$179m For that!!!!

Raymond Lin · 12 May 2015 at 22:36

maccapacca said:
These areas aren't really farm land producing valuable crops. They are empty bar a few cattle and EU subsidiaries probably paying 50k a year to do nothing with it. Total waste on both fronts.

Then that makes his rejection even more incredible.

asim18 · 12 May 2015 at 22:40

koolpc said:
How do you know they have worked hard? Could be drug money!

You think it's easy to make a $179,000,000 fortune from drugs? What's this guy selling mate I want what you're smoking.

Mynight · 12 May 2015 at 22:44

Asim would know.

.

Maccapacca · 12 May 2015 at 22:44

Raymond Lin said:
Then that makes his rejection even more incredible.

Just credit checked him. He owns a timber mill or yard and is part of a property development company. Some things fishy.

dowie · 12 May 2015 at 22:45

asim18 said:
You think it's easy to make a $179,000,000 fortune from drugs? What's this guy selling mate I want what you're smoking.

but the point that it could be money made illegitimately isn't unwarranted.... plenty of billionaires have acquired their wealth by dubious means

Mynight said:
Asim would know. .

Raymond Lin · 12 May 2015 at 22:47

maccapacca said:
Just credit checked him. He owns a timber mill or yard and is part of a property development company. Some things fishy.

He plans to build the 10,000 houses himself ?

dowie · 12 May 2015 at 22:57

maccapacca said:
Just credit checked him. He owns a timber mill or yard and is part of a property development company. Some things fishy.

well if someone clearly wants something from you and offers you a lot of money for it then it is almost always worth asking for more...

coming out in the press and stating that you're not going to sell out of principle etc..etc.. could help ensure the next offer is significantly higher - perhaps more so than just turning round and indicating that you would sell but for a bit more

though I don't think he's doing anything like that, I think he's genuine - his 'property development company' could be a fairly small business

Mynight · 12 May 2015 at 22:59

You can guarentee whatever you're offered pales in comparison to what it's worth.

Only issue is can you afford to do it yourself.

Maccapacca · 12 May 2015 at 23:02

Mynight said:
You can guarentee whatever you're offered pales in comparison to what it's worth.

Only issue is can you afford to do it yourself.

You'd easily get finance. 1000's of homes on prime south east land with planning. No brainer.

Tefal · 12 May 2015 at 23:02

koolpc said:
You would know?

Yeah I had to retire due to stress

George Hincapie · 12 May 2015 at 23:13

dowie said:
that is just silly, there is a housing shortage in this country, he's not really helping anyone long term - it is just farm land not some areas of outstanding natural beauty

maybe he perceives himself to be some sort of local hero for not selling up and believes he's standing up for some sound principle or other, perhaps some people in the local community/pub don't like outsiders or don't want more housing - NIMBYs etc...

while I'm sure he's quite well off regardless some of his relatives further down the line might well wish he'd made a different decision if that farm starts to struggle in future

Good for him I say.

Mynight · 12 May 2015 at 23:14

maccapacca said:
You'd easily get finance. 1000's of homes on prime south east land with planning. No brainer.

Fair point.

dowie · 13 May 2015 at 00:07

maccapacca said:
You'd easily get finance. 1000's of homes on prime south east land with planning. No brainer.

I'm sure a big developer could, or some investor with a track record working with a big developer

I'm not sure farmer Giles with his (previously worth 2.5 million) farm and a stake in a small property development company' could, at least not on his own.

edscdk · 13 May 2015 at 00:09

I accept other people see these items as having value, but to me it's only as valuable as a reasonable replica.

Qitarah · 13 May 2015 at 02:14

Some art is a good investment, a rar Picasso is certainly a good investment.

Also people have differing tastes, if you have unlimited money then what does it matter how you spend the money?

D.P. · 13 May 2015 at 02:22

dowie said:
that is just silly, there is a housing shortage in this country, he's not really helping anyone long term - it is just farm land not some areas of outstanding natural beauty

maybe he perceives himself to be some sort of local hero for not selling up and believes he's standing up for some sound principle or other, perhaps some people in the local community/pub don't like outsiders or don't want more housing - NIMBYs etc...

while I'm sure he's quite well off regardless some of his relatives further down the line might well wish he'd made a different decision if that farm starts to struggle in future

Got to say i would sell up in a heart beat. Can plow 100m into various other nature projects

dowie · 13 May 2015 at 02:42

well yeah, a few million could easily buy up a whole bunch more countryside many times the size of that farm, perhaps something a bit more significant than farmland too, wrap it up in a trust to be preserved in perpetuity

and he'd have 270 million to leave to the grandchildren or give to charity projects etc..

StriderX · 13 May 2015 at 06:27

He's part of that strange conservatism that doesn't like building houses and saving the fields.

Who did we elect again

Tommyzz · 13 May 2015 at 08:19

Probably a few dead bodies on that farm land.

joeyjojo · 13 May 2015 at 08:29

estebanrey said:
If you have $179 million, I don't think you really need a 'good investment', you already have A HUNDRED AND SEVENTY-NINE MILLION DOLLARS.

Got to beat inflation eating into your cash fortune somehow...

$179m For that!!!!

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