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It's in the interests of landlords to let their properties, and the number of vacant properties in London is minimal. Rent control does not work because it dec
by entity345 8y ago
It's in the interests of landlords to let their properties, and the number of vacant properties in London is minimal.
Rent control does not work because it decreases supply and increases demand (so the exact opposite of what a working solution should do!). Your suggestions would only make these effects worse.
In the end, rent control is a gift to most well-off tenants at the expense or everyone else.