[spiralpolitik]

This is nothing new and its been like that since the early 80s when Thatcher sold off the council housing stock at rock bottom prices. An area of London gets popular, money moves in pushing prices up and people out. City government does nothing. Rinse and repeat. All this has happened before, all this will happen again.

At the end of the 90s it was Notting Hill, now its Shoreditch, Spitalfields and Whitechapel with the gentrification wave pushing itself out east with Bethnal Green next in line.

Ultimately this will be the demise of the UK economy as all the money and jobs will focus on the southeast leaving the rest to fend for themselves.