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If you forbid people to buy with the intention of letting the flat, you are forcing people to buy or else. How would that be an improvement?

Because it means there are fewer houses to buy, and therefore prices for buyers are higher. And because landlords have to make a guaranteed return - or they lose the property - rents are higher too.

Just regulate the price increase while letting buy to let happen and you may find that the price adjustment will be a lot faster.

Rent regulation is Immensely Unserious.

I think there may still be some vestiges of regulation left in London, but no one in government is going to mind much if there's a new generation of rich landlords.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Jun 3rd, 2011 at 04:53:43 AM EST
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