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My understanding of London's pinch points relates to a few people I know with real estate there. As I get it: - you can't really knock down old buildings - All the new building happened after the Blitz - There's basically one district where you can actually do any real renovations, thanks to the Nazis - It's the only English-speaking capital halfway between Tokyo and New York ...so it's going to be like Dubai - a place where the stupendously rich compete with the stupendously rich and the merely middle-class will fight for scraps.