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> "owners" own only the home and pay an exorbitant land rent each month. So, unlike a traditional home where the land appreciates Isn't this the same as many a
by robocat 1y ago
> "owners" own only the home and pay an exorbitant land rent each month. So, unlike a traditional home where the land appreciates
Isn't this the same as many apartments with body corporates that lease the land they are on? Called "Stratum in Leasehold" in New Zealand (although uncommon except for some inner city - I think because riskier so harder to get a mortgage).
Leasehold isn't common for residential in New Zealand AFAIK. And mobile home parks are uncommon too.
- voxic11 1y agoBut with a lease it's up to the landlord to maintain the property. That's what he is saying you get the downsides of both lease and ownership with none of the upsides.