They can barely speak English and retired well before 65. In fact, many of them were the victims of Thatcher’s industrial restructuring- losing their jobs, but being illiterate and unskilled, were unable to find jobs in the new economy. Yet despite the odds, some Asian men have done well- in the property market. These people were perspicacious enough to buy properties when prices were subdued. Now, in the age of run away house price inflation, they are sitting on a fortune. Over the years, the properties have also been bringing in a rental income. Most are rented out informally, below market rates, reflecting a desire of the owners to avoid embroiling themselves with the vagaries of officialdom.
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