This piece hits the nail on the head. The first step of the property ladder - the purchase of a flat -,is broken. Most flats are leasehold, a legal status in which the true owner of the flat is the owner of the building who can demand unlimited cash. https://t.co/A6UH4e8Nb4
@PhysInHistory And probably a way of policing a popolous before police.
People wouldn't listen to one or a few people in charge. But they might if they thought God gave them special powers.
Can't afford to staircase? Can't sell? High service charges? Didn't understand what you were getting into?
If you're a shared owner and you'd be happy to be filmed talking to a journalist about your experiences, please contact us ASAP at [email protected]
@TheMekon_Venus I did like these. I got one and didn't really know what to do with it at the time. It couldn't run the music editing software I hoped it could. I had the rubbish version. G something?
@TheMekon_Venus It's bloody awful tbh. It's an awful light source with glare in the wrong places and doesn't really resemble the enterprise. They should prob try again with modern techniques.
💢LIES, DAMN LIES & STATISTICS
Many thanks to Alexander Hamilton for this forensic dive into latest gov data claiming over 92% of leaseholders are happy with their tenure.
@mtpennycook@SteveReedMP@LKPleasehold
👇👇👇👇👇👇👇👇👇👇👇
The claim that the 2024–25 English Housing Survey shows overwhelming satisfaction with the traditional third-party landlord model of leasehold is difficult to sustain once the underlying categories are unpacked. First, the survey’s leasehold category includes a significant proportion of dwellings with a share of freehold and an unspecified proportion in which landlord control over service charges has been reduced through RTM or RMC arrangements. Second, the survey question used here measures satisfaction with accommodation, not satisfaction with leasehold itself. When respondents are asked more directly about leasehold, the available evidence appears markedly less positive.
https://t.co/2FV0amH2Tq
@cattwil@mtpennycook@SteveReedMP@LKPleasehold I live stats. I nearly spat out my tea when I read their claims. So I had a look at immediately saw it was utter nonsense. Embarrassed for them.
When incentives are wrong, regulation becomes wallpaper. You can add layers of it, but the behaviour won’t change because the system still rewards the problem. We’re not suffering from too little regulation but from too much complexity. Leasehold itself is the issue.
Leaseholders who are cheerleading regulating managing agents further are asking for higher service charge bills & for common-hold and RTM pathways to be made more expensive and difficult.
See the wood despite the trees 🌳