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Thursday, 31 October 2013

Transience, with no allegiance to the town...

A comment from a regular contributor:

An interesting article on unaffordable London, which reminds me a little of the situation in Sidmouth.
In concluding the writer see below refers to transience as a threat to allegiance. Is transience sustainable I wonder?

Now it is beginning to feel that the next phase of London's history will be one of transience, with no allegiance to the city. I wonder whether those just parking their money here by buying real estate will ever be able to provide the communal sensibility to help the city survive the inevitable shocks it will experience in years to come.

Future of London: the New York Times on the foreign rich buying up property | UK news | The Observer
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