London House Prices Soar but Posh Districts Lose Their Shine
. . . results in spiraling costs no matter where it happens!
As in America, this hurts the poor, and the middle income the most, while it protects the wealthy, and the upper middle class from the predation of having to live next to the hoi polloi. One would think we would learn, but no. We continue to do the same destructive things over and over again.
Of course, for progressives this is a benefit. They win when people are in poverty because their power relies upon people dependent upon government largess. Independence from that would mean the awakening of the people to what progressivism really is, and the ultimate death of progressivism.