A shared destiny

Saturday, December 05, 2009

Financial Times, by Lucy Warwick-Ching

Wealthy homeowners armed with surplus cash and a desire for luxury holidays have poured millions of pounds The recession hasn’t stopped the wealthy ‘Generation X-ers’ from escaping to their holiday villas It is not something most people with a Chiantishire villa or a bunk in Mustique will appreciate hearing Wealthy homeowners armed with surplus cash and a desire for luxury holidays have poured millions of pounds into the shared ownership industry over the past decade. The property boom that gripped the world made it seem as though the good times would never end and a few hundred thousand pounds for membership and annual fees for a scheme seemed a small price for a “millionaire’s lifestyle”. 

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