> What this means for Brewer is that even if he does achieve his asking price, he will still be walking away with little to no profit after a decade of ownership. 'Given the amount we paid for the flat and have invested in its renovation, I would have expected to put it on for £5 million ($6.25 million), not £4 million ($5.02 million),' he said
So.. he'll remain as rich as he is. Oh noes, the humanity.
"But my speculative asset was supposed to be a guaranteed profit with no risk!"
Divide all the numbers by two or three and you have a small flat and someone with a smaller income and a big mortgage. A more difficult fate, I would say.
It would be so nice if the only people affected by problems were people you don't like.