Friday, Feb 05, 2010
Oh Yes!
Wall Street Journal: The London Real Estate Bubble Is Back—and It's Scary
Interesting coverage of London's crazy market where you pay £1 million to live in hemmed in by council estates, pocked marked with criminality, and busy roads and convince yourself it is all worth it.
Posted by teeth @ 01:02 PM (1028 views) Add Comment
5 Comments
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1. another alan said...
Nice little article. Thanks for posting.
2. ontheotherhand said...
Great article. People here in the thick of it can't zoom back to understand the big picture. It takes a foreign newspaper to do that. I love the bit where he admits that he couldn't afford to live in London on a decent salary - he needed house prices to go up. Aint that the truth.
3. debtfree said...
Yep, great article. Straight to the point and from outside the box.
Thanks
4. drewster said...
Nice article. Particularly the paragraph about how London property is basically used for money-laundering.
5. Nobody777 said...
drewster makes a fair comment regarding money-laundering I suspect this is a boom industry supported by the MPs in on it as well its a nice bubble and probably still has legs supported by 0.5% interest rates but like premier league football clubs is can last a long time before it pops.