Not really. It’s no different to peer pressure that’s present in all other walks of life, just the sums are larger.
Talking of mental house prices...
- Thread starter Uther
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Not really. It’s no different to peer pressure that’s present in all other walks of life, just the sums are larger.
Yes I would, I know people who do live in caravans guess what I ain't bothered, what a odd bubble some live in by your thinking.
Caporegime
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Okay so you are rich out of your wildest dreams yet choose to live in a mid terrace house that many peasants in other areas of the country live in as well.
If I was in that segment of richness I would want to be able to walk into my own home cinema or swim in my own indoor heated pool while also being able to walk into my heated garage and into my Ferrari while backing out onto my acres of land. All of which a Victorian mid terrace cannot offer. If you were that rich to be able to afford a 15 million mid terrace house with on road parking I am sure commuting is the least of your concerns. Lol
Unlikely it’s their only house in the UK and World.
Caporegime
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They are probably shorting it to make more millions.
Something has to change with house prices in the south. It's completely unsustainable.
I live in Wargrave which is a pretty nice little village, but my gaff is worth about £450k. It's not a mansion. Just a two-up, two-down, semi. What you would describe as a starter-home really. That price is ridiculous. It should be less than half of that figure.
I live in Wargrave which is a pretty nice little village, but my gaff is worth about £450k. It's not a mansion. Just a two-up, two-down, semi. What you would describe as a starter-home really. That price is ridiculous. It should be less than half of that figure.
Would you ever sell up and move somewhere cheaper? You could still live in a decent area (though probably not the SE) and pocket some capital. Guess you need the location for work though.
Agreed, especially if you were that rich.
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My new build 3 bed semi in Oxfordshire is about 330k atm. I paid about 220k off plan 5 years ago.
It is tempting to sell up and move to Hull (where I'm from) because I can get a nice Victorian home there.
Can't do it atm though coz I'd be giving up way too much salary.
It is tempting to sell up and move to Hull (where I'm from) because I can get a nice Victorian home there.
Can't do it atm though coz I'd be giving up way too much salary.
I quite liked the look of that, and thinking of the house opposite, identical to ours, going for 1.2 mil, after being up for 1.6, I had visions of getting a shade over 1 mil for ours, and bidding 750k for the castle, until my Scots niece told me of the sealed bids process up there.
Thinking that the only fly in the ointment would have been the 14 bedrooms, with “the enemy” screaming, “14 bedrooms?, Are you going to vacuum them?”, I showed her the photo.
She tilted her head, nodded approvingly, then said, “Looks good, how far is it from Harvey Nichols?”
As far as she’s concerned, there’s only one Harvey Nicks, and it’s on the corner of Knightsbridge, and Sloane Street.
So much for me being Laird of the Manor in Dumbarton.
Soldato
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I moved back to where I'm from and work away when I have to. Bit of a pain but coming home (Devon now) it feels like a holiday each weekend.
My four bed detached new build is worth around £280k down here. I like it but if I bought a new build again(unlikely) I'd be much more wary about the quality, or would commission one to be built myself. It's a private new build so only two built that look the same, next to some older detached houses. Solid house but things like creaky floorboards, kitchen cupboard doors delaminating in the corners, various other issues since buying it just over 3 years ago. Getting the local builder to fix things has been a PITA.
Where I used to live a similar house would probably be upwards of £450k now
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Yeah I've had my fair share of this too, partly why I'm thinking about the option of moving, coz it might just be cheaper than fixing this place up properly.
Did you buy?
Caporegime
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My father's house where he grew up is worth millions. They were brought up on bread and dripping!
There should be no situation where you pay more than 7 figures for a house and be capable of even making eye contact with passers bys through the windows. These properties are 100% valued on where they are located, not the quality or the size of the properties themselves. Absolutely nuts that anyone would pay a gigantic premium to live in a congested crap city cause muh capital, real estators are laughing all the way to the bank. Can you imagine paying 8 figures and yet still being deafened by main road traffic? That kind of money would get you a much nicer and better furbished property in LA that has no noise or annoyances outside of whatever your neighbor does from half a mile away.
You might well be able to get a castle in Scotland for less than a million, I'd assume that plenty of the people who own these expensive town houses have more than one property anyway so it is perhaps a bit moot. Some of them might well not only have a Castle in Scotland but a whole hunting estate to go along with it too.
Plenty of them might well be from overseas too, Russians, Chinese, Arabs etc.. They want a base in Central London with enough accommodation for their family and staff...
In the case of say rich Arabs they'll spend time in London in the month before Ramadan and might well want to live near to where other rich Arabs live in West London. They're perhaps less likely to take a look at say some property in Chelmsford and think:
"Oh, this Essex Mansion is 1/5 of the price of the town house/apartment I was after, I can get a massive garden too and still be into Liverpool St in 30 mins then a tube to West London to hang with my fellow Arab chums"
and they're even less likely to go:
"OMG I can get a large house up north in some random place I've never heard of and no where near where all my mates/fellow arabs hang out for 1/20th of the price"
Plenty of them might well be from overseas too, Russians, Chinese, Arabs etc.. They want a base in Central London with enough accommodation for their family and staff...
In the case of say rich Arabs they'll spend time in London in the month before Ramadan and might well want to live near to where other rich Arabs live in West London. They're perhaps less likely to take a look at say some property in Chelmsford and think:
"Oh, this Essex Mansion is 1/5 of the price of the town house/apartment I was after, I can get a massive garden too and still be into Liverpool St in 30 mins then a tube to West London to hang with my fellow Arab chums"
and they're even less likely to go:
"OMG I can get a large house up north in some random place I've never heard of and no where near where all my mates/fellow arabs hang out for 1/20th of the price"
A 15 million mid terrace house is clearly on a ridiculous level, but that castle isn't going to sell for £785k, nor is it comparable in any way. That was *my* point.
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