Wednesday, Sep 02, 2015

Check out the finanical hoods in your neighbourhood

Private Eye: Selling England by the offshore pound

Spotted in the Forum, have a look, very interesting but I cant work out why someone would buy (or state) a purchase value e.g. a leasehold terraced house in Warrington as £48,295,950 or a new build Flat on the outskirts as £16,028,500. Check out your neighbourhood.

Posted by enuii @ 11:40 PM (3928 views)
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1. cyril said...

16m for a flat in Warrington? Is there a Crossrail station nearby?

Thursday, September 3, 2015 07:49AM Report Comment

2. enuii said...

If these figures go into the land registry house price indecise they must surely distort them to a degree.

Thursday, September 3, 2015 08:13AM Report Comment

3. mombers said...

This is very useful info, I hope that various pressure groups of people who have been royally f*cked over, like the subjects of third world despots, will use this data to prod the authorities into investigating where the funds to purchase these properties came from. Given that anonymous ownership now comes with a hefty protection fee (ATED) it would be a doddle to prosecute the mysterious shell company of a home known to be occupied from time to time by a dubious character for money laundering. How exactly will they explain where the annual cheque for 218,200 (current max ATED band comes from?
Then again, I fully expect the authorities to drag their feet - don't want to upset anyone important!

Thursday, September 3, 2015 10:11AM Report Comment

4. icarus said...

mombers - investigating the finances of third world despots would indeed upset important people since those despots need first-world help to loot their countries and to turn that loot into first-world assets.

Thursday, September 3, 2015 11:36AM Report Comment

5. Janch said...

@3 and @4 completes the circle for our foreign aid money when it's "reinvested" back into UK.

@1 LOL

Thursday, September 3, 2015 12:38PM Report Comment

6. sneaker said...

Interesting symmetry:

  • Refugees flood out of conflict areas into Europe, in search of a better life.

  • The money of despots floods out of the areas in which they create conflicts, in search of a better life.

As an experiment in reductio ad absurdam does this extrapolate to the whole world living in the west?

I thought globalisation was meant to meant the opposite: prosperity for all, wherever they may already be, within their own cultures.

Thursday, September 3, 2015 03:35PM Report Comment

7. mombers said...

@5 I'd hardly say flooding into Europe. Top 5 host countries for refugees:
Pakistan 1,702,700
Islamic Rep. of Iran 886,500
Syrian Arab Rep. 755,400
Germany 571,700
Kenya 566,500
Jordan 451,000
Chad 366,500
China 301,000
Ethiopia 288,800
United States 264,800
This data is from 2011 though. But we're in a lot better position to help these people than the countries above excl USA and Germany

Friday, September 4, 2015 08:42AM Report Comment

8. icarus said...

@5 - add the economic migrants flooding out of indebted countries run by the ECB, IMF, Economic Stability Mechanism etc. where the countries groan under ever-rising debt, productive assets are privatised at firesale prices to insiders and downsized, and wages and benefits are cut to the bone.

Friday, September 4, 2015 09:08AM Report Comment

9. letthemfall said...

Quite a contrast between the UK's attitude to refugees from war and refugees from tax. The country is open for corrupt business.

Friday, September 4, 2015 10:58AM Report Comment

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