Mick Mac Wrote: ------------------------------------------------------- > When I was told tonight that Finsbury Park was > more expensive than East Dulwich, I knew ED was > nothing special and that this thread was > pointless. > > It's the market stupid. StraferJack Wrote: ------------------------------------------------------- > Bit callous mick > > I wonder what, say, your mortgage is like compared > to people buying a house now > > Of course north london and other areas are > significantly more expensive but that's missing > point a bit. If houses in an historically cheap > part of town are out of reach for most people just > saying "it's the market" doesn't solve anything Callous SJ? eh? Not sure what my mortgage has got to do with anything - its an objective opinion being expressed. It's the market stupid - ie like "It's the economy stupid" - Point being 1) East Dulwich is nothing special and 2) East Dulwich is not particularly expensive, its just the market and as dreary Finsbury Park demonstrates it hasn't affected ED in any special way. Hence trying to buy a house in this area is near impossible ..... well, buying a house in any other area bordering zone 2 or closer, is even more impossible, which cuts to the heart of this thread. As regards, being out of reach of most people - "most" people don't set the prices, the prices we see are set by those who can afford to move and actually do move. I'm not one of those. If everyone was moving, the prices would reflect what everyone can afford to pay. The trouble is that the people who can't afford to move are looking at prices set by those who can, and there is obviously going to be a mis-match.