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Post by Deleted on Oct 12, 2016 9:12:32 GMT -5
London is VERY expensive though. Not sure buying a place because you spend a few weeks a year there several times a year makes sense. Adam has also said in at least one interview, the weather doesn't suit him.
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Post by Q3 on Oct 12, 2016 9:28:02 GMT -5
Yes I did too, but with the uncertainty of the Brexit situation I think his financial advisors are telling him to wait. The financial situation of London is uncertain and I don't think anyone can predict what is going to happen in the next two years. On the other hand, if the value of the pound is dropping now would be the time to buy while the exchange rate is in his favor. That's sort of what helped Florida out during the real estate crash was having Europeans coming over and buying vacation homes and investment property while the exchange rate was good for them. As bad as the real estate market was we had an advantage in that this was already a desirable market for internationals and that helped take up some of the slack. Right now, even with the drop in the value of the pound, London is the #3 most expensive real estate market in the world (#1 Monaco, #2 Hong Kong, #4 New York) and considered by many very likely to drop because of real estate speculation. BTW the pound is now about 1.24 against the US Dollar it’s down almost 16% this year. I would be very, very surprised if Adam bought anything in London. He seems to be somewhat conservative with his money and investments -- and there are many alternatives to owning real estate. ETA Pattihum and I posted pretty much the same thing at the same time!  |
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Post by Deleted on Oct 12, 2016 11:17:19 GMT -5
I must say though that London brings out sexy international Adam better than any other city! "If only it had more sun"  |
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Post by freakydeaky on Oct 12, 2016 15:18:56 GMT -5
Having lived in a few different places in my life, I've got to say, all the best places have shitty weather!  |
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