Monday, March 12, 2012

Location values are created by the community…

A home near Crossrail could be your ticket to a 57 per cent profit

... and siphoned off by landowners, part 94.

Posted by mark wadsworth @ 03:54 PM (1225 views)
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5 thoughts on “Location values are created by the community…

  • sibley's b'stard child says:

    Presumably any NIMBYs whom may have opposed the Crossrail proposals will now be congratulating themselves on their financial acumen.

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  • I just vomited in my mouth. This from the same paper that opposes the token ‘mansion tax’. I wonder what the total bill for each and every reader for first paying for CrossRail and then paying higher rents or house prices will be?

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  • I live two minutes walk from one of those stations. fact is though, the completion of Crossrail is so many years away (2013?) that anything can happen between now and then so there’s littel point in factoring it in to any plans.

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  • 2018 I meant.

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  • mark wadsworth says:

    Sibs, the big profits are only for those near the stations, the ones who just get the track noise might or might not get cash compensation (in truth, I and everybody else on my street once got £16k compensation because they built a motorway near my house – that motorway was half a century in the planning so I got the house for a suitably low price because we all knew the motorway was coming. I took the money of course).

    Mom, £10 billion cost divided by four million households in London = £2,500 each. Only as far as I am aware, it was the taxpayer generally who paid, regardless of where they live and whether there is the remotest chance they will benefit.

    Paul, chances are it’ll be finished by the time you are a Poor Widower In A Mansion and by that stage it will be politically impossible to claw any of those profits back via the tax system.

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