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Sour Mash

London Becoming A Graveyard For Diggers ...

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Just when you thought London's property bubble couldn't be any more bizarre:

http://www.newstatesman.com/business/2014/06/bizarre-secret-london-s-buried-diggers

The new method, now considered standard operating practice, is to cover the digger with “hardcore”, a mixture of sand and gravel. Then a layer of concrete is simply poured over the top. Digger? What digger? The digger has literally dug its own grave – just as the boring machines that excavated the Channel Tunnel were abandoned beneath the passage they had just created.

How many of these once perfectly functioning and possibly still serviceable diggers are petrified underneath central London, like those Romans preserved cowering in the corners of houses in Pompeii? Estimates vary. One property developer I asked reckoned at least 1,000; another put the figure at more like 500.

Amazing the amount of malinvestment and money wasting associated with a bubble.

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Putting aside the fate of the poor diggers, isn't digging downwards in London a bad idea. Don't they hit the water quite quickly. Best hope your builder knows what he is doing.

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  • 406 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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