(Daily Doom) UK on a knife edge

[Bagpuss]

Then the north isn't far behind in property prices now. A 4 bed detached (the current pinnacle of common housing up here) is now well over £200k, some newbuild boxes are closer to £250k.

So because the average salary up north is still some way behind down south, it's no longer cheaper to live up north!

Before the housing boom a 4 bed detached was under £100k up here, whilst down south (e.g. St Albans, on the mainline into London) they were around £250k IIRC.

No wonder there's a migration from north to south.

In the north west many areas are now more expensive than east Herts, that area hasn't really gone up like some of the South East. I think over the last few years there has been a heavy shift from South to North, maybe it's just starting to reverse again. But, I hear lots of southern accents round here these days.

[Francko]

not necessarily

Then

WE ARE DOOOOOOOOOOOOOMED, DOOOOOOOOOOOOOOOOOOOOMED!!!!

[Fred Bloggs]

I am relieved that my mortgage (which is less than most people borrow to buy a car) is paid off next January. I am concerned about the future prospects for my teenaged kids though.