Tuesday, January 17, 2012
Land Value Fun
The chap involved received serious offers of Â£450 pcm to rent an 8 ft square shed in his back garden, that works out at Â£750 per sq yd per year. So the landowner gets Â£750 per square yard, and what is the tenant actually paying for..? "The Hungarian lorry driver ordered the shed for Â£800 and laid concrete for it to rest on. However, it was never installed. The full text of the advert read: 'Nice location near Florence Park, bus-stops and shopping centers are nearby. Â£450 per month all included."