@_NOMICS Hi, I know you don’t know me and I can’t seem to find the tweet about property you made. Whilst you’re correct and successive governments have stifled our ability to be able to purchase in London, people are also built differently and don’t have the mentality of our

parents before us. People are too interested in stunting at sushi samba with £400 jackets and cars that cost them £600 a month on finance. People have their priorities wrong. I’m 26 and sold every designer garment I own and moved from an 18 plate to a 07 plate to scrape the money

together to fund a deposit for a house in Hartlepool. Don’t know where it is? Me either. The rental yields are 10%. I bought one, and the mortgage is £80 a month, the rent is £600 a month. After fees and such, i was making £450 a month from that home.

After 18 months, I withdrew my deposit of £15,000 so it was back in my pocket. Oh yeah - it’s a 3 bedroom terraced house, with garden and attic that cost £60,000. Deposit down was £15,000. That’s not hard to achieve (£15,000). So now I’ve pulled my £15,000 out and I’ve bought

another. But this time in Durham. Near the university. I used the same £15,000 to grab a property and the rental is £600 again. So that’s £900 a month off of both properties. In 18 months, I’ll pull out my £15,000 and go again.

I do understand your point though, London is a myth but doesn’t need to be completely. Imagine in 5 years (I’m 23) I’ll be 28 and I remortgage 3/4 properties up there and pull out £60,000 from all 4, they’re set I’ll renting and bringing me £2250 a month, and I can purchase a

Property in London with a deposit of £60,00 or there abouts, receive a rental income of about £2250, including the £2000 I receive from my full time job.
Hopefully I will be 28, monthly income will be £4250 and I’ll have a place in London.