UK holiday prices

[Grafenwalder]

Man quoted £71,000 for one week stay in Cornwall

Paul Nickerson enquired about renting a three-bedroom home in St Ives but was aghast when he was told it would cost £10,232-per-night.

Paul was searching for a summer break for his three sons, who are all aged under five.

He wanted to go for the week beginning August 14, right in the middle of the summer holidays.

Searching for properties that slept five in the picturesque town, which recently hosted world leaders for the G7, he couldn’t believe one cost more than double the average UK annual wage.

Paul, a Tory councillor, from Beverley, East Yorkshire, said: ‘Everything I have seen is about 50% more than their normal price. I thought it must have been a mistake, but having checked other properties, it is clear it isn’t, as they’re all far more.’

https://metro.co.uk/2021/07/04/cornwall ... i=14870848

[Maddog]

Shortages are causing crazy prices everywhere. You're just coming out of the pandemic and are several months behind us. It's about to be a hell of a ride. The pumps have been primed with billions or trillions in QE from our central banks. The supply chains are out of whack. There are labor shortages. Hell, we can't hardly buy a new car and used cars are selling for more than they did new.

[Stooo]

It's really fucking up the rental market down here and driving people away. Who do they think works at McD's, people bussed in from London?

[Maddog]

European Central Bank policy maker Klaas Knot warned that policy makers may be underestimating the potential for accelerating inflation to become entrenched, and that emergency monetary stimulus should end around March 2022.

While the ECB predicts that current elevated inflation rates are temporary -- driven by rebounding energy prices and supply shortages as the economy reopens -- the Dutch central bank governor said the outcome may be different.

https://finance.yahoo.com/news/ecb-knot ... 57787.html


Economists on both sides of the aisle have been sounding the alarm over here for months (except the MMT kooks).

But we still have the hammer down and will continue stimulating our economy through fiscal amd and monetary measures.

[Grafenwalder]

Shortages are causing crazy prices everywhere. You're just coming out of the pandemic and are several months behind us. It's about to be a hell of a ride. The pumps have been primed with billions or trillions in QE from our central banks. The supply chains are out of whack. There are labor shortages. Hell, we can't hardly buy a new car and used cars are selling for more than they did new.

Yeah but come on, there's crazy and theres insane and this is utter insanity fueled by outright greed. To compare price I looked at costs staying at The Ritz, one of Londons top ranking five star hotels oozing in splendour. This is the sort of place only the seriously wealthy can afford, not a 3 bedroomed house on an estate which would normally rent for three or four grand a month.

A seven day stay at The Ritz for 2 adults and three children, same week in August, £34,320.

https://www.theritzlondon.com/?scid=bb1 ... JpZGU%3D#/

[Maddog]

Shortages are causing crazy prices everywhere. You're just coming out of the pandemic and are several months behind us. It's about to be a hell of a ride. The pumps have been primed with billions or trillions in QE from our central banks. The supply chains are out of whack. There are labor shortages. Hell, we can't hardly buy a new car and used cars are selling for more than they did new.

Yeah but come on, there's crazy and theres insane and this is utter insanity fueled by outright greed. To compare price I looked at costs staying at The Ritz, one of Londons top ranking five star hotels oozing in splendour. This is the sort of place only the seriously wealthy can afford, not a 3 bedroomed house on an estate which would normally rent for three or four grand a month.

A seven day stay at The Ritz for 2 adults and three children, same week in August, £34,320.

https://www.theritzlondon.com/?scid=bb1 ... JpZGU%3D#/

Is it greed when an actor demands 10 million for a movie? The market sets value. Regardless of how silly we think those figures are. Apparently the owner of the property has reason to belive that there is a fool willing to pay around that much..

[Grafenwalder]

Shortages are causing crazy prices everywhere. You're just coming out of the pandemic and are several months behind us. It's about to be a hell of a ride. The pumps have been primed with billions or trillions in QE from our central banks. The supply chains are out of whack. There are labor shortages. Hell, we can't hardly buy a new car and used cars are selling for more than they did new.

Yeah but come on, there's crazy and theres insane and this is utter insanity fueled by outright greed. To compare price I looked at costs staying at The Ritz, one of Londons top ranking five star hotels oozing in splendour. This is the sort of place only the seriously wealthy can afford, not a 3 bedroomed house on an estate which would normally rent for three or four grand a month.

A seven day stay at The Ritz for 2 adults and three children, same week in August, £34,320.

https://www.theritzlondon.com/?scid=bb1 ... JpZGU%3D#/

Is it greed when an actor demands 10 million for a movie?

Not the same thing at all.

The market sets value. Regardless of how silly we think those figures are. Apparently the owner of the property has reason to belive that there is a fool willing to pay around that much..

Only fools are easily parted from money. Hopefully plain commonsense will prevail.

[Grafenwalder]

It's really fucking up the rental market down here and driving people away. Who do they think works at McD's, people bussed in from London?

They need to be careful. Greed like this may well result in long term damage of driving people away for good as countries get back on their feet. For example, this was filmed in Dusseldorf only last week.

phpBB [video]

[Maddog]

Shortages are causing crazy prices everywhere. You're just coming out of the pandemic and are several months behind us. It's about to be a hell of a ride. The pumps have been primed with billions or trillions in QE from our central banks. The supply chains are out of whack. There are labor shortages. Hell, we can't hardly buy a new car and used cars are selling for more than they did new.

Yeah but come on, there's crazy and theres insane and this is utter insanity fueled by outright greed. To compare price I looked at costs staying at The Ritz, one of Londons top ranking five star hotels oozing in splendour. This is the sort of place only the seriously wealthy can afford, not a 3 bedroomed house on an estate which would normally rent for three or four grand a month.

A seven day stay at The Ritz for 2 adults and three children, same week in August, £34,320.

https://www.theritzlondon.com/?scid=bb1 ... JpZGU%3D#/

Is it greed when an actor demands 10 million for a movie?

Not the same thing at all.

The market sets value. Regardless of how silly we think those figures are. Apparently the owner of the property has reason to belive that there is a fool willing to pay around that much..

Only fools are easily parted from money. Hopefully plain commonsense will prevail.

Why isn't it the same thing? People can ask any amount of money for their goods and services.

[Grafenwalder]

Is it greed when an actor demands 10 million for a movie?

Not the same thing at all.

The market sets value. Regardless of how silly we think those figures are. Apparently the owner of the property has reason to belive that there is a fool willing to pay around that much..

Only fools are easily parted from money. Hopefully plain commonsense will prevail.

Why isn't it the same thing? People can ask any amount of money for their goods and services.

Because it's not like for like. Compare it with Hotel rents. Yes people can charge whatever they like for something but if it's a business they're running they won't last long and as Stoo said, nonsense like this is driving people away. You have to put it into perspective. Even wealthy people don't have that sort of money to pay for a weeks holiday.

[Raggamuffin]

If someone doesn't want to pay that much, they don't have to go on holiday. If they look around their local area they'll probably find something nice to do or to go. Children under five would probably be just as happy running around a park anyway.

[Maddog]

Is it greed when an actor demands 10 million for a movie?

Not the same thing at all.

The market sets value. Regardless of how silly we think those figures are. Apparently the owner of the property has reason to belive that there is a fool willing to pay around that much..

Only fools are easily parted from money. Hopefully plain commonsense will prevail.

Why isn't it the same thing? People can ask any amount of money for their goods and services.

Because it's not like for like. Compare it with Hotel rents. Yes people can charge whatever they like for something but if it's a business they're running they won't last long and as Stoo said, nonsense like this is driving people away. You have to put it into perspective. Even wealthy people don't have that sort of money to pay for a weeks holiday.

I would need to see recent rents from the area and what other properties are being listed at.

If it's way out of line, it will never get rented.

Or as we say in the real estate business when describing overpriced listings , the sign will rot in the yard.

[Cactus Jack]

Shortages are causing crazy prices everywhere. You're just coming out of the pandemic and are several months behind us. It's about to be a hell of a ride. The pumps have been primed with billions or trillions in QE from our central banks. The supply chains are out of whack. There are labor shortages. Hell, we can't hardly buy a new car and used cars are selling for more than they did new.

Yeah but come on, there's crazy and theres insane and this is utter insanity fueled by outright greed. To compare price I looked at costs staying at The Ritz, one of Londons top ranking five star hotels oozing in splendour. This is the sort of place only the seriously wealthy can afford, not a 3 bedroomed house on an estate which would normally rent for three or four grand a month.

A seven day stay at The Ritz for 2 adults and three children, same week in August, £34,320.

https://www.theritzlondon.com/?scid=bb1 ... JpZGU%3D#/

Is it greed when an actor demands 10 million for a movie?

Not the same thing at all.

The market sets value. Regardless of how silly we think those figures are. Apparently the owner of the property has reason to belive that there is a fool willing to pay around that much..

Only fools are easily parted from money. Hopefully plain commonsense will prevail.

Why isn't it the same thing? People can ask any amount of money for their goods and services.

Again with the kindergarten understanding of economics.

[Grafenwalder]

Is it greed when an actor demands 10 million for a movie?

Not the same thing at all.

The market sets value. Regardless of how silly we think those figures are. Apparently the owner of the property has reason to belive that there is a fool willing to pay around that much..

Only fools are easily parted from money. Hopefully plain commonsense will prevail.

Why isn't it the same thing? People can ask any amount of money for their goods and services.

Because it's not like for like. Compare it with Hotel rents. Yes people can charge whatever they like for something but if it's a business they're running they won't last long and as Stoo said, nonsense like this is driving people away. You have to put it into perspective. Even wealthy people don't have that sort of money to pay for a weeks holiday.

I would need to see recent rents from the area and what other properties are being listed at.

If it's way out of line, it will never get rented.

Or as we say in the real estate business when describing overpriced listings , the sign will rot in the yard.

Based on 2 adults and three children during the August week he wanted, this place at £2,520 for seven days.

https://www.booking.com/hotel/gb/tranqu ... &#hotelTmp

or this bungalow at £4,108 for seven days. Ok its a bit further from St Ives but not way out.

https://www.booking.com/hotel/gb/cosy-b ... #hotelTmpl

[Maddog]

So he's got it way overpriced based on comparable data.

Only a fool pays far more than they need to for something.

The market will handle this problem.

Same as it would handle me asking to get paid 5 grand for a real estate appraisal. No one would accept my fee and I would have to lower it. I can't count on there being enough fools to pay me way above the market price for my services. I will have to get inline with similar people in my field in spite of my overwhelming knowledge on the topic.