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a j

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    St Albans
  1. I'm looking in north London - zone 4 and 5. There seem to be some slight reductions in established areas, much more notable in East London. As a general theme there is very little supply. Areas which really should have 20 flats for sale at any one time in whatever price bracket you look for have at most 5-10. Some priced fairly high (needed for next move?). Others priced a little lower seem to move quickly.
  2. I'm a bit younger but certainly remember all my peers buying in London at multiples which were achievable on their salaries - most would not have been able to get assistance from their parents anyway.
  3. Not sure how far back you can remember? I recall when people might borrow the legal costs from their parents (which they repaid) - large gifts from family were unusual.
  4. Thats been my experience. Pretty much a given in Greater London - and people are becoming more and more aware of it. Any flat I've viewed had couples with their parents.
  5. A couple of thoughts. £120 a week is a fortune for a student. I tried looking at potential universities with a younger relative - there seems little information about relative costs of different locations. Even on The Student Room there is little comparison of living costs. The repayments are for earnings over the lower limit (£21k rising to £25k shortly) - so won't pay £4,500 pa until they earn something around £70k. However there seems to be a huge number going onto masters degrees which cost another 6% of income over a lower level. Add that to 9% of salary for undergrad we've managed to add 15% to income tax rates. Get your first managerial job - pay 55% marginal tax! This is socialism through the back door. I wonder about the effects of this. It doesn't seem worth sweating for a promotion or taking a worse commute for a better job on those tax rates.
  6. I've noticed this over the years. People bought expensive houses with little in savings to cover for loss of job, ill health etc. Likewise they pay hefty school fees with no great financial cushion. When I asked those I knew who seemed pretty sensible and clued up most did have a plan B if the worst came to the worst - move back to large parental home, work a basic job in a family business.
  7. I was looking around zone 3/4 East London a few years ago - might well have been some of the areas warriors friend was in. As an observation some places (Leytonstone, Leyton) have massively improved in this time. Places I wish I had bought then 2012/13 have doubled or more - but the area has also changed. I hope they crash soon...
  8. Actually I've lived in (very) North London for a few years now - but occasionally look on rightmove for flats near to Potters Bar station. As you say, the Herts area has a lot to offer, and I find being a little further south adds a lot to the driving time going north from London. Are you seeing any positive downwards moves with prices? I'm not seeing any good news at all - if anything there seems to be a gradual rise at the moment and places selling pretty quickly.
  9. Thats what beats me. I love Kingston and would love to live there, but it used to be relatively affordable due to the limitations of transport links. Any idea how people afford this, or is turnover low enough that inheritance / HPI gains leave enough people able to pay?
  10. My thoughts too. Brighton seems to be a very popular place among those with inherited/ unearned money. No doubt a lovely place to love but also a community which suits people of upper middle class upbringing and somewhat arty/ alternative views. Very sad for anyone who has to live their on a normal income as you are competing with those with no such restrictions. My advise would be to look elsewhere.
  11. Those London figures seem strange? Are there many new build 2 beds for £280k? Not sure I've noticed them.
  12. From reading ConservativeHome over the last week I think they are beginning to cotton on. Pretty much game over I'd suggest - the young can see that 9% tax increase on their payslips now and won't vote for the party of tax rises. The slightly less young are worrying about their next rent review. A mother of three asked today why she should consider voting Conservative - not a single answer to her question.
  13. For that size in that area £300k looks cheaper than normal - I'd guess its some really nasty block people have heard about. Exactly the sort of place not to buy in a frothy market.
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