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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Germany was on the same track with Berlin above all others until the Cold War split the country and gave the west a chance to catch up
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The same winnowing process I mentioned would've eventually hit West Germany too, but at first--as in the USA--the situation was one of...
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...multiple cities with similar populations and resources all growing at once
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You mean disincentivised more than it currently is by high prices and scarce land? Worst case scenario, London's growth stalls...
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...while no other cities are able to pick up the slack, and so the *entire country* ends up in the scenario the north is in today.
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Best case scenario? No change, b/c all the disincentives in the world can't make other cities more attractive than London
End of conversation
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