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**romalama** · 03-03-2006, 12:19 PM

Wow, it must mean that London is better.

Honestly, I cannot go a week without meeting a Britisher who wants to move to the USA, or somewhere warm like Thailand or Australia.

Was that chart supposed to mean something to us?

In respect of property prices, big deal. Literally, Big Deal.

Especially in London, its a Big Deal for the agents who are getting rich.

The increase is an aberration based on the fact that people can borrow more money more cheaply; sellers therefore will ask a higher price. It doesn't mean anything.

From another perspective, would you prefer to live in London, or say, a tropical paradise like Bora Bora?

Property is much cheaper in Bora Bora, and you have a lot more beach too.

High prices on paper don't mean anything except for people who own property and think that they can justify borrowing more to finance cars, holidays and other consumables just because there is a bubble.

03-03-2006, 12:19 PM	#14
romalama Join Date Oct 2005 Posts 400 Senior Member	Wow, it must mean that London is better. Honestly, I cannot go a week without meeting a Britisher who wants to move to the USA, or somewhere warm like Thailand or Australia. Was that chart supposed to mean something to us? In respect of property prices, big deal. Literally, Big Deal. Especially in London, its a Big Deal for the agents who are getting rich. The increase is an aberration based on the fact that people can borrow more money more cheaply; sellers therefore will ask a higher price. It doesn't mean anything. From another perspective, would you prefer to live in London, or say, a tropical paradise like Bora Bora? Property is much cheaper in Bora Bora, and you have a lot more beach too. High prices on paper don't mean anything except for people who own property and think that they can justify borrowing more to finance cars, holidays and other consumables just because there is a bubble.
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