[user104658]

Originally Posted by DemolitionRed

I agree with everything you have said TS but wanted to add to the bit I’ve quoted.

If you live in many parts of London, you will only get a studio or flat share for that sort of money and if you wanted to buy, 100k would get you a 1 bed flat in a high rise in a really ****ty end of London.

My parent’s first 3 bed house in a fairly nice area of west London cost them 17k. That same house would now sell for around 500k. Half a million for a frigging terrace that is little more than a starter home!!

At this point London is just off the charts. My company actually pays a "London Premium" of something like an extra 20% to London-based employees, and apparently that doesn't even come close to covering the difference in cost of living.

I'm in Scotland where, historically, property has been "cheap" but there have been large increases in recent years. £100k would get you a pretty decent house in some towns still, but I live in a rather affluent little village where property prices are generally pretty inflated. Still, I'd rather live in a crappy house in a nice place than a palace in a dump .