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England's odd leasehold property system is behind much of the wealth being concentrated within a certain few hands. Where you have almost seventy percent of the land owed by under one half percent of the population there exists a recipe for disaster.
I don't see any problem about the 5 families in the OP.
If you want more for yourself then be smart and get your own.
Why worry about the .1%?
Opportunity isn't democratic. Far from it, really. A family's financial, educational, and social capital are significant determinants of the children's future.
When I consider my own trajectory through, it is blindingly obvious that "my" choices are the result of opportunities created by family. Globally speaking, they have been pretty good. I've spent the last six years overseas studying and am in the process of applying for doctoral programs. I won't have to worry about money for some time. These proverbial doors would have been shut under different circumstances (ie not having a highly educated mother and a rich grandfather).
From the guardian article, the first four families were shoe-ins. Applauding their efforts is like applauding the "efforts" of a crown prince hours before his coronation. Only the fifth, Mike Ashley, could be considered self-made.
The self-made stories are extremely useful is keeping the drones quiet, I will say that.
I don't see any problem about the 5 families in the OP.
If you want more for yourself then be smart and get your own.
Why worry about the .1%?
it is kind of hard to "get your own" when the aforementioned families and their lot pretty much own much of the property in the country.
Creating wealth requires assets and that for most means land especially that under where you live. Under the leasehold system what you've got is basically long term renters, as sooner or later the lease ends and either must be renewed or the property returns to the owner.
As for the balance of your post, yes, historically many persons seeking to "get their own" legged it out of England/UK to places like the USA, Canada and even Australia because they saw emigration as the only way to own property and build wealth.
England's odd leasehold property system is behind much of the wealth being concentrated within a certain few hands. Where you have almost seventy percent of the land owed by under one half percent of the population there exists a recipe for disaster.
Yep. England and Wales are alone in having residential leasehold. It is a licence to print money for landlords. Look at:
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