Wednesday, April 18, 2012

Bob Geldof wants you to put your money into bricks and mortar

Like his chum Bono, Bob Geldof isn't just interested in equality and aid; He's also fascinated with making a quick buck out of property.

He's turned up to push a thing called Progressive Property - shill is such an ugly word, isn't it, so let's use that. He shills in the least attractive way possible, by claiming that land-grabbing is exactly what Gandi would do. PlanetyPropetyBlog raises an eyebrow:

They’re a bit like ... Gandhi (I swear, I’m not making this up!)... who, as we all know, was famous for preaching the redeeming qualities of buying Below Market Value.

Then he goes on to laud Germany for its relatively stable housing market – it’s not a casino economy based on property says Bob, because lots of people rent and rents are capped by the Government (“not something you want to hear”, he admits).

Ooops. Quickly changing tack, he then gets back to the flattering stuff (you’re all great entrepreneurs who will save the country!) and slags off the banks for not lending money to property investors and for giving themselves big bonuses.
Hmm. You can watch the full video here; it's rather long and a bit rambling, but in short: free Daily Expresses and Bic-style razors all round...

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