The real cost of home

Reading the newspaper today, there were a strange couple of articles which got me thinking.
The first was about a 3 bed mobile home near Abersoch (albeit on the beach front) being sold for £500,000 - the same price as a 2 bed flat in Chelsea! (and both would be leasehold and have a hefty yearly management fee - the Abersoch home only has 20 years left on the lease!)
Now there is an arguement which says it would be better and nicer to live in Abersoch than Chelsea, but that is not the issue. This is meant as a holiday home and you could have 10 holidays for the next 50 years (not 20 of lease life) in Barbados for less money!
This is not clever is it?
Then on the next page, was an article saying that 10 years ago, 1 in 5 managers in the workplace did not take their full allocation of holiday due to work pressures. Today this has risen to 3 in 5 managers.
Only a managers salary could consider the luxury of the mobile home in Abersoch, yet they are the ones who are likely not to be able to take a holiday due to work pressures.
Mmmm - what a strange set of values we seem to have.
A thought on property values - the last time values were corrected (in the early 90's), yeilds from the value of the property from renting were about 15%. Currently they are less than 5%!