1 in 35 Londoners are millionaires

[dholliday]

insane...this is certainly not benefitting your average Londoner.


http://www.theguardian.com/cities/2014/aug/05/london-millionaire-capital-world-city-new-york-tokyo

 

[Woolly Blue]

*moves to London
Heh, it means I've got a 1 in 35 chance of being loaded. Got to be worth a shot and much better odds than the lottery.

 

[dholliday]

*moves to London
Heh, it means I've got a 1 in 35 chance of being loaded. Got to be worth a shot and much better odds than the lottery.

yeah, that's how it works.


xx

 

[roydo]

Rich people live in London? Really? Blimey.

 

[Tramps_mate]

$1 million is a bit different. Whats that currently? £600k?

My parents will be $ millionaires then I reckon!

 

[dholliday]

Rich people live in London? Really? Blimey.

1 in 35, tho'...

This is the 1% Occupy talk about, except in London it's 3%.

I'd support it if there were benefits to low-to-middle incomes, but with rents skyrocketing and London travelcards costing more than twice what they did only a few years ago it's driving low-earners out.

 

[RaleighBlue]

Yeah. $ != £

I'm sure the fact the £ is so strong is part of this.

 

[dholliday]

$1 million is a bit different. Whats that currently? £600k?

My parents will be $ millionaires then I reckon!

blimey...can I borrow a fiver, mate?

 

[RaleighBlue]

Using the USD kind of makes sense, but it's broken.

For example, I cannot for the life of me figure out what I would need to make in the UK in GBP to have a comparable quality of life as I do here. Housing seems ridiculously expensive, but salaries are much lower (in pure numerical figures).

So to say someone in London is a millionaire in USD is not terribly different than saying I'm a millionaire in Yen - it doesn't change my lifestyle.

 

[dholliday]

Using the USD kind of makes sense, but it's broken.

For example, I cannot for the life of me figure out what I would need to make in the UK in GBP to have a comparable quality of life as I do here. Housing seems ridiculously expensive, but salaries are much lower (in pure numerical figures).

So to say someone in London is a millionaire in USD is not terribly different than saying I'm a millionaire in Yen - it doesn't change my lifestyle.

Not following that, RB. Dollar is worth something, the Yen is not even worth a penny.

I know if I had 600k in assets my life would be drastically different, regardless of whether I lived in London or elsewhere.

 

[RaleighBlue]

Not following that, RB. Dollar is worth something, the Yen is not even worth a penny.

I know if I had 600k in assets my life would be drastically different, regardless of whether I lived in London or elsewhere.

Yeah, it's well-off, but the millionaire point is misleading.

Making 100k USD in London is not equivalent to making 100k GBP.

 

[davek]

Every 35th person Kenwright meets each day is a millionaire (237,000)...he's been Everton boss for 5,000+ days and he still cant find an investor.

That takes a special kind of carelessness.

 

[roydo]

1 in 35, tho'...

This is the 1% Occupy talk about, except in London it's 3%.

I'd support it if there were benefits to low-to-middle incomes, but with rents skyrocketing and London travelcards costing more than twice what they did only a few years ago it's driving low-earners out.

Take property out of it.

Combo of my pension fund plus house I am a $ millionaire. Doesnt flaming feel like it though.

 

[RaleighBlue]

Every 35th person Kenwright meets each day is a millionaire...he's been Everton boss for 5,000+ days and he still cant find an investor.

That takes a special kind of carelessness.

I have to admit, I respect a man that stays on message.

 

[davek]

I have to admit, I respect a man that stays on message.

Mr Consistency.