London house prices still crazy!

Yakubu22

pizzagirl wrote: »

It's grim up north though. What with all those whippets and black pudding.

idiot...how are the jellied eels?

the_ash_and_the_oak

55k prob a decent way under city average could get you a 1 bed around same area at 4 x salary +10% deposit

http://www.rightmove.co.uk/property-for-sale/property-23316845.html?locationIdentifier=OUTCODE%5E756&maxBedrooms=1&minPrice=80000&maxPrice=260000&radius=0.5&pageNumber=4&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DOUTCODE%255E756%26maxBedrooms%3D1%26minPrice%3D80000%26maxPrice%3D260000%26radius%3D0.5%26index%3D30


most city types prob got much bigger deposits tbf tho

GracieP

the_ash_and_the_oak wrote: »

a 74k salary at 4 times salary plus 10% deposit can get you a pretty good 2 bed flat in Bow tbf

But a 2 bed flat in Tower Hamlets is not the traditional home of a city worker with a salary of £74k is it?

Bow is quite frankly a s**thole, it's only while prices were rising that people spent big money to live there, as they felt assured of big profits because it was a "hotspot!". Without the lure of big profits a s**thole is just a s**thole.

ETA; Edited as I had assumed a swear filter.

the_ash_and_the_oak

Not disagreeing with you. Just saying those are the salaries currently required for those flats (I actually think both are quite nice and I like that area but that is by the by).

If it is not city workers that are buying these, then the question becomes "who is buying them"

GracieP

the_ash_and_the_oak wrote: »

If it is not city workers that are buying these, then the question becomes "who is buying them"

At the moment? No-one.;)

the_ash_and_the_oak

GracieP wrote: »

At the moment? No-one.;)

have to admit I'd been thinking similar thoughts tbh

diable

daveb975 wrote: »

I don't think that there is any real equivalent to Beverley Hills in London - if there were it would be crazily expensive.

The houses there are more similar to our 'stockbroker belt' in places like Weybridge with massive gardens and swimming pools, but Beverley Hills is quite central (the equivalant of being in London zone 2?), not 20 miles out of the city centre.

I think the closest you would get are The Boltons

http://www.rightmove.co.uk/property-for-sale/property-11041578.html?locationIdentifier=REGION%5E85432&minPrice=3000000&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E85432%26minPrice%3D3000000

ruggedtoast

drc wrote: »

What do people think about London house/flat prices?

I think that you would have to pay me to live in many London postal districts.

Back when I was in my 20's I could walk out of my rented council block flat in the East End, past the graffitti about who was in what Massive, past the yellow serious incident posters of Mile End (does anyone know anything cos we certainly dont tee hee) , the signs warning about muggings the Met post in Whitechapel and off to some trendy club where a neanderthal bouncer could rough me up at the door before shoving me to a ticket booth so I could get properly mugged.

Once inside I would buy a drink for 4 times the going rate from a barmaid who would treat me with all the respect of something that had crawled out of satans rectum and leave me to stand crushed in cheek by jowl with the other punters, conversation drowned out by ferocious decibels of the music du jour in some faceless void devoted to binge drinking..

Going home I might get the fight bus and watch the wannabe hard men kicking off over "respect". Or I might walk and think how awesome it is that the gangs "leave you alone if you leave them alone"

I would compare all this to my provincial home town and decide that I was in what must be just about the coolest, edgiest, most happeningest city in the entire world.

And then I left and went travelling and working in other cities in other countries. Cities where the staff in trendy clubs call you sir and you can actually breathe in venues that have some atmosphere. Cities where they think a living breathing policeman is a better deterrent to crime than a poster warning you of it.

Cities where a trip to the doctor doesnt involve waiting for hours in a place akin to a crowded refugee camp in a developing country.

Cities where the schools are there to prepare children for the adult world, rather than serve as daycare for knife wielding psychopaths.

And then I came back to London after some years abscense, walked around for a bit, got on a tube train that broke down in a tunnel, went for a night out, got the bus home, was started on walking down the street by some enraged drunken !!!!!, and had a moment of epiphany when I realised what a festering scab of a city this is.

If London was a person at a party of cities I would sit in the downstairs loo all evening rather than talk to him. A loud mouthed gobby pillock with a flash suit and gold jewellery, oblivious to his terrible halitosis, foul rotten teeth, and the boredom inducing stories about his own excellence.

Property is expensive in London because most people in their 30s or above cant get far enough away from it. Those who are trapped here will pay through the nose not to live in an area strewn with burnt out cars and gobby violent little kids. Unfortunately as there is no area in London further than 10 minutes walk away from a burnt out car, and as the people who burn them are happy to walk, there doesnt seem much point.

London is doing you a favour by pricing you out of it. Go somewhere else. Somewhere better. There are about 5000 places in the UK alone I can think of right now that suck less.

(Edit: After 5 years I have managed to escape to Zone 6. Almost a zone a year. I have almost escaped and when I do I will never be back. I cannot envisage any circumstances where I could be convinced to buy a house here).

Austin_Allegro

ruggedtoast wrote: »

I think that you would have to pay me to live in many London postal districts.

Back when I was in my 20's I could walk out of my rented council block flat in the East End, past the graffitti about who was in what Massive, past the yellow serious incident posters of Mile End (does anyone know anything cos we certainly dont tee hee) , the signs warning about muggings the Met post in Whitechapel and off to some trendy club where a neanderthal bouncer could rough me up at the door before shoving me to a ticket booth so I could get properly mugged.

Once inside I would buy a drink for 4 times the going rate from a barmaid who would treat me with all the respect of something that had crawled out of satans rectum and leave me to stand crushed in cheek by jowl with the other punters, conversation drowned out by ferocious decibels of the music du jour in some faceless void devoted to binge drinking..

Going home I might get the fight bus and watch the wannabe hard men kicking off over "respect". Or I might walk and think how awesome it is that the gangs "leave you alone if you leave them alone"

I would compare all this to my provincial home town and decide that I was in what must be just about the coolest, edgiest, most happeningest city in the entire world.

And then I left and went travelling and working in other cities in other countries. Cities where the staff in trendy clubs call you sir and you can actually breathe in venues that have some atmosphere. Cities where they think a living breathing policeman is a better deterrent to crime than a poster warning you of it.

Cities where a trip to the doctor doesnt involve waiting for hours in a place akin to a crowded refugee camp in a developing country.

Cities where the schools are there to prepare children for the adult world, rather than serve as daycare for knife wielding psychopaths.

And then I came back to London after some years abscense, walked around for a bit, got on a tube train that broke down in a tunnel, went for a night out, got the bus home, was started on walking down the street by some enraged drunken !!!!!, and had a moment of epiphany when I realised what a festering scab of a city this is.

If London was a person at a party of cities I would sit in the downstairs loo all evening rather than talk to him. A loud mouthed gobby pillock with a flash suit and gold jewellery, oblivious to his terrible halitosis, foul rotten teeth, and the boredom inducing stories about his own excellence.

Property is expensive in London because most people in their 30s or above cant get far enough away from it. Those who are trapped here will pay through the nose not to live in an area strewn with burnt out cars and gobby violent little kids. Unfortunately as there is no area in London further than 10 minutes walk away from a burnt out car, and as the people who burn them are happy to walk, there doesnt seem much point.

London is doing you a favour by pricing you out of it. Go somewhere else. Somewhere better. There are about 5000 places in the UK alone I can think of right now that suck less.

(Edit: After 5 years I have managed to escape to Zone 6. Almost a zone a year. I have almost escaped and when I do I will never be back. I cannot envisage any circumstances where I could be convinced to buy a house here).

I think the clue to what caused your unpleasant experiences was early on, in the words 'east end'. I'm a born and bred Londoner but you'd have to pay me to live anywhere with an 'E' in the postcode (with the possible exception of EC1 and the Blackheath/Greenwich area).

I hear time and time again from people who say 'I lived in that London and hated it, it's a dump' and it turns out they lived in Mile End or Clapton or something. London is a county, so to tar it all with the same brush is like comparing say, Ashby de La Zouch with the worst parts of Nottingham.

If you can live in a nice area (I live in one of the nicest parts of London - Highgate - and pay an affordable rent on a small flat) and have an easy commute - walk or cycle - and socialise in non dodgy, non-rip off places (yes they exist) then London is fine. Though I do take your point about the reason why it is expensive is because everyone wants to live in the decent areas. But most of the pondlife simply can't be bothered to travel to those areas from their slums to cause trouble, which is why you can live in London without having to encounter them very often.

GracieP

Austin_Allegro wrote: »

I hear time and time again from people who say 'I lived in that London and hated it, it's a dump' and it turns out they lived in Mile End or Clapton or something. London is a county, so to tar it all with the same brush is like comparing say, Ashby de La Zouch with the worst parts of Nottingham.

That's true, when I lived in Tottenham I hated London so bloody much. Living in Wimbledon is like living on a different planet and my only problem is that I miss my family.