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If I'm paying, or we're paying, £2 million for a property, | 0:00:00 | 0:00:03 | |
two-bed here, and it costs a quarter or less than that, | 0:00:03 | 0:00:07 | |
it's considered affordable. | 0:00:07 | 0:00:08 | |
London, it's a global city, it's got a great government. | 0:00:08 | 0:00:11 | |
It's considered a safe haven. | 0:00:11 | 0:00:13 | |
And there's no shortage of Brits spreading the word. | 0:00:13 | 0:00:17 | |
Property values are rising throughout the UK. | 0:00:17 | 0:00:20 | |
In particular they've been rising in London and the South East. | 0:00:20 | 0:00:25 | |
Cheap. | 0:00:25 | 0:00:26 | |
Very cheap. No, I'm serious! | 0:00:26 | 0:00:29 | |
I actually spent a week over there and I found something. | 0:00:29 | 0:00:32 | |
What would your message to all those Londoners that | 0:00:32 | 0:00:34 | |
-you're beating in the purchase? -Don't push us out. | 0:00:34 | 0:00:37 | |
We're coming in with the money | 0:00:37 | 0:00:39 | |
so I think it's good for the economy, I guess. | 0:00:39 | 0:00:42 | |
Do you understand why Londoners are getting angry, | 0:00:42 | 0:00:44 | |
-with you guys buying all this property? -I would be. | 0:00:44 | 0:00:47 | |
CAR HORN BEEPS | 0:00:47 | 0:00:49 | |
Take a look at this tiny micro apartment. | 0:00:52 | 0:00:55 | |
It's all £330,000 will buy you in Hong Kong. | 0:00:55 | 0:00:59 | |
So, just looking at this, this is why... | 0:00:59 | 0:01:02 | |
-..London and the UK are so appealing to Chinese investors. -Exactly. | 0:01:03 | 0:01:08 | |
You can live here and you do everything on your own. | 0:01:08 | 0:01:11 | |
-But you'd want to be on your own in here. -Yeah. | 0:01:11 | 0:01:16 | |
For the same money, a Chinese investor can get a decent | 0:01:16 | 0:01:19 | |
two/three-bed buy to let in London, earning double the rent | 0:01:19 | 0:01:23 | |
but that's just the type of home Londoners are desperate to buy. | 0:01:23 | 0:01:28 | |
Centaline is one of Hong Kong's biggest estate agents. | 0:01:28 | 0:01:32 | |
This worker is closing a sale on far-off Croydon. | 0:01:32 | 0:01:35 | |
An Englishman might think his home is his castle, | 0:01:35 | 0:01:38 | |
but the boss here considers it a toy. | 0:01:38 | 0:01:41 | |
Some people are buying property as a toy. | 0:01:41 | 0:01:44 | |
Actually, maybe in UK there is some very special property, | 0:01:44 | 0:01:48 | |
-they will like it and they buy it. -As a toy? -As a toy. | 0:01:48 | 0:01:51 | |
It's a touchy subject. | 0:01:51 | 0:01:53 | |
These London agents wouldn't be interviewed about the Hackney | 0:01:53 | 0:01:56 | |
flats they're selling here. | 0:01:56 | 0:01:58 | |
OK, so essentially you're saying you can't now do the interview... | 0:01:58 | 0:02:01 | |
'One by one, British estate agents are going shy.' | 0:02:01 | 0:02:04 | |
Londoners will see Chinese people buying their homes | 0:02:04 | 0:02:07 | |
and you don't want them to know that. | 0:02:07 | 0:02:09 | |
But back at the expo, Savills' Head of Asia braved the camera to explain | 0:02:09 | 0:02:14 | |
why on earth New London homes are being offered to Asia first. | 0:02:14 | 0:02:19 | |
I have to say that we normally do bring out | 0:02:19 | 0:02:21 | |
an exhibit in Asia first | 0:02:21 | 0:02:23 | |
because culturally people are accepting to buy two or three years | 0:02:23 | 0:02:26 | |
in advance, and British people can buy if they want, | 0:02:26 | 0:02:29 | |
they just choose not to most of the time. | 0:02:29 | 0:02:31 | |
Something like Battersea, one of the biggest elements of that being | 0:02:31 | 0:02:34 | |
a success is that it was sold off plan. | 0:02:34 | 0:02:36 | |
How many times did it change hands in the course of the last 30 years? | 0:02:36 | 0:02:40 | |
It's sat there, derelict, | 0:02:40 | 0:02:41 | |
and actually it is going to be a huge pinnacle point of London | 0:02:41 | 0:02:44 | |
and really set itself on the map over the course of the next ten years. | 0:02:44 | 0:02:48 | |
This is a brochure for Capital Towers, E15 Stratford. | 0:02:48 | 0:02:52 | |
6,000 miles away. It is incredibly glossy. | 0:02:52 | 0:02:55 | |
There are aerial views, room interiors, | 0:02:55 | 0:02:58 | |
they've sold most of the flats. | 0:02:58 | 0:03:00 | |
But in reality, this building does not yet exist. | 0:03:00 | 0:03:04 | |
This is it, a building site next to three tiers of traffic | 0:03:08 | 0:03:12 | |
and the rather bleak Bow Flyover. | 0:03:12 | 0:03:14 | |
At 326,000 for a one-bed, | 0:03:14 | 0:03:18 | |
it's no option for our first-time buyers. | 0:03:18 | 0:03:21 | |
The brochure claims it's 20 minutes from Buckingham Palace. | 0:03:21 | 0:03:24 | |
If you do get a royal invite, be warned. | 0:03:24 | 0:03:27 | |
Transport for London say it's 54 minutes door-to-door. | 0:03:27 | 0:03:31 | |
But back at his Hong Kong office, | 0:03:31 | 0:03:34 | |
Neil Jensen has already sold most of them. | 0:03:34 | 0:03:37 | |
It's been one of the fastest selling this year, I'd say. | 0:03:37 | 0:03:39 | |
In one weekend it was over 50. | 0:03:39 | 0:03:41 | |
And then down in Singapore, there was about another 30 down there. | 0:03:41 | 0:03:44 | |
-So, it's been... busy. -There's not many left at all now, is there? -No. | 0:03:44 | 0:03:50 | |
Computer-generated images as to what it's going to look like really | 0:03:50 | 0:03:54 | |
do help us. People can go onto Google Earth now. | 0:03:54 | 0:03:56 | |
You can walk down the street on your computer screen. | 0:03:56 | 0:03:59 | |
So people can see it. | 0:03:59 | 0:04:00 | |
We have images of how that would look. You can see the London Eye. | 0:04:00 | 0:04:04 | |
And that's how they buy in Asia. | 0:04:04 | 0:04:05 | |
So if they buy in Asia, then they can do that for London. | 0:04:05 | 0:04:09 | |
But there's growing anger over Asia being offered the pick of the crop. | 0:04:11 | 0:04:15 | |
There's not many left now. Most of them seem to have gone. | 0:04:15 | 0:04:19 | |
What went last night? | 0:04:19 | 0:04:21 | |
2401 went last night. | 0:04:21 | 0:04:23 | |
Some developers are now offering to UK buyers first, or at the same time | 0:04:23 | 0:04:28 | |
as Asia, but if Chinese investors here stick to their habits, | 0:04:28 | 0:04:32 | |
this experienced Hong Kong estate agent has a warning for London. | 0:04:32 | 0:04:36 | |
They view the property market almost like the equities market. | 0:04:37 | 0:04:40 | |
They look at the... they're in and they're out, they speculate heavily. | 0:04:40 | 0:04:44 | |
People like to normally go in, buy a property | 0:04:44 | 0:04:46 | |
and sell 12 months later, it's a very short-term view. | 0:04:46 | 0:04:49 | |
It's viewed as a commodity. They don't care where it is. | 0:04:49 | 0:04:52 | |
-They're just after capital growth. -London versus rest of UK. | 0:04:52 | 0:04:56 | |
People often will buy property and never put a tenant in there. | 0:04:56 | 0:04:59 | |
To have a tenant in a property in Hong Kong | 0:04:59 | 0:05:01 | |
if you want to sell it is a negative. | 0:05:01 | 0:05:04 | |
You look up at high-rise buildings here at night, | 0:05:04 | 0:05:07 | |
and all the lights are off. | 0:05:07 | 0:05:08 | |
And that's because a third of the building is probably | 0:05:08 | 0:05:11 | |
owned by mainland Chinese and they just keep their shopping bags there | 0:05:11 | 0:05:15 | |
when they visit once a quarter. | 0:05:15 | 0:05:16 | |
That property over there, that's nice... | 0:05:16 | 0:05:19 | |
Back in London, with so many struggling to buy, | 0:05:19 | 0:05:23 | |
investment homes standing empty have become very embarrassing. | 0:05:23 | 0:05:27 | |
I have responsibility for housing and development in the council. | 0:05:27 | 0:05:30 | |
This Islington councillor claims he has evidence it is happening | 0:05:30 | 0:05:34 | |
here at the luxury Bezier Building on Old Street, | 0:05:34 | 0:05:37 | |
where flats go for over a million. | 0:05:37 | 0:05:40 | |
I think the problem that I found | 0:05:40 | 0:05:41 | |
when I started digging in some of the electoral roll data | 0:05:41 | 0:05:44 | |
and the council tax data is almost half of these 127 flats | 0:05:44 | 0:05:48 | |
are registered as empty, or have no response to the electoral roll. | 0:05:48 | 0:05:53 | |
And the other ones have a strange combination of sometimes students | 0:05:53 | 0:05:57 | |
registered as being exempt, sometimes companies, | 0:05:57 | 0:06:00 | |
and actually only about a third of these flats are what you might call | 0:06:00 | 0:06:03 | |
a typical use where you've got an individual registered to vote | 0:06:03 | 0:06:06 | |
and registered to pay council tax. I think a lot of these flats are being used | 0:06:06 | 0:06:10 | |
as places for wealthy people, particularly people from overseas | 0:06:10 | 0:06:13 | |
to stash their cash, sit back whilst they see their asset go up in value. | 0:06:13 | 0:06:16 | |
I think it's really galling, | 0:06:16 | 0:06:17 | |
it's really insulting to Londoners who need somewhere to live and work. | 0:06:17 | 0:06:22 | |
These are the views. | 0:06:22 | 0:06:24 | |
'Inside these very plush apartments, | 0:06:24 | 0:06:26 | |
'Bezier say they know of only four empty flats.' | 0:06:26 | 0:06:30 | |
Can you stop people buying one of these and then leaving it empty? | 0:06:30 | 0:06:34 | |
No, we can't. | 0:06:34 | 0:06:36 | |
But the fact of the matter is, that is not what is happening here. | 0:06:36 | 0:06:40 | |
The facts are here to be seen | 0:06:40 | 0:06:41 | |
when you physically spend the time in the development | 0:06:41 | 0:06:44 | |
and you see who lives here and who is here on a day-to-day basis. | 0:06:44 | 0:06:48 | |
You don't go by the figures that he has gathered from Islington Council? | 0:06:48 | 0:06:52 | |
Most certainly not. | 0:06:52 | 0:06:54 | |
Islington Council is now considering a plan to fine owners thousands | 0:06:54 | 0:06:58 | |
of pounds for sitting on empty homes. | 0:06:58 | 0:07:00 | |
Politics is now targeting the foreign investors. | 0:07:00 | 0:07:04 | |
We will end the nonsense of people putting a chair in a home | 0:07:04 | 0:07:07 | |
and saying it's no longer empty. | 0:07:07 | 0:07:09 | |
We've got to... We've got a massive housing crisis here in London. | 0:07:09 | 0:07:12 | |
Labour is talking about this and showing how we will act. | 0:07:12 | 0:07:15 | |
-Oh! -It's all right. You're perfectly safe with me, don't worry. | 0:07:17 | 0:07:20 | |
London's Conservative mayor has worked hard for Chinese investment | 0:07:20 | 0:07:24 | |
to the capital. | 0:07:24 | 0:07:25 | |
But earlier this year, he too gave warning to foreign speculators. | 0:07:25 | 0:07:30 | |
We want to see these new-build homes, | 0:07:30 | 0:07:33 | |
or these homes that they buy, lived in. | 0:07:33 | 0:07:35 | |
Because my view is that London homes aren't some kind of new global | 0:07:37 | 0:07:41 | |
asset class, | 0:07:41 | 0:07:43 | |
they aren't just blocks of bullion. | 0:07:43 | 0:07:47 | |
Lovely to meet you both. | 0:07:47 | 0:07:48 | |
If you've got any questions, I'll give you my card. | 0:07:48 | 0:07:51 | |
At Eagle Old Street, Michael's client might buy. | 0:07:51 | 0:07:54 | |
I think 90% or 80% that he will choose one. Yes. | 0:07:54 | 0:07:58 | |
As we rise above the showroom, | 0:07:58 | 0:08:00 | |
the developer warns British politicians and the public to be | 0:08:00 | 0:08:04 | |
very careful what they wish for when sneering at foreign investors. | 0:08:04 | 0:08:08 | |
Your traditional London purchaser, in Mount Anvil's experience, | 0:08:08 | 0:08:11 | |
did not buy off plan. | 0:08:11 | 0:08:13 | |
A building like this, which was idle for about three years, | 0:08:13 | 0:08:17 | |
27 storeys, | 0:08:17 | 0:08:18 | |
ugly concrete frame, without those forward sales | 0:08:18 | 0:08:21 | |
this building would not have been restarted. | 0:08:21 | 0:08:25 | |
So Mount Anvil has created about 1,000 jobs out of this building. | 0:08:25 | 0:08:29 | |
And a lot of our purchasers here are actually London people as well | 0:08:29 | 0:08:32 | |
so we think it's a win-win. | 0:08:32 | 0:08:34 | |
And there's about 70 affordable homes here as well. | 0:08:34 | 0:08:37 | |
And that wouldn't have happened if we didn't have the international buyers. | 0:08:37 | 0:08:41 | |
That's...two houses, £150, please. | 0:08:44 | 0:08:47 | |
It's a cruel twist that many investment apartments will be | 0:08:47 | 0:08:51 | |
rented out to the Londoners now priced out of buying. | 0:08:51 | 0:08:54 | |
So, do you want to go that way and I'll go that way | 0:08:54 | 0:08:57 | |
and meet in the middle? | 0:08:57 | 0:08:58 | |
Jess has taken to leafleting homes, | 0:08:58 | 0:09:00 | |
desperate to escape those mass viewings and sealed bids. | 0:09:00 | 0:09:05 | |
"Please excuse this rather direct approach but there is very little | 0:09:05 | 0:09:08 | |
"on the market and your house looks like one we would be interested in." | 0:09:08 | 0:09:12 | |
I'm going to be 30 in six months' time. | 0:09:12 | 0:09:15 | |
I don't want to be paying off someone else's mortgage, | 0:09:15 | 0:09:18 | |
I want to pay my own mortgage. | 0:09:18 | 0:09:19 | |
I'm now looking in Forest Gate, | 0:09:19 | 0:09:23 | |
which is | 0:09:23 | 0:09:25 | |
an area that is, for want of a better term, up and coming. | 0:09:25 | 0:09:28 | |
-Is there much crime round here? -Huh? -Is there much crime round here? -No. | 0:09:28 | 0:09:32 | |
You've got to imagine it without all the stuff in it, haven't you? | 0:09:32 | 0:09:36 | |
So this is the one that I'm going to see on Saturday. | 0:09:36 | 0:09:40 | |
And it looks quite nice actually, if you have a look. | 0:09:40 | 0:09:43 | |
It does, but you've got five minutes, | 0:09:43 | 0:09:45 | |
you got a five-minute slot to see it. | 0:09:45 | 0:09:47 | |
"Text us by five o'clock." | 0:09:47 | 0:09:49 | |
-Well... -The pressure is just unbelievable on you. | 0:09:49 | 0:09:51 | |
They're just out of my price range, really. | 0:09:51 | 0:09:54 | |
The truth, I'm just going to help her financially. | 0:09:54 | 0:09:57 | |
I've got friends who say, "Oh, we stood on our own two feet, | 0:09:57 | 0:10:01 | |
"we got on the housing ladder, we got going | 0:10:01 | 0:10:03 | |
"and no-one give us any help." | 0:10:03 | 0:10:05 | |
They don't think that's a realistic approach or a fair approach | 0:10:05 | 0:10:08 | |
to adopt now. I think actually we've just been really lucky. | 0:10:08 | 0:10:12 | |
It is incredible that my daughter is now priced out of Walthamstow. | 0:10:12 | 0:10:16 | |
Priced out of boroughs they would have once had nightmares about living in | 0:10:19 | 0:10:23 | |
and pushed to new frontiers in the wild east of London, | 0:10:23 | 0:10:28 | |
gambling on the new railroad, Crossrail, halving journey times | 0:10:28 | 0:10:32 | |
into town in 2018. | 0:10:32 | 0:10:34 | |
I really think once Crossrail comes to Forest Gate people are going | 0:10:34 | 0:10:38 | |
to start to realise the value of Crossrail, that you can get | 0:10:38 | 0:10:41 | |
into Liverpool Street really quickly, get to Paddington really quickly, | 0:10:41 | 0:10:45 | |
and it's going to make it more desirable for overseas investors as well. | 0:10:45 | 0:10:49 | |
But if Jess thinks the overseas competition hasn't noticed | 0:10:50 | 0:10:54 | |
Crossrail, I've some very bad news from Hong Kong. | 0:10:54 | 0:10:58 | |
There are plenty of wise old Chinese proverbs | 0:11:02 | 0:11:04 | |
but perhaps one for the 21st century, certainly for | 0:11:04 | 0:11:07 | |
Hong Kongers, is "He who buys near a new subway station | 0:11:07 | 0:11:11 | |
"makes lots of money." | 0:11:11 | 0:11:13 | |
Until 1979, Hong Kong had no subway, | 0:11:15 | 0:11:19 | |
now it has 152 stations. | 0:11:19 | 0:11:21 | |
And every new suburb it reaches sees property values soar, | 0:11:21 | 0:11:26 | |
so the Chinese get Crossrail. | 0:11:26 | 0:11:28 | |
MAN ON RADIO: The Queen stayed at the controls for the short journey | 0:11:28 | 0:11:31 | |
between Green Park and Oxford Circus. | 0:11:31 | 0:11:33 | |
Londoners haven't seen a completely new Tube line | 0:11:33 | 0:11:36 | |
since the opening of the Victoria, way back in 1969. | 0:11:36 | 0:11:41 | |
Crossrail is the single biggest driver. | 0:11:41 | 0:11:44 | |
In Asia they just see opportunity. | 0:11:44 | 0:11:46 | |
And they know that there's an end product there | 0:11:46 | 0:11:49 | |
and that is definitely driving the market, no doubt about it. | 0:11:49 | 0:11:52 | |
So they're looking at maps of Crossrail and buying along the line? | 0:11:52 | 0:11:56 | |
Absolutely. | 0:11:56 | 0:11:57 | |
London's rapid new East-West connection, | 0:11:57 | 0:12:00 | |
paid for by London business and British taxpayers, | 0:12:00 | 0:12:04 | |
and now shaping where Mr Liang invests £1 million. | 0:12:04 | 0:12:09 | |
I'm looking for a house around a million. | 0:12:09 | 0:12:13 | |
-Around a million? -Yes. -And you know there is a Crossrail. | 0:12:13 | 0:12:17 | |
Yes, I know the Crossrail is going to complete in 2018. | 0:12:17 | 0:12:20 | |
I believe after Crossrail finishes, the capital income will be | 0:12:20 | 0:12:25 | |
increased roughly around 10 to 15% every year. | 0:12:25 | 0:12:30 | |
They're not living with the roadworks, | 0:12:30 | 0:12:32 | |
they're not living with the signs and all the rest of it, | 0:12:32 | 0:12:35 | |
they just think, "Wow, in five years that's only going to be | 0:12:35 | 0:12:38 | |
"15 minutes away and at the moment it's nearly an hour." | 0:12:38 | 0:12:41 | |
There's always been foreign investment in London, always. | 0:12:41 | 0:12:45 | |
But you can't be a world city and not allow foreign buyers. | 0:12:45 | 0:12:49 | |
But it's not just gleaming towers for sale here. | 0:12:51 | 0:12:54 | |
How about a slice of the protected green belt surrounding London? | 0:12:54 | 0:12:59 | |
Chinese investors are buying it up, | 0:12:59 | 0:13:01 | |
gambling we'll have to build on it eventually. | 0:13:01 | 0:13:05 | |
It's great because the profit at the end is about 600%. | 0:13:05 | 0:13:09 | |
So essentially you are selling land at the moment that hasn't got | 0:13:09 | 0:13:13 | |
planning permission but the idea is, buy now and at some point | 0:13:13 | 0:13:16 | |
they may get it, because London is getting bigger and bigger? | 0:13:16 | 0:13:19 | |
Exactly. | 0:13:19 | 0:13:20 | |
Obviously with all that pressure on the government, | 0:13:20 | 0:13:23 | |
-permissions are becoming easier. -It just seems crazy. | 0:13:23 | 0:13:26 | |
It's a great long-term investment. It's a great one. | 0:13:26 | 0:13:28 | |
I don't care where you're from, if you've got money | 0:13:28 | 0:13:30 | |
and you'd like to invest, this makes all the sense in the world. | 0:13:30 | 0:13:33 | |
I'm beginning to wonder, is this a London mania? | 0:13:33 | 0:13:36 | |
One man here called in lawyers after buying a property | 0:13:36 | 0:13:40 | |
described as a 40 minute walk to central London. | 0:13:40 | 0:13:43 | |
It was in Lincolnshire. | 0:13:43 | 0:13:45 | |
Some people are going to get burned, aren't they? | 0:13:45 | 0:13:48 | |
If you're buying in a sort of secondary location where the | 0:13:48 | 0:13:51 | |
large majority of owners are foreign, who are in there speculating, | 0:13:51 | 0:13:56 | |
suddenly if the market drops 5% and everyone is looking to sell | 0:13:56 | 0:14:00 | |
at the same time, it just pushes the price down further. | 0:14:00 | 0:14:03 | |
-So there could be tears? -I'd say there'd be a few tears, yeah. | 0:14:03 | 0:14:07 | |
Nowhere is this more apparent than along the River Thames. | 0:14:07 | 0:14:10 | |
Areas once considered pretty rough are now seeing luxury | 0:14:10 | 0:14:14 | |
developments, £900,000 and up per apartment. | 0:14:14 | 0:14:18 | |
It seems absurd to local residents. | 0:14:18 | 0:14:20 | |
And some experts are also getting worried. | 0:14:20 | 0:14:24 | |
In the 15 years we've been running Estates Gazette, London | 0:14:24 | 0:14:26 | |
Residential Research, we've never seen anything like this. | 0:14:26 | 0:14:30 | |
Over half the units in the pipeline are going up in this necklace | 0:14:30 | 0:14:34 | |
of high-end, high-rise towers to the south of the Thames | 0:14:34 | 0:14:37 | |
and you ask a Londoner and they will tell you, | 0:14:37 | 0:14:40 | |
these properties aren't really in places you would call prime. | 0:14:40 | 0:14:43 | |
Never mind super prime. | 0:14:43 | 0:14:44 | |
And yet they are attracting Mayfair style price tags. | 0:14:44 | 0:14:47 | |
And you've got to say, | 0:14:47 | 0:14:49 | |
what happens off the back of those Mayfair style price tags? | 0:14:49 | 0:14:52 | |
Well, we reckon this has all the hallmarks of a bubble. | 0:14:52 | 0:14:56 | |
And the researchers tell me this bubble has maybe two-and-a-half, | 0:14:56 | 0:14:59 | |
three years to run in it. | 0:14:59 | 0:15:01 | |
The people who possibly could get hurt in this are those looking | 0:15:01 | 0:15:04 | |
to use debt to buy homes to live in that have been pushed further | 0:15:04 | 0:15:07 | |
and further out into London. | 0:15:07 | 0:15:09 | |
-The Londoners, basically? -The Londoners. | 0:15:09 | 0:15:12 | |
Snared in a bubble or miss out on the 11% rise | 0:15:13 | 0:15:17 | |
predicted for London property this year - a frightening game | 0:15:17 | 0:15:22 | |
and our players are intent on taking that chance. | 0:15:22 | 0:15:26 | |
But with the world also rolling the dice on their home, | 0:15:26 | 0:15:29 | |
it isn't going to be easy. | 0:15:29 | 0:15:31 | |
Louise and Nick have a sealed bid in | 0:15:38 | 0:15:40 | |
on their new frontier, Plaistow. | 0:15:40 | 0:15:42 | |
Jess and Dad had an offer accepted and await bank approval. | 0:15:43 | 0:15:47 | |
After discovering he could only buy a boat for under £100,000, | 0:15:49 | 0:15:53 | |
Tom now plans to buy with a friend. | 0:15:53 | 0:15:55 | |
It's tough for the buyers. We do feel sorry for them. | 0:15:55 | 0:15:58 | |
And Leanne, winner of that crazy sealed bid, was dumped. | 0:15:59 | 0:16:04 | |
The owner put it back on the market for yet another ten grand more. | 0:16:04 | 0:16:09 | |
Why? | 0:16:09 | 0:16:10 | |
Because for now, he can. | 0:16:10 | 0:16:12 |