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Interesting that you make the point about rent subsidies, we have those here to (but under a different name). It has a really strange effect though of putting
by headmelted 10y ago
Interesting that you make the point about rent subsidies, we have those here to (but under a different name).
It has a really strange effect though of putting a floor of £450/month on almost anywhere (even the nastiest dive you could think of), but the sweet spot seems to be the next 25% up to £600. The difference between a really nice, new house, and a really crappy apartment in a bad area is about £100/month, solely because of the bottom on rents provided by the subsidies.
I suspect it's a really nice racket for modern day slumlords to be honest.