According to Merryn Somerset Webb, it's a ghost town... and it's not the first time the Rat and Mouse has heard stories about a deserted Paddington Basin development. In fact, we've heard a few courtesy of the self-same Merryn Somerset Webb: first, lamenting the fact she couldn't sell her flat there (and predicting a property price crash); then, suggesting people rent in the Paddington Basin, because rents are cheap and getting cheaper (and predicting a property price crash). Now, she's back with the message... we're bang in the middle of the (predicted) bust. We just don't know it.