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Who Buys The 4/5 Bed £500K+ Houses In Cornwall


Charlie Don't Surf
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...is that not a good thing, is there not plenty of work working with the elderly or working from home self employed?

I've thought about this some more and I think the question is moot as far as the Cornish economy today is. No disrespect intended whatsoever :). I am pretty pessimistic about telecommuting from Cornwall, but be that as it may.....

The jobs you describe are for ordinary schmucks doing ordinary things. Even if fairly well paid, these kind of people are of no use to the Monster. The Monster requires a continual supply of fresh meat, in the form of Incomers. If you're an ordinary person with a wife, 2.4 kids, half a labrador, mortgage and five year old Zafira you are no use to the hordes of estate agents, architects, builders, kitchen/bathroom/powerboat/Mini/Range Rover salesmen who comprise the Cornish economy.

Incomers feed the Monster. Incomers spend vast amounts of money in a relatively short space of time, on housing, on capital items from Germany on which the salesman can make commission, or directly on labour by employing Cornish tradesmen. Ordinary schmucks in steady jobs are no good. Ordinary schmucks spend their weekends in the garden, on the beach, walking the dog, doing some DIY, washing the Zafira. Ordinary schmucks don't buy £500k houses, spend £150k renovating them, buy powerboats/Minis etc etc.

Even the Silver Foxes are of limited use to the Monster once they've moved down here. Even Silver Foxes struggle to buy more than one powerboat, or a Mini more than every 4/5 years. And having bought & renovated a huge house they definitely don't do it a second time. So the Monster has to look across the Tamar to find fresh meat ready to drop £100k plus into the local economy.

Fresh batches of Second Homers are nearly as good as Incomers, but they tend to buy their cars etc Up Country. Of course Second Homers have dried up as well.

So now the Monster is starting to starve. It's eating its own tail where it can:- builders are starting to buy & renovate property using their own money (debt) since they can't get paid work from incomers. Estate agents are laying off vast swathes of staff, hair gel and shiny suit sales are down dramatically I'm told. The number of planning applications is way down, and what there is is for loft conversions, moderate extensions rather than giant glass'n'cedar "replacement dwellings". The Council Planning Department must be in for a serious cull as well.

I read somewhere (can't find it) that at the peak 20,000 Incomers per year were moving into Devon and Cornwall. Now I reckon the average Incomer drops £150k into the local economy in the first couple of years (they spend much more than that, but much of it goes off Up Country or to Germany rather than "sticking" locally) 20,000 x 150,000 = £3 bn. And that excludes Second Homers, probably a similar size. Here's a comparison for Cornwall:- "Tourism is vital to the well-being of Cornwall and accounts for 24% of GDP. The industry supports over 49,000 jobs and generates over £1.5 billion to the local economy." Dunno about how to factor Devon in, but I reckon that Incomers are of a similar size to Tourism, and account for a similar portion of GDP. No Incomers, and the Cornish economy shrinks by, what, 20%? And that's without including Second Homers, or reduced government spend (the other 76% of Cornwall's economy ;) ). Ouch. It's gonna be a bumpy ride.

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Who needs or would want a £500k mortgage, bit extreme if you don't mind me saying....being a slave to bricks and mortar is not my idea of a stress free life living in beautiful surroundings....as for Cornwall, very nice and all that but for me a bit out in the sticks...I like peace and tranquility but not isolation. ;)

Goddamit man you've got to get with the program! That's defeatist talk! If you want a £500k house in Paradise then you've got to take out a £500k mortgage to get it. Only Losers have £200k mortgages! :)

Quite a few people I know with 500k or near it mortgages. 6,7,8 times income. Desperate.

But I quite agree. Cornwall suits me, the isolation and slow-ish pace of life. But I'm an outdoors-in-all-weathers kind of person. It's not for everyone. What amazes me is the number of people who move to Cornwall in order to do things that they could do much better in Berkshire:- shopping; going to the gym; going out for lunch; taking kids to ballet. All Cornwall has to offer is the outdoors. That's what you pay the premium price for. If you're not gonna use it, why not stay in the Home Counties where wages are higher and facilities better?

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What kind of a 5-bed house would you get for 200k?

Yes, I'd pay more for a place with peace and quiet, and a bit of privacy/seclusion.

off current rental yields, I would guess a decent 5 bed suburban detached would go for 200k after a crash with no overshoot

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(first post, be gentle!)

Builder's modus operandi was to work for incomers who were still living up country and were very excited to move down. He would quote £40k to renovate their new house, knock some walls down and "find out" that the whole place needed flattening, turning it into a £100k job. He did this at least twice to my knowledge.

But they've stopped coming. For whatever reason, no more incomers.

Lovely.

Someone like him can hardly complain about the bankers.

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Lovely.

Someone like him can hardly complain about the bankers.

He's a lovely guy, and all his customers rave about him, and keep getting him back for more work. So I say fair play to him. He knows their hot buttons... structural defect.... mumble mumble.... some right cowboys built this.... mumble mumble... think of the view you'd have if we moved the whole house 2 feet to the left.... cheaper to start again etc etc

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He's a lovely guy, and all his customers rave about him, and keep getting him back for more work. So I say fair play to him. He knows their hot buttons... structural defect.... mumble mumble.... some right cowboys built this.... mumble mumble... think of the view you'd have if we moved the whole house 2 feet to the left.... cheaper to start again etc etc

Charming swindlers are always successful and popular. Doesn't mean they're right.

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But I quite agree. Cornwall suits me, the isolation and slow-ish pace of life. But I'm an outdoors-in-all-weathers kind of person. It's not for everyone. What amazes me is the number of people who move to Cornwall in order to do things that they could do much better in Berkshire:- shopping; going to the gym; going out for lunch; taking kids to ballet. All Cornwall has to offer is the outdoors. That's what you pay the premium price for. If you're not gonna use it, why not stay in the Home Counties where wages are higher and facilities better?

One of my biggest annoyances. Cornwall is expensive, it's expensive because it is unique and beautiful. Yet, a proportion of both born 'n' bred and incomers seem to want to make it more mainstream and arbitrary. It'd save everyone's time and money if they just did in fact move to Berkshire!

For various reasons I'm looking at around this price range and whilst I appreciate in some parts of Cornwall this may represent fashionable second homes / teleworking a la BT adverts, in my manor these are mostly very dull houses with 90's decor and hideous conservatories. I suppose there is a knock on effect within a certain radius.

Anyway, at the moment I'm seeing 10% drops in lots of properties and they still aren't selling. Maybe I've answered my own question, i.e. no one! Then on the other hand, like I said most of the places are 80s/90s throwbacks in areas that were fashionable then. I expect granite, features, at least 1 acre and possibly a view for that kind of money

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One of my biggest annoyances. Cornwall is expensive, it's expensive because it is unique and beautiful. Yet, a proportion of both born 'n' bred and incomers seem to want to make it more mainstream and arbitrary. It'd save everyone's time and money if they just did in fact move to Berkshire!

For various reasons I'm looking at around this price range and whilst I appreciate in some parts of Cornwall this may represent fashionable second homes / teleworking a la BT adverts, in my manor these are mostly very dull houses with 90's decor and hideous conservatories. I suppose there is a knock on effect within a certain radius.

Anyway, at the moment I'm seeing 10% drops in lots of properties and they still aren't selling. Maybe I've answered my own question, i.e. no one! Then on the other hand, like I said most of the places are 80s/90s throwbacks in areas that were fashionable then. I expect granite, features, at least 1 acre and possibly a view for that kind of money

The lands end peninsular has changed markedly over the last 20 years. Much much busier. Due to Improvements to the A30 shortening the journey and the Tate st ives drawing middles class visitors to the area, which on its day is as stunning as anywhere. It has increased awareness and changed the demographic from what was once a sleepy, agricultural / fishing community mixed with an alternative crowd of hobos, misfits, musicians + artists. Beginning of the 90's I sold a pretty double fronted listed granite cottage on the North coast just west of zennor, it was on the market for 18 months. I cant imagine that lingering now, whatever the market, because the steady stream of retirees, teachers, public sector and the rest will always be there. Like you I am waiting for the right opportunity to buy back in. For the moment quite happy to roll the interest on STR fund because the one thing that prices will not do is go up....how far they drop in this category remains to be seen.....imagine it will be down to supply and above all sentiment.....not down there at the moment so your posts are always very interesting to read from someone on the ground.

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Beginning of the 90's I sold a pretty double fronted listed granite cottage on the North coast just west of zennor, it was on the market for 18 months. I cant imagine that lingering now...

Oh, I expect it would linger big time. Very little is moving.

... because the steady stream of retirees, teachers, public sector and the rest will always be there.

The steady stream has dried up completely...

private sector has stopped coming - Cornwall hasn't got a private sector to speak of, at least not one paying more than minimum wage

public sector has stopped coming - IMHO they are priced out until houses come down to 3-4 x a public sector wage. Also maybe they are starting to twig that Cornish public sector might be a Bad Career Move*. Finally the public sector down here is in for a massive kicking IMHO.

retirees are still coming, but I don't think they dramatically affect prices. The retiree population is more or less in equilibrium. When they reach a certain age (usually when it gets hard to drive) many move back Up Country to be nearer family. At the moment I think number of retirees wanting to leave exceeds those willing & able to come down, so that puts further downward pressure on prices

I am convinced Cornwall is in for big population drops over the next 5-10 years. As the man said "you can't eat scenery".

* eg in the NHS, Treliske is hardly the John Radcliffe, Guy's or Addenbrooke's. In the Council, planning a new ten turbine wind farm is hardly debating a whole new town, or Heathrow Third Runway. The only way to get promotion is Dead Man's Shoes, or to move back Up Country to less of a backwater.

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just seen a 1 year old 'escape to the country'

strangely, late 30-somethings with 700k to splash on a 5 bed house in a village in pembrokeshire

inherited money too? (didn't sound very bright, mildly dumb blonde female demanded a big family house)

(farmers daughter - so yes, possibly)

Goodness me. That's harsh.

We're "30 somethings" (well, just) with over 900k to splash either in cornwall or devon. 700k is cash. No I'm not dumb. No its not inherited. And I am in fact a farmer's daughter from Cornwall, although we made our money over the course of 15-20 yrs working in the City of London, buying, doing up and selling houses; started off with a 66k flat in 1995 with a 6k deposit; and now I want to try to move back home. There's a fair few people just like me, but maybe not quite the same financial levels; or maybe more, who knows. Lots of 30 and 40 somethings who left Cornwall/Devon after Uni and now want to go home. Jobs? Yes. I was offered a job in Cornwall about a yr ago for not that far off 100k. Had to take another one further up the peninsula though because of other half's job constraints; he's more specialist. In my line of work (business / professional), I meet a surprising number of other people just like us.

I'm not trying to show off. I'm just trying to demonstrate that the cornwall / devon property market for over 500k homes is not driven by a bunch of OAPs. Certainly where we ARE currently looking (unfortunately not Cornwall right now), a heck of alot is going on at that level of the market. I think it has something to do with mortgage rates, if you can get one of course.

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Goodness me. That's harsh.

We're "30 somethings" (well, just) with over 900k to splash either in cornwall or devon. 700k is cash. No I'm not dumb. No its not inherited. And I am in fact a farmer's daughter from Cornwall, although we made our money over the course of 15-20 yrs working in the City of London, buying, doing up and selling houses; started off with a 66k flat in 1995 with a 6k deposit; and now I want to try to move back home. There's a fair few people just like me, but maybe not quite the same financial levels; or maybe more, who knows. Lots of 30 and 40 somethings who left Cornwall/Devon after Uni and now want to go home. Jobs? Yes. I was offered a job in Cornwall about a yr ago for not that far off 100k. Had to take another one further up the peninsula though because of other half's job constraints; he's more specialist. In my line of work (business / professional), I meet a surprising number of other people just like us.

I'm not trying to show off. I'm just trying to demonstrate that the cornwall / devon property market for over 500k homes is not driven by a bunch of OAPs. Certainly where we ARE currently looking (unfortunately not Cornwall right now), a heck of alot is going on at that level of the market. I think it has something to do with mortgage rates, if you can get one of course.

In West Cornwall the +£500 k bracket is definitely driven in the main by retirees. How many £100 k wages do you think there are? Its a bucket and spade economy. With the average wage at £329.30 (thats one hundred pounds less than the National average) I can assure you the number of £100 k wages west of Truro are virtually non existent. In fact wages over 50 k are very exceptional, save senior teachers, council workers, NHS workers. The vast majority of buyers have like you made their dosh and sold a pile up country and now looking to kick back. Then after a couple of winters start to wonder if its fulfilling expectations. Which might explain why there is a "heck of a lot going on" as people realise the market is about to fall and try to get out quick to escape the rain, mist, rain, squall, damp, drizzle, drudge, rain, darkness, more rain etc etc.

Edited by tennaval
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Goodness me. That's harsh.

We're "30 somethings" (well, just) with over 900k to splash either in cornwall or devon. 700k is cash. No I'm not dumb. No its not inherited. And I am in fact a farmer's daughter from Cornwall, ... and now I want to try to move back home. There's a fair few people just like me, but maybe not quite the same financial levels; or maybe more, who knows. Lots of 30 and 40 somethings who left Cornwall/Devon after Uni and now want to go home. Jobs? Yes. I was offered a job in Cornwall about a yr ago for not that far off 100k. Had to take another one further up the peninsula though because of other half's job constraints; he's more specialist. In my line of work (business / professional), I meet a surprising number of other people just like us.

I'm not trying to show off. I'm just trying to demonstrate that the cornwall / devon property market for over 500k homes is not driven by a bunch of OAPs. Certainly where we ARE currently looking (unfortunately not Cornwall right now), a heck of alot is going on at that level of the market. I think it has something to do with mortgage rates, if you can get one of course.

Nice post

But surely this emphasises the points made above? You're not actually moving back to Cornwall despite a golden opportunity. The costs (not necessarily financial) outweigh the benefits. You have a powerful motivation to move back, a job which was about as good as Cornwall can offer, and a very healthy budget to make the move. And yet you're still not coming back. You're moving somewhere up the peninsula where I guess the benefits are a little less, but the costs are a lot less. And IMHO you're at the very top end of the propensity-to-move-to-Cornwall scale, And yet you're still not coming back. So what hope is there for people with less motivation, a worse job offer or a smaller housing budget?

Here's what you need to move to Cornwall:-

(1) a strong desire to make the move, be 3 hours from Ikea, John Lewis, a mall, and probably 4-5 hours from friends and family

(2) the ability to avoid or deal with kids-in-school problems (eg have no kids, young kids, or kids who have left the nest)

(3) a house with substantial value, say >300k (less than that buys you nothing in Cornwall)

(4) a proceedable buyer for that house

(5) a job offer which pays South East wages (cost of living in Cornwall is at least as high, maybe higher than SE)

(6) appropriate career opportunities for your other family members, eg good job for OH, or enough pay in 5 that he/she can quit and go surfing

(7) opportunities for career progression both within the company you choose and in other companies locally (so you can progress within or jump ship without having to move house)

As far as I can see you tick pretty much all the boxes, you have 1, 3 and 5 in spades but 6 let you down. So you're not moving to Cornwall.

Typical incomers until about 2008 ticked the boxes in the following ways:-

1 by being sold the surf-n-sun lifestyle by the media

2 by being young, typically in their 30s so kids were non existent or <10, also a significant gay and lesbian contingent

3 and 4 easy - houses flying off the shelves.

Now here's the interesting bit....

5 and 6 often by both parts of the couple being in the public sector. Often NHS or teachers. Cornwall is stuffed with incomer him'n'her doctors, dentists, teachers, Council workers.

7 hmmmm, they didn't really think about that one, 1 outweighed 7 by a long chalk.

But today 3 and 4 look iffy because of the housing market, 5 and 6 look iffy what with planned cutbacks in public services. 7 was always very iffy - if you get fed up working at Treliske, what the hell do you do? And for 1 well, a couple of rainy summers? So the incomers have stopped.

For a retiree 2, 5, 6 and 7 are non issues so the retirees will continue to come, if they can overcome the hurdles of 3 and 4.

And where you're looking at the moment, there is activity in the >500k price range. Because people like you are looking there. Down here across the Tamar that price range is dead as a doornail. Because people like you aren't looking there. I have a couple of friends round here trying to sell nice 700k houses, they would absolutely bite your hand off. But you're not coming. Surely the proof of the pudding is in the eating?

cheers now and best of luck with the search

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Beginning of the 90's I sold a pretty double fronted listed granite cottage on the North coast just west of zennor, it was on the market for 18 months. I cant imagine that lingering now, whatever the market, because the steady stream of retirees, teachers, public sector and the rest will always be there.

Like the incomer says this bracket is pretty dead. It's what I'm watching and there's some nice stuff over St Just way that has been around for a while and a place in Lamorna that has come down over £100k but is still on after about 18 months (http://www.rightmove.co.uk/property-for-sale/property-24951046.html). Problem is I'm very specific about where I want to be, plus at the prices I'm looking at the place would have to be perfect, where as most of these places are a bit ropey.

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Like the incomer says this bracket is pretty dead. It's what I'm watching and there's some nice stuff over St Just way that has been around for a while and a place in Lamorna that has come down over £100k but is still on after about 18 months (http://www.rightmove.co.uk/property-for-sale/property-24951046.html). Problem is I'm very specific about where I want to be, plus at the prices I'm looking at the place would have to be perfect, where as most of these places are a bit ropey.

I suspect you will be in for a long wait :(. I've heard of 2nd homers and incomers planning to put their houses up for rent rather than sell. So I suspect you'll be able to rent your dream house from a reluctant landlord, and he'll be trying to sell it for peak price + 10%. But realistic prices are a long way off IMHO. You could try some silly offers, there are some desperate people out there.

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Goodness me. That's harsh.

We're "30 somethings" (well, just) with over 900k to splash either in cornwall or devon. 700k is cash. No I'm not dumb. No its not inherited. And I am in fact a farmer's daughter from Cornwall, although we made our money over the course of 15-20 yrs working in the City of London, buying, doing up and selling houses; started off with a 66k flat in 1995 with a 6k deposit; and now I want to try to move back home. There's a fair few people just like me, but maybe not quite the same financial levels; or maybe more, who knows. Lots of 30 and 40 somethings who left Cornwall/Devon after Uni and now want to go home. Jobs? Yes. I was offered a job in Cornwall about a yr ago for not that far off 100k. Had to take another one further up the peninsula though because of other half's job constraints; he's more specialist. In my line of work (business / professional), I meet a surprising number of other people just like us.

I'm not trying to show off. I'm just trying to demonstrate that the cornwall / devon property market for over 500k homes is not driven by a bunch of OAPs. Certainly where we ARE currently looking (unfortunately not Cornwall right now), a heck of alot is going on at that level of the market. I think it has something to do with mortgage rates, if you can get one of course.

eek - I have never seen you on a TV programme (that I am aware) so I was hardly judging you??

they really did seem dumb on the TV prog, I presume you would not

although we made our money over the course of 15-20 yrs working in the City of London, buying, doing up and selling houses; started off with a 66k flat in 1995 with a 6k deposit; and now I want to try to move back home.

but then again, if you simply made you rmoney at ground zero of the biggest financial bubble in a generation then it hardly makes you out to be einstein

Edited by Si1
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Problem is I'm very specific about where I want to be, plus at the prices I'm looking at the place would have to be perfect, where as most of these places are a bit ropey.

sounds like we may be competing for the same property should it ever materialise:rolleyes: ...........although as each day passes i am becoming more convinced to buy abroad rather than for the third time in Cornwall.

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Back to the original question - Me!

3 kids so need the room, wife who works from home and makes lots of cash over t'Internet with her business, while I do supply teaching plus other odds and sods online.

Grew up here, moved to London, then came back for the schooling and quality of life once kids got to school age. We never bought in London as we couldn't afford to, but now make the money to be affluent first time buyers down here (Truro area). We want a 'house for life' so will take out a 350k mortgage to do this and hopefully pay it down quickly.

However, I'm not buying (so I suppose that actually negates the first thing I wrote, but never mind...). Our budget is around 500k but I just look at the houses on offer and think I'd be embarrassed to tell people I spent half a million quid on them. The good stuff appears at 625k+, and unless you want to live in town (which is what we came back to get away from), anything under 400k is crap. Between 400k and 600k, everything either has something wrong with it (two big bedrooms, two boxes, threat of relief road or new caravan site nearby, dark dingy and damp or general shoddy layout). Everything we've looked at is coming down 50k now, though, so maybe something of vague quality may come up?

We have our eye on one place that could be good but needs about 50k of work. And it's already top of our budget if they take a cheeky offer of 15% off, so unless prices fall further we'll stick to paying £900 a month in rent, rather than a 2k a month mortgage, thanks.

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So we have two (Rex and Antsy) who are not buying £500k+ houses in Cornwall. One because they can't get the lifestyle/career they want, the other because they can get the lifestyle, but have spotted that the housing stock is hilariously overpriced.

Anyone out there who actually is buying a house in Cornwall?

:)

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Incomer is spot on - half the people I know work at Treliske, and it surely is going to get hit by downsizing.

Interestingly - I already know of people whose service commissions are not being renewed, so there's another great Cornish public sector employer heading down the tubes.

The market really isn't moving much at all, save for those who slash prices. (600k, down to 450k was one special recently - done up by local builder)

http://www.rightmove.co.uk/property-for-sale/property-15775695.html

On very busy road... great views, though, if you like to stare at Truro.

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Incomer is spot on - half the people I know work at Treliske, and it surely is going to get hit by downsizing.

The market really isn't moving much at all, save for those who slash prices. (600k, down to 450k was one special recently - done up by local builder)

http://www.rightmove.co.uk/property-for-sale/property-15775695.html

It won't even need downsizing, though I agree that's gonna happen too. People are already leaving Treliske through dissatisfaction, I think it's gone down the tubes since the cash crisis. I'd hate to get proper ill down here. Lots of talk on local news about moving all the clever stuff to Devon. It would just become A&E, geriatrics, obs & gobs etc. that would start a big emigration of the smart money.

The place is still swarming with builders doing bungalow gobbling, and places up for sale with planning permission for replacement dwellings. But the builders all end up living in them. The telltale signs are:- house not quite finished, landscaping not done, vans & Range Rover parked in drive, wife working like a slave for the Council to feed the kids while hubby drives round in a black Range Rover saying "I'm a property developer" aka unemployed builder with £500k of debt.

PS planning applications in our area have nosedived, a sure sign IMHO that the property market has stalled. It was a running joke down here that incomers would buy the house, then next week put in planning for a massive extension and/or bungalow gobbling. That's all stopped. A marvellous knock on effect is that all the numpties at Cornwall Planning will get fired, they are the most hopeless bunch of "computer says no" merchants I've ever come across. Schadenfreude :)

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sounds like we may be competing for the same property should it ever materialise:rolleyes: ...........although as each day passes i am becoming more convinced to buy abroad rather than for the third time in Cornwall.

Funny, I never really thought there would be competition when I decided to buy a house. However, it does seem that regardless of price everything for sale round here is crap in one way or another.

If I see anything I think is perfect I might put in an offer and see what happens. I'm banking on this happening after 20% further falls though ;)

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Funny, I never really thought there would be competition when I decided to buy a house. However, it does seem that regardless of price everything for sale round here is crap in one way or another.

If I see anything I think is perfect I might put in an offer and see what happens. I'm banking on this happening after 20% further falls though ;)

Actually we have a smaller budget than you circa £350 but agree best to wait for sentiment to truly nosedive, not there yet, next spring should be interesting! (nice websites).

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Nice post

But surely this emphasises the points made above? You're not actually moving back to Cornwall despite a golden opportunity. The costs (not necessarily financial) outweigh the benefits. You have a powerful motivation to move back, a job which was about as good as Cornwall can offer, and a very healthy budget to make the move. And yet you're still not coming back. You're moving somewhere up the peninsula where I guess the benefits are a little less, but the costs are a lot less. And IMHO you're at the very top end of the propensity-to-move-to-Cornwall scale, And yet you're still not coming back. So what hope is there for people with less motivation, a worse job offer or a smaller housing budget?

Here's what you need to move to Cornwall:-

(1) a strong desire to make the move, be 3 hours from Ikea, John Lewis, a mall, and probably 4-5 hours from friends and family

(2) the ability to avoid or deal with kids-in-school problems (eg have no kids, young kids, or kids who have left the nest)

(3) a house with substantial value, say >300k (less than that buys you nothing in Cornwall)

(4) a proceedable buyer for that house

(5) a job offer which pays South East wages (cost of living in Cornwall is at least as high, maybe higher than SE)

(6) appropriate career opportunities for your other family members, eg good job for OH, or enough pay in 5 that he/she can quit and go surfing

(7) opportunities for career progression both within the company you choose and in other companies locally (so you can progress within or jump ship without having to move house)

As far as I can see you tick pretty much all the boxes, you have 1, 3 and 5 in spades but 6 let you down. So you're not moving to Cornwall.

Typical incomers until about 2008 ticked the boxes in the following ways:-

1 by being sold the surf-n-sun lifestyle by the media

2 by being young, typically in their 30s so kids were non existent or <10, also a significant gay and lesbian contingent

3 and 4 easy - houses flying off the shelves.

Now here's the interesting bit....

5 and 6 often by both parts of the couple being in the public sector. Often NHS or teachers. Cornwall is stuffed with incomer him'n'her doctors, dentists, teachers, Council workers.

7 hmmmm, they didn't really think about that one, 1 outweighed 7 by a long chalk.

But today 3 and 4 look iffy because of the housing market, 5 and 6 look iffy what with planned cutbacks in public services. 7 was always very iffy - if you get fed up working at Treliske, what the hell do you do? And for 1 well, a couple of rainy summers? So the incomers have stopped.

For a retiree 2, 5, 6 and 7 are non issues so the retirees will continue to come, if they can overcome the hurdles of 3 and 4.

And where you're looking at the moment, there is activity in the >500k price range. Because people like you are looking there. Down here across the Tamar that price range is dead as a doornail. Because people like you aren't looking there. I have a couple of friends round here trying to sell nice 700k houses, they would absolutely bite your hand off. But you're not coming. Surely the proof of the pudding is in the eating?

cheers now and best of luck with the search

I think most of what you say is spot on. Except that people are still moving down there. And they're not public sector workers (at least not the ones I was talking about). The job I had waiting for me was in Truro. There's alot of professional activity in that area at present. And of course the "4-5 hours from family and friends" bit doesn't apply if you're actually going home. Most of my contemporaries at school left Cornwall for their careers up the country, and gradually over the years have gone home - 40 always seems to be a good turning point. ALL my family are in Cornwall. And my father has just sold his house 20 mins from Truro for over 800k. So I guess all I'm saying is that I hear what you're saying, I agree with alot of it; but despite all that sense, its still happening, and I'm relying on my own links within Cornwall as a basis for that info.

As for the "job offer which pays SE wage", unless you are public sector, I don't believe that exists. I believe most people moving down will have to accept a significant pay cut. I did (until other half scuppered me). I'm significantly worse off in the SW, because I agree that everything is just as expensive as in the SE (if not more expensive because of the scarcity of certain services), but I'm earning about half what I used to earn in London.

One point that you might find interesting is that, where we are looking to buy, it is easily just as expensive, if not more expensive, than Cornwall. In fact, I think I would have more value for money in Cornwall. Cornwall and where we are looking to buy, both fall within the "desirable area to live" area. Outside of London, that all seems to fall into the same price pracket. We're looking in East Devon / West Dorset, and I'm working in Exeter.

To the other commentator re West Cornwall - I completely agree that is a different kettle of fish. Too far down and no decent jobs in Penzance - I lived there for most of my childhood. I'm thinking more of the commuter zone around Truro.

eek - I have never seen you on a TV programme (that I am aware) so I was hardly judging you??

they really did seem dumb on the TV prog, I presume you would not

but then again, if you simply made you rmoney at ground zero of the biggest financial bubble in a generation then it hardly makes you out to be einstein

I don't believe that I was trying to claim to be bright just because I made alot of money in London over the course of 15 yrs. I was simply setting the backdrop to my situation. Just as if I had several million quid because I won the lottery, I would have mentioned that. And I wouldn't have expected anyone to think I was "Einstein" for so winning .....

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And I wouldn't have expected anyone to think I was "Einstein" for so winning .....

You probably couldnt even describe Einstein's theories never mind repeating his intellectual feats, which are only rivalled by those of Newton. Einstein was a legend in seeing the universe in different ways; you are merely a lucky property developer.

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