| Quote: | |  | |
| This , and if indeed it means people moving out of cities and rediscovery the joys of rural or at least suburban living , that should be supported by a drop in prices in inner cities which is not something I am aware of
Or a drop in rents for that matter . Remember rents and purchase values correlate | |
| | |
Only if the return is to stay the same. In today's environment the price can increase if rent is flat because buyers keep accepting lower returns (including the imputed return one's hypothetical rent represents).
This is pretty much what's happening.
The (grand)parent generation fuels this by not moving to a smaller dwelling once the children have flown off. Probably the large majority of the grandparents who still live "independently" (i.e. outside of care homes etc) live in what used to be the family home. What may have equaled 20-30sqm per person back then is 60sqm or even 120 today, so the children need a new build when they start their own family rather than the existing homes being handed down to the next generation. I bet Kittster's neighbors reflect this pattern completely, too. My Mom lives alone in what used to be a 7-people dwelling, it's her home.