RE: £50K for a parking space
Discussion
adzpz said:
Speaking as someone who lives in west Cornwall there are better seaside towns to live in around here that don't attract the silly premiums and are less spoilt by tourism. Anyone who lives in Cornwall will tell you that St Ives is probably one of the last places you would choose to actually live.
Agreed. Just don't let the emmets know the best beaches and coves. Durdathe whye.I agree with other locals - St. Ives isn't really that nice for the money. Better than Newquay, though! Parking there is a nightmare, and it does get rather crowded in the summer, and other school holidays. Despite that, it is a pretty safe place to live now that the flood defences have been upgraded. Many Cornish towns have been blighted by large developments of low-cost housing (after incomers have bought up all the older properties), but St. Ives remains largely unspoilt.
It's also very cheap compared to the better parts of London. Ideal for the agoraphobic Londoner.
The estate agent mentioned (Jon Harvey from Bradleys) was the chap who handled the sale of my last house, and sold me my present house. Very nice guy, not a typical estate agent.
It's also very cheap compared to the better parts of London. Ideal for the agoraphobic Londoner.
The estate agent mentioned (Jon Harvey from Bradleys) was the chap who handled the sale of my last house, and sold me my present house. Very nice guy, not a typical estate agent.
I remember seeing a garage sell for £600.000 in Chelsea last year.....which makes these parking spaces seem like a bargain. I mean £600k for a 1 car garage, there are only 4 professions that would allow someone to pay that for a parking space. An arms dealer, a slum landlord, drug dealer or footballer....Unfortunately my application for all 4 professions was declined.
masermartin said:
to3m said:
Well, simply having a garage might not be enough 
- and damaging your car while parking in it might not be the precise reason for the effect (it's probably just one of a whole load of reasons), but you can be sure the insurance companies wouldn't offer lower premiums for parking outside the garage, unless it were true.
OK I must not live in the right part of the country to benefit from being too lazy to put the car in the garage, my insurance is significantly lower because of it. - and damaging your car while parking in it might not be the precise reason for the effect (it's probably just one of a whole load of reasons), but you can be sure the insurance companies wouldn't offer lower premiums for parking outside the garage, unless it were true.But, even just thinking about it for a sec, how does that work? Can I egg the car if it's in a garage? Can I slash it's tyres or roof (if you've got a convertible)? Can I brick the window and steal the stereo? Can I pour paint stripper on it? Is it going to get the door mirror kicked off? Is it going to get clipped by a delivery driver or a bus? Is it going to get scraped by careless passers-by? Is it going to have a grimy traffic cone dumped on it on Saturday night? Is it going to have a drunk driver plough into the back of it on a Friday after closing time?
I hear the sound of chains being yanked, tbqh.
ETA - Don't forget that should you fall victim to one of the above acts of vandalism, and have the temerity to claim for it, your premium will go UP because "it was your choice to put the vehicle in a compromising position".
(This doesn't have to happen very often for it to become expensive for the insurance company, what with a new car usually costing a lot more than even several years' worth of insurance premiums.)We could speculate all day, but there's no point thinking too hard what the reasons for it might be. It could even be nothing at all to do with the garage, just that if you're the sort of person who puts your car in the garage, you're then 2% more likely to fall asleep on the motorway and cause an expensive pileup. There doesn't have to be a causative relationship between you putting your car in the garage and you costing the insurance company more money; the maths just finds the relationships that are there, not an explanation for them, and that's all they care about... they're insurers, not philosophers.
Living in Clifton, Bristol, it's the students who leave their cars parked for weeks at a time, then are surprised when they've been broken into because they left their Jack Wills jacket on the back seat for a fortnight - this shags up premiums for the rest of us - the thieves know where to come for an easy time!
But, even just thinking about it for a sec, how does that work? Can I egg the car if it's in a garage? Can I slash it's tyres or roof (if you've got a convertible)? Can I brick the window and steal the stereo? Can I pour paint stripper on it? Is it going to get the door mirror kicked off? Is it going to get clipped by a delivery driver or a bus? Is it going to get scraped by careless passers-by? Is it going to have a grimy traffic cone dumped on it on Saturday night? Is it going to have a drunk driver plough into the back of it on a Friday after closing time?
I hear the sound of chains being yanked, tbqh.
ETA - Don't forget that should you fall victim to one of the above acts of vandalism, and have the temerity to claim for it, your premium will go UP because "it was your choice to put the vehicle in a compromising position".It could well be postcode-dependent. But it's not totally crazy; if your car is on the street, how long will thieves have out of view of passers-by to bypass the car's security? Once they're in the garage, they've got privacy, and in many cases they'll be able to gain access to the rest of the house. They'll might find the keys for your other car while they're there, and they'll know where to come in 2 months' time to pinch your replacements (This doesn't have to happen very often for it to become expensive for the insurance company, what with a new car usually costing a lot more than even several years' worth of insurance premiums.)
We could speculate all day, but there's no point thinking too hard what the reasons for it might be. It could even be nothing at all to do with the garage, just that if you're the sort of person who puts your car in the garage, you're then 2% more likely to fall asleep on the motorway and cause an expensive pileup. There doesn't have to be a causative relationship between you putting your car in the garage and you costing the insurance company more money; the maths just finds the relationships that are there, not an explanation for them, and that's all they care about... they're insurers, not philosophers.
to3m said:
masermartin said:
to3m said:
Well, simply having a garage might not be enough - and damaging your car while parking in it might not be the precise reason for the effect (it's probably just one of a whole load of reasons), but you can be sure the insurance companies wouldn't offer lower premiums for parking outside the garage, unless it were true.
OK I must not live in the right part of the country to benefit from being too lazy to put the car in the garage, my insurance is significantly lower because of it. - and damaging your car while parking in it might not be the precise reason for the effect (it's probably just one of a whole load of reasons), but you can be sure the insurance companies wouldn't offer lower premiums for parking outside the garage, unless it were true.But, even just thinking about it for a sec, how does that work? Can I egg the car if it's in a garage? Can I slash it's tyres or roof (if you've got a convertible)? Can I brick the window and steal the stereo? Can I pour paint stripper on it? Is it going to get the door mirror kicked off? Is it going to get clipped by a delivery driver or a bus? Is it going to get scraped by careless passers-by? Is it going to have a grimy traffic cone dumped on it on Saturday night? Is it going to have a drunk driver plough into the back of it on a Friday after closing time?
I hear the sound of chains being yanked, tbqh.
ETA - Don't forget that should you fall victim to one of the above acts of vandalism, and have the temerity to claim for it, your premium will go UP because "it was your choice to put the vehicle in a compromising position".
(This doesn't have to happen very often for it to become expensive for the insurance company, what with a new car usually costing a lot more than even several years' worth of insurance premiums.)We could speculate all day, but there's no point thinking too hard what the reasons for it might be. It could even be nothing at all to do with the garage, just that if you're the sort of person who puts your car in the garage, you're then 2% more likely to fall asleep on the motorway and cause an expensive pileup. There doesn't have to be a causative relationship between you putting your car in the garage and you costing the insurance company more money; the maths just finds the relationships that are there, not an explanation for them, and that's all they care about... they're insurers, not philosophers.
A few chaps mentioned earlier garages as investments.
As a "parasitic" property person i can add that an ex client of mine, Roger Dudding, has built up a 150M fortune by buying garages - he currently sits at 112th in the UK property Rich List.
He buys up blocks of "lock ups", lets them out, and when he has no interest, explores development instead.
Good business man, or a greedy F*cker, you can make up your own mind.
I would add he is a PH, has a collection of circa 70 classic motors and his latest project is classic car storage solutions.
As a "parasitic" property person i can add that an ex client of mine, Roger Dudding, has built up a 150M fortune by buying garages - he currently sits at 112th in the UK property Rich List.
He buys up blocks of "lock ups", lets them out, and when he has no interest, explores development instead.
Good business man, or a greedy F*cker, you can make up your own mind.
I would add he is a PH, has a collection of circa 70 classic motors and his latest project is classic car storage solutions.
Bladedancer said:
Just shows there are many truly dumb people with way too much money
Just because they can afford to spend £50k on something that makes their lives more convenient doesn't mean they are dumb, they're hardly going to be desperately looking down the back of the sofa to make up the last few quid, are they?You can park right on the harbour in St. Ives out of season, just watch out for the guano squadron. It has the best view of Godrevy Lighthouse and crab sandwiches and a pint or a pasty sitting there and watching the world go by is in my view a cool experience. If you want a spectacular beach go north to Perranporth -wonderful long golden sands, the village is looking a bit tired as the economy has faltered in Cornwall, a good B & B-ask for Patricia at Bolenna Court-fab wet room too! Good R8 dealer just outside Truro. End of trailer.
http://www.rightmove.co.uk/property-for-sale/prope...
Would it not be difficult to compete with spaces like these, working out £5k for a car?
This would be about reasonable to pay in the nice part of the end of nowhere.
Would it not be difficult to compete with spaces like these, working out £5k for a car?
This would be about reasonable to pay in the nice part of the end of nowhere.
Anyone who says negative things about St Ives has obviously not stayed in the Barnaloft or Piazza apartments that look over the best beach - Porthmeor. I've been pretty much every year since I was born and it's a wonderful holiday. The apartments look right over the beach which has the best sand I have ever experienced (compared to Caribbean, Greece...), it's just the right size (not vast like some Cornish beaches or too small), there's brilliant rock-pooling for the kids, when the tide goes out it doesn't take long to walk to the waters edge, when it's in it's fun as it comes relatively close to the apartment wall (in high tide it can actually crash up the tunnel that link the apartments with the beach), it has the amazing sunsets that can be watched from the sofas in the lounge (Martini in hand), it's super clean, the surf is often excellent and the Tate Gallery looks over the beach (always worth a look). There's also a great walk to 'Clodgy point' to blow out the cobwebs. I can't think of anything negative about it.
If you know the best places to go out to eat (The Mermaid for example), stay somewhere similar to where I stay, avoid anywhere tacky like the archade, potter around the art galleries, I can't see anyone having a bad time.
Of course you could come to St Ives, stay somewhere awful and spend most of the time on the harbour front which is going from my 'perfect' extreme to the other.
Oh and how could I forget - most of the apartments come with an underground private garage! If you bring a second car then a 30 minute wait for a space at the hill top car park around the corner is all that's required and £24ish at the end of the week.
I'm not surprised that those parking spaces are up for so much. The pre-mentioned two bed apartments are worth about a million.
If you know the best places to go out to eat (The Mermaid for example), stay somewhere similar to where I stay, avoid anywhere tacky like the archade, potter around the art galleries, I can't see anyone having a bad time.
Of course you could come to St Ives, stay somewhere awful and spend most of the time on the harbour front which is going from my 'perfect' extreme to the other.
Oh and how could I forget - most of the apartments come with an underground private garage! If you bring a second car then a 30 minute wait for a space at the hill top car park around the corner is all that's required and £24ish at the end of the week.
I'm not surprised that those parking spaces are up for so much. The pre-mentioned two bed apartments are worth about a million.
Edited by chezgilo on Friday 9th November 11:43
Smanks said:
Just because they can afford to spend £50k on something that makes their lives more convenient doesn't mean they are dumb, they're hardly going to be desperately looking down the back of the sofa to make up the last few quid, are they?
Just because you CAN do somthing doesn't mean you SHOULD do it.That's the kind of thinking that has sent property prices sky-high and caused the financial crysis.
For instance, you CAN stick a fork in your eye, but you probably SHOULDN'T do it
Paying x times more than what something is worth isn't the brightest idea. That's the kind of thing dumb people do.
And it's ruining life for everyone else as all the other bright sparks now decide to raise prices x times.
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