Can you explain how government subsidized 'sitting tenants' used to work pre- 1988 housing act?

The-Joker

Many countries have rent controls in place these days, the uk is long overdue for called rents.

I know it means many landlords will not be able to pay their mortgage payments but then property needs a correction down it’s long overdue

Thrugelmir

phillw wrote: »

Corbyn is more moderate than the picture the right are painting for political gain.

No requirement to paint any pictures. Corbyns views are well documented. To say that many aren't in line with mainstream thinking, irrespective of ones political views, would be a fair comment.

The-Joker

Thrugelmir wrote: »

No requirement to paint any pictures. Corbyns views are well documented. To say that many aren't in line with mainstream thinking, irrespective of ones political views, would be a fair comment.

He appeals to the poor
Actually he speaks to everyone who like free stuff


Who doesn’t want lower rents and house prices?

Who doesn’t want free high speed broadband?

Who doesn’t want to have one day off a week and still be paid for it?

John_Smith_2019

lincroft1710 wrote: »

Back in the early 1980s came across an old lady who was living in a house with a tenancy that had been rent controlled since at least 1957. Her rent - 15 pence (yes PENCE, I saw her rent book) a week!! She was bemoaning the fact her landlord wouldn't paint the outside of the front door, which admittedly had paint remaining on only about 20% of its surface.

I think what you are seeing here is an example of how currency inflation wasn't really appreciated in the UK, until the middle of the 20th century. This is when fiat currencies began to be used to allow sovereign debt defaults.

I've seen the same on 999 year leasehold houses, with a £1 per year ground rent.

Obviously currency debasement has been going on since Roman times, but it only really took off in the UK and Europe again with WW1, then WW2 etc.

John_Smith_2019

The-Joker wrote: »

Many countries have rent controls in place these days, the uk is long overdue for called rents.

I know it means many landlords will not be able to pay their mortgage payments but then property needs a correction down it’s long overdue

I think a lot of the countries that have rent controls, also tend to have more large institutional landlords. They have economies of scale when paying for maintenance contracts, admin and compliance staff etc. So they can keep costs much lower than a small time landlord.