London’s Richest Residents Will Be Children
We all know that in the United States 1% of the population owns 99% of the wealth, but clearly the unequal distribution of money affects the rest of the world too. Although the 36-floor Heron Tower, situated in London’s Square Mile, is reckoning to offer flats from half a million, it will also house the city’s most expensive apartments, going at twice the floor space value of any comparative sites. The penthouses will be so expensive that nobody at the Heron’s sales office has even valued them yet.
And the publicity material for London’s Heron Tower has revealed an astonishing fact. The most likely residents are likely to be children, as overseas buyers snap them up so that their kids can use them while they’re at university. Two thirds are already sold.
While there’s always someone rich and stupid enough to pay this kind of money (how else can you explain why anyone would spend £60 on a ticket to ‘The Lion King’?) if they really wanted to give their kids a preparation for student life they should rent them a flatshare in Enfield with a hall full of bicycles and a tin of baked beans in the fridge.