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I know it fairly well. I'm sure some of it is exaggerated but my personal experiences of it are that it's a place that is really struggling.
The town centre hasn't sorted itself out yet. There are nice bits around it - you can drop half a million on a basic four bed in Icknield. If you were so inclined. Dicki's Lea ride gives a perspective in to the mess the town centre is in.
Howard-
I don't doubt it.
However, where else can you buy a three bed house like this, close to the station, half an hour from St Pancras for under £280k?
https://www.rightmove.co.uk/property-for-sale/property-80794898.html
I just find it fascinating that Londoners haven't been flocking to Luton. Gives you an idea how bad it a really is, or how it is percieved.
Stonehedge
I know it fairly well. I'm sure some of it is exaggerated but my personal experiences of it are that it's a place that is really struggling.