My local area (not quite but nearly Cornwall) is being blanketed in new housing, making it a lot less desirable - even for those of us used to the low wages, seasonal jobs, lack of services, educational opportunities, etc. - we were poor but happy.
And, this might be a new phenomena, the developers are having difficulty selling them. About blinking time I say. It's not the only desirable place to live and really who wants to throw their good money at a property just so they can live in a building site for years to come.
The Shared Ownership properties are wildly overpriced with undetailed additional monthly/annual fee details. I've been checking as I want to downsize and be mortgage free as I creep to state pension age but not on your nelly at those prices.
The only solution I can think of is that these selling prices come down. I want to move within a year or so and to date all I can find in my price range is next door in Cornwall or Wales. But I'd feel like an invader of sorts.
And don't get me started on the second home next door - it's just an unremarkable little terraced house in one of the cheapest areas to live and quite frankly they should be embarassed; it's hardly a place that you'd be proud to entertain your friends and family in, showing off your second home. They probably are embarassed as their visits are very far and few between and hopefully they feel a bit shafted as they're now paying double council tax, utility standing charges and maintenance for a house they rarely visit.
And yes, it's really shocking what's happened to London too - I was a frequent visitor in the 70s and 80s when there were areas that were 'rough and ready' that anyone could move to, not now. Not at all.