The UK's housing crisis is being attributed to the failures of neoliberal economics, with calls for the reintroduction of rent controls as a potential solution, as suggested by Victoria Spratt. However, critics argue that rent controls could exacerbate the problem by reducing incentives to build more housing, driving properties out of the rental market, causing long waiting lists, and degrading the quality of housing stock. In the US, policymakers are pushing back against large investors, particularly Wall Street firms, buying up significant percentages of single-family homes to rent out at high prices. This practice is believed to be worsening the housing crisis, with some advocating for a ban on large investors in the housing market. They are facing resistance from a powerful new single-family rental lobby.
As Wall Street buys up entire neighborhood blocks, driving up corporate purchases of single-family homes to historic highs, tenants are suffering. https://t.co/X16YfjQFGg
Policymakers in states across the country are finally pushing back on Wall Street firms buying up swathes of single-family homes to rent out at high prices. But they’re facing the might of a powerful new single-family rental lobby. https://t.co/X16YfjQFGg
Policymakers in states across the country are finally beginning to push back on Wall Street firms buying up swathes of single-family homes to rent out at high prices. But they’re facing the might of a powerful new single-family rental lobby. https://t.co/X16YfjQFGg
Rent controls are an extremely bad idea that diminish incentives to build more, drive properties out of the rental market, cause long waiting lists for housing, and degrade the quality of the housing stock. Clownish to propose them when the supply-side is so clearly the problem. https://t.co/qsGXCpNoSI
Too many families are struggling to rent or buy a home. This crisis has been exacerbated in recent years by an increasing number of large investors purchasing a significant percentage of single-family homes. It's time to ban large investors from the housing market.
Britain's housing crisis is the biggest proof of the failure of neoliberal economics. Bringing back rent controls is the first step to fixing the problem, @Victoria_Spratt says. https://t.co/bxuVZtpqho