5 ms·
The main difference between each of those scenarios and the one I describe is that we have words to describe them. From your post: freehold, leasehold, buy, ren
by smichel17 5y ago
The main difference between each of those scenarios and the one I describe is that we have words to describe them. From your post: freehold, leasehold, buy, rent, loan (and I'll add: mortgage). You don't need to read the fine print to know that these are meaningfully different.
I'm on board with the idea that there's a lot of arrangements in between full ownership and pure rental, as long as we have terms to describe the meaningful differences.
- iso1210 5y agoThere's a big difference between freehold on a new build estate and freehold on an older house, the former has various conditions attached. But in all these cases we use the word "buy" to buy the car or house, just like we use the word "buy" to take in posession of a slab of electronics