Sunday, Jun 28, 2015

Selling ourselves out

Guardian: London: the city that ate itself

A discussion about the way the property market is changing London for the worst. "It is suffering a form of entropy whereby the distinctive or special is converted into property values. Its essential qualities, which are that it was not polarised on the basis of income, and that its best places were common property, are being eroded. It is becoming the case that delights and beauties are available only at a high price. This would matter less if the city were making new places with the qualities of those now packaged up and commodified – if the supply of good stuff were expanding – but it is not."

Posted by quiet guy @ 10:39 AM (6649 views)
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1. icarus said...

This is a worldwide phenomenon. E.g. Twelve or fifteen years ago you could find a private game lodge in southern Africa with good trackers and off-road drives (not the government-run part of the Kruger Park with no off-road drives) for about 800 ZAR pppn or 1200 for two sharing very comfortable accommodation. The same lodge now will have gone up-market and will charge upwards of 8,000 (+ single supplement) pppn or 16,000 for two sharing.

Sunday, June 28, 2015 11:47AM Report Comment

2. tom101 said...

Nothing like a concise article and to the point.....

Monday, June 29, 2015 11:10AM Report Comment

3. cyril said...

the process is really nothing new - it's like the next stage of 'gentrification' but it hasn't got a name yet.
The same sort of thing has happened to countless villages in England where all the small business close and turn into housing then the place dies a death.
By the way, does anyone on this site think there will be a house price crash any time soon? Seems weird to me that we are supposedly living in austerity but houses are still insanely expensive and going up.

Monday, June 29, 2015 11:32AM Report Comment

4. bidin'matime said...

Just back from France and saw various towns and villages gone the same way - once 'quintessentially French', but now like something out of a film set - the beautiful backdrop is there, but the actors have all gone - the old die off, the young can't compete for the properties owned by someone in a city or in the UK or Germany or wherever, so they've gone. Cafés and bars sit empty, waiting for perhaps a coachload of visitors if they're lucky. Visitors are at the same time hated but needed - and eventually they will stop coming back, having moved on to find a more 'real' experience somewhere else.

Of course, it'll take longer for London to metaphorically crumble in this way, but that does seem to be the way it's going. It'll certainly nibble away at the 'villages' and 'café culture' that people want to live in and amongst.

Monday, June 29, 2015 03:06PM Report Comment

5. britishblue said...

Great article. Summarises the social cost of greed!

Monday, June 29, 2015 03:40PM Report Comment

6. doomwatch said...

I would imagine there will be a lot of people going to work in the baking hot tube [under worse conditions than cattle according to EU law, allegedly] and must be thinking ; why am I trying to live [survive] in this over-priced sh1t h0le whilst non-doms with dubious businesses
are riding around in air-conditioned Bentleys, escaping all sorts of UK taxes, most notably stamp duty.

Wednesday, July 1, 2015 02:02PM Report Comment

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