The correct solution to this problem is to tax the rental income and hand that money to low income households. It would create a balance of correct market prices and allowing low income people to stay.
Just letting the price float and pushing low income people out creates an unbalanced society where a class divide builds up over time. Modern housing policy in the UK is to mix social housing with regular housing developments, having social housing all grouped into one location was a catastrophically bad idea from the post war era.
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The correct solution to this problem is to tax the rental income and hand that money to low income households. It would create a balance of correct market prices and allowing low income people to stay.
Just letting the price float and pushing low income people out creates an unbalanced society where a class divide builds up over time. Modern housing policy in the UK is to mix social housing with regular housing developments, having social housing all grouped into one location was a catastrophically bad idea from the post war era.