“Billionaires From Abroad”
The Wall Street Journal reported this week that 65 percent of all houses priced at $8 million or more in central London were bought by people born outside the U.K. last year. Location, taxes and history all play a role, according to Monday’s article by Cassell Bryan-Low and Jeanne Whalen. This is a very well-written article, with colorful details. It’s not just a real estate article, it’s a lifestyle story. We’re talking $18 cups of tea, $29 mojitos and $216,400 for one evening at a night club. This is a great read.
http://online.wsj.com/article_email/SB119154852396349806-lMyQjAxMDE3OTAxNTUwNDU4Wj.html
