Day 85

I don’t think I can possibly talk about the weather today, when Britain has just exited from the European Union. Will this vote bring fair weather or storm clouds? Who can tell?

It is one of those momentous events, where you, forevermore, remember where you were when you heard the news: like JFK being assassinated, the Berlin Wall coming down with the collapse of communism, Diana dying in a car crash in Paris and the Twin Towers in New York tumbling down after being hit by terrorist planes. And now this!

I wish I had a crystal ball, and I could see how it is all going to pan out. Will my children have a worse future? How would Britain have developed if we had stayed in? We shall never know.

I suspect that some of the older pheasants and stags at the Hurlingham Club are toasting the news at the Polo Bar.

Not only are we out of Europe, but also we have lost David Cameron as Prime Minister, Scotland may hold another referendum to leave Britain, there is ‘carnage in the markets’, we could have another General Election resulting in a Labour government, and we may all need visas to enter European nations soon. And will a lot of my continental friends need to go home? Will my pheasant and stag friends on the continent need to come back to Britain to live? The repercussions are endless. It is a lot to take in.

So much has changed in London over the time I have lived here, now for almost 30 years. It is obviously cosmopolitan now! Where will it be in another 30 years?

Yesterday, I talked about renovating our house in Elms Crescent in Clapham, on and off, during the eight years that we lived there. It was when the children were little. Increasing property prices flabbergasted young couples, like us. In the time that we lived there between 1996 and 2004, the sale value increased threefold, like all the houses in the area.

The increase in property prices in London was common fodder for dinner party conversation post 1995. It was like we were all getting rich. Like we were winning the lottery. When in fact, all the houses on the market were going up at the same rate, whether you were selling or buying. It only made a difference if you were buying in another country, which had not seen a property boom.

This should be compared to when we sold our first little terrace on the north side of Clapham Common in 1995, just before Hugo was born. We made zero profit. We bought it for the same price that we sold it for. And that was after five years.

Is it a good thing that property prices are now so high in the capital that young people can’t get on the property ladder? Maybe my children will end up going back to Kangarooland! If they do, they will find that, due to globalization, central Sydney and the surrounds is prohibitively expensive too.

If they hop there, Geoff and I will too!

Tonight I am meeting my old boss, Justin, and our former client, Charles, for dinner in Knightsbridge.At Zuma. It has been a long time since we’ve all been together. 25 years.

 

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