Saturday, Nov 25, 2006
More home owners with feel good paper profits
BBC News: Millionaire house owners increase
The number of property millionaires in England and Wales has increased by a third to nearly 80,000. Research from the Portman Building Society shows 78,219 homeowners in England and Wales have property that is worth in excess of £1m.
Posted by webmaster @ 08:49 AM (164 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. The Capitlalist said...
here I am in my EA office and it's dead...but to be expected at this time of year.
This sort of thing just prolongs the myth that you are wealthy just because your house is 'worth' £1m...so let's play MEW and spend spend spend...
2. monty said...
Only 80000? I really thought there'd be more than that.
3. nearly30 said...
Classic Rich / Poor divide - NL is overseeing a country rapidly spiralling into another Great Depression.
Here is a spoof picturing the future of the UK - orginally taken from a History article about 1830s Britain (and I only changed a few key words or sentences!!):
UK 2030
Despite the growing wealth due to trade and commerce, prosperity lay in the hands of very few of the UK's residents. The working people, who actually produced the wealth, lived, worked and died in conditions of the most desperate poverty and degradation.
Innumerable reports and surveys were carried out during the 21st century, and they all told much the same story : poor wages, impossibly long working hours, dangerous and unsanitary living conditions, even more over-priced dwellings, little or no health/pension provisions, high taxation, high levels of debt and a very few life chances.
Records show that by 2030 there were over 560 call centres in Lanarkshire alone, employing more than 110,000 workers, of which 35,000 were recent Graduates. Wages for Graduates were about £12,000 (£220) per week (about £110 after tax/debts), but Managers / City Bosses were paid about 1000 times more. Hence, it made economic sense to employ as many Graduates and as few Managers as possible, and this is exactly what happened.
The oldest of employees were employed to crawl beneath computers (while still in operation) to gather up loose papers / office waste - they were known as "scavengers" and many died before reaching the age of retirement (68). Those that survived to retirement had permanent stoops or were crippled from the prolonged crouching that the job entailed. The typical working day was 14 hours long, but many were much longer, as, without regulation and continued (open-door) mass immigration, unscrupulous call-centre owners could demand any terms they liked.
Any attention that the plight of working people drew from a wider middle class public was generally disparaging and attitudes tended to be laisser faire. The Young were regarded as an underclass, whose degradation was largely their own fault; frequently it was stated that the God wished them to be disadvantaged and debt-ridden; they were a semi-class of probable ignorant tendencies and why couldn't they pay for their own education.
New Labour distinguished between the "deserving" and the "undeserving" of state benefits or tax-relief. Working-Families, Pensioners, Carers and those whose who had been to University or College were regarded as un-deserving and could not receive any help and had to rely on the system of Call Centres or 'Service Jobs', degrading though these were. The uneducated, anti-social and 'work-shy' were regarded as deserving and, with a biased social support system in place, were left in a situation where they were much better off not to go to work and pretend to be incapacitated.