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> How anyone saves for a deposit, while paying rent [...] is beyond me.

I couldn't agree with this sentiment of confusion more -- especially living in San Francisco, even with a reasonably healthy wage.

WTF!!? & here I thought Toronto was bad. I'm assuming rents don't get any higher than this right? You must earn a lot although I'm certain the rent erodes a significant amount of your take home, after tax pay.

That's like 50th percentile for central London for a 2 bed flat.

But central, rather than inner. Of course it's eyewateringly expensive to live in central London. The way London works is that people live in the bits outside the centre, and commute in for work and leisure. People who live in the centre are a bit of an anomaly.

Not expensive at all. Decent standard one beds in an ok area in zone 3 can cost £1500/month easily (about 10km from the centre of London).

My answer to London was to find a cheap, multi-bedroom flat and sublet the rest. After that I wound up paying about £300/week, or under half what you pay. 2009 Whitechapel, near Brick Lane.