My understanding of London's pinch points relates to a few people I know with real estate there. As I get it:

- you can't really knock down old buildings

- All the new building happened after the Blitz

- There's basically one district where you can actually do any real renovations, thanks to the Nazis

- It's the only English-speaking capital halfway between Tokyo and New York

...so it's going to be like Dubai - a place where the stupendously rich compete with the stupendously rich and the merely middle-class will fight for scraps.

posted by veen: 1379 days ago