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No riff-raff here

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Riverwalk Thu 19-Sept-13 12:46:00

This wholesale marketing of London property to overseas buyers, who will never live in the property, is not much of an Olympic Legacy.

No wonder London prices are so out of kilter with the rest of the country and young people in the South East and elsewhere will never be able to afford even a modest home.

Housing

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j08 Thu 19-Sept-13 16:21:18

Seems reasonable to me. The developers are paying money to the local authority for affordable housing to be built elsewhere. Why should n' t it be kept fully privately owned?

Prices starting at three hundred and twenty something thousand are not too bad for London either! British people will be able to buy them as well as foreigners looking for second homes in London.

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j08 Thu 19-Sept-13 16:30:57

Actually it says here it's going to be a mix of housing.

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FlicketyB Thu 19-Sept-13 19:06:30

I do not think millionaires will be buying flats costing 321,000. Wealthy parents of students coming to study here might.

j08 a mix of housing doesn't necessarily mean a mix of tenures. It could just mean houses and flats of various sizes.

I think the real problem now is that so much property is being built for the buy to let market and that is so large because of the policies of the various governments that undermined occupational and other pension funds and made many people feel that buying property was a safer way to save for retirement than investing in a pension fund of any kind.

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