From The Daily Mail:
* Derek Wright and Christine Burford wanted to retire in Kent from Huddersfield
* They could not afford the house prices so bought a plot of land for £160,000
* Mr Wright, 71, then set to work building a three-bed home, despite no experience
* Couple are now living in a modern, personalised home which cost £108,000
... despite a series of hiccups along the way, the couple ended up with a personalised, ultra-modern home, which they say would have cost them £200,000 more if bought ready-built from an estate agent.
Fuck off, it did NOT cost £108,000, it cost £268,000. Can these people not add up?
If a ready made home would have cost £308,000 then their £40,000 saving is basically their wages/profit for the effort they put in building it and the risk they took with their own cash. In the light of events, that's not much of a reward. And they saved a fair bit of SDLT, I suppose.
Land prices, truly the elephant in the room, people just refuse to mention the topic to the extent of pretending it doesn't exist.
Wednesday, 1 March 2017
Economic Myths: "Party-loving couple build their OWN ultra-modern home for just £100,000"
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4 comments:
"shakes head in wonderment"
Also, of course, no mention that it wasn't that long ago that you could have bought the plot and built the house on it for £160,000.
Looking a Zoopla its £450K but I see your point.
L, you and me both.
B, that's the magic of deregulation.
D, I was too lazy to work out where the house is and work out what the average price was, so I based my assumptions on those in the article. The crazy assumption being that the cost of the plot is entirely irrelevant and not part of the cost of the house.
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