A fine article by Lauren Davidson.
The answer to the question is, of course, that an awful lot of vested interests spend out grandly to keep the whole nonsense going.
The key question for policymakers is: are we creating homes (and subsidising them as taxpayers through Help To Buy) or creating investment assets for freehold speculators often based offshore?
If the latter is the aim, we have been 1/ remarkably successful; and 2/ completely mad.
Why is the leasehold crisis harder to solve than space travel?
Leasehold reforms have been “a long time coming”. That’s what a finance minister said upon the publication of the government’s leasehold reform bill – 19 years ago. That bill was based on Law Commission recommendations from 1984, which in turn leaned on a report from 1965.
Related posts:
Telegraph reports that leasehold newbuild flats are on the rise
Now Daily Telegraph wades into the leasehold house racket
Sunday Telegraph says ‘New homes, yes, but not leasehold’
Should you buy a leasehold retirement flat, asks Telegraph
Why is the Tory party not supporting real home ownership, asks Daily Telegraph
Commonhold is common sense: response to Charles Russell Speechlys propagandising for leasehold in CityAM
