Mazty said:
£120k for a 3 bed semi?? Unless you are living in rural yorkshire, change the 1 to a 2, and you are probably closer to the value. The UK miserably fails on the housing front because of it's shitty, shitty size. What is considered ghetto housing in the states is merely called a "modest terrace" over here. Sure I picked some premium areas, but if you go to somewhere like Arizona, for £200k enjoy a double garage, detached property with 3 bathrooms, one being bigger than most master bedrooms in the UK... http://www.realtor.com/realestateandhomes-detail/1735-Wood-Vista-Pl_Round-Rock_TX_78665_M88875-35889?ex=TX562465263 The only major issue I have with that place is all the windows could do with being x2 the size, maybe even x3, as the interior is far too dark. But at that price...the fuuu..£175k
Nope. Housing prices have been constantly increasing since the 70's due to a lack of space and too many people. We need a good old plague here.
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Rubbish, house prices have flatlined or decreased since 2004.
Much less houses are being sold because the owners aren't really that bothered about moving and chance their valuations at stupid prices that don't represent the market value that a valuer would have assigned to it.
That's the real situation, house prices have decreased it's just the people selling them have them on the market for years at the same price as they were in 2004 and are too fucking stupid to realize nobody's going to buy the damn thing.
(swearing needed to convey just how stupid these idiots are)
Trust me I know, I own a few places myself and the only way to get a good deal in anywhere that isn't a run down area is through a reposession or being extremely lucky to find some old biddey who's off to an old folks home.