Thats insane. 
Needless to say, we're looking to leave in the next few years. Not sure where yet, but probably farther north, someplace where you need a car to get to work.
It's not so much the prices, b/c they're so far beyond what we'll ever earn buying is a non-issue, it's the fact that the rents are obscene.
Flats in this part of town regularly sell for £200,000+. One beds for £115,000+. And this isn't the creme de la creme, I might add. The traditional tenement 2-bed across the street just went for £183,000. It's two floors up, no lift, no off street parking and single paned windows. No central heat, either.
There's a converted loft being reconfigured down the street - two beds start at £237,000 and there are 'under offer' signs up in the windows of many units.
The things aren't even close to finished yet, either and they're across the street from a pub where there have been 3 murders in the past 5 years and next to a council tower block.
We have off street parking - no garden. Just our basic costs, rent, council tax and power, are now £715/month - and that's w/capping our power bill till 2007.
That's seen as pretty reasonable for a two-bed, 2nd floor unfurnished.
Our wages are not weighted.
Can't really see a future for us here, anymore. The council is having to close 6 primary schools due to falling enrollment.
Families flee in droves to East and West Lothian, the Borders, Central Belt and Fife.
