Hi Jeff, thanks for the comments. You raise excellent points about the dynamics within the London real estate market, regarding which my article is silent. Nevertheless, the elevated prices have clearly been driven by demand from Russia and China and as that marginal demand dries up, prices should fall. The only thing that would stop it is if a third party (say wealthy Americans) began buying up London real estate to resume the demand levels that had been in place. However, this seems unlikely that another country would step in, in my view. Thanks again - I appreciate your suggestions.