Londoners cash in for a very big house in the country

A very big house in the country: why publicity-shy Londoners are buying houses in the new cool countryside ‘banker. "I have a hunch this country house market is also being powered by older people choosing to move out now before any potential political or economic changes set in and take.

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it’s a very big city, and not everyone likes big cities. You have to take the (sometimes very) rough with the smooth. But every place you might live has pluses and minuses, and you have to choose your poison. @ Sarah – of course there are old people on the streets here! Elderly Londoners tend to be pretty tenacious, I can tell you.

For example, if you have a house worth 5,000 and you owe $105,000 on it, you’d probably net about $65,000 after sale and closing costs. That’s exactly what we paid for our current home in North Port, Florida – a two-bedroom, two-bathroom house with a garage and carport on a large lot. Buying a House for Cash, Step-by-Step

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It was a sexy headline and made for a great talking point, but the reality is that investors and analysts should be expecting.