Tuesday, December 20, 2011

Meanwhile, in the real world

Fear beyond the Westminster village is growing

There is a family with two small children, newly returned to London from two years abroad, who find that property prices are still so high they can't afford to rent or buy anything larger than the one-bedroom flat in Shepherd's Bush they left behind. All four of them are moving back in. The parents will sleep on a sofabe in the sitting room and the children will have the bed.

Posted by drewster @ 01:09 PM (1486 views)
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5 thoughts on “Meanwhile, in the real world

  • Thecountofnowhere says:

    The this is exactly why the London market will collapse imminently.

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  • sibley's b'stard child says:

    Heh, this is the same rag (although much better value for money etc etc) that is quick to trumpet rising London house prices – hurray for the Johnny-foreigner. Further, the same rag that pads itself out with page upon page of part-rent/part-buy schemes designed to lure the unwitting FTB into debt-servitude. ‘Do you want to the live the dream? You too can own* a bijou one-bed executive apartment in Stratford/Lewisham/Catford/Brixton for only £100,000. Call Floggit & Leggit today!’

    * Price based upon 5% of market value. You will be shafted with exorbitant service charges and ground rent on top of your mortgage. Your home is at risk of repossession if you do not keep-up with repayments with your real-term dwindling salary.

    F*ck-em.

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  • What’s that? Couple with 2 kids and a lounge plus a bedroom as well? Luxury! Rewind back to early 1960s Liverpool. Myself and four siblings plus our parents all living in one room, sharing kitchen and bathroom with 2 other families. Frost on the inside of windows and we threw the coats on top of the beds in winter, shilling in the TV and lookout for the detector van! (Cue 4 Yorkshiremen sketch!)

    I don’t want to be alarmist, but it has only been the ‘white heat’ of a booming manufacturing industry (now disappeared off to Chindia) the heaven-sent gushing N. Sea oil bonanza (now reduced to a trickle) and the now widely discredited financial services industry, that has allowed us to rise above the living standards of somewhere like Romania.

    I don’t say the UK is a hopeless case, just been v. badly led for along while, and it will take a lot of fundamental changes to get the country back on the right track, with welfare, law and order, and immigration being high on the list, IMHO.

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  • Yes, Jeremiah @ 3, because it is a given and indisputable fact that public spending on welfare, not the banks debts so willingly adopted by your government, is the source of the problem, right?

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  • Yes, Clockslinger, I missed the elephant in the room!

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