Debate House Prices


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HS2 has ruined my chances of owning a house

I have previously posted about why are housing prices in the north are so much cheaper than the south. My plan was to move up north. I have contacted estate agents who are based in the cities where HS2 will be traveling to and all the estate agents have said housing prices will rise greatly because of HS2. Therefore the north will be like the south, where housing is unattainable for most of the population.
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Comments

  • Chapuys
    Chapuys Posts: 156 Forumite
    Part of the Furniture Combo Breaker
    How will the North be like the South? You clearly state you only contacted the towns/cities where HS2 stops which is up to Birmingham and then Manchester/Leeds. Not really that far North. Obviously it will increase prices, but I doubt it would be like the South.
    Anything I say in no way constitutes financial advice and anything you do is your own decision.
  • Bogalot
    Bogalot Posts: 1,102 Forumite
    re14796 wrote: »
    I live in a council estate, I own my own flat. All the council housing in my area has life secure tenancies and have the right to buy. I think this is very unfair, you can pass your council housing to your partner, son or daughter. If you decide you want to buy, you can and safety in the knowledge that your council house is for life.

    I'm smelling troll.
  • re14796 wrote: »
    all the estate agents have said housing prices will rise greatly because of HS2.

    Estate agents are always optimistic.

    It compensates for lack of morals.
    A kind word lasts a minute, a skelped erse is sair for a day.
  • re14796 wrote: »
    I have previously posted about why are housing prices in the north are so much cheaper than the south. My plan was to move up north. I have contacted estate agents who are based in the cities where HS2 will be traveling to and all the estate agents have said housing prices will rise greatly because of HS2. Therefore the north will be like the south, where housing is unattainable for most of the population.

    Maybe it wasn't meant to be for you. Take it as a sign!
    EU expat working in London
  • elsien
    elsien Posts: 36,167 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • HS2 will cut right through the village where I grew up and is predicted to greatly reduce house prices. Maybe some of the locals will be able to afford to buy a house in their own area
    0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
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    Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).

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  • Tigsteroonie
    Tigsteroonie Posts: 24,954 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I live in Manchester, and haven't noticed any huge rise in house prices due to the non-imminent and still-potentially-cancellable arrival of HS2 ...
    :heartpuls Mrs Marleyboy :heartpuls

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  • MyOnlyPost
    MyOnlyPost Posts: 1,562 Forumite
    HS2 will directly affect my friend as it runs through his small town. There is talk of compensation being paid to homeowners due to the likely fall in property prices
    It may sometimes seem like I can't spell, I can, I just can't type
  • GDB2222
    GDB2222 Posts: 26,288 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I find it extraordinary that China decided on and built a 2000 mile high speed train line in half the time we have spent arguing about whether we need HS2.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    GDB2222 wrote: »
    I find it extraordinary that China decided on and built a 2000 mile high speed train line in half the time we have spent arguing about whether we need HS2.

    There have been lots of reports and documentaries on how Chinese people are forced to move to make way for dams and railways. You'd prefer it that way?
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