Good times to be a London landlord

padington

lisyloo wrote: »

there's more to life that cinemas & theatres !!
For example - fishing, horse riding, dog walking, gardening, driving, riding motorbikes, riding bicycles, scuba diving etc.
.

You can do all of those in London or by using a quick train on a day trip very easily. London has everything to offer. It's surrounded by countryside.

lisyloo

padington wrote: »

You can do all of those in London or by using a quick train on a day trip very easily. London has everything to offer. It's surrounded by countryside.

If you have money and mobility you can of course do whatever you want, although if your a very keen fisherman, gardener then you might want to have it on your doorstep rather than going for day trips.

You can certainly not hop on a train and go for a trip really easily if you have any mobility issues.
Living in London requires quite a lot of walking.
Cars are far easier for people who have mobility or energy issues.
My MIL for example has had arthritis for 50 years and would have really struggled living in London, getting To bus stops, tubes etc.

Each to their own, I have no axe to grind, just know that plenty of country folk regard London as an awful place (just as vice verse). Seems to be some people have prejudices.
As I live in both I like to think I do actually know what it's like to live in each.

Out,_Vile_Jelly

I love London and have made the most of living here, but have realised recently I would love to retire early and live in the country. Shocking to discover I'm a yokel after all, but I'd really like to keep chickens and goats, and of course since I was 11 I've wanted a pony in a field I can see from my house. Having to drive would be the biggest negative for me.

However I expect to have to work til I'm 80, by which time the state pension won't exist, even if Hamish promises ten million immigrants will pay it for me.

cells

lush_walrus wrote: »

No real surprise there and not really a sign of any financial growth. Tower Hamlets as a borough's main demographic is recent immigrants from Pakistan, who have larger families. Rather than the now typical one child per family on Britain, Tower Hamlets has an average of 3 or 4.

It's incredibly overcrowded, a lot of flats which are 2 or 3 bed have 6 or 7 people living in them and is a very poor borough. The vast majority of housing is owned by large housing associations such as Poplar Harca who are working through their old housing stock, demolishing and rebuilding to a denser model.

Tower Hamlets is building lots of new flats and will continue to do so, about half of those are sold privately and they are quite expensive. The lower priced 1 bed flats in the less popular areas go for £350k and everything else is more than that. So you could say the council is housing lots of poor people in the half of the new builds that are social and that the other half are well off people

westernpromise

Tower Hamlets includes Limehouse which nowadays is 100% yuppie.

cells

westernpromise wrote: »

Tower Hamlets includes Limehouse which nowadays is 100% yuppie.

My guess is Long term Tower Hamlets might be the best performing borough as its right in the middle of the two of the three fastest growing employment hubs of London. The city and docklands.

Right now its building a lot of new homes which must be suppressing the local price somewhat and that will continue until its much harder (due to space) to continue adding units. At that point Tower Hamlets which is currently cheaper both to buy and rent than further away Hackney might surpass Hackney in price.

The problem there is one all of London shares but especially Inner London. The extremely silly policy of making half the new build units social and putting poor families right in the middle of the two big employment hubs where they wont/dont/cant work. The policy should be zero social homes in Tower Hamlets. Let the mayor just slap a huge CIL on developments there instead

padington

lisyloo wrote: »

If you have money and mobility you can of course do whatever you want, although if your a very keen fisherman, gardener then you might want to have it on your doorstep rather than going for day trips.

You can certainly not hop on a train and go for a trip really easily if you have any mobility issues.
Living in London requires quite a lot of walking.
Cars are far easier for people who have mobility or energy issues.
My MIL for example has had arthritis for 50 years and would have really struggled living in London, getting To bus stops, tubes etc.

Each to their own, I have no axe to grind, just know that plenty of country folk regard London as an awful place (just as vice verse). Seems to be some people have prejudices.
As I live in both I like to think I do actually know what it's like to live in each.

I garden every sunny day. We have gardens in London and now a great disability taxi service provided by uber which also offers black cabs at the press of a button. To be honest, I couldn't imagine anywhere could be better for a disabled person. All of our big cultural attraction cater for disability access too. Better than muddy fields if you ask me.

Jonbvn

chucknorris wrote: »

We moved out of London in 2005 and we haven't regretted it at all, down here in Dorking I can be jogging, cycling or walking in great countryside with my wife and dog (off lead) within 5 minutes drive from my house. London served its purpose for us, it helped us to become wealthy, but we wouldn't want to live there again.

You let your wife off the lead? You rebel!

chucknorris

Jonbvn wrote: »

You let your wife off the lead? You rebel!

She isn't as well trained and obedient as Ozzie (my dog).

lisyloo

padington wrote: »

I garden every sunny day. We have gardens in London and now a great disability taxi service provided by uber which also offers black cabs at the press of a button. To be honest, I couldn't imagine anywhere could be better for a disabled person. All of our big cultural attraction cater for disability access too. Better than muddy fields if you ask me.

Just goes to show how people are different.
My father would absolutely detest the crowds and would rather be in the outer Hebrides.
I'd rather be in a small town with good connections, where we can easily get to pretty much everything without the high house prices, congestion or pollution.
I think a lot of it has to do with what you are used to and when you are older, where your children and grandchildren are.

I do place a lot of store by the guardian and ons so whilst I'm suprised I'll take it on board but personally Like Ross kemp - when it starts to kick off I'm outta there :-)