Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

London..

I see lots of threads from people living in London who struggle to buy or rent. They are probably on above average income due to being in London, but I wondered if it was all worth it? If property prices/rents in London are so high why not think about elsewhere, after all the increased property price is usually matched with the wage so is there much to lose with moving away to more sensible areas/prices??

Has anyone thrown in the towel and found happiness elsewhere, or does London have too strong a hold on you?
«13456

Comments

  • Joe_Bloggs
    Joe_Bloggs Posts: 4,535 Forumite
    The BBC have discovered Salford according to this article.
    J_B.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    If everyone who was currently working in London and struggling by on an average salary left tomorrow to go and live where house prices were cheaper, what do you think would happen to those areas and why do you think they are cheaper?
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    wymondham wrote: »
    I see lots of threads from people living in London who struggle to buy or rent. They are probably on above average income due to being in London, but I wondered if it was all worth it? If property prices/rents in London are so high why not think about elsewhere, after all the increased property price is usually matched with the wage so is there much to lose with moving away to more sensible areas/prices??

    Has anyone thrown in the towel and found happiness elsewhere, or does London have too strong a hold on you?

    I love London and I loved living there but it's too hard to raise kids there.
  • flashnazia
    flashnazia Posts: 2,168 Forumite
    I used to live in London and miss it terribly but I realise if I move back I will have to rent (I have my own home).

    It may be cheaper but it sure is miserable. Up North, one man's version of friendly banter is noseyness to me. I miss the mix of cultures, the different attitude, the buzz and the choice when it comes to looking for work and above all the public transport.

    Such is life. Can't have it all :)
    "fools and fanatics are always so certain of themselves, and wiser people so full of doubts." (Bertrand Russell)
  • tanith
    tanith Posts: 8,091 Forumite
    Part of the Furniture Combo Breaker
    I've lived in London my whole life and I love it. I can't imagine living anywhere else but who knows maybe one day I'll give it a try but I'll sure miss it..
    #6 of the SKI-ers Club :j

    "All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 4 December 2011 at 9:10PM
    In london salaries are higher so prices are higher.

    Outside London salaries are lower so prices are lower.

    You can't just move to barrow and earn the same salary. So moving doesn't really solve anything.

    Plus, I would take a 50% pay cut if I left London, I doubt my total costs would also halve.
  • Malcolm.
    Malcolm. Posts: 1,079 Forumite
    I like parts of west london, parsons green type area. However the nicer parts of london are expensive, and I think the air quality and crowdedness mean there's parts I'd prefer not live in (comments from someone who grew up in london).
    wymondham wrote: »
    I see lots of threads from people living in London who struggle to buy or rent. They are probably on above average income due to being in London, but I wondered if it was all worth it? If property prices/rents in London are so high why not think about elsewhere, after all the increased property price is usually matched with the wage so is there much to lose with moving away to more sensible areas/prices??

    Has anyone thrown in the towel and found happiness elsewhere, or does London have too strong a hold on you?
  • Kirri
    Kirri Posts: 6,184 Forumite
    Part of the Furniture Combo Breaker
    I want to move out of London but nothing in the South East is really affordable any more than what I have now. Even if I move right to the coast everything is still way over 3 x my London salary (which isn't that much) and as the salary would drop further still on a low wage to start with it would just get worse. I wouldn't move any further away than that due to family so would never consider going North so not sure what I could do.

    I HATE London and all the gangs, chavs, crime and rude people though :(
  • DervProf
    DervProf Posts: 4,035 Forumite
    I've worked in, and visited London a few times. Every time I`ve done that, i`ve been glad to leave the place. I can't say that for most other places in the UK that I`ve visited.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • flashnazia
    flashnazia Posts: 2,168 Forumite
    Kirri wrote: »

    I HATE London and all the gangs, chavs, crime and rude people though :(

    You get gangs and chavs everywhere. Northerners can also be very rude and intrusive. Actually, you can get Northern areas with loads of chavs because of the lack of available work/work ethic.
    "fools and fanatics are always so certain of themselves, and wiser people so full of doubts." (Bertrand Russell)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349K Banking & Borrowing
  • 252.4K Reduce Debt & Boost Income
  • 452.7K Spending & Discounts
  • 241.9K Work, Benefits & Business
  • 618.4K Mortgages, Homes & Bills
  • 176.1K Life & Family
  • 254.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.