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This topic comprises 3 pages: 1 2 3
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Author
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Topic: When was your house built?
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Leo Enticknap
Film God

Posts: 7474
From: Loma Linda, CA
Registered: Jul 2000
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posted 06-14-2004 04:49 AM
quote: Mitchell Dvoskin I heard that you can't actually own land in England. It all belongs to the governement, and home owners actually just have long term leases on the land under their homes?
As Stephen points out, that is the leasehold system; whereby you own the building or flat but not the land on which it is built. Most leasehold properties are in London or the other large cities, and leasehold is most common for flats/apartments. In this situation you pay an annual charge to the freehold owner - usually a management company - which maintains the communal parts of the building (lobbies, lifts/elevators, that sort of thing). Leasehold is a lot less common in rural areas.
This isn't the case with me - I simply rent the flat. The property price inflation of the last five years or so means that prices are so high that, like most of my generation, I've been priced out of the market and couldn't possibly afford to buy anywhere. It would take a crash on a similar scale to the one in the early '90s to change that. Given that personal debt is at record levels and the average property now costs almost six times the average income (they say that the maximum long-term sustainable level is around three times), that prospect is looking ever more likely, IMHO.
It looks like, between us, we've got a spread of buildings from 1640 to 2003!
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Jeff Taylor
Jedi Master Film Handler

Posts: 601
From: Chatham, NJ/East Hampton, NY
Registered: Apr 2000
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posted 06-16-2004 03:49 PM
Sorry, no picture handy, but I built my present "year round" house in 1971 and NEVER expected to be there so long. Of course just about everyting's been re-dong since then, and we've added a pool, a film library, and a screening room. Also have a house at the beach that was built in 1867, 1950, oh well, it's an ongoing project.
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This topic comprises 3 pages: 1 2 3
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