Re: The Who Mailing List Digest V9 #152

["L. Bird" <pkeets@xxxxxxxxxxx>]

> >>But it wasn't the cds that financed the farm--The Who went broke when 
> they stopped touring.  This is because John and Roger (without the extra 
> songwriter's cut) don't make enough from the cds to break even.  The cds 
> have always been a bum deal.>>
>
> While I agree that the CDs don't bring the other two members enough money, 
> wouldn't you also say that part of John's problem is that he is an 
> extravagant spender?
If I understood Pete correctly, it's owning all the property that's 
extravagant.  It takes upkeep to retain property values, including taxes.  I 
read this morning that property values in the UK have increased by 18 
percent recently (a trend in the US, too).  Many retirees find they can't 
afford their homes any longer because they can't pay the taxes on their 
retirement income.  John is a retiree in the UK.

I notice Kenney Jones was selling his property last year.


keets