Amount spent by private renters is approaching parity with mortgage payments

Re:Amount spent by private renters is approaching parity wit... by CalRobert on Monday June 18, 2018 @07:21AM (#17337325)

Eh, for what it's worth it seems like making life terrible for landlords is a good way to convince the there's no point bothering with tenants, and thereby reduce the housing supply.

We've tried that in Ireland - I'm the beneficiary of Rent Pressure Zones in Dublin and I think they're incredibly dumb; if you want more housing don't try your hardest to convince all the people thinking "hmm, should we rent Grandma's unit that's been vacant in Rialto since she died 10 years ago" that it's a terrible idea!

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Re:Amount spent by private renters is approaching parity wit... by philjohn on Monday June 18, 2018 @01:12PM (#17339876)

Houses don't suddenly cease to exist when they are withdrawn from rental stock. For small and large landlords they would want to dispose of the asset as it's costing them money.

It's the inverse of the problem the BTL revolution had - small landlords buying up housing stock and driving prices up.

So, house no longer for rent - it'll go on sale, which means more houses available on the market, which would depress prices. The problem is that's unpalateable to the large Tory donors, so the only way out is to build build build (and maybe see if it's possible to forbid purchase by anyone but owner-occupiers).

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