Constraining demand by restricting the ability of non-UK residents to buy property makes sense (Tokyo does this), but to penalize...
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...UK residents trying to move there is very wrongheaded--as is trying to move London's growth to other northern cities.
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London got to where it is with strong *local* business growth, not by getting transplant after transplant from more successful cities.
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Replying to @donlocke77 @JonnElledge
And are impotent to solve, b/c London has what those northern cities do not--which is why people try to live there, etc
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Replying to @donlocke77 @JonnElledge
Struggling cities cajole and beg for transplanted industries from successful cities *all the time* here in the USA too, guess what?
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It never works out after the fact! For all the effort of *thousands* of mayors around the country, NYC, DC, and SF are still the best bets
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Replying to @donlocke77 @JonnElledge
The US is a great story of winnowing the number of thriving cities from hundreds (in the 19th century) to 4 or 5 today
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That winnowing process will continue here--as it did in France and England centuries ago--until only one city is left standing.
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