2 ms·
The side effect of your proposal would be rent increases and a decrease in supply in dwellings, as less people would be prepared to accept the risk, That's my p
by asdefghyk 2y ago
The side effect of your proposal would be rent increases and a decrease in supply in dwellings, as less people would be prepared to accept the risk, That's my prediction after almost 40 years supplying several rental properties. You should tell banks and other lenders the same thing, do not ask so many questions.
- foldr 2y agoThat is a generic argument that can be used against any form of regulation on the rental market. As the proportion of people who rent increases, I suspect that there will be growing political pressure to ban these intrusions and humiliations. (I wonder if you share your own bank statements with your tenants?)
- bombcar 2y agoAmusingly enough that's becoming an issue in some places; people "rent" properties they don't own and then skip town with the deposits and leave the owner with an unexpected tenant to evict.
- foldr 2y agoYes, indeed. Tenants have just as much of an interest in knowing the financial particulars of their landlords as vice versa.