Why are house prices so high when the economy is dire?!!?

[bil]

Louisa Wrote:

-------------------------------------------------------

> I personally believe East Dulwich has hit it's

> ceiling, and would have done so regardless of the

> credit crunch. The only reason prices are

> remaining stable is because of demand/supply, just

> basic economics really. The lack of tube, poor

> transport links relative to other inner London

> areas and a high street still lacking many major

> retailers (primarily down to lack of space) will

> mean that this area will now remain stable for the

> foreseeable future.

>

> Louisa.

Patience is a virtue they say....and each time i have to wait 15-20 minutes for a bus to take me to denmark hill station, my virtues are tested. Life is short! Public transport is too slow and expensive. ED is such a great place to live but transport sucks so unless you live close to the stations, getting into London is such a pain. It is much faster if you drive. The bus journeys into London are too slow and long and all pass through camberwell, where regularly people evade fares which sometimes delays the whole journey when drivers refuse to continue...

it is too late for me but if u do buy here live as close to the stations as you can afford especially PR and denmark hill which as previously mentioned are well connected.Plus once the overground arrives it will only be 2 stops to canada water, 3 stops or so to clapham juntion and 20 mins to Shoreditch...prices could increase further in those areas as the links improve...(moan over :-$)