Here's an Oobject gallery of "Depressing million-dollar London property" -- houses and flats for sale at or above the million dollar (£650K) range. It's true that London's residential property hasn't fallen as precipitously as the US equivalent, but commercial property is sure down a big notch; today I'm signing the lease on a new office in the same building as the London Hackspace, next to a train station and a public bicycle lockup, with a loading bay, lift, balcony, sink, etc, that's twice the size of my old office in a shitty Clerkenwell building -- and paying the same as I've been paying to date for all those extras (added bonus: it's only 10 minutes' walk from the (grotesquely overvalued) flat!).
Shown here: "Near the Arsenal football club, this utilitarian looking squat box was originally designed for blue collar workers, now it probably contains a lawyer."
Its October 2010 and Chinese property booms while most of the Western world's houses have shrunk to more realistic levels. In the US, homes have ceased to be ATMs to buy oriental barbecues, but in Britain, a crowded island with a cultural attachment to carving out a personal defensible space Englishmen's homes are still castles, with prices to match.
depressing million dollar london property
As US housing prices adjusted, UK ones, faltered then regained their losses smack in the middle of the recession. This time things look different, with last month seeing the largest dip in housing prices in history. Perhaps prices in Britain will go up forever, or perhaps Britain will be like Japan, another crowded island which had the same phenomenon and where eventual capitulation resulted in a crash where property is worth less than a decade ago?
One way to judge judge this is to look at what a million dollars gets you in London and its hinterland - a place where an apartment recently sold for a quarter of a billion dollars during the biggest downturn since the Great Depression. Click through each item to read the justification for inclusion.
The company says it will start selling Caramel Crunch and Thin Mints breakfast cereals in January. It’s not clear how the deal is structured and whether the cereals will be promoted as a way to make a charitable contribution to the Girl Scouts.
In a deal reportedly worth “more than $30 million,” The New York Times announced today that it has purchased The Wirecutter and The Sweethome, consumer product review sites created by our friend Brian Lam. Congratulations, Brian and team! You built something amazing and we can’t wait to see what you do next.
A whistleblower has provided The Intercept with leaked documents about Endace, an obscure New Zealand company based in Auckland, revealing that the company — which received millions in government funding — developed the mass surveillance equipment used by the UK spy agency to engage in illegal mass surveillance on fiber-optic lines that traverse the UK, […]
Geek Fuel is a subscription delivery service that caters to those of us that love comics, gaming, and general geek culture. Every month, Geek Fuel will assemble a box of goodies with a value of $50 or over. The specific items are a mystery, but you’ll always get an exclusive t-shirt not found anywhere else, a full […]
If you like to DIY and you like helicopters, you’re going to really love the Flexbot Hexacopter Kit. This copter blows traditional models out of the water: it includes everything you need to actually build your own hexacopter, and then pilot it like a pro, too.The construction is complicated enough to give you a challenge, […]
This week’s top deals from the Boing Boing Store range from lobster to wine to desk organization. 1. Get Maine Lobster (50% Off)With these discounted packages from Get Maine Lobster, you can experience the sweet, fresh flavor of world-renowned Maine lobster right at your own dinner table. There are four options to choose from, each at […]