London's gentrification - The economist


By cheeseherder at 2013-08-12 18:51:11
London, UK
19 replies
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2013-08-12 18:51:11
2013-08-12 20:52:38

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'.


2013-08-12 21:39:38

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'.

I think you must make clear that the middle class are not that gravely affected - it is the middle class who want to start families that cannot afford to live in Inner London. The same goes for the impoverished - it is really only big families who get enough benefits to exceed the benefit cap. Working in social housing, I know that tenants can still have enough money their rents + living with just benefits even in places like Shoreditch, so long as they don't want a massive family. It means london filling up with ever less developed families, and where people want families anyway, child poverty. But it's not as straightforward as not being able to afford to live It means people have to make relatively cold calculated life choices, and whether you can insist on that of everyone, I don't know.


2013-08-13 02:22:38

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'.

I think you must make clear that the middle class are not that gravely affected - it is the middle class who want to start families that cannot afford to live in Inner London. The same goes for the impoverished - it is really only big families who get enough benefits to exceed the benefit cap. Working in social housing, I know that tenants can still have enough money their rents + living with just benefits even in places like Shoreditch, so long as they don't want a massive family. It means london filling up with ever less developed families, and where people want families anyway, child poverty. But it's not as straightforward as not being able to afford to live It means people have to make relatively cold calculated life choices, and whether you can insist on that of everyone, I don't know.
> it is the middle class who want to start families that cannot afford to live in Inner London

So most of them? Most/many people choose to have children at some point.


2013-08-13 04:26:38

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'.

I think you must make clear that the middle class are not that gravely affected - it is the middle class who want to start families that cannot afford to live in Inner London. The same goes for the impoverished - it is really only big families who get enough benefits to exceed the benefit cap. Working in social housing, I know that tenants can still have enough money their rents + living with just benefits even in places like Shoreditch, so long as they don't want a massive family. It means london filling up with ever less developed families, and where people want families anyway, child poverty. But it's not as straightforward as not being able to afford to live It means people have to make relatively cold calculated life choices, and whether you can insist on that of everyone, I don't know.
> it is the middle class who want to start families that cannot afford to live in Inner London

So most of them? Most/many people choose to have children at some point.

It's not just regarding the pound in your pocket. Honestly I imagine if you're earning and you (or your family) has managed to get a mortgage you're not in fact poor. You have assets; you have savings and you have a little to fall back on. The justly poor are the people who have nothing.


2013-08-13 07:13:38

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.


2013-08-13 09:07:38

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.
They go to illford. Everyone is little by little getting priced out.


2013-08-13 12:45:38

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.
They go to illford. Everyone is little by little getting priced out.
Yeah that makes sense. I was in fact looking for an answer so good job. Plaistow is getting gentrified next I've heard. East London really will be one big middle class play ground. And at the same time I'm seeing a lot of people being pulled up into it. It's not altogether bad. The black middle class is developing very quickly.


2013-08-13 15:45:38

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.
They go to illford. Everyone is little by little getting priced out.
Yeah that makes sense. I was in fact looking for an answer so good job. Plaistow is getting gentrified next I've heard. East London really will be one big middle class play ground. And at the same time I'm seeing a lot of people being pulled up into it. It's not altogether bad. The black middle class is developing very quickly.
What happens when you ship out poor communities is you mislay the culture and replace it with sterile, carbon copies of other earlier gentrified areas.

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.


2013-08-13 16:36:38

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.
They go to illford. Everyone is little by little getting priced out.
Yeah that makes sense. I was in fact looking for an answer so good job. Plaistow is getting gentrified next I've heard. East London really will be one big middle class play ground. And at the same time I'm seeing a lot of people being pulled up into it. It's not altogether bad. The black middle class is developing very quickly.
What happens when you ship out poor communities is you mislay the culture and replace it with sterile, carbon copies of other earlier gentrified areas.

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.

You're thinking from a different generation. The free parties are still there, they rotate and shout outs work by Facebook, twitter etc

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.


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