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Tuesday, May 06, 2014

Flaunting Their Wealth

FLAUNTING THEIR WEALTH                                           
Nothing better sums up the gigantic economic gap that exists between the owning class and the working class than the housing market. At a time when many workers face rent and mortgage worries we have the flats at One Hyde Park in Knightsbridge, London making the news again. 'Last week a flat in Knightsbridge, central London was sold for a reported £140m, breaking the previous record. It is not even done up yet - when its east European owner has finished poncing about with designer throws, acres of marble and 50 shades of beige, it will be worth a further £20m.' (Sunday Times, 4 May) RD

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