Why I Throw My Money Away on London Rent 💸 | Back to London

Annnddd here we go. Whenever I make videos about how much it costs to live in London, including what I pay in rent, I get quite a few comments from people who are genuinely shocked by the rent prices, and many who are also disgusted and tell me I'm throwing my money away and should instead purchase my own property.

The thing is that there are MANY reasons why I choose to pay London rent prices and why I both cannot and don't want to own my own London flat. And the thing is, people of my generation around the world are dealing with the same societal and economic problems that prevent us from purchasing our own home without help from wealthy parents or inheritance money. We're not just throwing our money away on hipster cocktails and avocado toasts 🤣

So in this video I explain why I don't own a property and why I don't want to live somewhere else in order to save money to get on the housing ladder. So I hope this is either informative for you if you've been lucky enough to buy your own home, or you can relate to this if you also go through the same thoughts and difficulties, and pressures to "buy your own place, don't pay someone else's mortgage" 🙄 Admittedly, this narrative pushed on us for our whole lives has angered me which I think comes across in the video!

This video is part of my Back to London series, where I share the process of moving back to London after lockdown and into my very own (rented) flat. Watch more:
I'm Moving. (London Flat Hunting 2021): https://www.youtube.com/watch?v=phagZdTH6pM&list=PL6u96nZN-L_b4E6-XwgMEzzq9Ap1nj8Ue&index=1&t
Your assumptions about living in London DEBUNKED: https://www.youtube.com/watch?v=xpUUHFQjWdU&list=PL6u96nZN-L_b4E6-XwgMEzzq9Ap1nj8Ue&index=2
London flat makeover series coming soon!

Resources and more info:
Zoopla London house price index: https://www.zoopla.co.uk/house-prices/london/
No Place Like Home: The Generation Who Can't Afford to Buy: https://www.independent.co.uk/property/house-and-home/no-place-home-generation-who-can-t-afford-buy-1921781.html
Young people with deposits still cannot buy homes: https://www.bbc.co.uk/news/business-45776289
Majority fears future generations will never buy a home in the uk: https://www.theguardian.com/society/2016/mar/21/majority-fears-future-generations-never-buy-home-uk-house-price
One in three UK millenials will never own a home REPORT: https://www.theguardian.com/money/2018/apr/17/one-in-three-uk-millennials-will-never-own-a-home-report
Chart showing housing prices increasing faster than wages: https://forums.moneysavingexpert.com/discussion/6113777/help-me-understand-why-house-prices-and-rent-wont-rise-faster-than-wages-forever
How much items would cost if they rose with housing prices: https://www.thisismoney.co.uk/money/mortgageshome/article-2462753/How-items-cost-risen-line-house-prices.html
Cladding scandal increases homeowner insurance premiums by 1000% : https://www.which.co.uk/news/2021/01/cladding-scandal-insurance-premiums/
Cladding scandal: flat owners fear bills of up to £45,000 for safety failings: https://www.theguardian.com/money/2021/jan/23/cladding-scandal-flat-owners-bills-safety
House prices rise as Covid sparks rural relocation: https://www.bbc.co.uk/news/business-54986071

Free London 101 Guide for first-time London visitors: https://goo.gl/Eh3HP3
Your first 3 days in London, completely planned for you: http://loveandlondon.com/3-day-london-itinerary?utm_source=youtube&utm_medium=video&utm_campaign=video%20description
Daily London-y stuff on Instagram: http://instagram.com/loveandlondon
London resources (airport transfers, SIM cards, etc.): https://goo.gl/nsZZ64
How to say thanks for the free advice: https://loveandlondon.com/how-to-say-thanks-to-love-and-london/

About Love and London:
I'm Jess, I've lived in London for many years, and this channel is a London travel guide for anyone visiting the city that wants to experience it like you live here. Beyond talking about the usual London attractions, I show you some of the cooler things to do in London, that most travel guides don't mention. Watch my videos and you'll feel like you've got a Londoner friend telling you the best kept secrets in the city.

Видео Why I Throw My Money Away on London Rent 💸 | Back to London канала Love and London