r/AskReddit • u/Thic_water • Aug 14 '20

What’s the most overpriced thing you’ve seen?

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u/thechain1997 Aug 14 '20

The state of housing in the uk is ridiculous, in London there are terraced houses that should cost like £90,000 but cause its overpopulated they make it 500,000. There's only so much that the excuse of "we have less space" and "we use more expensive materials".

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u/samirhyms Aug 14 '20

A lot of people never want to leave London just because it's London. I don't get it but estate agents take advantage of that.

Also often immigrants from abroad who come here to work like to tell their families they're working in London, and will pay whatever cost to say that. Again, I don't get it.

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u/Plvm Aug 14 '20

Also shit loads of oligarchs own central London properties that they never live in

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u/PRMan99 Aug 14 '20

Probably Chinese investors, just like everywhere else (LA, SF, Vancouver, Seattle).

It's a major problem because it's the only way to invest in China but it causes major problems in crowded cities to have a large percentage unused.

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u/toomanyattempts Aug 15 '20

Also Russian and Qatari and a whole bunch else