Abdur Rahman ibn Yusuf Mangera – Generous bus drivers

Abdur Rahman ibn Yusuf Mangera
AI: Summary ©
The speaker discusses a recent change in the rules of London where wealthier drivers can buy new properties. They explain that these drivers have a portfolio of around 700,000 pounds and are able to buy properties on offer every month. The wealthier drivers are not the richest, but rather the ones who have a portfolio of properties that make up around 700,000 a year.
AI: Transcript ©
00:00:00 --> 00:00:03

There's a masjid close to us, which was just built, recently

00:00:03 --> 00:00:05

renovated, and they need a lot of money. They said that they were

00:00:06 --> 00:00:10

bus drivers rather, who had come and give 10,000 pounds of their

00:00:10 --> 00:00:12

savings. These are bus drivers. They're not necessarily the

00:00:12 --> 00:00:16

richest, they're decent. They came and gave 10,000 the individual

00:00:16 --> 00:00:20

said that I went to one person in London, who has a portfolio of

00:00:20 --> 00:00:24

properties in London. He has such a portfolio of properties that

00:00:24 --> 00:00:29

every month every month, he is able to buy a new property for

00:00:29 --> 00:00:31

around the 700,000 mark.

00:00:32 --> 00:00:36

That means seven that means about five us four or five houses of

00:00:36 --> 00:00:40

Leicester. He can buy one of those properties every month. That's 12

00:00:40 --> 00:00:45

times 700 a year. He couldn't get a penny out of him. Why? Because

00:00:45 --> 00:00:49

it's all calculated that when I make the 700 I've got that house

00:00:49 --> 00:00:52

already on offer I've already bid on it. I'm gonna buy that. They

00:00:52 --> 00:00:55

say that the sometimes the wealthiest ones their money is

00:00:55 --> 00:00:56

always tied up

00:00:57 --> 00:00:58

in this world

Share Page