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Trampa501

New Developments For Canary Wharf

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Should add to GDP all those investors snapping up a bargain at 3% yield.

I think it's actually less than 3% yield. A Kuwati friend of mine is buying a penthouse apartment, and will be getting a tiny yield. But the main reason for renting it out is to get round the 15% stamp duty.

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In the 60s and 70s these tower blocks, or equivalent or better quality, were built by councils for rent. They were far more spacious and not so high density by the look of the image in the article.

If I was homeless and one was made available for me to rent I would be grateful, if I took out a huge loan/mortgage I would be in despair...... scrap that, I just wouldn't do it!

It comes to something when regular tower blocks look better than this crap!

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