[Here’s the Rightmove listing](https://www.rightmove.co.uk/properties/127946717). It has no mains water or electricity, and shares toilet and shower facilities with other huts. There’s also a £4,500 annual council fee.
There have been other beach huts in the area selling for similar prices over the last couple of years.
These huts are basically a status symbol for the local millionaires.
cost of living crisis? what crisis…??? capitalism is good….. for some.
What would the insurance premiums be on this? It’s clearly not actually worth £440k, it’s empty most of the time, in a public space, exposed to the elements and is probably a tinder box.
How can I short this specific ‘housing’ market?
The chance of these things having value when 7% interest rates are a thing is 0.
Houses in Christchurch are ridiculous, it’s really messed up for young people as they have no choice but to leave the area because even small flats are £20K+ and in short supply. The area is full of people who have retired to the area or bought a second home, who then act as if their needs are more important than people born and raised in the area.
It’s rare that you are permitted to sleep in them!
Our family had one decades ago and you couldn’t sleep, and couldn’t use cooking equipment, really was a useful shelter to get changed in at the beach and to get out the wind/rain/rare extreme heat.
Jeeves fetch my coin!!!!!! To the earthly paradise that is fucking Mudeford….
8 comments
[Here’s the Rightmove listing](https://www.rightmove.co.uk/properties/127946717). It has no mains water or electricity, and shares toilet and shower facilities with other huts. There’s also a £4,500 annual council fee.
There have been other beach huts in the area selling for similar prices over the last couple of years.
These huts are basically a status symbol for the local millionaires.
cost of living crisis? what crisis…??? capitalism is good….. for some.
What would the insurance premiums be on this? It’s clearly not actually worth £440k, it’s empty most of the time, in a public space, exposed to the elements and is probably a tinder box.
How can I short this specific ‘housing’ market?
The chance of these things having value when 7% interest rates are a thing is 0.
Houses in Christchurch are ridiculous, it’s really messed up for young people as they have no choice but to leave the area because even small flats are £20K+ and in short supply. The area is full of people who have retired to the area or bought a second home, who then act as if their needs are more important than people born and raised in the area.
It’s rare that you are permitted to sleep in them!
Our family had one decades ago and you couldn’t sleep, and couldn’t use cooking equipment, really was a useful shelter to get changed in at the beach and to get out the wind/rain/rare extreme heat.
Jeeves fetch my coin!!!!!! To the earthly paradise that is fucking Mudeford….