{"id":87397,"date":"2018-05-08T21:21:45","date_gmt":"2018-05-08T14:21:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-basement-loving-billionaires-are-forcing-everyone-else-out-anna-minton\/"},"modified":"2018-05-08T22:03:29","modified_gmt":"2018-05-08T15:03:29","slug":"how-basement-loving-billionaires-are-forcing-everyone-else-out-anna-minton","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-basement-loving-billionaires-are-forcing-everyone-else-out-anna-minton\/","title":{"rendered":"How basement-loving billionaires are forcing everyone else out | Anna Minton"},"content":{"rendered":"


\nThe vast foreign wealth in London doesn\u2019t trickle down, it displaces. Opulent basements contrast with the glorified cellars in which many people live\u201cI don\u2019t want to expel any oligarchs. Their cranes are sprouting across the city, and it\u2019s marvellous,\u201d Boris Johnson said when he was mayor of London. The cranes were not just building the ubiquitous luxury apartment towers defining the city; they were also digging down, tunnelling underneath the most expensive streets to create multiple storey basements housing swimming pools, cinemas and even an artificial beach with a cascading waterfall. Related: What lies beneath: the subterranean secrets of London’s super-rich Continue reading…
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\nSource : theguardian.com
\nRead more…How basement-loving billionaires are forcing everyone else out | Anna Minton<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The vast foreign wealth in London doesn\u2019t trickle down, it displaces. Opulent basements contrast with...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-87397","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-mJD","jetpack-related-posts":[{"id":139336,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-york-is-breaking-free-of-airbnbs-clutches-this-is-how-the-rest-of-the-world-can-follow-suit-anna-minton\/","url_meta":{"origin":87397,"position":0},"title":"New York is breaking free of Airbnb's clutches. This is how the rest of the world can follow suit | Anna Minton","date":"September 27, 2023","format":false,"excerpt":"\r The company is calling it a \u2018de facto\u2019 ban \u2013 and it could reshape the housing market in residents\u2019 favourNew York City\u2019s crackdown on Airbnb, which was enforced earlier this month, has been described as a \u201cde facto ban\u201d by the company. The tough restrictions, designed to bring back\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68708,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-are-using-culture-as-a-trojan-horse-in-their-planning-battles-anna-minton\/","url_meta":{"origin":87397,"position":1},"title":"Developers are using culture as a Trojan horse in their planning battles | Anna Minton","date":"October 11, 2017","format":false,"excerpt":"\r Housebuilders appropriate art to sell luxury homes at the expense of local artists and communities. But now there\u2019s a fightback over \u2018artwashing\u2019London sells itself on being the world\u2019s cultural capital. Tate Modern had a record 6.4 million visitors following the opening of its new extension. Art fairs such as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56724,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/big-capital-by-anna-minton-who-broke-londons-property-market\/","url_meta":{"origin":87397,"position":2},"title":"Big Capital by Anna Minton \u2014 who broke London\u2019s property market?","date":"June 2, 2017","format":false,"excerpt":"\r How houses in the city went from being homes to financial assets\r \r Source : ft.com\r Read more...Big Capital by Anna Minton \u2014 who broke London\u2019s property market?","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60916,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/depth-of-field-london-project-to-dig-vast-underground-cavern-and-cover-with-park\/","url_meta":{"origin":87397,"position":3},"title":"Depth of field: London project to dig vast underground cavern and cover with park","date":"July 17, 2017","format":false,"excerpt":"\r A scruffy patch of former farm land in Hounslow is set to get the \u2018mega-basement to end all mega-basements\u2019 as \u00a350m-worth of gravel is excavated to create the UK\u2019s biggest subterranean space, with a new public park on topWhile the billionaires of Kensington dig ever deeper to excavate multi-storey\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-you-dig-it-basement-facts-and-fictions\/","url_meta":{"origin":87397,"position":4},"title":"Can you dig it? Basement facts and fictions","date":"May 7, 2016","format":false,"excerpt":"\r As London\u2019s basement phenomenon grows, so too does irritation at what some see as greed. But what\u2019s so wrong with digging down, asks one London architectTo many they are a plague, to others an opportunity, but whether big or small, they are always controversial. A report earlier this year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-had-a-sub-prime-housing-problem-now-it-has-a-super-prime-crisis\/","url_meta":{"origin":87397,"position":5},"title":"London had a sub-prime housing problem. Now it has a super-prime crisis","date":"April 20, 2016","format":false,"excerpt":"\r Across London, social housing is being demolished to build luxury towers for global investors. Only eight years since the financial crash, Anna Minton marvels at how, once again, we\u2019ve let the property market spiral out of controlLondon Housing Crisis: Have We Reached a Tipping Point? is at University Square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/87397"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=87397"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/87397\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=87397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=87397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=87397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}