View Full Version : Ridiculous House Prices

May 27th, 2008, 06:11 PM
Worlds most expensive property prices finally cooling:

$400,000 is cheaper than cheap in London (about $150,000 below average small property price). Even though the prices have cooled it would buy you a one bed flat in a project, in the outskirts. :(

What rowhousing buys you in the endless suburbs (definitely not upmarket areas either), near 10 miles from the centre. Bear in mind last year these places would have been worth $60,000 more, after a decade of climbing price hikes.
These are now seen as bargains:

3 bed rowhouse $850,000

4 bed rowhouse $900,000

5 bed semi-detached $1.7 million

However in central London, the prices go up staggeringly.
Its the most expensive land in the world:

7ft 6 inch by 3ft 4 inch studio (with toilet under the shower under the bed), $210,000

6ft by 12ft sized room unfurnished, $345,000

single room studio in this rowhouse, $610,000

2 bedrooms, ex stables block in row (stoop to get in the door): $6 million

ex-office, needs total refurbishment and conversion (and windows?), end of row $6 million

5 bed rowhouse, $12 million

6 bed, end of row:
$13.22 million

large end of row, unspecified bedrooms, $50 million
http://imagebank.ipcmedia.com/imageBank/cache/s/sitescountrylifefeedsdatafeedsknightfranktmp207152 _KEN060206_IMG_03_e_3e4c95b3ff1ef50b4e6445e952d5ac cd.jpg

12 bed but possibility for up to 40, single rowhouse (every 5 windows along is a new house): $120 million
^These very rarely come on the market, one offer of $400 million was refused though it would have made it the most expensive property on the planet.

12 bed detached mansion (no rowhouse mate), $128 million

penthouse overlooking Hyde Park, $210 million (normal flat here $50-$170 million)


^It is thought that each flat is fitted with bullet-resistant walls and windows. There is underground parking for 115 vehicles and private lifts direct to each residence. The site will also have an underground passage to the near-by Mandarin Oriental hotel, where 36 staff will be on hand to cater to residents’ needs.

Unbuilt conversion of an art deco office into 6 apartments, in St James' district, $240 million, the most expensive property sold in the world:


http://property.timesonline.co.uk/tol/life_and_style/property/article3559490.ece (http://property.timesonline.co.uk/tol/life_and_style/property/article3559490.ec)

Large upmarket districts include Chelsea , Kightsbridge, Holland Park, Clerkenwell, Kensington, St James', Marylebone, Fitzrovia, Piccadilly, St John's Wood, Mayfair, Bloomsbury, Notting Hill, Hampstead, Highgate, Richmond, Twickenham, Kew and Belgravia:

Chelsea and Knightsbridge:

May 27th, 2008, 06:11 PM
Its not what the prices are, but what you get for them, bearing in mind British homes are far smaller than North American counterparts:

May 2008 (double the price for $)

Greater London
Average Cost: 358,500
Detached: 754,485
Semi-detached: 408,264
Terraced: 377,503
Flat: 307,063

Change in last quarter: 0.6%
Change in last year: 5.5%
Sales: 22576

The vast majority of Londoners commute to the centre, with population densities in some areas as low as 4000 residentially per sq. mile rising to 400,000 by day, few can afford otherwise.

You should see other prices, random things:

bunch of grapes, $12
entry to a nightclub on Saturday (and 500,000 happily pay), $40 ($20-30 any other night)
cocktail, $24
bottle of beer in a bar $6
single entrance ticket to 15 (out of 650) Buckingham Palace rooms: $32
cheap single hotel bed in centre $110

According to the National stats office the average salary in London is $86,000 a year ($210,000 in the richer areas). If however you read between the lines as there are literally millions of millionaires, the real wage for the average Londoner is about $50,000.

June 2nd, 2008, 07:15 AM
Yup, it's an expensive town.

Look at it this way, whenever we travel, EVERYTHING IS A FABULOUS BARGAIN!!! :D

When I lived in the midwest (half a lifetime ago) a MCD burger was like 50 cents. I went to NYC and in midtown it was closer to 3 dollars.

Dunno where you got a 12 USD bunch of grapes. A bunch of grapes at, say, Sainsbury's is certainly not 6 GBP....

June 2nd, 2008, 07:37 AM
no its not, but in Marks & Spencer it is. There aint alot of supermarkets in central London (loads in the outer boroughs).

June 2nd, 2008, 03:50 PM
What's the per pound price? A "bunch" sounds pretty vague.

June 3rd, 2008, 07:45 AM
Bunches of grapes at Ocado (Waitrose) best supermarket chain (home delivery) in the UK: about 5.5/6 US$. I assume it will be less when grapes are in season somewhere closer than Paraguay....

June 3rd, 2008, 09:09 AM
Cost of seedless green grapes in NYC vary greatly.

Prices below are from this week at markets within an 8 block radius. ...

Dean & Deluca ( :eek: ) : forget it

Gourmet Garage: $3.99 / pound

MET: $2.99 / pound

Fruit Stand @ Houston & Broadway: $2.99 / pound

Chinatown: $1.99 / pound

June 3rd, 2008, 10:01 AM
I dont know how heavy they were- not great at weights, but they were a little bigger the size of my outstretched hand. Is that a pound?
They were also selling $6 for a teeny snack sized vacuum packed 'bunch', the bolus about palm sized.

Ill take a pic next time.

June 3rd, 2008, 01:52 PM
I just find it odd that prices aren't given per pound. That seems to be the standard in most stores I've been to.

June 4th, 2008, 01:17 PM
Strange, maybe, but not completely uncommon.

I have seen bunches of lettuce, broccoli, asparagus and other items given by the unit collection and not by the pound. Other items have been that way, such as lemons (2/$1.00) but apples are done by the pound.

No real logic...Maybe they just developed from a previous pricing scheme....

The Benniest
June 4th, 2008, 07:45 PM
It seems like everyday or every other day, the New York Times will release new articles in their Real Estate section that includes pictures and information about extremely expensive homes. And...I'm getting the feeling it's just to make people jealous. :p

This (http://www.nytimes.com/2008/06/04/greathomesanddestinations/04gh-what.html?_r=1&oref=slogin) was just one on there today.

June 5th, 2008, 09:51 AM
Woiuld it be elitist to describe the hosues shown above ^ as unbelievably tacky?? (The actual building in the LA one is pretty decent, but the Iowa hosue looks like a very large garden shed....). :p

Cosnidering 1) its attributes and 2) that it's in Iowa, I think it's poorer value at 500K US$ than a 2 mn US$, brick and wooden beam, 1900 house in London... :cool:

The Benniest
June 5th, 2008, 10:46 AM
Well, being that I live in Iowa, I have driven by this house (live about 30 minutes away from it). When you drive by it, it does not look like a garden shed but more of a beautiful, beautiful house.

June 5th, 2008, 03:12 PM
Personally, i think the CT one looks....odd.

The Iowa one just looks like someone took a picture of their back porch. What's up w/that?