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BBC article - 'Rent costs mean we keep having to move home' - mainstream highlighting rental costs

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"A spokesman for the Department of Communities and Local Government said: "This government is committed to creating a bigger, better private rented sector, with up to £10bn in government-backed guarantees to build more quality homes for rent. "

 

Says it all really.

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14 minutes ago, PaulParanoia said:

"A spokesman for the Department of Communities and Local Government said: "This government is committed to creating a bigger, better private rented sector, with up to £10bn in government-backed guarantees to build more quality homes for rent. "

 

Says it all really.

Even worse: " "We are doing this without the need for excessive state regulation that would push up prices and make it far harder for people to find somewhere to rent.".

Well nobody wants excessive state regulation. But some would be nice.

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8 minutes ago, PaulParanoia said:

"A spokesman for the Department of Communities and Local Government said: "This government is committed to creating a bigger, better private rented sector, with up to £10bn in government-backed guarantees to build more quality homes for rent. "

 

Says it all really.

Nope it actually says an awful lot. 

That £10bn of government backed guarantees isn't going towards building properties that are sold to private landlords and then let out, its being to pension funds and others who will build blocks of flats and then let them out. And I think your average pension fund with a block of 60 flats in one place is going to be rather more professional than your average amateur cowboy with flats in different parts of town.

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Just now, RentingForever said:

Even worse: " "We are doing this without the need for excessive state regulation that would push up prices and make it far harder for people to find somewhere to rent.".

Well nobody wants excessive state regulation. But some would be nice.

Which is the opposite of what most councils are going to do now Nottingham have discovered a source of money that will allow them to avoid 74 redundancies...

https://www.property118.com/nottingham-proposes-yet-another-tax-via-licensing-on-landlords/92332/

I would be shocked if we don't see another 50+ councils suggesting the same thing in the next few months.

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