Benggo Posted January 30, 2013 Share Posted January 30, 2013 Whilst not to do with Sheffield I pose the following question. George Osborne,the Chancellor,sold his near million pound house in his constituency of Tatton last January.With the arrival of the new high speed railway,property values will drop,the new railway is going to pass through Tatton. Do you think he knew of the route of the railway and sold before it became public? Link to comment Share on other sites More sharing options...
geared Posted January 30, 2013 Share Posted January 30, 2013 Quite obviously. They are not stupid you know. Link to comment Share on other sites More sharing options...
LeMaquis Posted January 30, 2013 Share Posted January 30, 2013 Do you think he knew of the route of the railway and sold before it became public? If true it would be the first sound financial decision he's ever made. But what did he do with the money? Did he buy another home in Tatton? Or in the Chilterns? Did he buy Facebook shares? Did he put it all on Mitt Romney being elected US president? The route isn't going to open for another 20 years. We'll be in George's 17th recession by then. I don't think he's smart enough to plan beyond tomorrow. Link to comment Share on other sites More sharing options...
mumkin Posted January 30, 2013 Share Posted January 30, 2013 If true it would be the first sound financial decision he's ever made. But what did he do with the money? Did he buy another home in Tatton? Or in the Chilterns? Did he buy Facebook shares? Did he put it all on Mitt Romney being elected US president? The route isn't going to open for another 20 years. We'll be in George's 17th recession by then. I don't think he's smart enough to plan beyond tomorrow. Evidently he is!! Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted January 31, 2013 Share Posted January 31, 2013 Whilst not to do with Sheffield I pose the following question. George Osborne,the Chancellor,sold his near million pound house in his constituency of Tatton last January.With the arrival of the new high speed railway,property values will drop,the new railway is going to pass through Tatton. Do you think he knew of the route of the railway and sold before it became public? Alternative view: HS2 might increase property values, so he'd have lost out. Really, neither he nor we can know for at least two decades! Link to comment Share on other sites More sharing options...
Joggit Posted January 31, 2013 Share Posted January 31, 2013 Why would a High Speed Link decrease house prices? I think that it would have the opposite effect. Link to comment Share on other sites More sharing options...
poppet2 Posted January 31, 2013 Share Posted January 31, 2013 Why would a High Speed Link decrease house prices? I think that it would have the opposite effect. It probably depends on just how near you are to the HS2 project. Who knows whose house will be be required for compulsory purchase. Apparently ex RTB council house Tenants won't get a very fair deal under these circumstances. Link to comment Share on other sites More sharing options...
Joggit Posted January 31, 2013 Share Posted January 31, 2013 It probably depends on just how near you are to the HS2 project. Who knows whose house will be be required for compulsory purchase. Apparently ex RTB council house Tenants won't get a very fair deal under these circumstances. OK. I get the full picture now....thanks. Link to comment Share on other sites More sharing options...
Manlinose Posted February 1, 2013 Share Posted February 1, 2013 Why would a High Speed Link decrease house prices? I think that it would have the opposite effect. if the train goes past the bottom of your garden, but you are miles away from the nearest station, you could argue that you get the downside without any of the benefits - i can see how some people would be put off buying such a property Link to comment Share on other sites More sharing options...
WeX Posted February 1, 2013 Share Posted February 1, 2013 The general route has been known for sometime within a few miles. He could have been hedging his bets. Link to comment Share on other sites More sharing options...
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