London's gentrification - The economist
By cheeseherder at 2013-08-12 18:51:11
London, UK
29 replies
5946 views
Why: Investment properties, subsequent homes, buy to let, and people earning good salaries and working the City and central London obtain places close by. The population is rising and they have to live somewhere.
How: People earning a good but not spectacular wage can't pay for the ever increasing rent and property prices, the poor and unemployed have no chance (especially with the housing benefit cap).
What it means: The poor and middle class are driven out London into the surrounding counties and have to spend ~£3000+ a year and an three hours a day commuting to get to work in central London - so to whoever wrote this can blabber on concerning Brixton, yuppies, and people 'choosing' better houses in 'the suburbs'.
How: People earning a good but not spectacular wage can't pay for the ever increasing rent and property prices, the poor and unemployed have no chance (especially with the housing benefit cap).
What it means: The poor and middle class are driven out London into the surrounding counties and have to spend ~£3000+ a year and an three hours a day commuting to get to work in central London - so to whoever wrote this can blabber on concerning Brixton, yuppies, and people 'choosing' better houses in 'the suburbs'.
How: People earning a good but not spectacular wage can't pay for the ever increasing rent and property prices, the poor and unemployed have no chance (especially with the housing benefit cap).
What it means: The poor and middle class are driven out London into the surrounding counties and have to spend ~£3000+ a year and an three hours a day commuting to get to work in central London - so to whoever wrote this can blabber on concerning Brixton, yuppies, and people 'choosing' better houses in 'the suburbs'.
So most of them? Most/many people choose to have children at some point.
How: People earning a good but not spectacular wage can't pay for the ever increasing rent and property prices, the poor and unemployed have no chance (especially with the housing benefit cap).
What it means: The poor and middle class are driven out London into the surrounding counties and have to spend ~£3000+ a year and an three hours a day commuting to get to work in central London - so to whoever wrote this can blabber on concerning Brixton, yuppies, and people 'choosing' better houses in 'the suburbs'.
So most of them? Most/many people choose to have children at some point.
The gentrification is becoming outrageous Tbh. Not sure if it's good or bad, I'm edging towards good. But I was driving through east London the other week, and I thought to myself, where the Fuck are all the deprived people supposed to go now? Even Stratford is now booming.
There are now no reasonably priced places to eat out, no record shops, no low-cost markets, no sensibly priced accomodation, no free parties...just a modern playground for people who fritter away a lot of disposable income enjoying their scarce free time.
There are now no reasonably priced places to eat out, no record shops, no low-cost markets, no sensibly priced accomodation, no free parties...just a modern playground for people who fritter away a lot of disposable income enjoying their scarce free time.
Cheap markets can be there but there are a lot of pop up venues. Anyway reduced tat is online now.
Record stores? Is this the 90s? Spotify dear boy. The cuisine is varied and great cut-rate eats can be had.