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My grandmother lived most of her life in an enormous Edwardian apartment in Hampstead, North London. The place was worth over GBP3MM last I looked, but she pai
by inopinatus 10y ago
My grandmother lived most of her life in an enormous Edwardian apartment in Hampstead, North London. The place was worth over GBP3MM last I looked, but she paid the fixed rent of seventy pounds a year that had been negotiated in the 1930s with no termination or renegotiation possible until she left in the late '90s.
(Note: the relative value of seventy pounds in 1930 isn't a simple conversion, because economic conditions have changed. See https://www.measuringworth.com/ukcompare/relativevalue.php?use%5B%5D=CPI&use%5B%5D=NOMINALEARN&year_early=1930£71=70&shilling71=&pence71=&amount=70&year_source=1930&year_result=2016 https://www.measuringworth.com/ukcompare/relativevalue.php?u... for a discussion).