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by walthamstow 406 days ago
It's a great advantage of people from the London area, especially inside zone 6 where travel is much cheaper than outside the TFL area.

However, it is also likewise a trap. Prices have moved quicker than people can save, unless they have a lucrative career or live like a monk

I know one person trapped like this, he's 30 this year. He has good savings but can't afford to buy on his own, bank won't lend enough on his salary, he needs a partner, but it's harder to find one when you live at home.

1 comments

I think it's a broader phenomenon. I was raised in the capital city of my country, but moved to a smaller city because I can work remotely and was largely priced out of the real estate market at home anyway.

This allowed me to afford an apartment while my siblings who stayed are basically stuck renting.