OK - this isn't about guns. It's about London, which IS about guns if you're like me.
I was just in London and I noticed a lot of real estate was being offered on long-term leases - like 100+ year leases. There were also "freeholds," which I guess are outright purchases.
I found these long-term leases to be very interesting. What's the story with them? Are they common throughout Europe? And why would anyone want to buy into one (cheaper, no other options, etc)? Are there tax benefits to leases - like when you pass them down through families (if it can be done)? And how do families hold onto them, especially with the British tax codes, etc?
And no, I'm not looking to buy in London. That city is a lot of things, including insanely expensive. I don't think I could affored a place and the Ferrari/Lamborghini/Aston Martin/Bentley? Rolls that you must have to have to live there.
I swear, I've never seen so many expensive cars!
Anway, thanks.
OWD
