The Nth Monitor

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Dan Pantry

12:48

Alan Rickman has died. :(

1 hour later…

Dan Pantry

13:58

@Zak have I really been that misinformed about London prices?

£30k for a middle class lifestyle in London doesn't seem so bad. That's about what I am on now and I would consider myself middle class

Of course, you'd always have to rent in London because holy crap those mortgage prices

Zak

£30k will get you a middle class lifestyle in Cardiff.

London is, well, just horrendously expensive.

Say you earn £100k a year in London. That's £65k after taxes.

For a nice 1-bed flat in a resosnable part of London, assume £400 pw.

That's £21k per year.

Down to £44k

Dan Pantry

@Zak what the fuck

I have a rather crap 1 bed flat in my place and it's £570

read: can't use the sink half of the time becuse of static shocks

Zak

per week or per month?

Dan Pantry

+ £100 council tax

Zak

oh yeah, forgot council tax :)

call it £4k per year.

Dan Pantry

14:04

cringe

Zak

Middle Class food, call it £5 per meal.

Dan Pantry

£5/meal sounds about right, thats' what I do now, yup

Hardly middle class food, I just never buy in bulk...

Zak

Add in eating out/takeaway etc.

Call it closer to £10

£36k per year

Dan Pantry

math

Zak

so now we have £4k left

Dan Pantry

14:05

Okay, so mabye not an exggeration then.

Seems crazy you'd have £4k disposable on a £100k/y salary lol

Zak

Yep. Have I mentioned? London. Is. Insanely. Expensive.

Dan Pantry

At my current level of expenses I could have £4k in 5 months (if I didn't spend anything)

Zak

And then you read that Median salary of £35,000 again

and wonder how on earth half the population of London even survives.

Dan Pantry

@Zak students + living outside the city, I guess

housing market in this country is truly fucked

I remember an article the other day saying cardiff bay flats are "low priced"

It's £800/mo for a single bed flat, what the hell are you on about "low priced"

That's nearly half my wage

Zak

to be fair, the housing market >1 hour away from London is very reasonable.

On a historical basis.

Anything within London's influence though is just ridiculous.

Dan Pantry

14:08

@skiwi Not just Chinese investors.

People with lots of money buy houses/flats and do them up just to rent them out

I remember reading an article the other day where a huge percentage of flats in cities - not just London - are unoccupied simply because they're being bought-to-let

And because no -one can afford them.

It's a bubble. Hopefully it pops because rental prices are truly ridiculous

Zak

London bubble won't pop because the attraction isn't primarily about returns.

Dan Pantry

I mean more in my area

Wages combined with rental costs and truly ridiculously agency fees really limit where I can move

Zak

it's primarily about minimal overseas restrictions, secure store of value, and prestige.

Dan Pantry

read: £450 agency fees

Zak

Ouch.

Dan Pantry

14:15

it should be criminal, honestly..

@Zak £250k signing bonus.. lol

that's what I would earn in 10 years

3 hours later…

Dan Pantry

17:17

1 hour later…

StackExchange

18:40

http://www.commitstrip.com/en/2016/01/14/a-story-about-timestamp-and-timezone/
CommitStrip
A story about timestamp and timezone
CommitStrip
1452796443

2 hours later…