Aberdeen was a bit like that and it came to a head when the housing market crashed with the oil price.
I reckon in just shy of 4 years my flat has probably dropped about 15-20% in value. Fortunately, the rest of the city has done something similar so it doesn't really matter as long as I stay within the city.
A friend bought a flat recently which 3.5 years ago would've been £210-220K. He's getting it for £165K. It's sickening, but there's nothing I can do about it.
https://espc.com/property/25-whitecr...1-8ng/35583968
Turns out it’s a 2 bed, but still.
Interesting never been there. Still a decent commute to Edinburgh.
This is the neighbours house value - http://www.rightmove.co.uk/house-pri...ountry=england
A friend bought a quite spacious 2-bedroom house, with parking and a backyard for 160k pounds a couple of years back. In Derby, but still.
850k to live in a place with rooms smaller than my 50 quid a month place in Swansea
Central / North London for you.
They haven't even bought a new TV since 1996.
I rent an end of terrace, so get to pretend it's a semi detached. Start a new job soon, I'll be saving up to buy a car first, but after that I'll be earning enough money to save to one day own a place, don't really give a fuck about owning though, if it happens then great, but if it doesn't, I still have a roof over my head.
http://www.bbc.co.uk/news/uk-england...shire-43209535
Look at all them sad bastards.
Green Belt protestors are the pits.
I don't mind them building on some green belt but they never improve the infrastructure to go alongside it. Most house building is just councillors desperate for the cash hit and probably bungs from developers.
I’m in the process of buying an apartment now. 6th floor, 98sqm, 20 mins from the CBD.
1,890,000,000 dong. Paying cash and no mortgage
Plus 3 blowjobs a day from a live-in local.
The Vietnamese housing ladder is probably literally a ladder. 6th floor, eh? Keep climbing.