@alexandrascaggs@alexandrascaggs congrats! What about…”it’s 2028 and Arnie the Terminator has returned to hunt a rogue AI agent, former high paid SaaS execs are using Klarna to buy Taco Bell’s…”
😂
Great piece by @HarryScoffin
The Tories have a chance here to win back votes in London where Labour has failed on this key cost of living topic @rcolvile
More than half of London’s leaseholders say it has prevented them starting a family
✍️@HarryScoffin says it is time to finish Mrs Thatcher’s crusade for leasehold reform in the UK
Read more: https://t.co/ARnsHGfh6c
LBC are leading the way in highlighting the abuse of occupiers that current leasehold law permits. @HarryScoffin tells LBC that Labour’s failure to block Ground Rents amounts to acquiescence in the financialisation of housing.
“A home seller in London now is more likely to make a loss than anywhere else in the UK for the first time in at least a decade.”
Many will be escaping a leasehold flat.
@UKLabour is fuelling blowback in the locals by stalling on leasehold abolition.
https://t.co/nl8IItwaV9
What’s going on with @Keir_Starmer?!
In November 2024, @mtpennycook, presumably with Number 10 backing, promised a Draft Leasehold and Commonhold Reform Bill would drop in the second half of 2025.
It never happened, after a last-minute lobbying push by Big Freehold.
@iaindunning Interesting point. Jane Street have a ton of AI bets on like Anthropic and CoreWeave that inflate revenues but could also have upside. I wrote about them…https://t.co/AA1m3Brj25
@MichaelAArouet What wealth tax? Haven’t seen one. They keep hitting the middle class!
I would also prefer to a Dubai estate agent of last 5 years vs next 5. Dubai can be cyclical. The young estate agents moving to Dubai now have missed the fun
I saw that post and was a little puzzled as I thought London pays more tax than is spent on it ie it was a net contributor to the country?
Central govt sure can be blamed for lack of vision with building new industries in the north but I think we overemphasize how rich and powerful London is. It is not richer than Paris and the US has a dozen cities like London.
Shifting Parliament to another city is a good idea in my view but as for taking resources away from London we are already see money flow out to Dubai
It would be good if someone with your profile and distribution to chat to my friend @HarryScoffin on leasehold.
Not only does it disproportionally impact the young and poor in cities there is a huge amount of fraud in addition to inflation.
Renters this service charge indirectly.
Freehold flats can have service charges half of what leaseholds ones do
@LizzieCernik@rainbowland1979 No service charge? So no common areas but there is freeholder? £150k I assume includes stamp duty.
I live in Earls Court and the whole of West central London has got smoked
@LizzieCernik@rainbowland1979 Houses have gone down as well apart from suburbs. But the difference in decline in flat prices between freehold and leasehold without RTM is huge. I know as I own both. It’s reflective of control over service charges.