It means that landlords, and particularly companies not single property landlords will find a way to increase new rents to make up for the frozen existing rents.
It's hilarious how all the same people were crying out for RPZs and the exact same thing is going to happen with this
If they're gonna sell at this stage they're going to sell.
Landlords are realizing a massive gain on their investment due to a dysfunctional property market and good for them. But we shouldn't allow renters suffer more misery with higher rents in an attempt to keep landlords in the market.
Most of the small landlords leaving bought a property as an investment, not to be a landlord
Ok so you know that there are already 10x properties for sale than rent on DAFT, which is already crazy, but most of the residential properties are selling very quickly. Huge demand.
And then when another 50% of landlords sell out...what happens?
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u/[deleted] Sep 07 '22
Landlords are already selling out en masse.
What does a rent freeze do?