Living costs in cities
In yesterday’s 6pm movie screening, the lead character mention a loan she needed to complete her help to buy repayment. The main character, Rachel, purchased a property in Manchester after deciding to move there following a job opportunity at a publishing company. Her new editorial position still required her to travel to London on occasion, but the travel costs did not exceed the savings she made on her living costs after moving out of London where she struggled to buy a property. This character’s situation was very relatable for many audience members who shared their views on social media.
Many people shared their frustrations due to the difficulty of purchasing a property in the capital. This is felt by many people of all ages and in many large cities all over the world. Cities that are notorious for their rent and property purchase prices include New York, Los Angeles, London, Paris, Tokyo, and many towns within Hong Kong. People often get roommates and live with family members to reduce living costs and save for their futures. Moving to suburban commuter towns is also a very popular choice taken by more and more Londoners every day who find themselves being pushed out of the city due to living costs. Some apartments in cities like Seoul and Tokyo require large deposits worth around 10000 GBP for rental properties.