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Tony Grist

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London Prices [Sep. 25th, 2017|01:03 pm]
Tony Grist
I believe my grandparents may once have lived in Highgate. If not they lived nearby. My father certainly attended Highgate School; we have the sports trophies to prove it.

My grandparents were fairly well-to-do but they couldn't afford to live there now.

Our family party was held in a house belonging to the Methodist church which was probably purchased new because no church would be able to justify buying it today- even if it had the money. An identical house across the road is on the market for £2.3 million. And what do you get for that- a mansion? No, just a decent but unexceptional mock-Tudor detached house- on a narrow plot- with a small garden at the back- the sort of house that went up in its hundreds of thousands in the years between the wars, a starter home for a city clerk. There's no garage so you have to park your Merc on the street.

London prices are mad.
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Comments:
[User Picture]From: matrixmann
2017-09-25 01:51 pm (UTC)
Well, if people like to join the choir of owning their own hosues and building whole nests of harmony, while the space for that actually is pretty limited...
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[User Picture]From: poliphilo
2017-09-25 02:09 pm (UTC)
I don't know how London functions when the only people who can afford to live there are oligarchs and celebs.
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[User Picture]From: matrixmann
2017-09-25 02:38 pm (UTC)
Meant that in general. As the general concept.
Well, of course before the background of my own origin...
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[User Picture]From: pondhopper
2017-09-25 02:24 pm (UTC)
We have some friends in the London area who just sold the wife's mother's house for an absurd amount (close to 2 million) and bought a newer and smaller 2 bedroom flat for the mum and had hardly any cash left over. And they weren't anywhere near Highgate but in a less upper class area...a good neighbourhood but not Highgate.

Yes, it's mad.
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[User Picture]From: poliphilo
2017-09-26 08:49 am (UTC)
I don't see how London prices can carry on going up and up. It's dysfunctional.
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[User Picture]From: heleninwales
2017-09-26 03:53 pm (UTC)
I think I heard on the radio the other day that house prices in London have stalled. Considering the rate they are throwing up new luxury apartment blocks, this is not surprising. If you increase the supply -- even if the prices are ridiculous -- prices can't keep on rising.
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[User Picture]From: poliphilo
2017-09-26 04:48 pm (UTC)
I do hope that's true.
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