Three year emergency brake would prevent rents rising above CPI, wage growth or 2% – whichever is lowest Zack Polanski will today [2 Oct] unveil the Green Party’s plan for an emergency brake on private rents to put an end to the ‘fear and uncertainty’ plaguing renters and tackle the runaway rents which have outstripped […]
so why didn’t he put a tax or penalty on empty homes?
putting a freeze on rent prices aka market intervention usually results in the market self correcting, so if the market is overwhelmed enough eventually the market will work around this by asking for bigger upfront payments, hidden extra payments, payments that don’t involve cash etc
so why didn’t he put a tax or penalty on empty homes?
putting a freeze on rent prices aka market intervention usually results in the market self correcting, so if the market is overwhelmed enough eventually the market will work around this by asking for bigger upfront payments, hidden extra payments, payments that don’t involve cash etc
I’m not against wealth taxes in general. No argument from me. According to the article, rent increases has far surpassed wage increases.
There’s a few ways of addressing that, I don’t think Greens are ONLY arguing for a rent freeze, i