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A UK Peer recently commented that the best way to own property in the UK was to have a relative who was a friend of William the Conqueror. The royal system and
by sandworm101 3y ago
A UK Peer recently commented that the best way to own property in the UK was to have a relative who was a friend of William the Conqueror. The royal system and its impacts are alive and well today. It is often cited as a reason behind the insane property prices in the UK, with long-held family land restricted the development necessary to meaningfully drop living costs.
>> Just 0.3% of the population – 160,000 families – own two thirds of the country.
https://www.theguardian.com/commentisfree/2012/dec/17/high-house-prices-inequality-normans https://www.theguardian.com/commentisfree/2012/dec/17/high-h...
- gbear605 3y agoThe difference is that in the Middle East most of the wealth comes from the land because of oil reserves. In the UK, owning land makes lots of money, but there are plenty of industries that are not based on extracting resources.