Drudge Retort: The Other Side of the News
Monday, May 05, 2014

London's red-hot property market has hit a new record with the sale of a $237 million apartment. An Eastern European buyer bought the 16,000-square-foot unfurnished penthouse at the One Hyde Park apartment block. Prime central London house prices have risen 79.4 percent since March 2009, against a 40.6 percent increase in greater London house prices over the same period, according to Savills data. "There is a concern over the market overheating," said One Hyde Parkdeveloper Nick Candy.

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Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

If your single, make a ton of money, and can cope with the weather, London is a great town.

"Great views but for that price, I'd better pen up the curtains and see breasts against the window". - Gary Shandling

#1 | Posted by CrisisStills at 2014-05-05 09:42 AM | Reply | Flag:

with private jets, the internet, etc..I'm surprised that location is still this significant. I realize that commerce is important probably a big reason for this but good grief.

#2 | Posted by eberly at 2014-05-05 10:00 AM | Reply | Flag:

Reading these makes me feel so damn poor.

#3 | Posted by BruceBanner at 2014-05-05 11:26 AM | Reply | Flag:

#3

don't do that to yourself.

Thou shalt not covet thy neighbor's $237 million Apartment.

#4 | Posted by eberly at 2014-05-05 11:30 AM | Reply | Flag: | Funny: 2

Oh, I don't want a 16,000 sq ft apt. But the relative gap does not escape my notice.

#5 | Posted by BruceBanner at 2014-05-05 02:20 PM | Reply | Flag:

You would think that 237 Million would at least buy a mansion or a castle, not just an unfurnished apartment. There are small towns in Arizona were the assessed value of all the homes in the entire town is less the 237 million (admittedly most are 40+ year old mobile homes)

#6 | Posted by SammyAZ_RI at 2014-05-05 05:27 PM | Reply | Flag: | Funny: 1

There are small towns in Arizona were the assessed value of all the homes in the entire town is less the 237 million (admittedly most are 40+ year old mobile homes)
#6 | Posted by SammyAZ_RI

But you gotta admit, the Day-Glo spray job Sniper applies to his every ten or twelve years adds more to the property values than all those oil-drum incinerators, rusted out cars, and growling pit bulls decorating most of the yards.

#7 | Posted by Doc_Sarvis at 2014-05-05 05:40 PM | Reply | Flag: | Funny: 1

This world needs some SERIOUS wealth redistribution.

If you have more money that you and your family could ever need yet you still use that wealth to buy political favors to gain more wealth and screw over the underclass, you are a hinderance to human happiness and deserve a violent uprising.

#8 | Posted by SpeakSoftly at 2014-05-05 05:57 PM | Reply | Flag: | Newsworthy 1

#8....The amount of wealth that other people have is none of your business nor is it anyone else's business.

#9 | Posted by Visitor2 at 2014-05-05 07:22 PM | Reply | Flag: | Newsworthy 1

But you gotta admit, the Day-Glo spray job Sniper applies to his every ten or twelve years adds more to the property values than all those oil-drum incinerators, rusted out cars, and growling pit bulls decorating most of the yards.
#7 | Posted by Doc_Sarvis

Doc Sarvis ...Your right on the money 3 years ago I rented a crappy mobile home to Tow truck driver, my tenant and "his woman" have tastefully "decorated" the yard with a dozen used appliances about six junk cars and trucks a few motors and transmissions, and to guard their priceless possessions the have 5 or 6 stay dogs, for some reason they have covered most of the windows with cardboard and plywood ? ?

#10 | Posted by SammyAZ_RI at 2014-05-05 07:57 PM | Reply | Flag:

.Your right on the money 3 years ago I rented a crappy mobile home to Tow truck driver, my tenant and "his woman" have tastefully "decorated" the yard with a dozen used appliances about six junk cars and trucks a few motors and transmissions, and to guard their priceless possessions the have 5 or 6 stay dogs, for some reason they have covered most of the windows with cardboard and plywood ? ?

So why didn't you have a provision in the lease that prohibited this sort of thing -- especially if it's a "crappy mobile home" where something like this is likely to occur. No offense, but you got what you deserve if you didn't foresee this sort of thing and make provisions in the leasing contract to prevent it from happening.

#11 | Posted by goatman at 2014-05-05 08:03 PM | Reply | Flag:

This sounds like the perfect place to take a $550,000 virgin.

#12 | Posted by Whizzo at 2014-05-05 08:40 PM | Reply | Flag:

"This world needs some SERIOUS wealth redistribution."

That's the liberal wacked out view. Take wealth from those who have it and give it to everyone else. It's been tried. It will always fail.

Stop being so insanely jealous and go make your own.

Stupid price police.

#13 | Posted by sames1 at 2014-05-05 09:48 PM | Reply | Flag:

That's the liberal wacked out view. Take wealth from those who have it and give it to everyone else. It's been tried. It will always fail.

Stop being so insanely jealous and go make your own.

Stupid price police.

You must hate the story of Robin Hood lol.

Thats ok. If the wealth isn't taken blood eventually will be. It has been tried and always works.

#14 | Posted by dibblda at 2014-05-06 02:37 AM | Reply | Flag: | Newsworthy 1

If the wealth isn't taken blood eventually will be. It has been tried and always works.

#14 | Posted by dibblda

Except for those times when the wealthy decide to buy pointer sticks than the poor ever could.

#15 | Posted by mariosanchez at 2014-05-06 03:09 AM | Reply | Flag:

#8....The amount of wealth that other people have is none of your business nor is it anyone else's business.

#9 | Posted by Visitor2

If they're using their wealth to buy off my elected representatives, cut resources and programs for everyone else while getting tax cuts for themselves, writing regulations to outlaw their competitors, or if they got rich by helping to destroy the planet I live on, then it IS definitely MY and EVERYONE'S business.

Nice that you pop up to defend the mega wealthy though. Just know that you're a sucker and they'll never let you in to the club.

#16 | Posted by SpeakSoftly at 2014-05-06 12:38 PM | Reply | Flag: | Newsworthy 1

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