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The price of inequlaity -London
Comments
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the_flying_pig wrote: »A bit misleading since 2007 was hpi central for London. The figures from January 2008 would show smaller changes. But still, yeah.
2008 http://www.home.co.uk/guides/house_prices_report.htm?location=london&startmonth=01&startyear=2008&endmonth=08&endyear=2013
2009 http://www.home.co.uk/guides/house_prices_report.htm?location=london&startmonth=01&startyear=2009&endmonth=08&endyear=20130 -
yah.
the flatter detached prices [e.g. supposedly down 2009 to 2013] are a bit weird.
i suppose that 'detached' in london probably means quite far or even very far from the centre, i.e. more home counties-ish than true london.FACT.0 -
He's 36 now and a press officer for the TUC.
I think we've found the problem.
“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 -
the_flying_pig wrote: »yah.
the flatter detached prices [e.g. supposedly down 2009 to 2013] are a bit weird.
i suppose that 'detached' in london probably means quite far or even very far from the centre, i.e. more home counties-ish than true london.
It is for the county of Greater London. I think it does depend on the sales for that month. It is also wide view of all properties. Clearly the gains are going to be greater the further in you go.0 -
nice snippet in the articleThe loan-to-income ratio for first time buyers is higher than it was in 2007
mortgage rationing, eh...FACT.0 -
Another week, another broken London housing market story.
Let's face it. London is unique; it will most likely always be expensive. It's a local problem.
If you look to the regions it's not so bad. You can find decent homes within commuting zones in many places.0 -
HAMISH_MCTAVISH wrote: »I think we've found the problem.
http://www.tuc.org.uk/about-tuc/job-vacancies/press-officer
They make £42k a year FWIW.0 -
Presumably many organisations have press and communication officers it is only confined to a left leaning organisations either."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
The irony is of course that this young man probably grew up in an era where his parent's house gained value because in general the overall desirability of the neighbourhood increased.
He may even have enjoyed the improvements this made to his environment.
Of course, this desirability drives demand and hence prices. It wasn't a cost free change as he is now discovering.
Would he rather have seen regions of London remain undesirable, run down, boarded up properties etc, but seriously cheap? I bet his father would have been advising him to move away in that situation!
There's no pleasing some folk
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You could probably replace London in the article with most major cities in the world and see the same issues.grizzly1911 wrote: »This street in east London tells a story of the great British divide: those who own property and those who don't
http://www.theguardian.com/money/2013/oct/27/albion-drive-revisited-property-divide
Article revisiting how one street has changed since 2007. Observations rather than winging.
Property is expensive, it always has been.0
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