Jump to content
House Price Crash Forum
Sign in to follow this  
eric pebble

London Property - The Barbarous Gold Of Our Times

Recommended Posts

London property - the barbarous gold of our times

Buying property has become modern-day version of burying gold coins in the garden, with boom in value driven by uncertainty

Central London property has actually now become too expensive even for bankers, the one-time masters of the universe, and has the pungent whiff of a renewed bubble.

..//..
Central London property has become the safe haven of choice for countless Russians, Chinese, Italians, Greeks, Arabs and so on.

This is the modern form of hoarding. There appears little difference between burying gold coins in the back garden in the declining days of the Roman empire and buying a house or apartment today in central London.

http://www.theguardian.com/business/economics-blog/2014/may/16/london-property-barbarous-relic-economics-blog

Edited by eric pebble

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   224 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.