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April 5, 2013 10:01 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/sXIKEqYs5C8/story01.htm
How the global hyper-rich have turned central London into a lights-out ghost-town
In an excellent NYT story, Sarah Lyall reports on "lights-out London" -- the phenomenon whereby ultra-wealthy foreigners (often from corrupt plutocracies like Kazakhstan and Russia) are buying up whole neighbourhoods in London, driving up house-prices beyond the reach of locals, and then treating their houses as holiday homes. They stay for a couple weeks once [...]Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/sXIKEqYs5C8/story01.htm
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