Monday, August 8, 2011

Riots and house prices – causes and effects (open thread)

Anarchy in the UK: third day of riots in London

Foreign and international media have been showing the London riots in vivid HD glory. Switch on CNN, Al Jazeera, France24, Russia Today - they're all reporting riots in London. Not Tottenham, Brixton, etc.; but just London. How will this affect London's perceived desirability for foreign investors? Are they smart enough to distinguish between good and bad areas, given that there are few physical barriers between good and bad areas (unlike e.g. Manhattan)? Or will greed turn to fear, keeping buyers away? Comments welcome.

Posted by drewster @ 07:32 PM (2006 views)
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8 thoughts on “Riots and house prices – causes and effects (open thread)

  • Let’s start building no-mod-cons working prisons and place all these criminals in there. Also ban them from claiming benefits whilst insider prison!

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  • people with something to lose don’t normally riot

    most social change starts when people take to the street

    I don’t condone it,but give people no hope of a property,no job and 4,000 to insure a car and its not surprising they are peeed off

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  • @taffee – I totally agree, there is no point in todays youths trying the goalposts have been moved too high. I can sympathize with them, thw looting is only what the bankers have been doing. Why is it ok for the bankers and not for the youths.

    + I hope this starts the long awaited decline in London property prices by lack of interest by international buyers.

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  • Maybe we need another Royal wedding – a bit more flag waving and normal service will be resumed (LOL)

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  • sibley's b'stard child says:

    Jack, at least the CML have something new to blame low transactions on…

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  • It’s ok the rioting is just due to a few key factors, the Royal Wedding, the Bank Holidays, and the sunny weather!!!!!!

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  • Maybe we should push to making this an Olympic sport — so we can increase our chance of winning golds.

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  • Years ago there was no shortage of jobs for young energetic youths with energy to spare, engineering, mining companies and agriculture lapped up as many as were available.

    Thumping big lumps of stuff with hammers and other sharp and blunt tools was a great way of venting so much energy that after a couple of pints on the way home you just fell asleep.

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