General / Off-Topic is this legal property deal

[starman]

Outrage as banker who bought 175ft Gothic tower for £425,000 is now selling it for £2MILLION - after £3million in taxpayers' cash was spent on restorations so it could be opened to public

http://www.dailymail.co.uk/news/art...er-bought-banker-425-000-market-2million.html

 

[Demascus]

3 million in tax payer money into building before the sale. Owning group disbands, bought by a private citizen. Private citizen decides to sell his property at a profit.

Seems all legit and legal to me. Smart man if he successfully sells it.

 

[Patrick_68000]

A banker ?

Burn him !

 

[Flimley]

A banker ?

Burn him !

Now that made me laugh. But, sometimes I am employed by bankers. We can’t burn them all ! [haha]

Flimley

 

[Patrick_68000]

Now that made me laugh. But, sometimes I am employed by bankers. We can’t burn them all ! [haha]

Flimley

We can indeed keep some specimens for your professional safety

 

[lysan]

A banker ?

Burn him !

[video=youtube;zrzMhU_4m-g]https://www.youtube.com/watch?v=zrzMhU_4m-g[/video]

 

[Chris Simon]

Unethical? Definitely. Illegal? Not in any countries I know of.

 

[SMcA]

Now that made me laugh. But, sometimes I am employed by bankers. We can’t burn them all ! [haha]

Flimley

Lock them up and throw away the key.

I've been employed by banks too.

 

[Manticore]

Actually no. In my opinion greed is not good.

 

[Patrick_68000]

Lock them up and throw away the key.

But keep the keys to the safe

 

[Ethaidan]

It should depend on where exactly the funds came from, and the existence of any future sale/profit clauses. Most of the listed buildings I've worked on that have received 'publuc' funding for repairs have had sale clause that allows funding bodies to claim back money from sale profits - or at least try to.