Would you support or oppose proposals for the government in introduce a “rent control

the_flying_pig

michaels wrote: »

As a landlord I support the idea as it will lead to higher rents overall

That's, er, not the right diagram.

zagubov

michaels wrote: »

Nice to be the one who gets to choose where the 'zero' point on each axis lies

That would be a place with no anarchistic, fascistic, communistic or neo-liberal governmental tendencies.

Are we talking about the north pole or the south pole here (although they're equally uninhabitable)?;)

zagubov

the_flying_pig wrote: »

That's, er, not the right diagram.

It looks good though, and this is economics (AKA the dismal science), so a pretty graph doesn't half cheer us all up..:beer::j

ging84

I'm not sure it's a very valid question
i have no objection to the principle of rent controls but have never heard a proposal i would support
certainly not the nonsense labour have come out with this week

shortchanged_2

Cyberman60 wrote: »

I'm not a socialist so abhor their interference in the markets, which always have unintended consequences that others can see a mile off !!! :rotfl:

Other silly interventions:

Sale of gold after telling the market they were selling, thus reducing the price we got.

HIPS that killed the housing market with stupid bureacracy.

WTCs which deter work and add to the deficit.

splitting governance of the BofE and thus aiding the banking crash

etc....

So I take it you are against help to buy

cells

There should be a simple rent cap. £800 max inside London £600 max outside

ruggedtoast

I would support it as long as it comes in tandem with security of tenure. Of course a lot of private landlords will exit the rental market were this to happen but they are arguably the ones that shouldn't be there in the first place.

Unfortunately I just don't think it will work. Rents are too high because there aren't enough houses. The only effective way to tackle this is building more housing.

Thrugelmir

Given the fragmented nature of the letting market who would supervise such legislation. Easier ways of cracking this egg.

I wouldn't be adverse to longer term tenancies though. As is the case abroad.

patman99

There is already a scheme to regulate and cap rent in the private sector.
A friend of mine has lived in private rented for the last 30 years (in the same house). He was telling me that his rent is set by some kind o rent review board (can't remember the exact name).

His landlord is told how much rent they can charge and that this will be reviewed every 3 years. He pays around £300 p/m less than his neighbour (who has no idea such a scheme exists).

His tenancy is also protected so his landlord cannot kick him out without a costly Court case.

zagubov

patman99 wrote: »

There is already a scheme to regulate and cap rent in the private sector.
A friend of mine has lived in private rented for the last 30 years (in the same house). He was telling me that his rent is set by some kind o rent review board (can't remember the exact name).

His landlord is told how much rent they can charge and that this will be reviewed every 3 years. He pays around £300 p/m less than his neighbour (who has no idea such a scheme exists).

His tenancy is also protected so his landlord cannot kick him out without a costly Court case.

Such deals do exist. I had a former colleague who had a rent-controlled flat in Richmond, Surrey. Probably put a serious dampener on getting onto the London housing ladder. But she had a great place to live for a decent price.