Originally posted by virtualm
View Post
1) £250 insurance is really an excessive premium - I used to pay <100 for a similarly priced London flat, also your stuff in a hotel in not insured or protected either, they explicitly say that!
2) council tax, if you're living single and is your second home will usually attract 25% discount, so more like £110pcm depending on the borough
3) when the s*** hits the fan and you let landlord know that you're out of work, they will usually be very keen to replace you - they'd rather have another paying tenant than some jobless bloke.
4)finally it's very likely that you'll find another gig in London soon enough so no need to get rid of the flat...
5) you can get a very nice broadband for £10 pcm in a flat, whereas for instance Ibis charges that per day! As most of us rely on Internet, it's probably good to factor that in.
Still one major advantage of the hotel is you can usually stay a bit more central, or at least closer to the tube station, and obviously if you factor in bank holidays and maybe working less the 5 days a week, it does change the picture...
It really does depend on the situation, but in an uncertain contract I would normally stay in a hotel initially and move to flat as time goes by (upon extension maybe)...
Comment