom in London.
Sounds like a bargain!
£3,141.67 a month, fucking hell 💀
My mum and dad pay for a 2 bedroom for £800 a month in central London
I thought 'Wow, what a barga...' - Then I saw 'per week'😶🌫.
I'm trying to move to London, seriously rethinking my life choices.
@@MelOBrien-12 literally 😂
Food has definitley gone up. It is ridiculous
Shared ownership is just as bad. My rent Increased by 9.4% and service charge 4 % on top of mortgage payments
that scheme was to mug suckers off in a bid to keep demand for house high. sorry you fell for it
The rent increases are a direct reaction to Section 24.
It has pushed hundreds of thousands of small landlords out the market which is a huge supply of rental stock being sold into the market.
Less supply and high taxes on rent has resulted in this problem.
So thank the government for that.
I don’t want to move out of London, I love this city it’s exciting. I’m only 18 but I hope I’m not in a position where I’d have to move out of London
What's the point of existing... The end of the title say's it all- Cost of LIVING!!!
We are completely lost aren’t we? Maybe it’s just a phase and we’ll pop out the other end going what the fuck was that all about?!
@@goych A phase? Haha, but yeah I'm sure it is a phase until it rises again and again and again ! I've never heard of the cost of living decreasing, have you ?
@@dw5556 i didn’t mean a phase of economic woe but a phase of humans being deranged
But then again I see that that’s also always been the case
Oh dear!
6.1% my a… my friend and I live in different counties and both landlords asked for 15%+ increase. I moved back to my parents’.
what area of London were these interviews done?
That’s actually a fair point. Where in London also plays a role in price etc.
Choosing the option to leave UK! Rent or house prices compared to wages are Nolonger reasonable
Great idea. Where are you going to go and what are you going to do there?
who is the interviewer ? shes pretty
The same is happening in São Paulo capital in Brazil
Incredibly expensive, constant price rises but little increases in pay. Only the rich can buy a home.
My advice: don’t come to London unless you earn over £50,000.
Lived in London, I was pay check to pay check. I tried slimming the budget, tried more hours and even tried cutting meals.
I left to go back to my home town, I have no regrets leaving, im actually able to save and have been a lot happier. London isn't for the common man anymore, its for the rich and they can have it for all I care 🤷♂️
It’s almost as if the more people who want to live in an area where it’s difficult to build many new dwellings the higher the prices and rents.
That's not actually a very good explanation though. The population of London isn't increasing by 20% every year House prices, rent, and mortgages are rising everywhere in the UK, because the wealth of the super rich has exploded so they're buying up property as investment. Since COVID the wealth of the top 1% has increased by more than £800 billion, mostly from the Bank of England printing money and government debt, which is driving up inflation even more. And it means the government has no money to build or buy back affordable social housing.
Rent would be a lot lower if there was a wealth tax on the top 1%, to pay for more social housing, and rent controls for private landlords (like most other European countries).
@@DaProHobbit The large number of people entering the UK every year causes far more demand for property than these super rich people buying up property. And if the rich are indeed buying property as an investment then in many cases someone will be renting it. The top 1% already pay about 30% of all income tax in the UK.
@@DaProHobbit In the boroughs of Ealing and Haringey half of all social housing lets went to foreign nationals.
That's gonna be the whole of the UK soon 😂 20 years time and they'll start building cities in the Scottish Highlands because England's running out of space.
Historically, 30% is the lowest proportion they’ve ever had to pay - and that’s if they even pay that. Rishi “worth £700 million” Sunak paid 22% on his income last year. That’s nothing considering he would PASSIVELY earn over £20 million on his assets in the same period. The rich naturally empire build at the expense of everyone/everything else
Don’t shop in Tesco express!
Why?
Extremely expensive.@@gomperhooblet
@@gomperhoobletit's expensive. That's why
@@user-es2fg6hl3z Don't have much of a choice if you live and/or work in Southwark where this is filmed!
I love paying 60% of my monthly wage to a person who does fuck all but horde property
yeah and they have the privellages most probably because they were born earlier than us or have rich parents. Lovely!!
@@mbbx5va2 or they work there way to the top from nothing
It's mad that wealth inequality isn't even a political talking point even though it's the number one cause of all our problems
Save a deposit and move out of London then
@@PHTV11 it's happening everywhere, London will just be a bit ahead of the curve. We should address inequality as an economic obstacle rather than allow the gap to go further.
There needs to be cost of living protests. People can be bothered to still protest about Covid but they can’t be bothered to protest about cost of living
High interest rates are causing misery to many poor people. Happened on the Tory watch.
worse under labor if you remember that far back
it's not. It's excessive demand.
It was Tony Blair who destroyed Britain with mass immigration not the conservatives who have had long enough to stop it and will never be in power again due to the Islamic threat that has happened on their watch.
Wrong
Hahahahaha
My poor sister is on a zero hour contract and shes working just to pay for her rent and bills and thats been like that for 2 years and theres nothhing glamorous about her life no more and her luxury life went out the window when she had to do it all alone
Jesus... every second word is "like" that's American. We really have had it.
I have pre pay meters and I discover I been paying much loads more than quarterly
we are a group of london landlords and we expect to double the rental in coming three years 🎉🎉🎉 we hope everyone can pay more rent to us and it is good that everyone likes london❤❤
Going out?! Please! Read a book, rent a movie, play some games, and keep it moving.
"Less is more, small is beautiful, simple is best"- Theravada Buddhist proverb.
I live like this and don't have to.😉
If people actually bothered to learn to cook and not buy food that goes to waste, you'd save a lot of money and supermarkets would put prices down. Can also buy discounted food if you'll use it up within a few days or freeze it and use it later after defrosting and get almost the same nutrition for 1/5th of the price.
No time for cooking when people work 9 to 6 +2 hours commuting
@@Jaa_morant How long do you think it takes to cook? You can cook a healthy meal in 15 minutes.
Amen
It’s all about strip-mining wealth out of the people.
move out of London to the North ike me. work-life balance easily achieved
Why more people don’t leave U.K. I don’t understand since the wages to cost of living ratio is worse here than just about anywhere else in Western Europe. What is the point in them staying here?
coz yuck
Many already left.
Because its their home
How would someone move out of the UK easily, since its no longer part of the EU and therefore doesn't enjoy freedom of movement with EU anymore? To move to another country you need at the least a work permit. Most employers dont want to sponsor someone for a work permit unless they have specialist skills like for eg a software engineer, or certain car factory workers etc. On top of that you have issues with language most ppl not speaking German in this case.
@@zatarawood3588 Yes they are all very good points. Especially the freedom of movement you mentioned. Now it’s not so simple to go work in another country as it was. We’ve sacrificed that and the promised returns have never come, surprise surprise. So you are right in what you say, it’s far more difficult to just get up and do than some people think. But there are ways it just takes a strong willpower and determination
This country is just a rip off
If you pay £650 rent, and it's half your salary, means you earn under £17k/year, which is half the median salary. That is a very low salary
Even council housing has gone up ..yet the services and repairs and terrible response from the council still very low poor quality
How much it costs to buy a 1 bedroom place there? In some ok area
Maybe get a wife and share the costs. Living in flatshares is a rather grim existence.
I’ll just pop off to my local wife store
Maybe landlords should fuck off
Or get your money.
"Just get a wife" lol.
@@Matt-ou7tulool go to the wife shop
Dusty
I was supply teaching in London in 1994 at a rate of £73 day and paying £45 for nice ground floor room in Fletching Road E5.
I wonder what the numbers are now. Anyone?
Expensive 😢😮
When the second person spoke it made me think we are basically slaves
Make council tax optional.
An Asian woman interviewing Londoners the problems in London....THE IRONY......
Her biggest gripe is Tesco express soup? Lol.
😅doe zo verder
"-I think it got a bit far" that guy doesn't understand what happend since 2015
then as a follow up question ask them, how they feel about invasion/immigration?
It's like being a Greater Beggar in Greater Britain 😢😢😢
Rentals going because interest rates going up too
Why just London and not the rest of the UK?
cause only London matters 2:34
Gee, I wonder what happened to half of the social housing in London......?
All bought and resold
@@nimanixo 47% with immigrants and 53% with paper Brits/descendants of immigrants.
Struggling struggling
I left in 2019. I was nearly 30 back then. I rented out my forest gate house as a hmo for 5200£ after bills and live a great life in Bucharest where i am from originally. Also my son is 3 and a half now hehehe
Maybe would be better to have son born in UK? Cool citizenship it seems!
Wishing all the best to you and your lil one!
And why is people going along and don't rebel or go out matches etc??
Sounds like she's reading a high school GCSE paper out aloud.
Да вот так вот
Abolish council tax and people will be much better off and happy
rents are going up but everyone complain will do the same if they had the chance
no, I wouldn't on principle. However, if landlords are taxed more by the government because some of them got wealthier over covid then perhaps I would have to to keep up with the buggered mortgage rates
They didn't declare an end to the pandemic, they started to up the war on russia and started their next fear campaign
This is what you get for voting Conservative for 13 years
Wherever i have South Asians they speak American accent in uk
Never had south Asians. What do they taste like?
i am so perplexed with these under 30s .. if you get accepted to a London Uni, but you cannot afford it, then choose another uni outside of London.. it's really not rocket science
Not going to the uni of your choice is not a solution. People should be able to live, work and gain an education in the capital city if they so choose. You're essentially saying that London Uni's should be for the children of the wealthy and elite.
This is about prices going up, it's not rocket science but that means they weren't as high before
@@JozefEtienne I would like to live in Mayfair, should that be my right too?
@@JozefEtienne And that is exactly what they used to be and what they will become once again. Corporate feudalism will be the norm. Only the elites will be able to access quality 'humanized' services within the next 10-20 years.
Not London
More like *Londump*
I hate london 😊
Do not give in .do not comply
And these are the effects of every Tom, Dick, and Harry buying properties to invest, which is compounded by the government's unwillingness to build more affordable housing. Both problems can be fixed with the right government, a government that is willing to legislate new policies to protect public living standards. The rich are getting richer and the poor poorer.
And why people comply ???
People in London are looking too much into their own nables instead of unite and communicate more and form help groups etc
i don;t get it, there are so many better cities up north such as Birmingham, Manchester, Coventry, why people still rate London!?
It has that special aura I guess. And a cool night life/artists coming there often
not much of a demographic who answered...
Stop blaming landlords - just think about their costs. Higher interest rates = higher mortgage costs. Similarly increased wages = higher management costs, accounting etc. Not to mention repairs - have u tried to find a qualified labour person? They cost fortune! And landlords don’t charge u any more despite being obliged to carry out repairs which can costs thousands of pounds…
For thr love of God
we feel it is brcause we are paying for immigrants
immigrants? are you joking?? you REALLY think you're paying for immigrants, and that they are the cause of this mess?? I can tell you what you are paying for that actually is the problem:
- You are STILL paying for the rich bankers who the government bailed out using your money via handouts back in 2008.
- You are paying higher taxes because the rich (including many elected officials, huge corporations, the royal family etc) want to exploit loopholes and not pay their fair share of taxes.
- You are STILL paying for the greed of the shareholders of all the assets that milk snatcher margaret thatcher privatised.
- You are paying for the billions that the UK government can somehow afford to send to fund and support the Israeli, Saudi and Ukrainian armies.
-You are paying for the millions Boris Johnson spent in useless PPE contracts for his rich friends during the covid pandemic.
- You are paying for Liz Truss's tax cuts for the rich.
- You are paying for Thatchcer's right to buy council house scheme.
This is only the tip of the iceberg. So no, it's not because you're paying for immigrants. The government always uses this trick of pointing the blame at some group or the other, but never at themselves - and you fell for it. Embarrassing.
You’re wrong it is foreign investors buying up all the property or past council house renters buying their home and then selling it/renting it for 10x the original price
Student in london been there done that just a scam so they can put loans on you go get a real job and work
Fine, "all refugee's welcome" (sign, time stamp 0:07), fine, OPEN YOUR OWN HOME TO THESE PEOPLE, TIL THEN YOUR A LIAR!
Well if continue to believe bs from the system
London is an extreme view, but its shocking how much everything is so high and never will drop I'd say but its just all greed nothing else
Covid meant a largely accidental tranfer of wealth from the government to wealthy land owners, so, stupidity and greed
Eat this, pirates!!!!!
650 a month! I was paying that in London in 2015 for a room. I wanted to have sympathy too.
Yeah I thought this tbh. £650 is about what you'd pay in Manchester for a room and thats a fairly decent price
Its not landlords asking for way too much. . Anyone got a calculator pls calculate what the interest of 5% of an average cost of home in london per month is . Landlords also have mortgages to pay and they are struggling very bad . Imagine paying £1600 interest per month on an average flat in london . So people are complaining that they cannot pay rent so landlords are supposed to pay for that too like a charity ?
Maybe then landlords should just get a real job instead of leeching off their tenants who actually pay the landlord's mortgage.
@@caaaaats9890most landlords have a job and are trying to sell no one is leeching on to anyone . They are doing what the can to get by and renters are doing their best . It’s the economy that is struggling and so are everyone in it. It’s a misconception that landlords are same most of them only own 1-2 properties max and are in their 40-50s and struggling to keep upskilling to earn and banks are onto them . It’s not easy to be a landlord it’s easier to earn than being a landlord with todays economy and policies
@@caaaaats9890also what is the alternative move in together and pay the mortgage 50-50 😂
@@caaaaats9890People want rentals - your solution, landlords should leave the market.....
No. People want affordable housing. If landlords weren't buying it all up and driving the prices up then of course, we wouldn't be in this scenario. This is all a product of not building enough social housing @@user-si7fj5rh5u
The problem isnt the landlords as such. It's the energy companies, and illegal immigration and politicians.
how about trying to learn more skills and get better paying jobs?
@@gingerbeardbro you need to fix your mindset. I could get you earning close to six figures in a great job with no degree in less than 5 years.
Is it even possible to rent something decent for an immigrant with some ok job?