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@contradevian

Galloway And His £1.5M London House

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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 by geezer466

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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)

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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!

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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!

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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.

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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.

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Galloway is supposedly putting himself forward for London Mayor.

Well he couldn't be any worse than the last two incumbents...... :lol:

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....:P

Wonder what will be in his manifesto..... Any takers?

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Well he couldn't be any worse than the last two incumbents...... :lol:

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....:P

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.

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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).

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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 by TheBlueCat

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£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.

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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.

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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... :ph34r:

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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. :lol:

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