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Scrooge would probably agree wholeheartedly. The reality is that curtailment of abusive zero hours contracts provided by the employment rights legislation was
by pydry 1mo ago
Scrooge would probably agree wholeheartedly.
The reality is that curtailment of abusive zero hours contracts provided by the employment rights legislation was direly needed and renters desperately needed protection against landlords who would habitually jack up rents and kick you out.
These are probably the only two good bits of legislation done in the last few years.
The renters rights act has led to buy to let landlords selling up all over leading to a decline in property prices. It's hardly feel good - it means first time buyers can get on the property ladder easier and renters cant be kicked out as easily.
- mhh__ 1mo agoRent controls are great if you already have a place
- vinaigrette 1mo agoControlling real estate supply should be in every local government playbook.
- mhh__ 1mo agoThey already do, you need permission from local government to build almost anything in Britain.
- rcxdude 1mo agoThe UK rental rights don't really have rent controls as they're normally conceived: the two limits are rent can only go up once a year and that it must be roughly in line with similar properties in the market or area, i.e. explicitly rents follow the market.
- mhh__ 1mo agoThe renters rights act is already seemingly leading to distortion in the market - it's not really the price controls as per se but the inability to do things when the tenant is in place.
- pydry 1mo agothe distortion is the slow euthanization of the parasitic buy to let landlord class and a decline in property prices to more affordable levels.
- pydry 1mo agoScrooge would agree wholeheartedly. Some landlords believe that because it brutally eats into their profits and because it's a band aid which addresses the cost of housing without magically fixing supply shortages that it ought to be scrapped with extreme prejudice. "Sure, it would be a tragedy if I tossed the nurse out of her apartment but has anybody considered the plight of the junior investment banker looking for a place to rent who could pay me more?"