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1 In 10 Can Say 'we're Millionaires, Rodders!'

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http://www.dailymail.co.uk/news/article-2328915/One-British-households-virtual-millionaires-London-property-boom-stock-market-surge-drive-value-assets.html?ico=news%5Eheadlines

One in ten British households are now virtual millionaires: London property boom and stock market surge drive up value of assets

UK's richest people now have 850 times more in assets than the poorest

The wealthiest in society are middle aged and hold more than one property

Majority of the one in ten £1m households are in London and South-East

The Comments make for some interesting reading, although I dare say the millionaires are too busy spending their equity... ;)

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The Comments make for some interesting reading, although I dare say the millionaires are too busy spending their equity... ;)

One in ten British households are now virtual millionaires: London property boom bubble and stock market surge bubble drive up the fictional value of assets

UK's richest people now have 850 times more in assets phantom equity than the poorest

The wealthiest in society are middle aged rent-seeking parasites and hold more than one property

Majority of the one in ten £1m households are financial criminals in London and South-East

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At first I assumed the numbers didn't net out debts, but it seems that they do. It would be interesting to see how much of the total comes from final salary pension schemes (particularly public sector ones). Right now, for example, the assets required to buy a pension of 40K for life would be around 1M GBP.

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At first I assumed the numbers didn't net out debts, but it seems that they do. It would be interesting to see how much of the total comes from final salary pension schemes (particularly public sector ones). Right now, for example, the assets required to buy a pension of 40K for life would be around 1M GBP.

Interesting that this comes up again. This data was published by ONS several months back I believe.

And yes, final salary pension consist of a large chunk of that ''wealth', valued at prevailing long rates (4% ish indeed).

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Funny that.... the further North you go, the less millionaires you are likely to meet.....

Having said that, the islands up here are full of Londoners who sold their 2 bed flat in NW1 and bought small farms on the proceeds!

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  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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