That depends where you are and on government policy. In London, for sure you're right. Elsewhere, across vast swathes of the North, take your pick of houses for £20k. There's no work though, so you won't want to live there and you won't get tenants that can pay any rent. There is housing, it's just no longer in the places where people want to live.
Housing market
- Thread starter matt j
- Start date
Ponty
pfm Member
Amazing medical science is a good thing, I think it’s fair to say. Of course, other consequences arise.
Ponty
pfm Member
This is where HB distorts the market and sets artificial price floors, from which anyone buying or renting with their own money has to compete. I think we all agree on the solution, council houses which can never be sold.
You will be, but you won't be able to go out and spend it because it will be burgled. Go on Google maps and look round the pit villages in Co Durham, S Yorks, Grimsby, and then decide if you want to live there. For any amount of money.
As I said, government policy.
Ponty
pfm Member
Yep, decades of it, in every colour.
Minio
Kind of Sort of Not really...
Trust you to find the down side
Once the yuppies get wind of it they'll all move in and do up the houses.
I remember Notting Hill Gate. I even spent the night in a squat there many yonks ago.
Now look at it. Only the oligarchs can afford to live there.
Go and work in a place like that for a few months, then come back with your smart comments. Give it a while, learn a bit. NHG became gentrified because it's half an hour to the city with loads of work and as it gentrified there were places further out. Now try Grimsby.Trust you to find the down side
Once the yuppies get wind of it they'll all move in and do up the houses.
I remember Notting Hill Gate. I even spent the night in a squat there many yonks ago.
Now look at it. Only the oligarchs can afford to live there.
Yes indeed, it was one of Blair's utter failings. He didn't GAF about the north, even his constituency which is, guess what, another abandoned pit village.
Ponty
pfm Member
Chatting with the MD of a mid sized developer this week. Said they were busy, but it’s all retirement schemes, which are apparently proving very popular. Normal housing is taking ages due to planning delays, blamed election year, happens every time apparently. At least materials costs have stabilised, albeit at high levels. During the madness, steel pricing was only valid for 12 hours!
Minio
Kind of Sort of Not really...
iLiveHere :
Grimsby climbed 12 places after being ranked 18th worst last year. In 2021, it was ranked the 16th worst, a definite sign that the town's standing is improving. 8 Feb 2023
Mike Reed
pfm Member
Its name is not exactly a magnetic attraction ! Been there many times and to other even less salubrious areas in England. However, quite a time ago but I'd guess it's still grim on the north-east Lincs coastal town.
If they re-named it Cleethorpes it might rise in the ranks by a few notches; they are contiguous, after all.
paulfromcamden
Baffled
Astonishing story in the news this week about Tower Hamlets Council billing leaseholders of ex-council flats £95,000 each for improvement works to their block.
I note for context that Tower Hamlets were somehow able to find £125m for their posh new gaff.
www.theguardian.com
Bethnal Green: Leaseholders told they face costs of up to £95k each
Leaseholders are challenging costs above £90,000 for refurbishment works and scaffolding removal.
www.bbc.co.uk
I note for context that Tower Hamlets were somehow able to find £125m for their posh new gaff.
Tower Hamlets town hall review – an old hospital immaculately stitched up
The £125m transformation of the Royal London hospital into an elegant seat of local government is a sleek operation that has retained the 18th-century building’s original aura and poise
MVV
pfm Member
paulfromcamden
Baffled
Worth £80k fixed-up.
House Prices in Strauss Crescent, Maltby, Rotherham, South Yorkshire, S66
The average price for a property in Strauss Crescent, Maltby, Rotherham, South Yorkshire, S66 is £78,750 over the last year. Explore Rightmove house prices to find out how much properties sold for in Strauss Crescent, Maltby, Rotherham, South Yorkshire, S66.
