And now we take over all the property in the country!

Richard,
Given the Scottish Govt have introduced a rent increase freeze on landlords, am I right in thinking the interest rate rises will cause havoc in the rental sector, both with landlords becoming unable to pay their mortgages and selling, and also them trying to end tenancies by whatever means, given the only way they will be able to increase rents is when taking on a new tenancy?

Reply
Richard Murphy says:
September 24 2022 at 4:52 pm
Yes

So the sector will have to be socialised

Next problem to solve?

Reply

All so simple in Tuberland, isn’t it?

11 thoughts on “And now we take over all the property in the country!”

  1. The economy is like an organic computer, with hundreds of thousands of calculations made by its actors contributing to vital price signals.

    How does putting this entire system in the hands of a cabal of PPE failures benefit anyone?

  2. Kaneda: As is already being demonstrated in the knots the government is tying itself into trying to price and subsidise energy consumption. “We’ve sorted this”. #Hey, but you’ve missed us out# “Ah, ok, we’ll have a scheme for you.” #What about us?” “Dammit, another sector, ok, you as well” …. etc.

  3. Indeed jgh:
    “I use more energy therefore I need more help”
    And absolutely no-one in government will tell these graspers
    ‘Well then, you will benefit more than others if you use less’

  4. “In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”

    Assar Lindbeck

  5. In fairness he’s merely adapting the WEF maxim – ‘you’ll own nothing and be happy’ – which is par for the course for an extreme left wing totalitarian

  6. It’s fashionable to say we’re watching a re-run of the 1970s, but this is a re-run of the 1920s. Yes, the Rent Act virtually wiped out private rental and more or less created the “council house”, but it led to an even larger increase in owner-occupation, arguably sowing the seeds for Thatcher’s dream of a “property-owning society” some 50-odd years later.

    Remember when Gordon Brown wondered why Britain, alone in Europe, had such a high rate of home ownership? That’s why: a century-old legacy of his smartarse predecessors. My own house was part of a development – far from the only one of its kind – of several hundred large, handsome, middle-class, tenement flats in the typical Glasgow style built for rental by the British Linen Bank at the turn of the last century. For the last hundred years or so, they’ve been almost exclusively owner-occupied. Guess who sold the former tenants their first mortgages.

    Be careful what you wish for, potato-boy.

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