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A comment on Dutch cities want to ban property investors in all neighborhoods. Parent comment

Re:Dutch cities want to ban property investors in all neighb... by dogma1138 on Sunday September 05, 2021 @06:51AM (#28423215)
LTV won’t work in the UK land ownership is way too concentrated and leaseholds give land owners an easy tool to transfer the cost to the leaseholders.

London and other metropolitan areas still have a lot of low income housing in very high value areas, there are current/former council houses in Westminster and Kensington and Chelsea for example that sit on land worth billions.

LVT in the UK would likely just increase cost of ownership for leaseholders which would make flats in cities even more expensive (and since many newly developed terraced, detached and townhouses also come as leasehold these days even buying a house won’t help) and just push for further gentrification as housing like this https://en.m.wikipedia.org/wiki/Hallfield_Estate would become economically non-viable.

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Re:Dutch cities want to ban property investors in all neighb... by ClumsyPilot on Sunday September 05, 2021 @09:49AM (#28424336)
"leaseholds give land owners an easy tool to transfer the cost to the leaseholders"

This relationship has always reminding me of medieval surfdom, i think it's deeply unfair and rigged and needs to be abolished.

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Re:Dutch cities want to ban property investors in all neighb... by imtringued on Sunday September 05, 2021 @11:22AM (#28424989)
https://www.ducksters.com/history/middle_ages_feudal_system....

>Lords and Knights - The lords ran the local manors. They also were the king's knights and could be called into battle at any moment by their Baron. The lords owned everything on their land including the peasants, crops, and village.

It was not the king (the government) but the local lord (the property owner) that abused his subjects the most.

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Re:Dutch cities want to ban property investors in all neighb... by dogma1138 on Sunday September 05, 2021 @10:18AM (#28424525)
It is the UK never really had a “democratization” of land ownership like the rest of Europe especially following WW2.
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Re:Dutch cities want to ban property investors in all neighb... by imtringued on Sunday September 05, 2021 @11:20AM (#28424968)
>LVT in the UK would likely just increase cost of ownership for leaseholders which would make flats in cities even more expensive

Increasing the cost of ownership makes it more expensive to speculate on real estate which would drive prices down. The most speculative assets have no maintenance costs.

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