I live in south London, which means that the everywhere I look the Shard stands over me. Now its reported that a flat in this tower of Babel will cost north of £30 million quid. Lets hope the lifts work.
This wonderful splash of cash got me thinking, basically you buy this flat for the view. Now living in Britain as I do, I know that the weather is not really design for long distant views. This got me thinking; if its grey and raining for a day, how much does it cost? Quite a lot as it turns out:
£30,000000 / (365 *10) = £8230 a day.
That’s right, rain costs Eight grand a day
Lets just go over those figures a little. We assume a flat costs £30 million, The Telegraph claims its up to £50M, however the estate agents seem to differ and peg it at around £20M. I’ll do what economists do and guess a number and swear its based on an accurate model. Like wise I assume that the average nouveau riche nonce will keep the flat for about ten years (I assume they’ll either die in a car crash, coke overdose, or have to sell it to fund an expensive vice of some sort)
If we plug those numbers into my proprietary financial model algorithm, we see that £30M spread over ten years equates to £8230 a day (with rounding). I also assume that you buy this type of flat for the view. Dividing it further, each rainy hour costs around £342. Its even higher if you don’t count the night time.
So why do I need a webcam? Well I want to find out how often the shard is obscured by rain, and therefore how much money has been eaten by the British weather and then laugh at the knobs who splashed so much cash.
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