I wonder who are these people willing to work in London and transfer 60% of their net income directly to landlord. Maybe money doesn't matter because most of the time they spend in work and commuting?

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ojhughes 20 hours ago | parent | next [-]

Isn’t it the same deal in every major tech hub?

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retinaros 20 hours ago | parent | next [-]

London is #1 at that. You earn a bit more than rest of europe but everything is way more expensive

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lifestyleguru 20 hours ago | parent | prev [-]

In other European "tech hubs" you're not going to find a job or will not be able to rent anything.

	▲	LunaSea 20 hours ago \| parent [-]
		Or you can come to SF and live in your car or at the gym.

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dangus 20 hours ago | parent | prev [-]

The math works out for almost every HCOL area. Your salary is higher. Rent is high too but people either choose to live further away or accept a smaller apartment/condo.

London has a big commuting radius with strong regional transit (as maligned as it is).

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blibble 20 hours ago | parent | next [-]

> London has a big commuting radius with strong regional transit (as maligned as it is).

yes, you can quite easily live 50 miles out and be at your desk in under an hour

	▲	Citizen_Lame 8 hours ago \| parent [-]
		As long as you don't use trains.

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lifestyleguru 20 hours ago | parent | prev [-]

There goes another 15% of your net income on train tickets. Eating out every time (because have no time for proper value shopping) and you are basically working in exchange of food, housing, and commute.

	▲	ctrlmeta 7 hours ago \| parent \| next [-]
		Where are you pulling this random 15% number from? And a ridiculous number too. It's more like 2% to 3% unless you spend your entire day traveling. I just checked how much I pay for travel. My monthly travel expenses is £150 total. That's like between 2% to 3% of someone's net income (depends on how much net income you make). Do you know it is impossible to 15% of your net income in travel because there is a weekly fare cap: https://tfl.gov.uk/fares/find-fares/capping Worst case scenario, you are traveling too much every week to max out the fare cap across all travel zones. Your monthly total would be £244. That's like 3% to 6% of your net income. But this is the worst case scenario. If you are spending 6% of your net income on travel, maybe you should reconsider which zone you live in. So seriously where are you pulling out this ridiculous 15% number from?
	▲	conradludgate 20 hours ago \| parent \| prev \| next [-]
		As long as you live within Greater London and can use TFL, it's more like 5%
	▲	blibble 20 hours ago \| parent \| prev \| next [-]
		it wasn't even close to 15% of my net income when I was 25 and it certainly isn't now that I'm quite a bit older, and I earn a multiple of what I did then
	▲	dangus 20 hours ago \| parent \| prev [-]
		Using hyperbolic percentages harms your point, it doesn’t help it. But yeah you’re right dude, we live in a society. We work to support ourselves. What a shocking surprise.