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Good article that. This bit resonated with me:
... residents “... experience their own urban location as if tourists, emphasizing aesthetic concerns.” Schools, ... and neighborhood associations no longer form the city’s foundation. Instead, the city revolves around recreation, arts, culture, and restaurants
A lot of the complaints aren't unique to London. This is one of the numerous articles on the phenomenon of livable cities.
http://www.city-journal.org/html/childless-city-13577.html
I do like London but, as a furriner, the really interesting bits in the centre of town are no longer lived in. They are now ghost towns of mega luxury, unoccupied properties that are money laundering exercises for unbelievably dodgy government officials from the former soviet republics. It's killing the place.