No, not quite

HOUSE-hunting millionaires should head North for more than four times better value, according to the Halifax.

A prestige property on the dearest street in the South costs more than £5million but a similar deal in the North is just over £1million.

This is of course to ignore the point continually made by the (us?) land value taxers.

The value of a particular property is set by the value of the community around it. So of course places in the north are cheaper for they\’re north of Watford Gap. You know, flat cap emporiums, whippet flange mills and strange comestibles like Ecky Bah Thump. Whereas south of The Gap we have civilisation.

5 comments on “No, not quite

  1. Larf.

    You have it so right.

    In 2004 I left my Hubby and the 4 bedroom, 3 reception room, stone built cottage that we bought for £80,000 (in 2004).

    Friends and family told me I was stupid for leaving such a wonderful property. It would be worth at least £350K down here.

    I replied, it’s not down here, it’s up there.

    It was a lovely house but was surrounded by flat cap emporiums, whippet flange mills and strange comestibles like Ecky Bah Thump.

    I have this vision in my head of Simon Cowell buying a big northern property and then being horrified that the locals didn’t speak english, ate stotties and still blamed Margaret Thatcher for every ill that ever befell them, even though they have voted Labour for the last millenia.

    Chuckle

  2. The value of a particular property is set by the [perceived] value of the community around it

    Corrected for accuracy there.

    Can’t get much further south than where I’m from and still stay in England (the point at the bottom of Devon), and I’ve lived in London and a few other places as well.

    I’m now in Yorkshire. Much much better. Stronger sense of community, better pubs, substantially better beer, and I’m still not sure I know what a whippet actually looks like.

    Standard of life is a lot better up here overall. Sure, employment prospects not currently so good, but the reduced cost of living makes that less of a factor; when I’ve not got work on, we can still keep our head above water with my fiancée’s income as a barmaid, couldn’t do that down south.

    Fully functioning markets require close to accurate information–this perception that it’s grim up north distorts the market. In favour of those of us that know it ain’t true 😉

  3. Pingback: Ah, Americans

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