{"id":62735,"date":"2017-08-04T00:53:08","date_gmt":"2017-08-03T17:53:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/leaseholds-are-not-the-problem-abuse-of-them-is-editorial\/"},"modified":"2017-08-04T00:59:42","modified_gmt":"2017-08-03T17:59:42","slug":"leaseholds-are-not-the-problem-abuse-of-them-is-editorial","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leaseholds-are-not-the-problem-abuse-of-them-is-editorial\/","title":{"rendered":"Leaseholds are not the problem \u2013 abuse of them is | Editorial"},"content":{"rendered":"


\nThis scandal shows how normal it has become to expect to \u2018earn\u2019 exploitative rewards without risk or commensurate investment, writes Stephen HillThe abuse of leaseholds (Editorial, 26 July) is exactly that: abuse. There is nothing intrinsically wrong with leasehold\/freehold arrangements in the hands of responsible (and preferably regulated) landlords. It\u2019s worth thinking why they were invented and have endured for centuries. They are a highly effective way of allocating capital, risk and reward in the use of land and buildings; they are still much used in commercial property transactions for that purpose. By contrast, private finance initiatives and similar arrangements are designed primarily to make money for all the intermediaries in a set of parasitical financial relationships, all of which could have been structured just as well and more cheaply with leases.This scandal simply shows how normal it has become to expect to \u201cearn\u201d totally exploitative rewards, without risk or commensurate investment. This is just more evidence of the damaging commodification of land, and how, since financial deregulation, global capital flows graze effortlessly on our local housing markets for the risk-free excess profits they so willingly give up. The economist Martin Wolf rightly calls this \u201cthe greatest misallocation of resources imaginable\u201d. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Leaseholds are not the problem \u2013 abuse of them is | Editorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This scandal shows how normal it has become to expect to \u2018earn\u2019 exploitative rewards without...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-62735","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-gjR","jetpack-related-posts":[{"id":140505,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goves-reform-bill-will-not-ban-leaseholds-on-new-build-houses-after-all\/","url_meta":{"origin":62735,"position":0},"title":"Gove\u2019s reform bill will not ban leaseholds on new-build houses after all","date":"November 30, 2023","format":false,"excerpt":"\r Rush to write legislation means clauses to ban the leaseholds will be added via amendmentsMichael Gove\u2019s flagship bill to end leaseholds on newly built houses in England and Wales does not actually end leaseholds on newly built houses in England and Wales, as the key clauses to do so\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61792,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-could-be-hit-by-new-proposals-to-curb-leaseholds\/","url_meta":{"origin":62735,"position":1},"title":"Developers could be hit by new proposals to curb leaseholds","date":"July 25, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Developers could be hit by new proposals to curb leaseholds","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/call-to-cap-ground-rents-at-10-for-new-leaseholds\/","url_meta":{"origin":62735,"position":2},"title":"Call to cap ground rents at \u00a310 for new leaseholds","date":"October 15, 2018","format":false,"excerpt":"\r Housing minister seeks reform to tackle escalating charges\r \r Source : ft.com\r Read more...Call to cap ground rents at \u00a310 for new leaseholds","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118484,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-escalates-investigation-into-housebuilders-over-leaseholds\/","url_meta":{"origin":62735,"position":3},"title":"UK escalates investigation into housebuilders over leaseholds","date":"September 4, 2020","format":false,"excerpt":"\r Competition regulator launches enforcement action against Persimmon, Barratt, Countryside Properties and Taylor Wimpey\r \r Source : ft.com\r Read more...UK escalates investigation into housebuilders over leaseholds","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98269,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leaseholds-reforms-aim-to-simplify-much-criticised-laws\/","url_meta":{"origin":62735,"position":4},"title":"Leaseholds reforms aim to simplify much-criticised laws","date":"September 21, 2018","format":false,"excerpt":"\r Law Commission plans would make it cheaper to buy a freehold\r \r Source : ft.com\r Read more...Leaseholds reforms aim to simplify much-criticised laws","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76910,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mark-mcguinness-modern-leaseholds-are-safe-and-smart\/","url_meta":{"origin":62735,"position":5},"title":"Mark McGuinness: Modern leaseholds are safe and smart","date":"January 17, 2018","format":false,"excerpt":"\r \u2022 Mark McGuinness is managing director of property development company Willis Bond & Co. As councils around the country consider freeing up more prime waterfront land for development it's time to clear up the misperception...\r \r Source : nzherald.co.nz\/Property\r Read more...Mark McGuinness: Modern leaseholds are safe and smart","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/62735"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=62735"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/62735\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=62735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=62735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=62735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}