Kate " Anyone who got pregnant in the 80s had to leave because there was no social housing available"
The Rebel :- I agree, when supply and demand failed, but even then if you lived in a 10 mile radius of Westminster the free accommodation is now worth a million.
Anyway I think you missed my point Kate. Your daughter is working and therefore independent. My point was a pregnant single mother in the " eighties" in central London was provided with " ownership" of housing, that sadly the highest earners can't now afford.
Also Kate your figures are way out £250,000 will not buy you a one bed flat in London. Maybe In Highbury and Bethany Green you might get a one bed for £ 300,000 but they are ex-council and once again my point is, the owner of those properties are often ex-single mothers given the property in the 1980s and those owners now own properties worth a million.
I am not being rude here Kate, but money invested in property is based on location. I also think it very wrong, that your daughter who works hard and earns a reasonable wage can't afford a property in a location where many who own property in that location, do so simply by getting pregnant.
p.s Kate we were lucky, we grew up in " Bushey" & " Rickmansworth" and you delivered newspaper to " George Michaels" parents. Anyway I worked hard for the properties I own, but I was lucky I worked hard to own properties in London not Rochdale.
Its a simple fact if you want to make money then buy property in a capital, or a major city. This is always the better place to make an investment than a local home village.