The Commercial Property Bust, Eurovision War Contest, Bitter-er Lake
Multipolarity
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The Impact of the Urban Doom Loop on Tax Revenue
In America, cities like New York have to run a balanced budget by law. But at least they can take on debt - London has no means of selling municipal bonds. It would make London significantly less attractive if commercial real estate stopped providing so much money or real estate in general even. So it's entirely possible that you get this cycle where it becomes less attractive as a place to live.
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