Why London could soon be home of the rich

We’ve all seen the news.

House prices have been on the rise for a number of years now. And with that, the demand reduces, as either the opportunity cost is too high or people simply can’t afford them full stop.

With this, there begins to grow the theory that, if house prices continue to rise at this rate, only the richest of the rich will be able to buy these houses. The poor will be driven away almost completely.

A growing aura of power will surround those who inhabit the biggest, brightest and best houses in London. And, just like certain areas of Saudi Arabia and Dubai have become, the millionares and billionares will flock to London like moths to a light, because they will somehow “cement” their status as the best of the best.

The poor? Well, there’s no room for them.

By Shrey Srivastava

A finance and economics enthusiast, and someone who wants to share his views with the world.

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