Half of England is owned by less than 1% of the population (2019)(theguardian.com)
theguardian.com
Half of England is owned by less than 1% of the population (2019)
https://www.theguardian.com/money/2019/apr/17/who-owns-england-thousand-secret-landowners-author
20 comments
Good HN discussion about an NY Times article covering the same research https://news.ycombinator.com/item?id=19708742
a book goes in depth on the topic:
Capital without Borders
Wealth Managers and the One Percent
by Brooke Harrington
*Half of England's land.
"Half of Eng-land" means "half the land of the Angles", no need for further elaboration.
Isn't this a feature of a monarchy, not a bug? Now compare other countries with monarchies.
I think this kind of factoid can get Americans really riled up, because of how we view real estate as an investment, and how by the 19th Century, we were breaking away from that model of "landed gentry" who get all the perks and governance (see "House of Lords", don't you know.)
Of course, for all our rugged individualism, we're now finding out that homeownership isn't all it's cracked up to be. I, for one, am really happy renting my apartment, because a lot of maintenance and landscaping is done for me, and the amenities that come along with it are simply included in the cost, whether I use them or not. Owners tell me I'm throwing my money away, but it's a matter of perspective, I think.
I think that I learned a lot while viewing "Downton Abbey" and I suppose it's a somewhat faithful perspective on how a large manor house operates. I mean, it's amazing how this one family owns all the land, like a town in itself, with all the help downstairs, plus tenants who work the land; it's a whole economic system in itself. And I can see the benefit in having one owner who does the management, and lets the servants, employees, and tenants worry about things other than the land itself. I think that has benefits.
Now I don't profess to know much about how the feudal systems worked, hundreds of years ago, but I suppose that progress means we don't have fiefdoms anymore (good?) and we don't have oaths of fealty anymore (or do we?) and even though people call me "Sir Knight", I don't ride a horse and I don't rescue damsels in distress or go on crusades.
Perhaps I could purchase an inch of land in Scotland and become a Lord!
Of course, for all our rugged individualism, we're now finding out that homeownership isn't all it's cracked up to be. I, for one, am really happy renting my apartment, because a lot of maintenance and landscaping is done for me, and the amenities that come along with it are simply included in the cost, whether I use them or not. Owners tell me I'm throwing my money away, but it's a matter of perspective, I think.
I think that I learned a lot while viewing "Downton Abbey" and I suppose it's a somewhat faithful perspective on how a large manor house operates. I mean, it's amazing how this one family owns all the land, like a town in itself, with all the help downstairs, plus tenants who work the land; it's a whole economic system in itself. And I can see the benefit in having one owner who does the management, and lets the servants, employees, and tenants worry about things other than the land itself. I think that has benefits.
Now I don't profess to know much about how the feudal systems worked, hundreds of years ago, but I suppose that progress means we don't have fiefdoms anymore (good?) and we don't have oaths of fealty anymore (or do we?) and even though people call me "Sir Knight", I don't ride a horse and I don't rescue damsels in distress or go on crusades.
Perhaps I could purchase an inch of land in Scotland and become a Lord!
Over the last 3 years,
Earning $XX per year in appreciation, $XX per year by renting the extra rooms, $XX per year from paying off the mortgage automatically, and $XX due to the lower monthly total payments compared to renting for a total of $80k/year in earnings is definitely worth mowing the lawn a dozen times a year. I haven’t even mentioned the tax deductions, or non-monetary benefits either.
Homeownership in America, assuming you paid for an inspection and didn’t buy a money-pit, typically means you will be at least middle-class for the rest of your life.
But sssssshhhh don’t tell everyone !! Otherwise there will be more buyers and more competition.
Homeownership in America, assuming you paid for an inspection and didn’t buy a money-pit, typically means you will be at least middle-class for the rest of your life.
But sssssshhhh don’t tell everyone !! Otherwise there will be more buyers and more competition.
stu432(1)
—RIP George Carlin