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  • Whilst I'm normally the first to back a pile-on of rich people, I don't think it's quite that simple.

    I too live in an area where many of the houses are expensive, but it's in South-East London, and most of the people with the big houses run relatively modest cars.

    A couple of my best mates are hedge-fund traders and make unbelievable amounts of money, but again, don't driver particularly flashy cars. Most of the hedge-fund traders I have met tend to be a bit weird - they look for the value in everything, which is why they all shop at Lidl.

    Through work I occasionally come into contact with the mega rich. A couple of years ago I had a meeting with the wife of one of the richest men in the country - she turned up in an old Nissan Micra, held together with gaffer tape.

    By contrast, my office used to be in Whitechapel, just off the Mile End Road, an area of grinding poverty, but you just couldn't move for high-end Beemers and Range Rovers.

    In short, rich people are twats, but they're not necessarily the problem.

  • A couple of my best mates are hedge-fund traders and make unbelievable amounts of money, but again, don't driver particularly flashy cars. Most of the hedge-fund traders I have met tend to be a bit weird - they look for the value in everything, which is why they all shop at Lidl.

    My anecdata is in contrast with yours then.

    The road next to me is mostly £4m+ houses, replete with a couple of hedge fund managers and corporate lawyers. It's mostly huge Volvos, Range Rovers or the Tesla that's bigger than a Volvo estate. If they have a normal/ratty car (as well) it's because it's for one of the children or the staff.

    (I too live in a big detached house, but one that has been cut up into flats.)

  • What part of London though?

  • The road next to me is mostly £4m+ houses, replete with a couple of hedge fund managers and corporate lawyers. It's mostly huge Volvos, Range Rovers or the Tesla that's bigger than a Volvo estate.

    Must be new money.

    (shudders)

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