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by notauser
1936 days ago
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There is definitely non-linear pricing in the London housing market as one example. When I was last looking - Studio apartments and one bed room apartments rented for similar amounts, and so did two beds and three beds. But the price jump from one bed to two bed was much larger than any of the other jumps. You can speculate on many reasons why this might be the case (smallest size apartment for a family in the city, smallest size you can split with a friend, smallest size with space for an office). There are exceptions and I'm sure that more research time could help you find them. But one of the points made convincingly in the artle is that if you are poor you don't have a lot of energy, time or gas-money to do that kind of research. |
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The typical tradeoff in London is price vs proximity to work/transport. For most people. Safety comes in at the very bottom end, but still you can live far out and commute. I'm not saying that's a pleasant experience, or that being poor is a pleasant experience in general, but the tradeoff and choice exists. If you have a job in central London that you'd commute to though, fact is you are already probably well off compared to most of the country. It's a bit like how student debt mostly affects the middle class. Same with expensive season tickets for the train.