{"id":1402,"date":"2014-12-15T10:04:18","date_gmt":"2014-12-15T10:04:18","guid":{"rendered":"http:\/\/www.propertyportfoliosoftware.co.uk\/blog\/?p=1402"},"modified":"2014-12-15T10:04:18","modified_gmt":"2014-12-15T10:04:18","slug":"london-mayoral-candidate-calls-for-rent-controls","status":"publish","type":"post","link":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/london-mayoral-candidate-calls-for-rent-controls.html","title":{"rendered":"London Mayoral Candidate Calls for Rent Controls"},"content":{"rendered":"<p>Diane Abbott, MP for Hackney, is calling upon the government to introduce rent controls. She says the private rental market is in serious need of reform because the high cost of renting in the capital has distorted living costs and many people have to hand over up to 50% of their monthly earnings to a <a href=\"http:\/\/www.propertyportfoliosoftware.co.uk\/video.landlord_bank_accounts.html#watch-demo-anchor\">landlord<\/a>.<\/p>\n<p>\u201cA major international city without measures to stabilise rent runs the risk of rents spiralling out of people\u2019s reach. It is no coincidence that New York, Paris and Berlin all have some version of rent control. For too long politicians have rejected any form of rent controls but it is time to look at the issue again.\u201d<\/p>\n<p>It is a contentious viewpoint, and to date not one that has been very popular with the politicians, but <a href=\"http:\/\/www.propertyportfoliosoftware.co.uk\/video.landlord_bank_accounts.html#watch-demo-anchor\">tenants<\/a>\u2019 pressure group, Generation Rent, is very much in agreement.<\/p>\n<p>\u201cRent Control is one of those strange policies that\u2019s popular with the public but beyond the pale for much of the political establishment. This is because it devalues the price of land, and wealthy people have a lot of money tied up in land at the moment,\u201d says Alexander from Generation Rent.<\/p>\n<p>Alan Ward from the Residential Landlords Association thinks the introduction of rent controls would be extremely \u201cshort-sighted\u201d. Chris Walker from the Head of Housing, Planning and Urban Policy at Policy Exchange, doesn\u2019t agree either:<\/p>\n<p>\u201cNot only do rent controls reduce future returns for landlords \u2013 lower returns imply lower investment \u2013 but they send entirely the wrong signal to future investors creating more uncertainty, not less\u2026\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diane Abbott, MP for Hackney, is calling upon the government to introduce rent controls. She says the private rental market is in serious need of reform because the high cost of renting in the capital has distorted living costs and &hellip; <a href=\"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/london-mayoral-candidate-calls-for-rent-controls.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1402","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1402"}],"version-history":[{"count":3,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1402\/revisions"}],"predecessor-version":[{"id":1405,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1402\/revisions\/1405"}],"wp:attachment":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}