Where I live (Bournemouth, UK), the beach is popular, and beach huts (if you're not familiar with this idea, it's basically a wooden shed that you can use while you visit the beach but not sleep in all year round) are hugely popular. I believe the record for one is £270,000 - certainly a price that would buy you a decent family home in some locations within 10 miles of it. It's not as much as the parking space, but I'd say it was less useful - particularly given the British weather which renders it a miserable experience (cold, windy, raining) for maybe half the year.
As someone who doesn't own property (and is in his mid 40s), I find all of this very depressing - property prices seem to be spiralling out of control in many countries, and most people seem to be fine with it as they are rich on paper (but not in reality).
I'm from near Bournemouth (Broadstone). When I lived there 20 years ago houses on Sandbanks were the most expensive properties per square foot in the world. Beach front prices in Dorset are crazy.
As someone who doesn't own property (and is in his mid 40s), I find all of this very depressing - property prices seem to be spiralling out of control in many countries, and most people seem to be fine with it as they are rich on paper (but not in reality).
http://www.bournemouthecho.co.uk/news/14098458.This_year_s_m...