Lootman wrote:MrFoolish wrote:On the one hand you say rents will be "rocketing". On the other hand you say landlords will be "getting out". It doesn't really stack up
It makes perfect sense. If landlords are deterred from offering their housing units for long-term rental then, other things being equal, that will reduce supply without lowering demand. The result is higher rents.
But other landlords will be attracted into the business by those higher rental payments. It's swings and roundabouts.
Anyway, with the general affordability crisis, I'd say there's limited scope to put rents up. People simply can't afford it. You can't buck the market.
Call me Mr Sceptical, but when landlords are complaining that rents might go up, I feel this is not really their point of concern.