Originally posted by DimPrawn
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Reply to: Recession Row
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Previously on "Recession Row"
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Originally posted by gingerjedi View PostI love the way they reinvented the 'townhouse' so they could squeeze a 3/4 bed onto a 2 bed plot, I just don't understand why people buy these when they could get a larger and better built house in an established area for the same money.
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I love the way they reinvented the 'townhouse' so they could squeeze a 3/4 bed onto a 2 bed plot, I just don't understand why people buy these when they could get a larger and better built house in an established area for the same money.
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Originally posted by gingerjedi View PostI guess you're right but I don't understand why a new 3 bed cost the same or in some cases more than my house when mine was built in the 20's on a hill with nice views as opposed to a former landfill on a flood plane, did they really pay top dollar for these sites?
a) get developers to clean up environmental mess
b) keep houses off greenbelt so that we don't think the place is overcrowded, because it's going to have to get a lot more crowded with their cunning plan to cover future pension liability
c) make new houses expensive so as to avoid undercutting present house prices, our only source of (the feeling of) wealth. And a source of government income.
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Originally posted by DimPrawn View PostIt's the land cost. They need to sell that at a high price as they paid a fortune for the land. And then the huge bribes to get the planning through.
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Originally posted by Purple Dalek View PostActually, yes. You need to look at the real rate of inflation, not the government bollox. IIRC raw building materials have risen at an even higher rate for a good few years now.
Also, planning enquiries for an estate like that cost a fortune these days, and so does all the work required for laying in amenities such as roads, water, gas, electricity, sewage etc.
Edit: If it was a brownfield site, they'd also have had to pay to demolish and possibly decontaminate the previous occupation and landscape the area.Last edited by OwlHoot; 13 November 2008, 12:52.
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Originally posted by gingerjedi View Post10 years ago you could have bought a new 3 bed semi for an average of £60k, how come they can’t knock em’ out at a profit now? Just because house prices are significantly higher surely the cost of actually putting the thing up hasn’t changed to the same degree?
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Originally posted by BrilloPad View PostI do wish the DAily Mail covered this story - I want to know what the houses are worth......
http://www.dailymail.co.uk/news/worl...s-holiday.html
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Originally posted by gingerjedi View Post10 years ago you could have bought a new 3 bed semi for an average of £60k, how come they can’t knock em’ out at a profit now? Just because house prices are significantly higher surely the cost of actually putting the thing up hasn’t changed to the same degree?
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Originally posted by gingerjedi View Post10 years ago you could have bought a new 3 bed semi for an average of £60k, how come they can’t knock em’ out at a profit now? Just because house prices are significantly higher surely the cost of actually putting the thing up hasn’t changed to the same degree?
Leave a comment:
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10 years ago you could have bought a new 3 bed semi for an average of £60k, how come they can’t knock em’ out at a profit now? Just because house prices are significantly higher surely the cost of actually putting the thing up hasn’t changed to the same degree?
Leave a comment:
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I do wish the DAily Mail covered this story - I want to know what the houses are worth......
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