Emeritus Prof Christopher MayApr 20, 2024

It seems rich Londoners who fled the city during the pandemic to work from home at a rural location, thereby inflating ('over-heating') some regional housing markets, are now finding it hard to sell up (or taking a loss) to return to the city now they are 'needed' in the office more often.... rural house prices & London prices have (further) diverged (as posted yesterday).

Locals may see this as a fitting result (poetic justice) having been priced out the market themselves.

#housing

h/t FT

Show threadIn Search of a Better World

@ChrisMayLA6 Rich londoners who fled london during the plague, but ended up bringing the plague with them out of london too.

A sentence as appropriate to #COVID as it was during #TheBlackDeath.

Can we not just electrify the M25 and keep them corralled in there? For the good of the rest of the country.

Apr 20, 2024 at 8:02amWeb
Show threadEmeritus Prof Christopher MayApr 20, 2024

@CrypticMirror

yes, an electrified M25 would be a great way of quarantining them for the good of the rest of the country

Show threadMarjorieRApr 20, 2024
@ChrisMayLA6 @CrypticMirror unfortunately Heathrow is inside the M25. They'd just fly out instead.
Show threadIn Search of a Better WorldApr 20, 2024
@marjolica @ChrisMayLA6 SAM site at Windsor Great Park, finally a good use for the Royals.
Show threadNeil Bartlett 🇬🇧 🇪🇺 🇺🇦Apr 22, 2024
@CrypticMirror @ChrisMayLA6 Obligatory reminder that not everybody in London is rich, in fact many of us are barely scraping by, and that if any exodus happened during Covid then it was driven by the insane cost of housing. The rich were more likely to stay, because they could.