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skinny
The other reason for many people sticking it out in London is that they're speculating on their London home rising in value faster than places outside London. So the longer they hold out for the bigger the home they can get when they finally bail, or the smaller mortgage (or more play money) they have when they do push the escape button.
Having kids (and them starting school) nails most people down to an area. I can't see us moving more than a couple of miles (if we ever do) in the next 15 years (by which time my daughter should be fleeing the nest).