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by dogma1138
3862 days ago
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By spending sometimes 80% or more of their post tax income on rent.
I'm lucky and spend only about half, not remotely broke but will never be able to buy in London either.
In the us a similar income would get you a nice house, a pool and even a tesla, in the uk a Prius plugin will cost nearly half of my yearly post tax income and a 2 bed where I live is about 10-12 years of post tax wages. |
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In a comparable place in the US (i.e. NYC) a similar income gets you similar housing - and not much more in food/services.
If you go out into the boonies, yes US housing is cheap but so is the UK. And in both places few people manage to earn six figures outside the bubbles of NYC, Boston and SF/Valley (nationwide, $100k is 92nd percentile of income give or take).