And there are fun leasehold arrangements like "The ground rent doubles every 5 years" Starting from a peppercorn value, this quickly amps up to hundreds of tho

And there are fun leasehold arrangements like "The ground rent doubles every 5 years" Starting from a peppercorn value, this quickly amps up to hundreds of thousands, or even millions, of £ a year. It's the wheat and chessboard problem[1] made concrete [1] https://en.wikipedia.org/wiki/Wheat_and_chessboard_problem https://en.wikipedia.org/wiki/Wheat_and_chessboard_problem