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  • Your folks don't have to sell it at market value. Depends how much they love you..

    They sold it 11 years ago, a few years after I put myself out of the London housing market by moving to the Fens and buying a house with a double garage rather than a one bedroom flat somewhere in Zone Lots. IHT bill is still going to be a bitch though. I'd rather my father just spent it all, but he seems reluctant to do so. Still, taxation is the price of civilization so when the time comes we'll cough up.

  • a one bedroom flat somewhere in Zone Lots

    Aren't you in a relatively well-paid line of work? When I hear things like this I wonder who's buying the regular property in London... There can't be that many international money launderers surely.

  • Aren't you in a relatively well-paid line of work?

    On any objective analysis, ridiculously and absurdly so. The only basis on which I could possibly justify my hourly rate (which I'm not even supposed to know) is on the grounds that people are prepared to pay it. If I had bought a one bedroom flat in Zone Lots 20 years ago then no doubt I'd be climbing my way up the London property ladder with a crippling mortgage. But I didn't, and I'm not.

    When I hear things like this I wonder who's buying the regular property in London...

    You and me both. Mind you, Hampstead Garden Suburb may not constitute 'regular property'.

    There can't be that many international money launderers surely.

    I have this horrible feeling that there are. They're called 'bankers'.

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