I hate to say it, but... London has become such a shit-hole.
As soon as I came back from Tokyo in March after not being there for almost 10 years, I realised London hadn't really advanced as a city as much as Tokyo had in any way shape or form. It's as if London's been stuck on pause. London has become a stale and stagnant city. And then we find out all the tax evasion bullshit by Cameron. People who are there to create a "better London" are making sure they don't have to pay tax. Hah. Who's interests are they really serving? Isn't it a shame university graduates can't even live in central London anymore? Now you have to dish out £2million+ just to get a fucking matchbox piece of shit in Notting Hill. And who ends up affording that? The internationally rich. And how long are they here for? The holidays. Who loses out? London. Who runs off laughing with money in their pockets? The estate agents.
I'm tired of hearing "but they pump our economy when they're here" bullshit. OK they pump the economy for a few months a year - but then what? Businesses permanently bump up the prices because rent is increasing, and majority of Londoners are left out and forced to move further out. And it's keeps spreading and spreading, and it will continue to spread until the original Londoners who made London what it is are pushed out of the city completely. Why is London becoming so selfish? Why is the over-catering to the internationally rich being accepted? Surely some sort of tax should be implemented for long-term vacancies in homes owned.
Did you know that in 2002, the average price of a home in Knightsbridge was £745,000. Now it's £3.4 million. Who else other than the internationally rich can afford properties at such prices? As such, 20% of these homes are VACANT for the majority of the year. To add more insult to injury, most of these vacant properties were bought through a loop-hole system meaning the buyers avoid paying any tax. There is a 40% annual increase of vacant homes in Kensington & Chelsea. Living in that borough my whole life, I can see first-hand the transformation of this borough, and what a ghost-town shit hole this borough has become. It's literally become a dumping ground/garage for the internationally rich. Empty homes. Garages blocked up with nice but dusty cars. I've watched my favourite shops pack up and leave. Prices for properties are sky-high, rent is increasing more and more, and as a result, businesses are closing down and moving out.
Look at High Street Kensington, It looks like a shit hole nowadays yet new residential buildings are still being built (for example Across Kensington Gardens, also where ODEON cinema stands, also near Olympia). Who cares about the local businesses and the people, right? "We don't care about the future of London. As long as those rich people are willing to pay what we ask, we're going to keep knocking buildings down and building new ones, we're going to keep transforming your markets to high-streets" is what they think. I mean, TESCO's closed down the other week. Fucking TESCO's. They tried to knock down the legendary ODEON cinema for another block of high-end apartments - what the fuck is actually going on? Only after protest from the locals, did they decide to keep the cinema active, yet they are still combining it into a high-end residential block. The same exact thing was going to happen to Portobello market but the locals fought back.
I don't know... Sorry to sound so pessimistic, but this city really isn't what it used to be anymore.