Quote:
Originally Posted by Damien
Why are European style rent controls never considered?
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Would deflate the asset bubble they're trying to hard to maintain. Take the ability to charge ridiculous rents away and BtL chancers will stop buying as they can't get a return on huge, interest only mortgages which they shouldn't actually have access to in the first place. Given these guys are a big part of the market right now, it's them and cash buyers mostly, there would be a danger of house prices adjusting back towards long term trend and we can't have that.