Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
"Because it means there are fewer houses to buy, and therefore prices for buyers are higher."

Yes, but the alternative means fewer houses to rent, and therefore prices for renters are higher. Which is worse when there are already too many owner-occupied houses.

"And because landlords have to make a guaranteed return - or they lose the property - rents are higher too."

Well, having no tenant certainly does not give you a guaranteed return.
Now you may argue that banks should not be allowed to demand a guaranteed return. But to talk about banning buy to let seems crazy.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Fri Jun 3rd, 2011 at 11:50:04 AM EST
[ Parent ]

Others have rated this comment as follows:

JakeS 4

Display:

Top Diaries

The UK Left and Brexit

by car05 - Aug 27
1 comment

Brutish, Nasty, Prolonged

by john_evans - Aug 18
25 comments

Periphery, migration & decline

by Metatone - Aug 14
24 comments

1930s in social media

by DoDo - Aug 11
91 comments

It's "Whose Economy, Stupid?"

by Helen - Aug 3
27 comments

Recent Diaries

Occasional Series