oh hello there everybody and welcome back to what is definitely not a duolingo video
that video is coming next week i had to push it back want to make sure it was perfect
i treat these videos very preciously my name is evan edinger and uh today we're actually going
to be talking about a really interesting thread i found the other day the london rental market
is flat i don't think anyone can disagree with that unless you're from the north you're already
telling me you're from the north and that's cool i appreciate the comments the engagement's good
but for the rest of us here london market is absolutely really uh for those of you that are
unaware i just got my own place now i i own this place thank god however for the last five months
i've been bouncing around different airbnbs and it's been a dreadful experience i've come
across some really interesting and lovely people that were also bouncing around different airbnbs
because they were just trying to rent a place and the market is so incredibly tits-up right now
it's like not possible this lovely woman from capo verde was looking for two months
and from september to october just nothing nothing nothing she was trying to view places but
they just kept getting snatched up another lovely guy from hong kong same situation and it's not
like they were looking in westminster or something like that they're just looking in greater london
and it just seems like it's a really really tough situation right now i thought it was just because
students were coming back into the city from covid and they were snatching up properties but
no it seems like everything's going when i rented for four years in the past i remember every time
i'd give a call to an agent to be like i've seen this lovely property they'd say well it's
not in the market anymore and it made me feel like conspiracy theory here but they put all the really
nice ones on so you get phone calls they get your email address and then they try and sell you some
little rinky-dink place now that aside we've got the little reddit thread here also if you enjoyed
this content you could subscribe you know this you know the rules so i need to rant my partner and i
have been looking for a rental property around the brixton hearn hill area all right that's i
mean it used to not be that great now it's pretty trendy it's got a tube stop in south london but
no it's gonna be pricey for brixton these days uh for four months now with a budget of 1500 pounds
now if you're from the north you're like oh there could give me a bloody mansion
up there in the durham it could get you a lot of things in durham can't get you a good time can it
i'm just kidding i love you anyway um 1500 uh not to give you a conniption is more than enough for a
one bed right if you and your partner are looking london 1500 pounds about two thousand dollars
that can get you a one bed in like most of the zone two and three and four zone one probably not
maybe a studio if you're lucky uh two bed very easily you can get for 1500 in like zones three
and four and from wherever i've lived in the uk i've lived in london and loads of different places
at this point like 10 different areas for the most part 1500 for a two bed makes sense i think
750 has been like a standard price for a bedroom in a flat full of other people
so it says here um so he wants to make sure he gets a one bed flat there we go so that should be
pretty easy i'd say uh with some sort of small outdoor space the dream we know the compromise
is an outdoor space over a second bedroom fair enough fair enough we have joined many wait
lists we've had countless viewings we've even offered on numerous properties without even
seeing them first now that jesus that's that's scary desperate i would not recommend doing that
there are so many scams out there that you could put money down on something goodbye he
never existed property's not real don't do that sir we've got we have had absolutely no success
we've either been too late to be the property as eight other people have viewed just before us and
all of them offered or we've simply been outbid even when we put an offer in before viewing yikes
it's just yike uh just yesterday we decided to offer 1560 for a tiny one bed with a shared
outdoor space which was 60 pounds above the asking price uh we found out today some utter morons have
offered 1700 per month that's over 20 000 pounds a year for a tiny one-bedroom semi-rundown flat
whose owner lives in thailand who likely doesn't give a [ __ ] about the property uh before i keep
reading just want to point out i think it's a little bit interesting that he was like
i offered 60 pounds over someone else offered 100 pounds over what a piece of [ __ ] there's
a little bit of lack of self-awareness in this post i understand he's very frustrated he's like
15 60 a month totally fine a little bit over that that's 20 000 a year you're willing to pay 19 000
something though weren't you i do find that a bit bizarre it's kind of like when you're
playing runescape with the lads and someone's bigger than you and has higher score you're
like whoa try hard and if someone's worse than you they're a noob you are the only good player
perfect okay i believe in you anyway meet me in the uh wilderness so sorry getting distracted here
uh the fact that we're living in a market where we're literally bidding for the privilege to pay
someone else's mortgage is utterly preposterous it's i agree 100 statement of the statement
this this whole system is horrible and shouldn't exist in its current form at all in my opinion
this should not be legal i agree the listed price of a rental property should be the final price
it is let for landlords and they should decide who takes the property based on the applicant's
credentials that we have to provide otherwise the whole applications process is a moot point if all
that matters is the price yeah this does sound like it's coming from someone who that would
behoove them sure but i do agree that there should be some sort of cap some sort of limit if er which
obviously goes against free market capitalism which i'm totally okay with uh it's just
if if we just keep letting this go unfettered who's going to be able to afford to do anything
anywhere uh in london all right i know you've already commented about something
up there it's fine but yeah i i 100 on page uh let's see we've been driven to the point
where now we're seriously considering whether we can afford to buy something albeit very small
we found one bed flats on the same road as the one bed and some idiots are paying 1700 a month priced
at 400 000. i do find it bizarre he's uh obviously when you get angry i definitely have been someone
like this you get angry sometimes you just want to throw out the old stupid idiot but if we put a 10
deposit down we could have a mortgage of 15.50 and actually be homeowners that is the dream
uh we can't afford that deposit whatsoever and we have to ask the question what else can we do
we're certainly not going to offer 200 pounds above an asking price on a property that we
won't actually own that is the utter problem with the way this system is uh basically the system
is currently in place so that you can afford you you barely can but you can afford to rent
let's just say thirteen hundred let's just say you can afford to rent thirteen hundred pounds a month
and you clearly have a history of paying that much and then you go to your landlord and you say hello
i'm going to buy a place you go to the mortgage brokers you go to the old lenders and they say
mortgage is going to cost about a thousand i don't think you could afford it you know that i
i've been paying 1300 and they're like what can we do it's all about risk can you pay it for 40 years
continue being milked and drained by the system so that you'll never be able to buy it's a horrible
horrible horrible horrible horrible horrible system i really get got to get that off my chest
i'm tired of expending so much effort looking for a rental property that won't ever be my home yeah
i understand that this whole concept of bidding for rental properties is ridiculous absolutely
not fair our tory government won't ever seek to change anything about this either well i mean a
lot of those guys happen to be property owners so what are the chances what are the chances
it's about that sort of market that makes the rich even richer absolutely horrible horrible as much
as i love london i really do resent it equal parts because of situations like this i think
that's a very fair assessment uh the community on this subreddit this is just the london subreddit
we've got they've said not eligible for a mortgage totally eligible to pay someone else's mortgage
it sucks absolutely end of the day that is the worst part about this whole system right now
the whole you can't afford to get it yourself but you can afford to pay someone else's off
i've also seen some pretty terrible tick tocks not that i have tick tock but i saw them linked in a
uh what's her name jenny ferg what's her name it's escaping me i'll link it in a card it was a really
good video about this type of annoying content where they're basically affluent people going
here's how you can trick people into paying off your mortgage and it's like say the quiet part
quietly maybe don't broadcast your evil capitalist plan anyway uh that's that aside not being single
and trying to rent on your own oh yeah i'm sorry try being single that's that's it took me five
months to get this place holy crap uh i'm not single but i'm not moving in with anyone it's just
me and my youtube business so i'm trying to find a room in a flat share and the prices are horrendous
oh my just for renting i oh my god i know like people that have rented one beds for 1500
a month which is ridiculous because for the most part you can get that like mortgages are basically
that and then some it's just crazy i totally agree with your points but do you really need to live
in brixton slash hearn hill this is a big point that i was thinking about they're pretty expensive
areas you could get a two bed if you just looked south east but does anyone really want to live no
offense no offense no offense but also kind of croydon yeah stratum i mean and there's nothing
really wrong with the areas it's just the public transit okay i don't want to have to like people
always say when they're down there like oh i'm only 20 minutes from waterloo and you're like sure
when you're at the station and there's a train that just happens to be there you know what i'm
saying like it's never actually 20 minutes from waterloo it's always well you walk 10 15 minutes
to the station and then you wait for the train and then you get the old overground or the thames link
and then he takes you up to waterloo and then you gotta get around from there it's just uh i don't
personally i didn't want to have to deal with that but brixton is a bit of a trendy area so
it does feel like a bit weird it's like me saying guys i can't find a place under 2000 a month on
oxford street what's going on what's going on i i basically want to say from my experience living
all around london zones two three four that's mostly where i've lived i lived in zone one once
wouldn't rate it it was expensive but to get zones two three and four personally
i think three is the best three is like right in between it's a two slash three
if you wanna live in one of those areas but you get the close enough to transit in with a nice
uh like train get near the underground at least like a ten minute walk and also you have trees
and greenery and it feels a bit away you know the chiswick area i really vouched
for i was in islington at one point that like highbury area uh that was quite nice uh peckham
listen i just i needed i hated the buses i didn't want to walk through burgess all right but i did
it uh next we got here brixton is one of the most sought-after areas in london yeah it's it's very
trendy so it it does kind of not make sense maybe that's his dream not necessarily london
but specifically brixton and i really understand that because i fought so hard to move and buy
somewhere in chiswick specifically but i just couldn't i had to compromise i really wanted
outdoor space i had to compromise i have a balcony but i wanted you know earth to plant some trees
sadly i took what i could get i'm very thankful but yeah that a lot of compromises to live in
this bloody city uh we got here first off your criteria narrow your search down way too much
pretty much most properties that have outside areas will be two bedroom flats or bigger
yeah pretty much pretty much most properties in the very specific areas looking for as old as
brixton and hearn hill don't have a lot of new builds compared to other areas so there's no
value for money budget wise yeah yeah nonetheless they're still widely popular so you have a lot of
competition and it's much more competitive when it comes to sales widen your criteria absolutely that
that's another big one it's kind of like notting hill like that is incredibly trendy like imagine
being an instagram or tick-tock influencer and just being like why can't i afford this place
because every other tick tock schmuck is now there all right there's nowhere left for you
i don't know if there's any like old people left in notting hill it's just
well actually they're living in the homes the people visit they take photos out front i saw
this girl come by the other day i was there brought loads of outfits i respect the grind
but if someone did that on my doorstep i'd write like i i don't know something they
wouldn't want in their post we'll stick but then they'd probably come just for that reason
have you considered moving slightly further south down so basically oh west norwood
yet again buses there's nothing wrong with the bus but if there's no speedy way it just makes me feel
like no one's ever going to visit me as often or i'm not going to visit people because i'm like
ah i don't want to have to go into the city uh if you live around tooting i've heard tooting's very
nice i think it's a zone four or five right uh it's a bit far out but it's got a train that's
all i'm caring about northern line and it sounds like fun tooting it's pretty nice i'd say that
that's a good recommendation a bit cheaper than brixton absolutely but that is uh pretty much uh
this video i think i've managed to do this in one take just kind of having a little nice chat
i like doing this style thing it's kind of fun but also it's kind of disastrous in terms of
the content i'm very saddened about how horrible this system currently is and my question to you
hashtag engagement do you do you have any honest ideas on how this situation can be fixed the only
thing that i can think of is maybe possibly have some sort of cap have some sort of cap on what
the mortgage is that that freaking landlord is having to pay or what the value of the property is
and then the rent is capped on a percentage of that and you know what i just as i was saying
it i went there's a big loophole they're gonna go oh really um we're going to outfit the place
with uh stupid fake art i got from a store so that increases the value and then i can increase
the rent and they would just inflate this i don't think any of the properties that are on the market
are worth you know 30 of what they currently are you know places are meant to be lived in
uh and the fact that the other day i saw that 80 of properties in london that are unoccupied or
like owned by companies i will source the actual information somewhere so i'm not speaking out of
turn in this one take fit but disheartening very upsetting very sad and i know it's happening
a lot in new york it's happening a lot in the u.s in general and a lot of other cities in the world
i know dublin i'm sorry uh but as as i live in london it is currently my place i do consider
myself a londoner this hits close to home and i'm very sad about it so what do you think what do you
think we should do in this situation are we doomed forever or is there any anything really we can do
not to sound disheartening but there we go anyway uh this has just been a casual sit in chat where i
read a reddit thread uh if you like this type of content well you you do know what to do i
assume at this point if no youtubers ever told you i won't be the one okay thanks i'll see you
back here next sunday uh for a little video on duolingo i promise i swear i really hope
i could do it for the next week i i want it to be good anyway i'll see you in the next one goodbye
ah well that was that was nice i i was i just didn't even cut just kept going
watch these other videos if you want you know live your own life have a nice day