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Debate House Prices
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What Quarter of a Million gets you in London
Comments
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neverdespairgirl wrote: »There's absolutely no way that OH and I together can afford the sort of house my parents could buy on only one income.
Yes, one effect of women being able to fully participate in the workplace is that more couples now have two wages, and so of course house prices reflect that.
Fortunately for you, women are now able to fully participate in the workplace, so there's no need for you to buy the house on one wage...0 -
Yes, one effect of women being able to fully participate in the workplace is that more couples now have two wages, and so of course house prices reflect that.
Fortunately for you, women are now able to fully participate in the workplace, so there's no need for you to buy the house on one wage...
Did you miss the part where she said she couldn't afford the same house, despite having two incomes?Faith, hope, charity, these three; but the greatest of these is charity.0 -
One of the issues with a national forum is that some people may not be familiar with some of the local areas being discussed.
Blackheath is a leafy suburb of SE London. It's very much the jewel of SE London, and is located in Zone 3, with good access to the City & West End via mainline rail (c. 20 mins).
I had a studio flat there when I first left college. Large houses there have always been expensive and have never been FTB properties.0 -
Did you miss the part where she said she couldn't afford the same house, despite having two incomes?
No, I didn't, but thanks for repeating it just in case.
I suppose that the best thing for them to do is to not buy in one of the most expensive places on earth, or to find a way to get a salary commensurate with wanting to live in one of the most expensive places on Earth.
I do understand that some Londoners lose out when people such as I come in and compete with them for property, but London's my capital, too, and if my job is here, I'm going to want to live here.
Edited as I'd strangely thought we were talking about Islington, which was reasonable a generation ago. As I point out bellow, Blackheath has been expensive for far longer.0 -
Cornucopia wrote: »Blackheath is a leafy suburb of SE London. It's very much the jewel of SE London, and is located in Zone 3, with good access to the City & West End via mainline rail (c. 20 mins).
I had a studio flat there when I first left college. Large houses there have always been expensive and have never been FTB properties.
I lived there about ten years ago. Back then it would have been £2-3m for a nice house. It's weird to use it as an example of average earners being priced out, they've not been able to buy anything nice there for a generation.0 -
I remember looking at upgrading from my Studio to a 1-bed overlooking the Heath in (I guess) the early 90s. At £60k, it was a bit of a bargain, but in the end I baulked at the amount of work it needed.
Probably worth c. £500k now, maybe more. But they'll never build any more, so there is intrinsic rarity value.0 -
Cornucopia wrote: »I remember looking at upgrading from my Studio to a 1-bed overlooking the Heath in (I guess) the early 90s. At £60k, it was a bit of a bargain, but in the end I baulked at the amount of work it needed.
Probably worth c. £500k now, maybe more. But they'll never build any more, so there is intrinsic rarity value.
I rented a Georgian house on Blackheath Park, at the village end, while deciding whether to buy. In the end, anything nice was far more than it was worth to me, mainly because people with children were willing to pay a large premium to access the excellent state schools.
I've colleagues who live there now. You need to be in a career such as banking, law, or the like to consider it as a sensible place to aim for.0 -
I lived there about ten years ago. Back then it would have been £2-3m for a nice house. It's weird to use it as an example of average earners being priced out, they've not been able to buy anything nice there for a generation.
Ah, yes, Blackheath. Must have been very well to do for quite a few decades.
About 25 or so ago, my dark haired and olive skinned friend in her late teens or early twenties, the mother of a toddler and partner of a barrister, was puzzled to be shunned by the affluent yummy mummies that lived in that area and was dying to be invited to their coffee mornings.
Turned out that they thought she was the au pair. This became apparent when it transpired she was the only biological parent who actually took her own child swimming. The swimming instructor said 'And whose mummy belongs to this child?'. Response 'I'm her bloody mummy'.
My ex-council terraced house in Peckham, is now apparently worth half a million pounds according to Zoopla (and supported by local actual sales). Apparently, the london riots have added value to the area....0 -
Cornucopia wrote: »One of the issues with a national forum is that some people may not be familiar with some of the local areas being discussed.
Blackheath is a leafy suburb of SE London. It's very much the jewel of SE London, and is located in Zone 3, with good access to the City & West End via mainline rail (c. 20 mins).
I had a studio flat there when I first left college. Large houses there have always been expensive and have never been FTB properties.
My parents were FTB there in 1975, when they married - my Dad was a junior barrister aged 25, my mother a teacher, aged 27. They bought a 3 bed flat in St John's Park, near the Royal Standard. They later bought a 5 bed house not far away, in 1983, and later a detached 6 bed, 4 reception house the other side of the heath.I lived there about ten years ago. Back then it would have been £2-3m for a nice house. It's weird to use it as an example of average earners being priced out, they've not been able to buy anything nice there for a generation.
That's precisely my point - my Dad wasn't an average earner, but he could afford very large houses there. OH and I, doing the same job, can't. I doubt it was as high as £2m - £3m 10 years ago, though - it is now, in Blackheath, but wasn't in 2004.No, I didn't, but thanks for repeating it just in case.
I suppose that the best thing for them to do is to not buy in one of the most expensive places on earth, or to find a way to get a salary commensurate with wanting to live in one of the most expensive places on Earth.
I do understand that some Londoners lose out when people such as I come in and compete with them for property, but London's my capital, too, and if my job is here, I'm going to want to live here.
Edited as I'd strangely thought we were talking about Islington, which was reasonable a generation ago. As I point out bellow, Blackheath has been expensive for far longer.
I mentioned both, and might have been confusing. OH and I now live in Islington. I was born and brought up in Blackheath.
London's house prices seem a lot higher than they were 20 or 30 or 40 years ago. I think this is, on the whole a Bad Thing.Ah, yes, Blackheath. Must have been very well to do for quite a few decades.
About 25 or so ago, my dark haired and olive skinned friend in her late teens or early twenties, the mother of a toddler and partner of a barrister, was puzzled to be shunned by the affluent yummy mummies that lived in that area and was dying to be invited to their coffee mornings.
Turned out that they thought she was the au pair. This became apparent when it transpired she was the only biological parent who actually took her own child swimming. The swimming instructor said 'And whose mummy belongs to this child?'. Response 'I'm her bloody mummy'.
25 years ago I was growing up in a family in Blackheath with a barrister for a father and mother who didn't work outside the home. I went to a private girls' school there, too.
25 to 30 years ago there was already a mixture of ethnicity and nationality in the area, and she must have gone to some very funny swimming lessons.
It simply wasn't like that, she must have been spinning you a line....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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