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House Hunting Emo Blues

I've barely started and I already hate house hunting. Then, once you have finally found a reasonable/good place, you then have to move which (especially with all my stuff - for those that have never been to my house, I have a lot. No really, I mean  A LOT. I can't stress how much junk I have enough. Think of ALOT and then multiply it by SOME MORE. Now you're getting close. Yeah, I know, I need to get rid of some of it. Why do you think I've been putting things up on ebay all week?).

Everything is also so expensive and so small.

London rents are verging on the ridiculous. We're looking at £1400 a month for a 3 bedroom house (that's about $2,800 for you New Worlders) and it's still a struggle finding somewhere! If we lived in Notting or Leicester we'd be able to find a 3-bed place for between £500-600 a month! Even Brighton would be between £900-£1000 a month.

I love London, but the city is doing it's damndest to get me to relocate.

Comments

( 6 comments — Leave a comment )
pyat
Jan. 19th, 2008 03:44 pm (UTC)
Big cities are like financial singularities - monetary black holes that pull you in because all the good jobs are there.

I have friends who paid $300,000+ for a two bedroom house in Toronto, with a ruined garage. I live 50km away, and paid a third of that for a larger house in better repair, in a nicer neighbourhood.


Edited at 2008-01-19 03:44 pm (UTC)
doccross
Jan. 19th, 2008 06:08 pm (UTC)
$2800 for a 3 bedroom home? Damn! I think San Francisco might have that same level of pricing, or worse. Even here in Sacramento, 3 bedrooms houses rent in the $1,000+ range.

Cities...ya love 'em, ya hate 'em.
(Deleted comment)
angusabranson
Jan. 19th, 2008 06:49 pm (UTC)
Yeah, you start hitting £2000+ towards Camden.

The £1400 is the current 'lower end' of the scale in Finchley too. Most of the properties for 3-beds are more £1500-£1600 or more it seems. Although another problem at present is the availability of homes. There are more people looking than houses for rent which is just pushing the prices up further. The £1400 rented property today would have been about £1200 6-12 months ago. Our current place (which is very nice and was refurbished before we moved in) is only £1170/month and that's with two prices rises since we move din four years ago!

It's just not a good time to be looking to rent in London. many of the landlords are selling up hoping to either beat the expected property slump in the next year or so or because they've gotten themselves into credit problems and need to sell to liquidise some cash.
lenfant_de_jeu
Jan. 19th, 2008 07:40 pm (UTC)
NZ$4,200 a month?! *gags*

I know I live in a very VERY small town. I know that we get paid crap. but the nice 3br I'm in right now costs NZ$1200 a month and I think thats a bit expensive. Dunedin rental prices have skyrocketed in the past 2-3 years as people have bought up rental properties at insane prices and trying to get enough back to pay their inflated mortgages. I fully expect a good number of them will be sold off in the next year (some already have) as there are now more rental properties than people to fill them. (We're a student city, if we get 200 less students enrolled, thats around 50 empty flats).

Then again... they say that it does cost 3 times as much but you earn 3 times as much over there (and spending those few days over there in 2006 I can attest to the high costs)...

Maybe it really is obscene rent we're paying to live in our small green piece of NZ - and we should start to get real but now your rent doesn't seem that bad at all.
widow_x
Jan. 20th, 2008 05:58 pm (UTC)
Seems like a ridiculous waste of money to me. I mean, why don't you buy somewhere? At least your money is going into an investment and now going into someone else's pocket?

I could get a beautiful property for that sort of money in Glasgow. I know London is different money but renting over buying? Wouldn't ever do it again.
snesgirl
Jan. 21st, 2008 11:57 am (UTC)
would it be cheaper to buy...?
could you club together and ge ta joint mortgage
( 6 comments — Leave a comment )

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