Would you buy in the "up and coming" area

cwcw

demontfort wrote: »

As somebody who has lived in London for 3 years it still beats me what the good things about London are apart from the well paid jobs. As far as I can see many people who move to London like to kid themselves that they are living a metropolitan dreaming rather than just scraping by with all the other dreamers.

As for celebrating London I won't be celebrating when I hand over my massive deposit in return for the glorified shoebox I will be calling home. :rotfl::rotfl::rotfl::rotfl:

You're probably right, I just wanted to hear why kwmlondon "STILL chose" to live in London. I can't see it myself.

As for well paid jobs, well, equivalent jobs are probably better paid than in other parts of the country, but when housing costs are so much more and the commuting time makes a working day 12+ hours, it kind of defeats the object. I could move to London and be paid around 30% more, but my 3 bed house would cost about £600,000, have a smaller garden, and involve commuting on grubby trains to and from work for several hours per day. I wouldn't be just a walk away from fresh open countryside in one direction and a short taxi ride into the city centre in the other direction. My overall quality of life would be so much worse, financially and otherwise.

There must be *something* other than just the money that we're both missing?

olly300

cwcw wrote: »

Y

There must be *something* other than just the money that we're both missing?

Lifestyle i.e. the opportunities you have in your free time to go to theatres, restaurants etc.

Dan-Dan

London does have some cracking real ale pubs

cwcw

olly300 wrote: »

Lifestyle i.e. the opportunities you have in your free time to go to theatres, restaurants etc.

I don't know if anyone has told you this but, pssst, whisper it quietly.... but theatres and restaurants are kind of in every city in the UK. Londoners get less free time in which to enjoy them, due to long hours and commuting time.

Next?

joujou

Up and coming = crap area.

There are a lot of amusing website that lay out estate agent marketing speak...

For example:

http://blog.inkyfool.com/2009/12/estate-agents-dictionary-charming-post.html

My favourite:
"Ideal for first-time buyers or rental investors – Cheap but unattractive; if you could afford anything better, you wouldn’t want to live there yourself"

So true.

botchjob

cwcw wrote: »

There must be *something* other than just the money that we're both missing?

Psst, if you have to ask, chances are you won't understand the answer.

I think it's quite telling that dullards from the bog trotting, UKIP leaning, cousin kissing, intellect sapping provinces take quite so much interest in what's going on in London.

Believe me, we don't give you lot a second thought.

cwcw

botchjob wrote: »

Psst, if you have to ask, chances are you won't understand the answer.

I think it's quite telling that dullards from the bog trotting, UKIP leaning, cousin kissing, intellect sapping provinces take quite so much interest in what's going on in London.

Believe me, we don't give you lot a second thought.

Wow. Quite a far reaching and narrow minded generalisation based on such little information... and from one with such unsapped intelligence too!

So, you spend hundreds of thousands of pounds to buy small leasehold flats, live with high crime rates, heavy congestion, air pollution, long commute times and dirty public transport.... you can't blame anyone for being a little bit curious about what they must be missing out on. Judging by your post I can add a hollow and unjustified superiority complex to the "cons" list, but still leaves me short on the "pros". Obviously it's something far too complicated for my simple "sapped intellect".

demontfort

cwcw wrote: »

You're probably right, I just wanted to hear why kwmlondon "STILL chose" to live in London. I can't see it myself.

As for well paid jobs, well, equivalent jobs are probably better paid than in other parts of the country, but when housing costs are so much more and the commuting time makes a working day 12+ hours, it kind of defeats the object. I could move to London and be paid around 30% more, but my 3 bed house would cost about £600,000, have a smaller garden, and involve commuting on grubby trains to and from work for several hours per day. I wouldn't be just a walk away from fresh open countryside in one direction and a short taxi ride into the city centre in the other direction. My overall quality of life would be so much worse, financially and otherwise.

There must be *something* other than just the money that we're both missing?

Hmm the argument about theatres and culture. Realistically how often do you do these types of things? Even if I was bothered about that I could still live in Coventry and get a 1 hour 5 minute £20 return train to Euston to watch a show anytime I liked. Not so different to my current journey on the tube to the West End of 30 minutes and £5 return. As for the crowded, mediocre and pretentious restaurants don't even get me started.

Typical London Buyer is young, rich and stupid. So desperate to jump on the illusory "property ladder" that they'll mortgage themselves to the hilt reassured that they can probably offload their fleapit to somebody even thicker than themselves a few years down the line in this stupid game of pass the property parcelbomb.

So that brings me back to your question. It's not a case of what we're missing, it's more a case of what the average London buyer is missing and the answer to that question is "common sense and brains".

Lord knows how they manage to hold down these well paid jobs.

demontfort

cwcw wrote: »

Wow. Quite a far reaching and narrow minded generalisation based on such little information... and from one with such unsapped intelligence too!

So, you spend hundreds of thousands of pounds to buy small leasehold flats, live with high crime rates, heavy congestion, air pollution, long commute times and dirty public transport.... you can't blame anyone for being a little bit curious about what they must be missing out on. Judging by your post I can add a hollow and unjustified superiority complex to the "cons" list, but still leaves me short on the "pros". Obviously it's something far too complicated for my simple "sapped intellect".

By the way Botch Job Einstein blew his wad on a place in that beacon of class and culture......wonderful Walthamstow. No wonder he's all bitter and twisted, stuck in an east London armpit like that and I should know I live in equally salubrious Leyton.

If you ever want to see drunk poles swigging on Tyskie, betting shops and rough as nails pubs have a wander down to Bakers Arms and the Blackhorse Road. What an absolute dump the "Stow" is and will always be.

Fraise

Lilly_L wrote: »

Hi everyone

Been thinking of buying/investing in East London as it's still affordable and many areas are dubbed "up and coming" such as Canning Town/Royal Docks and Bow.

I understand buying properties is location location location, but with my £250k I cannot afford west London and I quite like the East London up and coming feel.

Would you pick a once-very-run-down area such as Canning Town or Bow and hope that the regeneration schemes will uplift the area significantly in a few years time?

Or would you rather go safe and buy somewhere that is already established?

Any advice would be appreciated!

Thank you!

Most of the east end of London has never been as nice as the rest of London, that's why it's cheaper to buy there, but now that most of London is is really expensive chances are people will invest more in the east and it will improve in time. That's just what happened to Battersea, Clapham and Balham many years ago, they were once dumps and now the average house costs over half a million pounds and they're very nice places to live in. The wealth factor certainly ripples out and when people can't afford the better places they look further out in London and it does eventually improve. In any area in London you will find lovely streets with gorgeous hoses/flats and a few rads down you'll find dreary ones, so it's worth exploring the areas you fancy.