As everyone seems to be posting election stuff:
Rents to be capped at inflation, rental contracts to be for three years
with no termination by the landlord without a "good reason" (whatever that
So all tenants will be both secure for three years and know their rents
won't be going up?
My take on this is:
(1) If there seems to be any chance of this happening then rents will be
jacked way up immediately to circumvent the cap.
(2) If being tied to a three year agreement seems too binding, then
landlords will evict and potentially leave the rental market.
(3) There will be an awful lot of in-fighting over what are "good reasons"
All this isn't going to help tenants - because they are going to get a
steep rent rise or/and eviction.
This isn't going to help the rental market because it makes being a
landlord less attractive and will reduce the available rental properties.
It isn't going to help people to buy because although there are likely to
be ex-rental properties coming on the market, the cost of rental is going
to be rising rapidly so comparisons between rent and buy are going to push
house prices up.
There are also likely to be a number of ex-tenants looking for somewhere
to live because the rental market has just shrunk. So they will be chasing
existing properties because not enough new properties are being built.
It is quite likely that large commercial landlords will consider evicting
tenants and leaving properties empty if this looks to make economic sense.
So (not pointing a finger at any one political party) the way to reduce
rentals and purchase costs is to BUILD MORE HOUSES!!
Trying to artificially restrict market forces does not solve this kind of
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