Rent controls were a huge success during the 1900s, they never should have ended. We went from 70% of people having a private landlord in 1939 to 8% in 1989, millions of people becoming owner occupiers, hundreds of thousands of previously private rentals turned into council houses on the cheap.
Even the Tories said “The accelerating decline of the privately rented sector is quite irreversible. The private landlord, as he exists now and has existed, will, within a generation, be almost as extinct as the dinosaur. There is nothing that can be done about this.”
Sadly Thatcher proved them wrong and turned landlording back into a machine in the service of entrenching wealth.
jangrol on
Alright, how do we distract from the various antisemitic councillor stories, or the leak of our own internal projections that migration will top 5 million a year under our proposals?
Let’s remind them we also have a load of provably awful economic policies too!
[deleted] on
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[deleted] on
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WildOne19923 on
I’m sure that rent controls will definitely work, having never worked across the world and have even recently been repealed in Scotland as they were a disaster.
Build more houses
Dimmo17 on
Reminder this is their housing policy, you’re combining rebt controls with some of the strictest building regs in the world, then you have the much stricter environmental regs and the loosest immigration laws in a developed nation in modern history. –
– Require local authorities to spread small developments across their areas.
– Require all new developments to be accompanied by the extra investment needed in local health, transport and other services.
– Ensure that all new homes meet Passivhaus or equivalent standards and house builders include solar panels and heat pumps on all new homes, where appropriate.
– £29bn over the next five years to insulate homes to an EPC B standard or above as part of a ten-year programme.
– £4bn over the next five years to insulate other buildings to a high standard
– £9bn over the next five years for low-carbon heating systems (e.g. heat pumps) for homes and other buildings
Thanks to reddit, this photo, of this specific person, is now just synonymous with crazy policy ideas.
I see *this* photo first, and before I even read the title, my brain is already at, “what crazy shit has he come up with now?”
Caffeine_Monster on
Just a reminder that rent controls actually make things significantly worse long term for renters (say 4-5 years) because the number of rental units will decrease. Whenever the owner sells up and you are forced to move you will find there is nothing to rent.
Rent controls are fine as a short term or emergency solution. Starting rent controls without a plan to remove them again is crazy.
What is needed is policy that forces prospective landlords into investing in new housing stock (i.e. building) rather than strangling supply. That and a tax on empty homes.
middleofaldi on
Rent control is bad policy and will make housing less affordable for the poorest in society. This is how you get 6 months waiting lists for private rentals
Another stupid idea from Zack and the Green party.
It’s never worked, anywhere.
Groffulon on
Words so easy to say and so hard to back up with well thought out policy backed by research. Just another gob on a stick pretending to be clever.
storm_borm on
Rent controls were recently implemented in Amsterdam. It’s caused a huge sell-off from landlords, which is great for first-time buyers but terrible for renters. Less stock and higher rents. I know people paying €3000 a month for a two bedroom flat.
Astriania on
This is the kind of article and interview that the Greens need to stop having.
In this one Polanski is offering a completely economically illiterate housing policy, and also saying we should accept asylum seekers into the economy and make it easier to get here from Calais. It’s just vote losers in all directions.
On rent control specifically: If a market has an equilibrium price, and you force the price to be lower than that, you end up with more demand at that price than can be serviced by the supply. That means that rather than using “can I afford it” as the criterion for who gets the housing you want, you use something else. That usually ends up being “do you know the right person who can give you an under the table rental” or “did you manage to get on the list 30 years ago and can now never leave”, neither of which is better.
It’s also a huge incentive for quasi-legal or outright illegal rental deals and subletting, which then means renter’s rights don’t apply because it’s not a real rental.
You can see all of this in cities that have rent control today, for example in Stockholm the waiting list for a rent controlled property is 10 years.
It’s one of those things that sounds good on the surface but doesn’t really work. Which sums up a lot of Green policy right now tbh.
The way you reduce prices is basic economics: increase supply and/or decrease demand. Supply of housing is pretty inelastic (it’s hard and expensive to create new units, especially in the places people most want to live), but demand increases through immigration are entirely in the control of policy. But of course the Greens’ migration policy is *also* crazy and would create a huge spike of new demand for housing.
13 commenti
Rent controls were a huge success during the 1900s, they never should have ended. We went from 70% of people having a private landlord in 1939 to 8% in 1989, millions of people becoming owner occupiers, hundreds of thousands of previously private rentals turned into council houses on the cheap.
Even the Tories said “The accelerating decline of the privately rented sector is quite irreversible. The private landlord, as he exists now and has existed, will, within a generation, be almost as extinct as the dinosaur. There is nothing that can be done about this.”
Sadly Thatcher proved them wrong and turned landlording back into a machine in the service of entrenching wealth.
Alright, how do we distract from the various antisemitic councillor stories, or the leak of our own internal projections that migration will top 5 million a year under our proposals?
Let’s remind them we also have a load of provably awful economic policies too!
[removed]
[removed]
I’m sure that rent controls will definitely work, having never worked across the world and have even recently been repealed in Scotland as they were a disaster.
Build more houses
Reminder this is their housing policy, you’re combining rebt controls with some of the strictest building regs in the world, then you have the much stricter environmental regs and the loosest immigration laws in a developed nation in modern history. –
– Require local authorities to spread small developments across their areas.
– Require all new developments to be accompanied by the extra investment needed in local health, transport and other services.
– Ensure that all new homes meet Passivhaus or equivalent standards and house builders include solar panels and heat pumps on all new homes, where appropriate.
– £29bn over the next five years to insulate homes to an EPC B standard or above as part of a ten-year programme.
– £4bn over the next five years to insulate other buildings to a high standard
– £9bn over the next five years for low-carbon heating systems (e.g. heat pumps) for homes and other buildings
https://greenparty.org.uk/about/our-manifesto/providing-fairer-greener-homes-for-all/
Thanks to reddit, this photo, of this specific person, is now just synonymous with crazy policy ideas.
I see *this* photo first, and before I even read the title, my brain is already at, “what crazy shit has he come up with now?”
Just a reminder that rent controls actually make things significantly worse long term for renters (say 4-5 years) because the number of rental units will decrease. Whenever the owner sells up and you are forced to move you will find there is nothing to rent.
Rent controls are fine as a short term or emergency solution. Starting rent controls without a plan to remove them again is crazy.
What is needed is policy that forces prospective landlords into investing in new housing stock (i.e. building) rather than strangling supply. That and a tax on empty homes.
Rent control is bad policy and will make housing less affordable for the poorest in society. This is how you get 6 months waiting lists for private rentals
https://www.nber.org/papers/w30083
Another stupid idea from Zack and the Green party.
It’s never worked, anywhere.
Words so easy to say and so hard to back up with well thought out policy backed by research. Just another gob on a stick pretending to be clever.
Rent controls were recently implemented in Amsterdam. It’s caused a huge sell-off from landlords, which is great for first-time buyers but terrible for renters. Less stock and higher rents. I know people paying €3000 a month for a two bedroom flat.
This is the kind of article and interview that the Greens need to stop having.
In this one Polanski is offering a completely economically illiterate housing policy, and also saying we should accept asylum seekers into the economy and make it easier to get here from Calais. It’s just vote losers in all directions.
On rent control specifically: If a market has an equilibrium price, and you force the price to be lower than that, you end up with more demand at that price than can be serviced by the supply. That means that rather than using “can I afford it” as the criterion for who gets the housing you want, you use something else. That usually ends up being “do you know the right person who can give you an under the table rental” or “did you manage to get on the list 30 years ago and can now never leave”, neither of which is better.
It’s also a huge incentive for quasi-legal or outright illegal rental deals and subletting, which then means renter’s rights don’t apply because it’s not a real rental.
You can see all of this in cities that have rent control today, for example in Stockholm the waiting list for a rent controlled property is 10 years.
It’s one of those things that sounds good on the surface but doesn’t really work. Which sums up a lot of Green policy right now tbh.
The way you reduce prices is basic economics: increase supply and/or decrease demand. Supply of housing is pretty inelastic (it’s hard and expensive to create new units, especially in the places people most want to live), but demand increases through immigration are entirely in the control of policy. But of course the Greens’ migration policy is *also* crazy and would create a huge spike of new demand for housing.