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@aggi
I've pondered this every so often. I'm from up North but lived in London for 15 years or so. I still enjoy what London has to offer and most of my mates are so I can't see myself moving anytime soon but I do look back up North and think about how much better off I could be.
I could sell my average two bed flat down here and buy a 4 bed house mortgage free. However, it seems a bit of an irreversible decision. Property prices aren't going up the same everywhere and it seems easily possible to get left behind the London market.