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Rent controls are great if you already have a place
by mhh__ 28d ago
Rent controls are great if you already have a place
- vinaigrette 28d agoControlling real estate supply should be in every local government playbook.
- mhh__ 27d agoThey already do, you need permission from local government to build almost anything in Britain.
- rcxdude 28d 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__ 27d 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 27d 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 27d 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?"