So we don\’t want a rent cap, but we don\’t want an entire generation under the thumb of rental rip-offs. The most radical answer is also the simplest: more houses need to be built, and they need to be in public hands, so that private landlords are kept honest. The market only looks like this because it\’s all demand and scant supply.
You almost get there but then fall at the last fence.
Yes,the solution to not having enough housing is to build more housing.
The soution to scant supply is to increase supply.
But why this insistence that it should be publicly built housing, housing built only to rent?
Why not just reduce the cost of private house building?
And as we know (Jeebus, I\’ve said it often enough) the largest part of the cost of a house (at least in the South) is the scarcity value of planning permission. So, all we need to do is issue more planning permissions, thus bringing down that scarcity value, the cost of housing and we\’re done, aren\’t we?
And, in fact, the current government is proposing exactly this.
It\’s just that everyone is shouting at them for doing so which is a bit odd really.