The 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.
The 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.
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?"
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Rent controls are great if you already have a place
The 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.
The 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.
the distortion is the slow euthanization of the parasitic buy to let landlord class and a decline in property prices to more affordable levels.
Scrooge 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?"
Controlling real estate supply should be in every local government playbook.
They already do, you need permission from local government to build almost anything in Britain.