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> How is going back to the office forcing you to buy £15 lunches? You don't have to even eat Tesco sandwiches. Believe it or not my parents made their own sandwiches at home, which probably has a cost of around £1 for a lunch. So you can save £10-14 on lunch. And they might actually be tastier, but again, needs personal input and work. You can go as far as only paying for a train ticket to get to work and rent the smallest flat in zone 4. Even assuming that you manage to survive on 40£ per day including rent (that in London buys you the lifestyle on a European agricultural worker in 1800), and that you earn an average income (35K£), you won’t save more than 1000£ per month. Which is 12K£ per year, which barely matches the average price increase of properties in London. If you earn 90K£ per annum, with this miserable lifestyle you can save 3800£ per month, which is 45K a year. So living the most miserable lifestyle possible, somebody in the 90th percentile of the income distribution, can put down a deposit to buy a 2-bed flat after 3-4 years, assuming prices stop spiralling out of control. Considering that a millennial should live like a miserable for decades to buy a 2-bed flat that their parents could buy with a few years of savings while having normal lives, I find it extremely out of touch to claim that an entire generation (the better educated in the history of mankind, I repeat) can’t buy homes because they can’t manage their budgets. > And your math is completely off again. £2000 per year is £20,000 in 10 years, plus interest you might have £25-30k Which is 1/6 of the deposit you need to buy a 2-bed flat in London. So it’s 60 years for the deposit and then a 40 year mortgage. Assuming, again, that prices don’t keep doubling every 10 years. |