> One of the largest second-order effects of transferring all risk to landlords is that rents will go up The opposite is likely. If we finally require landlord

> One of the largest second-order effects of transferring all risk to landlords is that rents will go up The opposite is likely. If we finally require landlords to actually take on the risks they already consented to previously, many of them will give up and sell out -- freeing property up to be used productively by real people, and lowering rents. In effect, if we stop bailing out landlords, landlording will become a slightly-less-lucrative industry, which will slightly reduce cost-of-living across the entire market.