Overpriced Property?
mr_goo
Posts: 3,770
Ok forumites. Whilst on my rounds this morning, I happened to look in the local estate agent window and saw this 4 bed mid terraced property for sale. Yours for a cool £1.3 million. Not in London. And definately not Sandbanks (those are all 'Look at Me!' glass boxes)
Always be yourself, unless you can be Aaron Rodgers....Then always be Aaron Rodgers.
0
Posts
Not Lymington. Which is just a few miles from my doorstep. There are similar style candy coloured houses. But even there it would be taking the wee wee at that price. I would estimate Lymington equiv would be about half the price.
How about this 3-bed terrace for £3.85m...
To be fair, those are good size double bedrooms.
But it can't even manage a separate hallway. Staircase in the living room is what I associate with cheap modern builds that can't afford internal doors.
Is "villa" a Southern thing? In Yorkshire that would be a terrace!
London/Leafy Suburbanites that want a holiday home. It nicely ensures that youngsters cannot get on property ladder as it inflates the local house prices.
It's in Salcombe.
More local to me are villages on Isle of Purbeck where permanent occupancy is below 50%. And Mudeford Nr Christchurch famous for its £250k+ beach huts (shed painted bright colour).
Rock is the same and prices have been skyrocketing for a while.
We grew up on the beaches of Mudeford. I went every summer since I was in nappies until I was about 18 staying on those things. Mum tried to buy one when they were £12K and dad said no.
Cleverly in some areas of Cornwall (Bantham I think) they have banned homes from being let for more than 12w per year.
(1) It sells at that price
(2) but not to you because you cant afford it.
I think BMW Mn's are over priced for the same reason
Earnings at their age are comparable, but the cost of living is significantly higher.
When we are seeing people drowning in the Med just to move somewhere where they won't be bombed I hardly think it is unreasonable for my middle class friends to move somewhere cheaper...
I agree. And it's not often we do. I would go as far to say that in many areas it is people in their 40s to 50s that struggle to buy. Even though they have reasonably well paid jobs.
Depends on where the middle class jobs are innit.
S'all very well living in the outer Hebrides, but that commute ain't feasible.
Good idea! Let's all emigrate to another country, that'll do the UK a load of good.
Agreed, I'm just playing devils advocate because I'm *lucky* and moved north for work and the Mrs has also found good work here too. Having said that there are affordable houses within commuting distance of Glasgow/Edinburgh/Stirling and presumably lots of jobs. Some of said middle class friends from home just have well off parents and work in supermarkets so it's not a massive surprise they can't afford anything
Salcombe is ridiculously expensive, should have guessed
Yeah. I graduated in '09 up North but the jobs market there was eye watering - I remember applying to one place and the guy actually replied back to say - "I'm really sorry, we've just cut our workforce by a third, we're in no position to hire" - so London was the only place feasible, and even then it took a long time.
Turns out I ended up in an industry which is extremely London centric (the concentration of big corporate execs outside of London isn't high enough to support the industry), so I'll have to take a career change & step back when I'm inevitably forced out of London when I start having children.
Gah, that sounds like a difficult situation that a lot of people are in. I'm in the opposite position where I can live down south and earn pennies or live up here and do better, we are quite an odd company group so the guys at the top have an office in London and town houses in Mayfair and we are stuck out in the sticks...