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Debate House Prices
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House Waiting Lists between 10 and 33 YEARS
Comments
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“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »OK lets compare nice property within decent commuting distance of London.
3 bed terrace for 450K
With a nicer (imo) property within decent commuting range of Glasgow.
3 bed detached for 175K
Are these two on any websites we could see?Prefer girls to money0 -
PasturesNew wrote: »I would imagine more people have properties lying about the place in London "just in case" and "for when they're in town" than most other towns. Mostly the richer bugg4hs, who have big homes elsewhere too.
Possibly. But is that not just a part of supply and demand?
Less homes available for sale, for whatever reason, = reduced supply.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »OK, I'll bite....
Explain that one further.
OK.
"Liquidity governs effective demand".
How's that for ya?0 -
the_ash_and_the_oak wrote: »Are these two on any websites we could see?
Sorry....
Commuting to Glasgow....
http://www.rightmove.co.uk/property-for-sale/property-12824610.html?sortByPriceDescending=false&minPrice=175000&maxPrice=200000&minBedrooms=3&maxBedrooms=3&displayPropertyType=houses&radius=30.0&oldDisplayPropertyType=houses&pageNumber=2&fromSummary=true&backToListURL=%2Fproperty-for-sale%2FGlasgow.html%3FsortByPriceDescending%3Dfalse%26minPrice%3D175000%26maxPrice%3D200000%26minBedrooms%3D3%26maxBedrooms%3D3%26displayPropertyType%3Dhouses%26radius%3D30.0%26oldDisplayPropertyType%3Dhouses%26index%3D10
Commuting to London.....
http://www.rightmove.co.uk/property-for-sale/property-27934940.html?locationIdentifier=REGION%5E87490&sortByPriceDescending=false&minPrice=450000&minBedrooms=3&maxBedrooms=3&displayPropertyType=houses&radius=30.0&oldDisplayPropertyType=houses&pageNumber=2&fromSummary=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E87490%26sortByPriceDescending%3Dfalse%26minPrice%3D450000%26minBedrooms%3D3%26maxBedrooms%3D3%26displayPropertyType%3Dhouses%26radius%3D30.0%26oldDisplayPropertyType%3Dhouses%26index%3D10“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
bernard_shaw wrote: »OK.
"Liquidity governs effective demand".
How's that for ya?
Keep going.
And include the price differential in your theory, as it's doubtful liquidity in Edinburgh is substantially different from much of London, yet house prices are far cheaper.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Sorry....
Commuting to Glasgow....
http://www.rightmove.co.uk/property-for-sale/property-12824610.html?sortByPriceDescending=false&minPrice=175000&maxPrice=200000&minBedrooms=3&maxBedrooms=3&displayPropertyType=houses&radius=30.0&oldDisplayPropertyType=houses&pageNumber=2&fromSummary=true&backToListURL=%2Fproperty-for-sale%2FGlasgow.html%3FsortByPriceDescending%3Dfalse%26minPrice%3D175000%26maxPrice%3D200000%26minBedrooms%3D3%26maxBedrooms%3D3%26displayPropertyType%3Dhouses%26radius%3D30.0%26oldDisplayPropertyType%3Dhouses%26index%3D10
Commuting to London.....
http://www.rightmove.co.uk/property-for-sale/property-27934940.html?locationIdentifier=REGION%5E87490&sortByPriceDescending=false&minPrice=450000&minBedrooms=3&maxBedrooms=3&displayPropertyType=houses&radius=30.0&oldDisplayPropertyType=houses&pageNumber=2&fromSummary=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E87490%26sortByPriceDescending%3Dfalse%26minPrice%3D450000%26minBedrooms%3D3%26maxBedrooms%3D3%26displayPropertyType%3Dhouses%26radius%3D30.0%26oldDisplayPropertyType%3Dhouses%26index%3D10
This is a lot easier to compare than the 60k vs 600k example from before!
And yes your glasgow house is preferable to the southern one (tho 50% further commute on the other hand). Although the leatherhead one just as likely to commute anywhere in the Thames Valley tech corrider as London itself. But either way this is a much better comparison - why does the London one cost 2.6 times the Glasgow one? and what are the average wages of London (or Leatherhead) and Glasgow (or Maybole)Prefer girls to money0 -
HammerSmashedFace wrote: »Not wanting to offend anyone, but why do people work and live down there, especially if you're not working in the city. I can just about see the point if you're earning £100k + p.a., but other than that I find it hard to understand. I've been and worked there (temporarily) many times and can't wait to get away, being on say £25-30k a year down there must be thoroughly miserable existance.
It's not I can assure you.
People who aren't from London seem to think the only people that live here are rich city workers, my Grandparents lived in London before 'the financial district' even existed as it does now. Why should I move out of this city that I love and is my home?
As for the answer to the OP I'll just say the old 'a house is worth whatever someone is willing to pay' people in the south east are prepared to pay more and this has pushed prices up massively. JMO and I'm no ecoomist.
My local housing waiting list is 5 years. :mad:
hear hear to building more LA housing. :beer:£2014 in £2014 challenge
£2 collectors club0 -
HAMISH_MCTAVISH wrote: »Keep going.
And include the price differential in your theory, as it's doubtful liquidity in Edinburgh is substantially different from much of London, yet house prices are far cheaper.
Property in every capital city is more expensive than that in it's hinterlands. I wonder whether that's because corporate HQ's and governmental administrative centres tend to be a focus of liquidity within economies?0 -
HAMISH_MCTAVISH wrote: »OK lets compare nice property within decent commuting distance of London.
3 bed terrace for 450K
With a nicer (imo) property within decent commuting range of Glasgow.
3 bed detached for 175K
http://www.rightmove.co.uk/property-for-sale/property-27912230.html?maxPrice=250000&maxDaysSinceAdded=7&minBedrooms=3&radius=0.5&pageNumber=1&fromSummary=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E378%26insId%3D1%26maxPrice%3D250000%26maxDaysSinceAdded%3D7%26minBedrooms%3D3%26radius%3D0.5
Communting distance to London and nearer0
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