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Housing in London 7/4-7/13

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I plan on being in London from 7/4-7/13 and am researching housing options.

I am looking at several sites on VRBO and Homeaway and I am getting quotes of around $1,500. I would rather go a little cheaper (closer to $1,000-$1,250) if I can for nine nights.

Nightlife isn't important. We're an "early to bed, early to rise" couple. We are not planning on renting a car, so proximity to transportation is important.

I've stayed as far out as the docklands before (Novotel) and was not put off by the 30 minute ride to Tower Gateway.

Any suggestions? I'm considering priceline. Anyone go that route before and have a bidding zone strategy to suggest?

Of course, the trade off with a hotel is that we would have to eat out most meals raising the overall cost of the trip.

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