The Rich get Richer

Burnham on Sea is the place where we used to go on holiday every year! Except I thought it was in Somerset?

@gilljane Second home owners are a problem here too. Locals can’t get to buy houses often because wealthy outsiders have pushed up the prices. Won’t change.

It does surprise when one sees wealthy folks managing to save taxes when others like us often have taxes on earnings even up to 5k or 10k units. Since last few days, even our 400 to 500 Rupees profits on Crypto are being taxed. The pretext : Crypto earnings can be used for Terror Funding. And the Government assumes that with a 400 or even 1000 Rupees profit, a stressed, busy and tired middle class guy would fund terrorists!! I think things would be similar in UK. I was reading an article that said that when pensions of many kind of ordinary folks can be stopped, then why do politicians who get so many perks when they are the elected members of Councils, Assemblies or Parliament get pensions and other post term benefits? Not a fair world for sure !!

Having new people in your neighbourhood can change the whole environment either for the best or worst

Yes, I would. 7 Km from us the famous and wealthy are buying properties on the Lake Como. This happened after George Clooney bought a house there and he invites famous people all the time- The locals are not happy at all.

Nah. Why would I be? They bring money with them. Nobody makes any money if only poor people are around. lol

If they spent money at my business, no.

Those kind are arrogant, showy, and abusive forgetting they came from dust and to dust they shall return.

I don't think you can get away from it. There are wealthy people everywhere.

It is time the tax status on these second homes and a few other things as well. I could be a radical on this!

It probably would increase housing prices. That could be good and bad. Have a good week.