@HouseHoxton@UKPropertyTruth Agreed that the address isn’t the problem, but is it really the management company’s fault or does it all boil down to government policies?
@UKPropertyTruth 5 figures a year in service charges, and it keeps rising. I don't think the address is the problem. Who operates the management company? Ballymore?
Pan Peninsula. 40th floor. Canary Wharf views.
Bought for £1.4m in 2018.
Sold for £950k in 2025.
£450,000 gone in 7 years.
The S&P 500 would've turned that £1.4m into £2.7m.
Would you still buy in Canary Wharf?
🚨 Confirmed: Luka Modrić will sign in as new AC Milan player after Club World Cup ❤️🖤
The verbal agreement is done and sealed with medical to follow in July, exclusive story confirmed since start of June for Luka’s future.
…and 𝐡𝐞𝐫𝐞 𝐰𝐞 𝐠𝐨, soon. 🧞♂️🇭🇷
@bswud I’m guessing the ratio takes the average gross wage across the country? I’m assuming if you plotted this based on the average net wage the lack of affordability in the modern age would be even more stark (given far greater income tax leakage compared to the early 20th century).
Before 1940, housing in the UK got cheaper like any other good, as technology made land more productive (steel frames, reinforced concrete, electric lifts), and more interchangeable (buses, trams, cars, roads, railways). That all stopped after the Second World War. 🧵