October 13, 2013
London's Great Exodus
Michael Goldfarb, New York Times
The property market is no longer about people making a long-term investment in owning their shelter, but a place for the world’s richest people to park their money at an annualized rate of return of around 10 percent. It has made my adopted hometown a no-go area for increasing numbers of the middle class.
TAGGED: UK, London