hang on, i thought it was the Qataris? Wasnt there just a post covering a Mayors report saying that the foreign ownership of real estate was not a significant vector, within the last couple weeks.
1 Like
Which guys? Whom?
you want to see a dance, ask about pensions!
Foreign speculators trying to wash their vigourish.
This one was recent.
There was a discussion of these nefarious real estate boogie-people. I thought it was Russians. Then Qataris. I think that the Ferengi had come up in that thread, too.
Which ones, with at least some hint of citations? Lots of talk about this, who are these people, what proof is there of this speculation by outsiders with criminal cash (aside from the entire history of the british isles, of course)
Sounds ‘truthy’, wish i had ‘facties’. I have no such facts to support your assertions!
but were any facts identified, or just speculations about how a market got so seemingly speculative?
This could be a good sign for other cities with “housing crises”. China has cracked down on its cronies parking money in foreign real estate.
I did not leave that thread with more facts.
1 Like
so that’s 9% of what total %?
that’s 9% in a period of time of less than one year, not comprehensive. Not year on year.
Did 1% of London change hands? 10% in those 10 months?
Then that would be 9% of (1% or 10%), aka .009% or 0.09%.
are 0.009% or 0.09% significant?
Is there more? Can you do more than hint at a yes?
But 90% of some high value neighborhoods
Both the financial times and the guardian coming to the same opinion is rare as trump truths
I have long ago adapted a phrase from Neuromancer and said that money is a consensual hallucination. Which is really the best was to describe it.
1 Like
as in how did london bridge fall down in the first place
This is excellent news. Hopefully, the people of London might be able to live where they work again.
(1) sounds a bit xenophobic
(2) homeowners who pay taxes on expensive homes yet consume far less city services…at first glance, this does not sound like the sort of thing which should be discouraged
People who buy real estate here but don’t live here have been driving up house prices and rents beyond affordability for everyone else. Tons of condos being built all the time, with lots of units selling and then nobody ever moves in, because it wasn’t bought to be a home, it was just bought to be a place to park their money.
Trying to curb the ridiculous growth of the housing bubble so it doesn’t explode quite so messily when it does burst is a good thing.
This topic was automatically closed after 5 days. New replies are no longer allowed.
