[ninjaroar]

And San Francisco is even more expensive...

This is just supply and demand - there are a lot of people who want to live in world cities like London, but a limited supply of housing.

[branchless]

Do you really know about this or is this just middle-school economics? Do you know about the London mkt?

Lots of the more expensive parts of London are empty at night. London is open season for money laundering through housing. Also do you know how money is created? How is it that people can suddenly pay $600k on a modest salary?