Dammit Damik, this is a fine thread.
Reality, we know, remains suspended by belief for the 'envi-ocracy' that yearns to join the Prime London sect. This helpless fawning of the global industrialists, entrepreneurs or inheritists who dither between 5000 acres of Cambridgeshire or a 4 bed SW3 lean-to for the chauffeur is beneath contempt and absolutely not part of this thread.
We here are a different crowd. Healthcare, education, municipal services, warmth in winter and fresh air in July are why our ancestors fought for free speech. Prime London is about as useful as a Faberge Egg to us, but it fascinates. London we are told is a beating heart for global finance, a proud home for the arts, a spearpoint for medical innovation, a springboard for sport, a glen of ginnovation and a zygotery of zoology (ok, it's late here.....hic) and we should revel in its self sustainability. Maybe it has been underpriced for decades and the new normal is just a happy valuation of the DaCam BoJo Geosbo charmfest...but i suspect and hope you are onto something more meaningful.
The rich do not care. What difference does it make.
The Fed has a big inventory to shift, ultimately the tax/mortgage payers burden.
who's left?........some bloke from stoke on trent with a big zit studying biology who does the triple jump whilst playing tetris and his mum was a model....so what he got a big subsidy to rent a place in Warren Street.
When I exiled myself from London, my benchmark for re-entry was that there were only 2 functioning estate-agencies on Upper Street (N1). I suspect that this is a pipe-dream, but this thread keeps it alive. Thanks Much.