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A comment on Even the Rich Are Being Priced Out of Central London. Parent comment

Re:Even the Rich Are Being Priced Out of Central London by pavel_lishin on Friday September 02, 2016 @03:16PM (#12415504)
People who can afford to buy overseas property for cash "just in case" are probably not worried about making an extra $3k/month, not if it adds the headache of being a landlord.
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Re:Even the Rich Are Being Priced Out of Central London by Symbiote on Friday September 02, 2016 @03:28PM (#12415599)
Note that £20-45k/month (US$25-60k/month) is more like the going rate for these properties.

http://www.nestoria.co.uk/mayfair/property/rent/2?price_min=...

But either the owner isn't interested in the money/hassle/attention, or occasionally uses the property — it's difficult to show off your fancy London apartment if people are living in it, and you can't casually lend it to friends or relatives.

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Re:Even the Rich Are Being Priced Out of Central London by puranjay on Friday September 02, 2016 @04:39PM (#12416104)
I reckon people with $25-60/month to rent out these properties would already have enough money to buy their own homes slightly away from the city center
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Re:Even the Rich Are Being Priced Out of Central London by Symbiote on Saturday September 03, 2016 @04:15AM (#12418276)
They probably do, but that doesn't mean they want to live there.

I pay $2k to live in a city centre. I could pay half that to live at the edge of the city, but then I'd be at the edge of the city.

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