@contradevian Posted August 18, 2013 Share Posted August 18, 2013 Are there any MP's left NOT making a killing out of London property? http://t.co/4eVUmL8Qqk Quote Link to comment Share on other sites More sharing options...
geezer466 Posted August 18, 2013 Share Posted August 18, 2013 (edited) Not so much traditional Galloway. He is selling the house for market value. What else would he do give it away? The bigger story is was he part of the cabal which allowed the market value to get to where it is which is out of most peoples reach. Edit to add.... He bought it in 1995 so he can hardly be described as a flipper. Edited August 18, 2013 by geezer466 Quote Link to comment Share on other sites More sharing options...
@contradevian Posted August 18, 2013 Author Share Posted August 18, 2013 Seems DM readers agree with your viewpoint. No one questions the orthodoxy that prices "only go up" especially in London. The question is would Galloway be able to afford this now on his MP salary (and media interests) Quote Link to comment Share on other sites More sharing options...
ubuntu Posted August 18, 2013 Share Posted August 18, 2013 Can't really blame him, he just got lucky and wasn't involved in formulating any policies; actually he did a video with Max Keiser where he talked about the value of his house & the absurdity of it all. But £1.5m for a house in Streatham? Unbelievable! Quote Link to comment Share on other sites More sharing options...
newbonic Posted August 18, 2013 Share Posted August 18, 2013 Can't really blame him, he just got lucky and wasn't involved in formulating any policies; actually he did a video with Max Keiser where he talked about the value of his house & the absurdity of it all. But £1.5m for a house in Streatham? Unbelievable! He'll be able to buy about 15 btl terraced houses in his native Bradford for that! Quote Link to comment Share on other sites More sharing options...
@contradevian Posted August 18, 2013 Author Share Posted August 18, 2013 He'll be able to buy about 15 btl terraced houses in his native Bradford for that! Galloway is supposedly putting himself forward for London Mayor. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted August 18, 2013 Share Posted August 18, 2013 Importantly There comes a point in the Ponzi scheme where new MP's cant even afford a property let alone make a million from owning one and that my friends is when you will get a change of policy. That will be the day that the vested interests have a vested interest in getting prices down. Every day that day is nearer. Quote Link to comment Share on other sites More sharing options...
papag Posted August 18, 2013 Share Posted August 18, 2013 He'll be able to buy about 15 btl terraced houses Streets in his native Bradford for that! Corrected Quote Link to comment Share on other sites More sharing options...
geezer466 Posted August 18, 2013 Share Posted August 18, 2013 Galloway is supposedly putting himself forward for London Mayor. Well he couldn't be any worse than the last two incumbents...... He will be relying on the (ever increasing) ethnic vote as he has for his last two parliamentary seats. I see two sides to him getting this job. One if could be quite interesting. Two it will be even more interesting on the basis I no longer live in London.... Wonder what will be in his manifesto..... Any takers? Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted August 18, 2013 Share Posted August 18, 2013 £1.5million almost seems reasonable for a large 5 bed det house in London. Im guessing Streatham isnt the best of areas Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted August 18, 2013 Share Posted August 18, 2013 Well he couldn't be any worse than the last two incumbents...... He will be relying on the (ever increasing) ethnic vote as he has for his last two parliamentary seats. I see two sides to him getting this job. One if could be quite interesting. Two it will be even more interesting on the basis I no longer live in London.... Wonder what will be in his manifesto..... Any takers? He wont touch the city, thats the important bit. It'll be more of the surreal populism Londoners go for but with a bonkers galloway twist, instead of a bonkers boris or bonkers Ken twist. I think you just need to be bonkers to be mayor. Quote Link to comment Share on other sites More sharing options...
justthisbloke Posted August 18, 2013 Share Posted August 18, 2013 He wont touch the city, thats the important bit. It'll be more of the surreal populism Londoners go for but with a bonkers galloway twist, instead of a bonkers boris or bonkers Ken twist. I think you just need to be bonkers to be mayor. The whole mayoral thing is amusing. NewLab created directly elected mayors in an attempt to "professionalise" local politics and to create stepping-stone jobs for their apparatchiks. What did they get? An independent and barking London mayor (followed by another similarly loopy one). Actually, I quite like both these guys for sticking two fingers up to the political machine and being, well, eccentric. And H'Angus the Monkey (who - bizarrely - was reelected *twice* and held the mayoralty from foundation through to abolition). Quote Link to comment Share on other sites More sharing options...
Guest TheBlueCat Posted August 18, 2013 Share Posted August 18, 2013 (edited) Can't really blame him, he just got lucky and wasn't involved in formulating any policies; actually he did a video with Max Keiser where he talked about the value of his house & the absurdity of it all. But £1.5m for a house in Streatham? Unbelievable! Agreed on both points. He may be a complete lunatic but he's done nothing immoral or illegal here. Edited August 18, 2013 by TheBlueCat Quote Link to comment Share on other sites More sharing options...
Ah-so Posted August 18, 2013 Share Posted August 18, 2013 £1.5million almost seems reasonable for a large 5 bed det house in London. Im guessing Streatham isnt the best of areas Not the most desirable location, but has some beautiful victorian houses surrounding Streatham Common. I understand that his is one of them. Quote Link to comment Share on other sites More sharing options...
honkydonkey Posted August 18, 2013 Share Posted August 18, 2013 Fingers crossed the crash starts before he can sell it. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted August 18, 2013 Author Share Posted August 18, 2013 Fingers crossed the crash starts before he can sell it. Makes me think the market has peaked Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted August 18, 2013 Share Posted August 18, 2013 Importantly There comes a point in the Ponzi scheme where new MP's cant even afford a property let alone make a million from owning one and that my friends is when you will get a change of policy. That will be the day that the vested interests have a vested interest in getting prices down. Every day that day is nearer. MPs basic salary in 1995: £44,000 MPs basic salary today: £66,000 If it had gone up in line with salaries, it would sell for £330,000, not £1.5mn. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 18, 2013 Share Posted August 18, 2013 Seems DM readers agree with your viewpoint. No one questions the orthodoxy that prices "only go up" especially in London. The question is would Galloway be able to afford this now on his MP salary (and media interests) Clearly we need to pay our MP's more so they could afford it... Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted August 18, 2013 Share Posted August 18, 2013 He'll be able to buy about 15 btl terraced houses in his native Bradford for that! Even more maybe in his adopted hometown of Dundee? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted August 18, 2013 Share Posted August 18, 2013 Fingers crossed the crash starts before he can sell it. Might shut him up for a couple of minutes. Quote Link to comment Share on other sites More sharing options...
Venger Posted October 25, 2013 Share Posted October 25, 2013 http://www.dailymail.co.uk/news/article-2396358/Socialist-MP-George-Galloway-puts-house-market-1-5million--600-cent-mark-paid-it.html Was: http://www.rightmove...y-40263709.html Now: http://www.rightmove...y-28349718.html Santander Restart Jumbo Mortgage Lending The changes mean that a borrower could achieve a £1.5m loan with a rate of 2.14% £1.5m loan at a negative real rate. Astonishing Astonishing. Quote Link to comment Share on other sites More sharing options...
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