The great tragedy of Europe is that asset wealth has far outpaced the earnings potential of the population.
They then rented them out and made even more money p
Strivers who actually pay market rates for rent see all their money drain away, often to “poor working class” people who now complain they can’t heat their £1m houses because we aren’t given them even more free money. Meanwhile those strivers who have a pension are about to have that ransacked to give a triple locked pay rise to those poor millionaires.
I live in a nice apartment in Austria but I'd be a lot more critical looking for one to live in the UK.
Living on a 1960s council estate (in a non-council apartment) with several low-rise blocks and some high-rise, yeah, it's mildly grim.
as in, they cost as much as freeholds, despite being leaseholds, That scam has yet to become apparent, but I'm sure it will eventually.
Also, the liability of having to depend on a management company, and rising fees..
I thought grenfell pushed the leaseholder vs freehold pricing out in the open. I've seen stuff about leaseholders effectively in negative equity because of the cost of cladding and a previous government dropped a bill or amendment changing who had to pay for such things or the existence of leasehold.