Friday, Sep 08, 2006

Karma has a sense of humour, with twist of irony.

Telegraph: Have Tony and Cherie made a 3.6m property blunder?

When Tony Blair and his wife Cherie bought a 3.6 million house last year they were hoping to secure their financial future and catch up what they had missed in their years away from the London property ladder.

Connaught Square, The 3.6m townhouse remains empty

Nearly five months later, however, the Georgian townhouse stands shuttered and empty, haemorrhaging cash on mortgage repayments while earning nothing.

The idea was to rent the house out until Mr Blair leaves office and can live there. But now it is starting to look as if the Blairs may have landed themselves something of a white elephant.

Posted by sam @ 03:34 PM (524 views)
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13 Comments

1. uncle chris said...

I can't help but smile ... after all, you wouldn't want to rent a house of Robert Mugabe and his actions are tame in comparison to the 100,000s of deaths attributable to Tony Bliar.

Friday, September 8, 2006 08:16PM Report Comment
 

2. japanese uncle said...

"Guests at the Auckland event are being offered the chance to pay 3,800 for a VIP table of 10, including "exclusive drinks with Mrs Blair".
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What a cow! I have neve known such a disgusting, lowly and abominalble woman in my whole life.

Is it wicked for me to look forward to the news of the "premier repossession" at Connaught Sq?


Friday, September 8, 2006 11:35PM Report Comment
 

3. Cstanhope707 said...

Got a great idea why don't they remortgage it with Crash Gordon on one of these new Group Mortgage products.

Saturday, September 9, 2006 10:06AM Report Comment
 

4. This comment has been removed as it was found to be in breach of our Blog Policies.

 

5. Ticktock said...

I think you're right Chris, War criminal landlords probably don't appeal to many tennants.

Everyone assumes that Bliar will be touring the states, giving talks, and making a fortune after he slithers out of No.10. However, If I were his bank manager, I'd be a little concerned that he may be giving talks to judges at the Hague instead.

Wouldn't it be nice to see the Hague prosecute a REAL war-criminal for a change, rather than just political opponants of Anglo-US hegemony?

Saturday, September 9, 2006 10:14AM Report Comment
 

6. sirgoogle said...

Ho Ho.

Just like Charm-cellor Norman Lamont (the total Tory B@57&rd) who also had a lot of trouble in selling his big house. He triggered the last crash in 1988 (and was the cause for my 11 years of negative equity).

Saturday, September 9, 2006 03:53PM Report Comment
 

7. Paolo88888 said...

As I understand it, assured shorthold tenancies must be for a minimum of 6 months. We know Mr Blair will be resigning within the year, and possibly sooner, so there just isn't time to rent out the house now. Renting that house will be like playing musical chairs with the whole cabinet, except that you know that when the music stop; ie. interest rates hit 5.5%, then its definitely you who will be out!

Saturday, September 9, 2006 04:15PM Report Comment
 

8. Little Ol' Wine Drinker Me said...

The thing I can't understand is how all these MP's etc can buy lots of property for "investment" reasons, and not a single thing is mentioned. Is there a report on how many properties are held by these people, and how many per individual? I bet that would make interesting reading. Wonder who has the most? Does this in certain cases cause a conflict of Interest?!

Saturday, September 9, 2006 07:05PM Report Comment
 

9. Pinball said...

Um, this article was written Jan 2005. What's happened since??

Sunday, September 10, 2006 02:51AM Report Comment
 

10. hard cheese said...

Makes you wonder, this guy is supposed to be running the country and cannot organise his own finances. ANybody fancy a repo?

Sunday, September 10, 2006 08:41AM Report Comment
 

11. Geed said...

Sorta explains why the BoE via Brown and then Blair have been slow to react with IR's. I'd say Blair has a vested interest of sorts...while Blair is playing the property market expect total resilience to rate rises in future. It all stinks.

Sunday, September 10, 2006 10:55AM Report Comment
 

12. inbreda said...

He'd have to be pretty careful about who he rents it out to. I'd love to rent it, but I'm pretty certain it would be left in a worse state. I'd stop paying rent, and I'd spraypaint WAR CRIMINAL over every available inch of space. Maybe that's what he's scared of.

Then again, I'm not sure I'd be able to afford the deposit.

Sunday, September 10, 2006 11:05AM Report Comment
 

13. monty said...

A more recent article says they've let it, but for a substantially reduced rent.

http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2006/05/28/ncellar28.xml

Monday, September 11, 2006 08:57AM Report Comment
 

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