3 ms·
Another trap they have created: I am one of the millennials that managed to get on to the housing ladder by buying a one bedroom flat in London. Then the gover
by sefrost 3y ago
Another trap they have created:
I am one of the millennials that managed to get on to the housing ladder by buying a one bedroom flat in London. Then the government significantly changed the fire safety and building safety laws and now the building requires significant sums of money spending on it until the flat will become sellable again. The person that owns the building is not required to pay for that - only the leaseholders.
There are hundreds of thousands of us trapped in this situation and it's not good for the Conservative Party. Many, like me, are now renting out their flats and have become so called "accidental landlords".
So - even many of the younger people who DID manage to acquire property have been screwed!
- danjac 3y agoThe whole concept of leaseholding is a reminder that Britain, despite its pretensions of modernity, is really just a feudal society under the surface.