House Waiting Lists between 10 and 33 YEARS

the_ash_and_the_oak

we haven't really agreed their similar yet tbf

Emy1501

HAMISH_MCTAVISH wrote: »

Yes thats nice and all but it still doesn't answer the question.

Why does a house in london often cost 10 times what a similar house in the north costs?

I have already answered that for you! Wealthy Foreigners!

chucky

Emy1501 wrote: »

I have already answered that for you! Wealthy Foreigners!

context, context, context.... :rolleyes:

all property in London is not owned by wealthy foreigners...

your example of K&C has areas like Ladbroke Grove or the Goldborne Road that investors would not dream of buying. there are a couple more further south from these.

ordinary working people do live and work in London :rolleyes:

Graham_Devon

HAMISH_MCTAVISH wrote: »

Why does a house in london often cost 10 times what a similar house in the north costs?

The same reason houses near very good schools cost more. The ammenities surrounding the house.

In the case of London, it's the demand for living in London, as some view it as the high life. The demand because that's where the majority of high flying jobs are. The demand for the services around London, such as transport links (gatwick, heathrow, tunnel).

HammerSmashedFace

chucky wrote: »

ordinary working people do live and work in London :rolleyes:

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.

HAMISH_MCTAVISH

Emy1501 wrote: »

I have already answered that for you! Wealthy Foreigners!

That holds water for the £20,000,000 houses in Mayfair perhaps. But russian oligarchs dont buy 3 bed victorian terraces in boring suburbs.

So to take the foreigners out of the equation, what about the difference between a 450K semi in kent, and a similar semi for 150K in Scotland.

The average wage is not 3 times higher, and it's not wealthy foreigners, so why is the house price 300% of what it is up north?

the_ash_and_the_oak

I earn 40k and pay 780 a month (soon to return to 520 a month) (actually to live in prob pretty close to one of those 600k houses mentioned earlier - prob closer to 500k tbf but still). Don't really have any probs w that imo

Emy1501

chucky wrote: »

context, context, context.... :rolleyes:

all property in London is not owned by wealthy foreigners...

your example of K&C has areas like Ladbroke Grove or the Goldborne Road that investors would not dream of buying. there are a couple more further south from these.

ordinary working people do live and work in London :rolleyes:

Whats the average wage for someone working in Central London? Maybe 60-70K? The wealthy mainly foreigner by up the best properties that leaves the well paid workers buying up the less desirable properties.

Whats the average wage in many parts of the North maybe 15K at best? These areas do not have wealthy people and therefore prices are lower.

There is no doubt there is a suppy and demand argument for certain areas of the country but credit has been a massive factor.

Just look and Manchester and Birmingham. Easy credit conned many into investing into investment groups etc. This allowed prices to rocket in the area. Once the credit was withdrawn no one wanted to buy or rent in these areas. Just a year or 2 before of course there was a massive supply and demand issue in these areas.

HAMISH_MCTAVISH

the_ash_and_the_oak wrote: »

we haven't really agreed their similar yet tbf

Would you be happier if we used plots of land instead?

Pretty sure the mud in one is similar to the mud in the other.

Emy1501

HAMISH_MCTAVISH wrote: »

That holds water for the £20,000,000 houses in Mayfair perhaps. But russian oligarchs dont buy 3 bed victorian terraces in boring suburbs.

So to take the foreigners out of the equation, what about the difference between a 450K semi in kent, and a similar semi for 150K in Scotland.

The average wage is not 3 times higher, and it's not wealthy foreigners, so why is the house price 300% of what it is up north?

Many people living in a 450K house in Kent work in London? I highly doubt the equiv on the outskirts of Glasgow costs 150K? Not the last time I watched LLL on the area.