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Debate House Prices
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Bournemouth and Plymouth, 2 of the dearest house prices in the world
Comments
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HAMISH_MCTAVISH wrote: »Slightly over 4 times income.
Hardly worthy of making the top 10 most expensive markets in the world then....
Apart from it's Plymouth AND Devon.0 -
HAMISH_MCTAVISH wrote: »Slightly over 4 times income.
Hardly worthy of making the top 10 most expensive markets in the world then....
You could just as easily pick £125k and £19.8k and say 6.3x I suppose you should use the £26k making in just under 5x0 -
I bought a property outside London but in prime commuter land thus although it no doubt cost more than 4x local salaries it was not too bad for my salary as I often work in London and hence get a London type wage. Those I bought from moved to Bournemouth and bought a retirement property. Surely this explains how 'high' house prices compared to local incomes are not necessarily 'unaffordable'.I think....0
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I bought a property outside London but in prime commuter land thus although it no doubt cost more than 4x local salaries it was not too bad for my salary as I often work in London and hence get a London type wage. Those I bought from moved to Bournemouth and bought a retirement property. Surely this explains how 'high' house prices compared to local incomes are not necessarily 'unaffordable'.
I think they mean unaffordable for locals, michaels.
For Londoners who sell up there are very few other places in the UK that they would find unaffordable.0 -
Bournemouth attracts a whole load of dole whallers and other scum who would rather be unemployed permanently on the south coast than back in Liverpool.
I know, I saw them all the time I was in Bournemouth and even worse I rented a place in Boscombe for a year which was just about dole whaller central.0 -
I am not disagreeing with you - my very badly made point is that it is not impossible for an 'unaffordable' housing market to persist long term if there is a disconnect between who the buyers are and who the locals are.Itismehonest wrote: »I think they mean unaffordable for locals, michaels.
For Londoners who sell up there are very few other places in the UK that they would find unaffordable.I think....0 -
It wont last.
How long before they want to sell while property still defies gravity?
The property bear market is about to take a turn down,.The thing about chaos is, it's fair.0
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