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Disincentivising a predatory rental market only lowers the cost of housing prices because it excludes buy-to-rent commercial landlording. Properties don't disap
by MickerNews 8y ago
Disincentivising a predatory rental market only lowers the cost of housing prices because it excludes buy-to-rent commercial landlording. Properties don't disappear from the market just because there's no landlord able to buy them. Granted this needs to be coupled with further disincentivising of the current stock being rented.
- akho 8y agoRents will go up, as will prices for existing, rentable, houses. So current homeowners benefit at the expense of those who will continue to rent. I have no opinion on the movement of new housing purchase prices. It depends on the kind of landlords buying houses in Amsterdam, and their alternative investment options; also on the volume of additional demand generated by the increase in rents. I'm not sure why you believe the Amsterdam rental market to be predatory, or what you even mean by that. Perhaps you have more experience with it.
- MickerNews 8y agoI'm far more experienced with the rental market in Dublin, I'm Irish living in the Netherlands. The situation in Dublin is the endgame of the same property market extremism. The national obsession with landlording and trying to get someone else to pay for your mortgage ended a few short years ago with the world's biggest bailout. In Ireland there's very little regulation and what there is is almost completely unenforced. No lessons were learned and we now have a national housing crisis with a neoliberal government turning a blind eye to rampant homelessness and a lost generation. All potential solutions are met with excuses as to why it will only cause problems for the young being able to rent, thus furthering the crisis.
- akho 8y agoThe (urban) solution is socialized housing, rent controls, and density. Not whatever this is.