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It might take a crash for London to become livable again. There is also probably a threshold where London stops being attractive to money compared to the compet
by elektromekatron 11y ago
It might take a crash for London to become livable again. There is also probably a threshold where London stops being attractive to money compared to the competition from other locations, because it has priced out the service economy.
- spiralpolitik 11y agoBRExit is the most likely scenario as if the UK leaves the EU then any advantage of being in London disappears and so the money will leave. This of course assumes the EU economy survives GRExit in any fit state to continue to attract investment.
- frandroid 11y agoA crash may delay trends from happening, but a change in the basic characteristics is necessary to change it for good. See San Francisco's gentrification, stopped by the 2001 crash but still going on strong.