The effect of Rent Controls

An article in the Financial Times aims to justify why Rent Controls are BAD. Hmm I suspect the Columist, Editor and Owner of the Newspaper are all wealthy landlords no doubt.

City AM Quote: “When the UK last had [rent controls], the private rented sector fell from 55 per cent of households in 1939 to just 8 per cent in the late 1980s”

Rephrased: “When the UK last had [rent controls], owner-occupation increased from 35 per cent of households in 1939 to 72 per cent in the late 1980s.”

City AM Quote: “Private landlords created 60 per cent of new homes homes between 1986 and 2012 – a total of 3m. There is a market for corporate investment as well as private.”

Rephrased: Actually since 1986 house building has dropped to a record low and “Developers and construction workers created 100 per cent of new homes since 1986, and landlords snapped up most of them.”

Please bring in Rent Controls and lets help increase Home Ownership and help Renters and First Time Buyers instead of prioritising multiple home owning Buy to Let landlords who are treating homes as assets (these assets are too scarce at present and we need to share them around more fairly, i.e. promote having one home each)

Tenure Image

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