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It is an incredibly seductive city. London is much more of a slow release (although I think ultimately more fulfilling) than New York's sheer in-your-faceness. The one thing I can't say about it is what it'd be like there without much money. When I've been there I've always had a lot of money with me, so the city has been something of a playground for me - providing a welcome escape from the harsh realities of London. I love it, but do wonder how much I'd like it quite as much if i was broke while I was there. Saying that, I don't care how much money I have when I'm in Paris, it always bores me.
The one thing NYC would have over London if you were broke is that you could still get around. Without money for the tube, London is pretty much reduced to whichever little pocket of it you happen to live in. Depending on where that pocket is, you can easily forget you're actually in London when stuck in a single part of it.
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