Housing! USA vs UK!

[Netyaroze]

Mazty said:

You are just presuming there is some sort of maximum price on how much land property will influence a value. You are wrong at every turn here buddy. I live in the UK and the housing here is shit - cold, damp and poor sound insulation:
http://www.bbc.co.uk/news/uk-england-london-19763791

It's much more to do with location than anything else. 

 

 

You just keep missing my point. Those cold damp and poorly insulated houses are not new but old houses. And old houses get renovated too if they are worth it. Surely you do not live in a house worth 600000 pound ?

 

I am also not presuming a max cap on property prices just that newly built houses will not be cheaper than the property value.

 

Prices like you linked are normal for inner cities. Thats true for any crowded place high in demand.

 

The money europeans can't spend on size gets spent elsewhere. 

 

I am sorry that you have to put up with such horrible houses but I doubt the whole UK is such a hell hole. And I have seen how "great" US houses can be and I learned to appreciate the european style of quality vs quantity (if one can afford it). Ofcourse there are fine houses in the USA too but if they are 5 times cheaper than a european house of the same size that stands on cheap property than there is definetly a lot of things wrong with. it.