Comment by tialaramex
3 hours ago
> seeing its rateable value go up 480%!
Rateable value is based on what the market prices would be to rent that space. So, somebody is doing nicely apparently.
3 hours ago
> seeing its rateable value go up 480%!
Rateable value is based on what the market prices would be to rent that space. So, somebody is doing nicely apparently.
But if the landlord owns the pub (rare in the UK I know), but I believe it’s the case in this instance, then what are they getting from unrealised property price gains?
What does anyone gain from it really, except money in the bank for a handful of individuals, outsized property prices seem to be a hurdle for functional societies in basically every way.
It doesn't benefit a town if rent is so expensive that their businesses shut down.