Poor Dot. I dont think she desrves such a hard time.
We are getting towards the end (do you get barred from MN when your DC turn 18?) but if 15 years ago things had been as they are now, we could not have stayed in London.
House prices were a lot lower then and we were lucky. School choices then were essentially to move (and pay British Rail or an expensive house in a good catchment) find religion, have very clever children, or pay.
We opted for the latter. I worked full time, in-laws passed down their cars, and my husband changed employer. We made it through, on a far lower income than Dot suggests, but we did at times wonder when we would be able to stop living like students.
Things are now silly. House prices are incredible, commuting is expensive, and school fees have risen steadily. Observation suggests that the parent demographic has changed significantly. The culture has changed as well. I am not sure when our son tried out for Westminster that we really knew what a pre-test was. Now preparation is intense. No one wants their kids to be less successful that they are. This also applies to the significant international "elite" who have made their homes in London.
We have done well out of it. Our kids have had a world class education, have an international outlook and are well prepared to compete with whoever. Because of property price increases, we are richer than we ever expected to be. It may not have been as nurturing an upbringing as it might, but they are resilient and reasonably able to look after themselves. (A series of au pairs rather than nannies!)
Our children however, unless they land plum jobs with eye-wateringly high salary levels (probably higher than Dot suggests given mortgage payments on even a modest family house are huge), will not be able to live where we do or send their children to the same schools that they went to.
John Major is right.
The only slight silver lining is that the state system seems to have improved dramatically since my children were little. The local secondary had 93% on free school meals and was classed as failing. Decent school options, not just a few super-selective grammar schools with masses of tutoring, will be vital if London is to thrive.