A word of warning: Mike Shedlock (where I found this) points out that the US is too diverse to make these statistics precise and universally applicable. I would say the same for the UK, small as we are. Nevertheless, it corroborates my feeling that houses are generally still too expensive here.
Addendum (19:37): Charles Hugh Smith gives some reasons why owning a home may not be the Holy Grail, anyway. I was suggesting selling up and buying a caravan to my dearest some years ago, but women love plumbing.
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2 comments:
I bet they aren't over-priced in Acocks Green though. But if Brum is ever linked effectively to London with a proper road and rail sevice (after all its only 110 miles) there is a housing stock there that is grossly undervalued. Birmingham suffers from chilternsblight.
How lovely to hear from you, HG. How are you?
Good point about Bham getting drawn into the Golden Triangle - probably just after we move.
But houses still overpriced here, too, a bit - 3 bed semis, anyway.
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