I’m currently living in a 2 bed apartment in Brighton, UK. Sharing the rent with a friend, which is £1100 (then you have bills on top of that).
I used to rent a 1 bed studio apartment in a small town which was the mid-point between Brighton and London… that set me back £550 in rent on my own.
It’s not just London in the UK, but most of the south and our major regional cities which are getting fucked by a toxic combination of property as assets/money laundering, reducing protections on rent and renters, utter lack of house construction for decades (general housing, affordable housing, and social housing).
I would happily trade moving to NYC and putting up with the pressures on housing faced there over the nation wide property bubble which needs to pop here in the UK, and that’s before you even begin to think about the ways in which brexit is going to trash the wider economy.
My prediction: 10 to 20 years from now, the UK would have splintered apart into its constituent members. If the USA doesn’t get to grips with their own version of our problems, I can see the number of member states dropping below 50, too.
