Pros and Cons

The houses on Pepys Road, Lanchester writes, were built in the late 19^th century, ?during the boom that followed the abolition of the tax on brick,? and by 2008, when the book is set, they?ve gone from being the dwellings of middle-class families to markers of wealth, their worth driven by the relentless market into the millions of pounds. Though with few exceptions the residents of Pepys Road don?t know each other very well, they know each other?s houses. And they know what the houses are worth. ?When people met they held off the subject of house prices with a conscious sense of restraint,? Lanchester writes, ?and gave in to the desire to talk about them with relief.? It is delightful to talk about home values, of course, when it?s your own home?s skyrocketing value you?re really discussing, and Pepys Road has turned into a sort of ?casino in which you were guaranteed to be a winner??indeed, London, in Lanchester?s telling, has become a city ?of winners and losers, and all the people in the street, just by living there, had won.?

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