Tuesday 24 January 2017

Why capping of rent won't help solve the housing crisis

Published 01/10/2015 | 02:30

'Repossessions of family homes is one of the causes of the homelessness crisis'
'Repossessions of family homes is one of the causes of the homelessness crisis'

The Government's proposed capping of rents has been tried unsuccessfully in several other jurisdictions in the past, without solving the housing problem.

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It was tried in Italy in the 1970s but later abandoned because the net result was a drop in the amount of housing available as landlords exited the market.

It is unlikely our experience here will be much different, and as a famous man once said "stupidity is the inability to learn from experience".

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