Re:Ask HN: Where can I live off 1k USD per month?
by jokethrowaway on Thursday August 26, 2021 @07:24PM
(#28322328)
I disagree.
The crucial difference is that you don't get your money back with a UK leasehold.
It's basically renting with extra steps.
A freeholder is basically renting out a house for 99 years and the leaseholder has to pay all the rent upfront (+ renewal).
On the upside, if the freeholder wants to sell the house he's required to offer it to the leaseholder first.
A freeholder is basically renting out a house for 99 years and the leaseholder has to pay all the rent upfront (+ renewal). On the upside, if the freeholder wants to sell the house he's required to offer it to the leaseholder first.