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"More money for better neighbours?"

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Sun 15/07/07 at 19:56
Regular
Posts: 938
This article about London house prices today reports that just within this last month prime property values increased 3.1 percent. Seemingly wealthy foreign investments are jacking up the prices as of late.

While that's all fine and dandy that more than likely the economy and populus of London continues to inflitrate with money and the more upper-echelon of character's (that is a generalisation of people with money, of course), I just find it rather ironic how the number of applicants per houses available on the market have dropped by 5.5 percent. Not many wealthy enough to buy? Or.. willing? Perhaps it was just the recent implode of terroristic attacks to blame for the decrease in buying prospects? Perhaps they're awaiting the plateau, which is highly unlikely given the recent inclining trend.

Although this creates a temporary economic efficiency (somewhat of a win/win, if you will), in order to cap and maybe even squelch the rising costs for affordability's sake, of course the Government will impose more tax.

Tis leads me to a hypothesis (so, I think too damn much..) that is it not somehow inevitable that having the more wealthier of folk amongst us will always cost us in one way or another?
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Sun 15/07/07 at 19:56
Regular
Posts: 938
This article about London house prices today reports that just within this last month prime property values increased 3.1 percent. Seemingly wealthy foreign investments are jacking up the prices as of late.

While that's all fine and dandy that more than likely the economy and populus of London continues to inflitrate with money and the more upper-echelon of character's (that is a generalisation of people with money, of course), I just find it rather ironic how the number of applicants per houses available on the market have dropped by 5.5 percent. Not many wealthy enough to buy? Or.. willing? Perhaps it was just the recent implode of terroristic attacks to blame for the decrease in buying prospects? Perhaps they're awaiting the plateau, which is highly unlikely given the recent inclining trend.

Although this creates a temporary economic efficiency (somewhat of a win/win, if you will), in order to cap and maybe even squelch the rising costs for affordability's sake, of course the Government will impose more tax.

Tis leads me to a hypothesis (so, I think too damn much..) that is it not somehow inevitable that having the more wealthier of folk amongst us will always cost us in one way or another?

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