Re:Bitcoin exchange rate reached $100 USD per BTC
by blibble on Monday April 01, 2013 @01:59PM
(#5474701)
if she owns the property but not the land (i.e. the house is a leasehold instead of a freehold), she has a landlord
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Re:Bitcoin exchange rate reached $100 USD per BTC
by MacsHeadroom on Monday April 01, 2013 @02:10PM
(#5474792)
Sounds like feudalism.
Re:Bitcoin exchange rate reached $100 USD per BTC
by blibble on Monday April 01, 2013 @02:43PM
(#5475034)
that is where it all originates from: our property/land laws are all built on medieval law, as we haven't had a revolution to shake things up!
houses are nearly always freeholds, whereas flats (apartments) are normally leaseholds, as it would be unfair if one flat owning tenant has land rights over the others.
recently the government has given leaseholders the right to purchase the freehold from their landlord (if they all agree), but this involves setting up a company that all leaseholders are shareholders/directors of, with all the rights and responsibilities that that entails.
Re:Bitcoin exchange rate reached $100 USD per BTC
by arethuza on Monday April 01, 2013 @03:41PM
(#5475381)
"whereas flats (apartments) are normally leaseholds"
Must be an English thing, that is certainly not the case in Scotland.
Re:Bitcoin exchange rate reached $100 USD per BTC
by drcode on Monday April 01, 2013 @02:17PM
(#5474851)
Interesting- But in that case the problem (probably) is that you have to pay super high taxes when you sell land (or they wouldn't have such weird arrangements.) This is a separate issue from the deflationary aspects of land I think.