Some people have to live in flats, which are (quite unnecessarily) sold as leasehold in England and Wales: the poor, the single, those seeking to live in the centre of cities.
Commonhold is a perfectly sensible alternative.
In the meantime, let’s reform leasehold by stripping out all the income streams: the ground rents; the insurance commission scams; the related company services; the ludicrous and unfair property tribunals; lease forfeiture windfalls etc …
Private equity, such as Will Astor’s Long Harbour fund has poured money into residential freeholds (it is worth £1.6 billion).
This is just a means by which the rich hitch a ride on the home owning aspirations of the less rich.
It needs to stop.