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2024-03-13 10:44:17
a large portion of the 'net worth' claimed above is due to appreciation in property prices: in Islington, for example, the *average* house price is >£850k, and that includes quite modest properties [Link]
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2024-03-13 12:07:07
NNN - appreciation in value of owned property is a valid component of someone's net worth
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2024-03-13 14:23:32
Note is needed - without context this can be misunderstood. The reality is unless they sell their properties, on a day-to-day basis, this is not an accurate reflection of their wealth relative to where they live. [Link]
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