The implosion of one of Labour\’s rotten boroughs shows that the Tories will lose?
And no, no, they\’re not are they?
Hurry forward with policies in the making on house building, rent controls
Rent fucking control?
Have these people lost their minds?
Yes
“Have these people lost their minds?”
In order to do that, they would need to have minds in the first place.
Rent Controls – the most efficient technique presently known to destroy a city—except for carpet bombing.
this JEP article “Time for revisionism on rent control?” may interest some
http://www.jstor.org/stable/2138358
Seems to be behind a paywall, Luis.
@Edward Lud
The paper suggests that second generation rent controls (which allow for rent increases and maintenance costs etc) might be optimal in non perfectly competitive markets. But then agrees that the political economy of even second gen rent controls might not be good. (just because it could be good in theory doesnt mean it is in practice good).
Here’s a fairly standard view of rent controls eventually published in the EJ in 2000;
http://www.arts.cornell.edu/econ/CAE/rentcontrol.pdf
Well, to be fair, if you’re going to have land controls, you probably also need rent controls. Just to make sure your intention of denying the bulk of the population a decent place to live is thoroughly achieved.