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Landlords set their rent at what the local market will bear. That is not just a trait of "shitty landlords": I have friends who inherited a flat or two and rent
by OfSanguineFire 3y ago
Landlords set their rent at what the local market will bear. That is not just a trait of "shitty landlords": I have friends who inherited a flat or two and rent it out, but are bohemian types and not too concerned about making lots of money in real estate, and still their guide for how much to charge tenants is what the market in their town bears. Without targeted legislation, everyone getting some extra money absolutely will result in rent increases even from many chill landlords.
- tharmas 3y agoDidn't this happen in the UK with housing benefit? The UK govt helps out with rent so landlords raised their rents accordingly to capture that added benefit. UBI will just be captured by Landlords. I believe the number of UK MPs who were landlords went up considerably. In Canada 20% of MPs are landlords and 40% are real-estate investors. Not surprising since Canada's economy is based almost entirely on resource extraction.