London changes because of money. It’s real estate. If they can build some offices or expensive apartments they will, it’s money that changes everything in a city.

Bailey frames urban change in London as primarily an economic process rather than a cultural or aesthetic one. The quote points to the power of property markets and development incentives—offices and luxury apartments—as the main drivers of redevelopment, displacement, and the reshaping of neighborhoods. Implicitly, it critiques a city’s vulnerability to capital: what gets preserved, demolished, or “improved” is decided less by communal need than by profitability. Coming from a photographer closely associated with documenting London’s postwar style and street life, the remark also reads as a lament for the erosion of the social textures and creative milieus that once flourished in cheaper, less financialized urban spaces.