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Showing results for tags 'something in the water?'.
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I have posted here recently about the seemingly insane prices being paid for lock-up garages, way beyond their utility value and/or financial yield as rental opportunities, etc. BUT this one must take top prize so far, or very near it? This one seems akin to those past ads we have all seen for dilapidated beach huts being sold for lunatic sums. http://www.rightmove.co.uk/new-homes-for-sale/property-50975134.html Even allowing for the fact that this place is reasonably desirable, and residential property commands a generous premium, the price still seems insane. IF this were in London then this would be nothing to write about. But in this place!? Not knowing the place personally the only reason I could imagine someone justifying, and being willing to pay, such a price is if there are some abnormal restrictions and/or limitations on locals being able to park their cars. I'm coming around to the view that perhaps there is something in the water that is resulting in this collective lunacy of people losing all sense of perspective or meaning and value of what £50,000 actually is.