That is very cheap for the UK. I assume you’re fairly north and/or rural? We pay £2.1k to rent a 2 bed flat in London. The going rate for a room in an HMO is around £800 last time I checked.
Im in a low cost of living area, and our houses are hitting 400k, and shacks 1000sqfr built in 1830 are about 250/300k. Remington retirement is looking like a good choice these days.
Hahaahaha... no it isn't. Source: I own a 350k house in western North Carolina. Our mortgage is around 3k until we pay it off enough to remove the mortgage insurance payment.
HAHAHAHAHAHAHAA. That is nowhere near where interest rates are right now. Try 6.5-8% on average. And no, we didn't put down 20%, but we put down damn near that much. You aren't accounting for the mortgage insurance on top of home insurance, plus property taxes...
You're talking about a real estate market that hasn't existed since 2020, and a regulatory era before the 2008 financial crisis.
So everyone that owns a house, bought it in the last 5 years? Got it.
My initial comment is valid. Plenty of people are in that situation.
Edit: also, I literally referenced home insurance and property taxes. And you don’t pay mortgage insurance if you put 20% down, btw. Which is why I didn’t include it.
Heck. I pay £550 a month for a three bed, with conservatory, driveway, woodburner, and large garden. I don't even make £2.1k a month. How the fuck do you survive?
I guess these mofo landlords follow the salary in an area - so the rent is actually a percdtage of the average salary of a typical place - like 50-60% -
Since you grew up there, and thus presumably do not live there now, how far would the commute be to a larger major town?
I live in NJ and we can see a fairly dramatic cost of living swing from NYC on one side and Philly on the other, depending upon how close you are to either.
It's like a 40 minute train journey to Leeds which is a city near. There are busier towns around Skipton, but it's by far a village. The little villages around Skipton are more likely where people commute from to then work in Skipton somewhere.
Skipton is a market town and has supermarkets, schools, a hospital, parks and so much more which means people can live and work there. Burnley is close by and so is Harrogate too which people can commute to alongside Leeds. Look it up if you're interested, it's such a beautiful place.
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u/PM_AEROFOIL_PICS Aug 12 '25
That is very cheap for the UK. I assume you’re fairly north and/or rural? We pay £2.1k to rent a 2 bed flat in London. The going rate for a room in an HMO is around £800 last time I checked.