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rents are driven by mortgage rates now - what the fuck.
I can just hear those fucking thatcherites and blairites shitting out their free market rhetoric all over the place.
still, people keep voting for it, so it must be working for the upper middle .
That's normal. When it gets more expensive to buy, more people are forced into renting, which increases demand for rentals, which increases the price of rentals.
Rent control is how many societies and communities deal with it.
Rent control leading to famously affordable rents in New York and San Fransisco.
We have social housing in the UK which is rent capped and it gives people an element of stability. It can work well
Just because some authorities implement it poorly doesn't mean it can't be effective. i just looked up new york rent control and it says
well then what is the fucking point? and rent stabilisation seems no better
"tHatS noT rEaL ReNt coNtRoL."