I just read an article on The Independent website, by Robert Verkaik, titled, After all the gloom, at last there’s some good news on house prices…. The article dribbles on about how the Blairs’ numerous luxury pimp pads are decaying in value.
Now, there’s 2 points I want to drag up about this verbal vomit:
1) Who cares? Big-T sure as hell doesn’t. He’s earning shit loads.
2) if he’s suffering from negative equity….here it is….then surely a lot of other people are? So how can it be good news (YOU IDIOT)?
The article got swamped with responses; naturally, there was the healthy mixture of “hey, I agree. I’m stupid” and “hey, I see the bigger picture” responses. It was refreshing to discover that not everyone is as stupid as the media thinks.
Here are some of the favourable responses:
What a stupid article. All the schadenfreude about the Blair’s negative equity but nowhere does it mention that Tony and Cherie have already earned far more than the cost of the properties via their autobiographies and public appearances.
I never said I agreed with Bliar and his cronies (I don’t BTW), but this attitude of people saying this kind of thing is ‘good news’ and people standing around chanting negative guff needs fixing.
Actually that article is a bit off – regardless of how revolting the Blair family is. How is this news beneficial to anyone ??
I’m undoubtedly with these guys. Of course, there were other monkeys responding that were joyed with the gray cloud pissing on the Blairs’. I’m pretty certain they don’t actually see the bigger picture.
Unfortunately, negative equity doesn’t just affect Tony Blair. Shocking, right? If he’s suffering from it then the nation as whole is. So, is Robert Verkaik saying that the moral of the story is: “the good thing about bringing down a nation with negative equity is that you get to drag down people you don’t like, too”? Whether that was intentional or not is besides the point, because that’s what he was ultimately saying.
Moreover, I doubt Blair purchased his luxury properties for a quick “buy and sell for profit” scenario. I can’t imagine him on the next series of Property Ladder, can you? Unfortunately, the journalist was unable to understand that basic concept, so he was left standing yanking his pants out of his ass while pondering on the Blairs’ choice of investment. I guess, “Long-term investment” was just way too complicated to comprehend.
Bottom line, I doubt Tony gives a fuck about negative equity. As someone mentioned, the Blairs’ are ejaculating fiddy pound notes- “they’re minted”. They won’t fall back on payments, and they’ll eventually clear their mortgages. Let’s not forget, property prices don’t fall forever.
Sadly, this whole ordeal isn’t even remotely positive news, even for those who hate Tony. Why? Because he’s rich, he’ll pull through. As for the rest of the average lower/middle class population, they’ll be actually suffering from negative equity, and not just riding it through like the Blairs’. Oh.
Disclaimer: I'm just a simple landlord blogger; I'm not qualified to give legal or financial advice. Any information I share is my opinion based on my personal experiences as an active landlord, and should never be construed as legal or professional advice. For more information, please read my full disclaimer.