Talking of mental house prices...

Chojin · 30 Dec 2018 at 21:32

London property sales probably have a faster turnaround, so for the super rich they can store x percent of their net worth in a tangible asset plus get the benefit of it when they are in the smoke.

If you were not a high net worth individual but stretching yourself then the castle would make better sense as you could treat it as a business and make money from tourists.

Jumper118 · 30 Dec 2018 at 21:59

house are well cheap. you can get them in liverpool for like £1.

moon man · 30 Dec 2018 at 22:13

Jumper118 said:
house are well cheap. you can get them in liverpool for like £1.

ha yes https://www.dailymail.co.uk/news/article-5347623/Families-bought-homes-1-transformation.html

Jean-F · 30 Dec 2018 at 22:20

Jumper118 said:
house are well cheap. you can get them in liverpool for like £1.

I wouldn’t be surprised, but you’d have to pay me double that, even to live in Aigburth or Crosby.

Spook187 · 30 Dec 2018 at 22:32

Nothing wrong with Liverpool, like all big cities some bad areas.

moon man · 30 Dec 2018 at 22:38

Spook187 said:
Nothing wrong with Liverpool, like all big cities some bad areas.

i was thinking that ,havnt been but met people from there who wouldnt be anywhere else

Spook187 · 30 Dec 2018 at 22:40

moon man said:
i was thinking that ,havnt been but met people from there who wouldnt be anywhere else

I work and stop there a lot, my Mrs is from Liverpool, Great city

moon man · 30 Dec 2018 at 22:55

Spook187 said:
I work and stop there a lot, my Mrs is from Liverpool, Great city

put on my to visit list ,the people ive met from there have been awesome , im from yorkshire and even though i hang out in polzeath and rock i miss filey like hell .beauty lies in every area of England imho .

dowie · 30 Dec 2018 at 23:00

somewhere on a UAE forum...

"I can't believe what these Western expats pay for their apartments in Dubai, don't they know they can get a former goat herder's house in the middle of the desert 200 miles away for 1/10th of the price"

Jean-F · 31 Dec 2018 at 00:10

Spook187 said:
Nothing wrong with Liverpool, like all big cities some bad areas.

I totally believe that it can be a great place, I was going for humour, the trouble with being a born and raised, lifelong Londoner, is that if I don’t see red buses, or Black Cabs, going over Tower Bridge every day, I get palpitations, and visualise having a nurse putting paddles on my chest, and shouting, “CLEAR.”

Jumper118 · 31 Dec 2018 at 01:32

dowie said:
somewhere on a UAE forum...

"I can't believe what these Western expats pay for their apartments in Dubai, don't they know they can get a former goat herder's house in the middle of the desert 200 miles away for 1/10th of the price"

liverpool is a beautiful and rich vibrant place compared to the slums of london.

Jean-F · 31 Dec 2018 at 04:56

Jumper118 said:
liverpool is a beautiful and rich vibrant place compared to the slums of london.

Said no one ever, but I think that it’s good enough to warrant a capital L.

h4rm0ny · 31 Dec 2018 at 08:44

Tingle said:
You've picked 1 reason out of 3 (out of many more) reasons why I believe there is nothing wrong with it.

I picked the reason that I most disagreed with. If you spend £10m on something you don't need out of peer pressure, there's something wrong with that. I'm pretty sure most people can see that even if you aren't able to.

h4rm0ny · 31 Dec 2018 at 08:51

Tingle said:
Would you tell your colleagues you lived in a caravan? That's how your 3 bed in Kent looks relative to a £10m Kensington property.

****-poor analogy. It presumes two erroneous things. One, that everyone is only able to think in terms relative to those immediately around them rather than in any sense absolute terms. A tiny caravan is not a house. Secondly, it takes the assumption that peer pressure is a good reason to spend £10m pounds. If a colleague of mine lived in a little caravan because that's all they could afford, I wouldn't think less of them for it. BECAUSE I'M A DECENT HUMAN BEING. Don't spend your life (and £10m) trying to impress people who will sneer at you for having a smaller home than you. If you genuinely don't understand that spending large amounts of money to impress horrible people is a flaw in you, then (and I mean this genuinely), I pity you.

h4rm0ny · 31 Dec 2018 at 08:55

200sols said:
Not really. It’s no different to peer pressure that’s present in all other walks of life, just the sums are larger.

Do you think living by peer pressure is a good thing at any level? I don't. And £10m IS a difference in itself. Wasting a little money is different to wasting a lot of money because money has an absolute value as well as a relative value. If I spend an extra £10 on a pair of shoes, that only translates into a small difference in whatever else I applied it to that was "better". £10m translates into a HUGE amount even if for me, it was relatively the same proportion of my capital.

Caracus2k · 31 Dec 2018 at 09:03

h4rm0ny said:
I think there's a *little* something wrong with buying a £10m house out of peer pressure.

Its basic human / animal behaviour 101

Look up Zahavian signalling....

The point of buying something so expensive is often the (high) price itself.. ..

Its the same story as to why people pay millions for pieces of artwork, almost entirely indistinguishable from far cheaper reproductions and why male pea hens walk about with a ridiculous target for predators on their back.

The whole point of such displays (be it of wealth or feathers putting you at risk from prey) is that they are expensive! (be it in monetary terms or risk to live terms)

Humans, being social animals with a hierchal structure, often like to make ostentatious displays to their peers and potential sexual mates to show of their status.

This is one of the reasons why attempts to implement socialism/ communism are an absolute disaster as they try to work in direct opposition to human nature itself (which itself is just a version of what we se in other anumals)

Avenged7Fold · 31 Dec 2018 at 09:16

A lot of that list isn't London TBF.

I live within about 2/3 miles of 6 of that list (Weybridge). The house prices are high but those roads are extraordinary examples, most of the 2-3 bedroom houses in the area will be 400-700k. I see Virginia water makes the list, which in my opinion is much nicer than the rest on the list i recognized. The places are Wentworth golf-course are absolutely stunning!

Hilarious thing is you still have chavy kids in these areas, although fewer in number and much closer to playing at being hoodlums rather than an actual nuisance

krooton · 31 Dec 2018 at 10:45

Yeah, I work in Weybridge and walk past (red arrow) the entrance to a private estate with some crazy houses in it, one is 12.5 million.

Nasher · 31 Dec 2018 at 10:54

I wish we still built all houses nicely spaced out like that. Instead of rammed together with no green space between them at all :/

That is a private estate, there is a similar place near me. Some of the houses are worth a few million but residents have to also pay extortionate ground rent to the Golf Club who owns all the land. Seems like a **** deal considering what else you can buy for that money.

TNGL · 31 Dec 2018 at 12:32

h4rm0ny said:
****-poor analogy. It presumes two erroneous things. One, that everyone is only able to think in terms relative to those immediately around them rather than in any sense absolute terms. A tiny caravan is not a house. Secondly, it takes the assumption that peer pressure is a good reason to spend £10m pounds. If a colleague of mine lived in a little caravan because that's all they could afford, I wouldn't think less of them for it. BECAUSE I'M A DECENT HUMAN BEING. Don't spend your life (and £10m) trying to impress people who will sneer at you for having a smaller home than you. If you genuinely don't understand that spending large amounts of money to impress horrible people is a flaw in you, then (and I mean this genuinely), I pity you.

I just don't think you get it. Do you yourself live in a caravan by any chance?