This is actually a good thing. Ordinary people have been priced out of London by overpaid parasites from the City of London (investment banking), and foreigners who are using London real estate to as a way to hide and protect their ill gotten gains:
Thousands of London homes have had their prices slashed since the Brexit vote a week ago amid warnings of a slump in the stunned housing market, the Standard reveals today.This is things getting better.
An Evening Standard analysis has found a huge spike in nervous home owners cutting their asking prices after the surprise result of the referendum last Friday morning unleashed what was described as “a perfect storm” by one leading investor.
The impact is expected to be most severe in the new luxury development along the river from Vauxhall to Docklands where falls of as much as 40 per cent are feared.
One central London branch manager at one of the capital’s biggest firms said: ”The whole thing is a disaster. The uncertainty will cause the markets to crumble and who knows when that is going to get better.
Rich people lose money, and ordinary people may be able to shorten their commute a bit.
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