While George Osborne and Boris Johnson are off to China to attract more billionaires to our city, at the Spectator blogs I moan about what runaway housing costs are doing to the city.
One of the things I’ve noticed about the media is that most commentators seen to come from outside London, and so the prospect of having to move out doesn’t bother them, having family and connections elsewhere. I grew up in west London, as did my father and grandmother, and have no real link with anywhere else in Britain, and don’t have any escape plan in the back of my mind. So that probably tinges my view on the subject.
And as the author David Boyle has pointed out, the rising cost of property is also taking out the old-fashioned relaxed aspect of middle class life. Now everything, especially education, is hyper-competitive, because everyone is trying to claw their way out of the shrinking middle class, and there is less time for the more important things in life.