Waitrose Causes Problems For New Home Buyers.

[mikey4444]

http://www.bbc.co.uk/news/business-32166019

This was always touted as some kind of urban myth but it seems that it is true. Waitrose aids and abets the already too high house inflation problem. So first time buyers will find it even more difficult to but a home. And they will have to pay more for their weekly shop !

Look for a home near an Lidl would seem to be the answer.

[petal54]

we have both

[mikey4444]

Petal....we don't have any Waitrose's at my end of the M4 in Swansea, despite their being plenty of people who have more money than sense (tic)

But we do have 4 Lidls and 2 Aldis ! And I am just about to visit the Penzance Lidl ( if they are open, of course, this being Good Friday ! )

[ToraToraTora]

the waitrose near me has a lidl directly opposite so I guess they cancel each other out!

[jno]

I don't think this is news

http://www.dailymail.co.uk/news/article-2316665/Waitrose-effect-Living-near-supermarket-add-value-home-according-research-Savills.html

(apologies for the Mail link; I will now go and wash my hands)

[mikey4444]

TTT...once in a while, the normal kind of Waitrose shopper would never be seen dead in Lidl, but not now. I have just come back from the Penzance one and there were quite a few cut-glass accents to be heard, buying the Reindeer and Kangaroo steaks !

But I do like Waitrose Sparkling Zesty Lemon marmalade, and I stock up whenever I am near a store. But please don't tell Naomi, as she will accuse me of being a Champagne Socialist !

(tic)

[Gromit]

This is of a bit chicken and egg story.

Supermarkets are not located by accident. Before a plot is chosen and a supermarket built, the democraphics of the local community are studied. Is the local community big enough to sustain a supermarket, how affluent are they? What is the mix of affluent and poor?

So it is not really coincidence that John Lewis stores are located in postcode areas that have more affluent people in them, and therefore higher house prices locally.

[Baldric]

We still own a property in Sandwich (East Kent) lost our Tenant there about 6 months ago, it's sitting empty atm. Normally we would have sold and bought another Rental nearer home, 20 miles away, but there is a Planning Application in for a Waitrose about 400 yards away from the house, so we will just hang on for a while.

[New Judge]

How did you get from Penzance to Swansea (which must be all of 250 miles) in a little over two hours, Mikey? Have I missed something?

Does the ferry still run from Ilfracombe to Swansea (or was it Cardiff)? I know there was a plan to start a catamaran service across the Bristol Channel. Didi it ever get going?

[Gromit]

Baldrick,

I doubt your property will rise 12% if planning permission is given. I suspect the propert values in that area are already 12% higher than other parts of town.

[mikey4444]

Sorry NJ....I am down in my caravan here in Cornwall, and have been for the last 10 days. I thought that was generally known here on AB.

Actually, its 273 miles, door to door !

[Old_Geezer]

Hardy aiding & abetting. Folk will aways offer more for something they value more. First time buyers these days seem to believe they have a right to immediately afford a luxury home of their dreams, and seem unable to comprehend we all start with what we can save up enough to almost afford, and improve it as we age.

[Old_Geezer]

ALWAYS
Like was typed.

[New Judge]

Sorry, Mikey, didn't know. I thought you must have bought a helicopter !!!

Have a good time!

[Svejk]

Mikey does wonders on the minimum wage, NJ. But a helicopter?

[naomi24]

And why not? He's a champagne socialist. ;o)

[bednobs]

i don't get how if the homes are in easy reach of waitrose, why others in the "same area" are not.

[mikey4444]

Naomi....I had a bottle of Cava from Lidl last night.....just how far down the road to being a Champagne Socialist does that make me ? (!)

[Old_Geezer]

Ah; it's all just fizzy wine. You seem to have joined the club ;-)

[naomi24]

Mikey, just a little nudge from your comment on another thread. Perhaps I should have said a wannabee Champagne Socialist. ;o)

[New Judge]

Is it "Arestel" with the white label and top, Mikey. Got a couple of bottles on my wine rack and had one last night. Very quaffable.