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#1
01-22-2007, 05:57 PM
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Buy this 77 square foot apartment for $335,000
LONDON (AP) -- A prison cell-sized apartment without electricity is on sale for 170,000 pounds ($335,000) _ another sign that London's property market is booming despite rising costs and stagnant salaries.
Anywhere else this dilapidated studio might not have attracted such price. But this is London, where a 77 foot-square former storage room is being marketed as an investment property in the exclusive Knightsbridge neighborhood. "It's about the size of a ship's galley," said Andrew Scott, the director of Lane Fox, the agency handling the sale. "But it's permanently anchored to one of the wealthiest neighborhoods in the world." At more than 2,200 pounds ($4,340) a square foot, the mortgage buys a spot within walking distance of tony stores like Harrods and London's iconic Hyde Park. Originally conceived as a maid's room, the apartment at 18 Cadogan Place hasn't been used for years and is littered with trash bags and crumbling paint. http://www.breitbart.com/news/2007/01/22/D8MQGPLG2.html 
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#2
01-22-2007, 06:19 PM
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i'd buy it if i could, it'd be my getaway closet.
__________________
DA Admin "The original 'DA'." "If you liberals keep gettin' your way - we're all gonna hear one big loud flush. The sound of the U.S. of A. goin' straight down the toilet." -- Archie Bunker "I am free of all prejudices. I hate everyone equally." - W.C. Fields Why the Towers Fell
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#3
01-22-2007, 08:21 PM
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Insanity.
Fortunately all the big investors in high-end property are either Russian or from the Gulf States, when it crashes it will mainly be foreigners who suffer... How the poor people will laugh...
__________________
Legislators and revolutionaries who promise liberty and equality at the same time are either Utopian dreamers or charlatans. (Goethe) "I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations.... The means of defense against foreign danger historically have become the instruments of tyranny at home." (James Madison)  The Zipper Vodka Library GONE to recycling 
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