I'm new to housepricecrash - my first post My current situation is that I *missed* the opportunity to buy when I was a student in Glasgow in 2000 and have spent the last 8 years moving to London, having fun, going on holiday lots, paying of debts and saving £10k towards a deposit. I've resisted 125% mortgages, 100% mortgages, shared ownership (all the while seeing friends buy flats in scummy aread for £250k!), just when I got excited that my partner and I might be able to buy one of these scummy flats too - I learn that I need to wait two years!! Oh well, I'm going to enjoy my two years renting on one of the best streets in Chiswick for less than £1k a month at least!
Anyway, introductions aside, does anybody else gawp at the volume of *studio* flats on the market in London? Who on earth buys a studio at these prices!!?? This property is a *luxury* studio flat:
What's luxurious about 250 sq ft in Teddington? The wood flooring? The miniscule bathroom? the fact that it has (gasp) a hallway?
Why would anyone pay more that £100k for a rsingle room?
And why are there so many of them!?!!?!?!?
It maddens me!