blackn1ght@feddit.uk to United Kingdom@feddit.ukEnglish · 2 months ago‘The market is dead’: why aren’t flats in England selling?www.theguardian.comexternal-linkmessage-square34linkfedilinkarrow-up145arrow-down10
arrow-up145arrow-down1external-link‘The market is dead’: why aren’t flats in England selling?www.theguardian.comblackn1ght@feddit.uk to United Kingdom@feddit.ukEnglish · 2 months agomessage-square34linkfedilink
minus-squareTheEmpireStrikesDak@thelemmy.clublinkfedilinkEnglisharrow-up2·2 months agoI still don’t get how leaseholds could ever be a thing. Isn’t it just “buying isn’t owning”?
minus-squareEcho Dot@feddit.uklinkfedilinkEnglisharrow-up3·2 months agoMy grandparents had a lease hold on their flat and the least hold was for 99 years. I doubt the building will still exist in 99 years so the entire thing is just a stupid concept.
minus-squareHerbGrower@slrpnk.netlinkfedilinkEnglisharrow-up1·2 months agoI often wondered how that works. Makes more sense to rent them than buy them, because you always have to pay some rent amount anyway.
I still don’t get how leaseholds could ever be a thing. Isn’t it just “buying isn’t owning”?
My grandparents had a lease hold on their flat and the least hold was for 99 years. I doubt the building will still exist in 99 years so the entire thing is just a stupid concept.
I often wondered how that works. Makes more sense to rent them than buy them, because you always have to pay some rent amount anyway.