Why Economists Fear London Mayor Sadiq Khan's Rent Control Plan for London

[@leemarriott7961]

Excellent, thank you. I'd add one point - when you say that it reduces rents, even that depends on how exactly the rent controls work. For example, is the rent 'freeze' driven by "tenant in property" or by "property"? In general it is those who are actually in a contract at the moment that the rent controls are introduced that benefit... anyone outside, or if the individuvuals want to move... loses out as the supply dwindles or the cost has to go up. So actually the beneficiaries are few in the medium term and almost non existant in the long term.

[@Stafford674]

The only people who benefit from rent controls are existing tenants. Like most Labour policies rent control benefits those who have at the expense of those who have not.

[@mckernan603]

Just clamp down on foreign and banker investment/speculation on homes, simple.

[@jesuscbm]

Doesn't really fix anything. Supply keeps being the same

[@johnjakson444]

I live in both the UK and US,. Its always about supply and demand. In the US I can probably find a apartment to rent just by driving into an apartment complex and signing the contract, usually month to month but sometimes longer. In the UK I might have to compete against many other viewers for the privilege of interviewing with the landlord or agent and it could takes weeks with low chance of signing.

[@tarquin161234]

High rents are a symptom of other bad decision making

[@NeraBuffy]

He either doesn't know how to do anything that doesn't damage London or he's doing it on purpose.

[@lebowski_dude]

I suspect both.

[@lebowski_dude]

Thomas Sowell has some thoughts about price controls - he's not a fan. Since he's one of the smartest thinkers of the 20th Century we should probably pay attention.

[@danthelambboy]

Rent cap will help, it will mean more supply of housing for sale

[@nightshadowend]

He literally explained it. It does not work like that.

[@jesuscbm]

How? It would mean less supply (renting is less profitable) and more demand (renting is cheaper)

[@Doomedcreatures]

will be awful for people trying to launder money

[@advocate1563]

Great. Berlin - Caveat Emptor.

[@sakuradatakeru3105]

FYI this think tank receives donation from tobacco company.

[@adamthomas-brown8224]

By economists, you mean the IEA… Not to say they’ve never got anything right, but their record isn’t great.

[@somebodyintheinternet5478]

hell yeah dude true, lets go back to nanny government to obtain our rightful monthly rations!

[@Car-ro2hw]

Hm, so either way, are you reiterating that renting is a privilege not reserved for the key working population that went to work during lock downs?

[@techlon]

nice clear video, thanks!

[@goldjellyfish2452]

Less properties because of greedy landlords

[@pneron2032]

Good vídeo

[@cedarstuff]

Always be wary of short people with power.

[@2525Hudson]

Correct...... Napoleon. 😁

[@Mchelsea2924]

You two sound like dinosaurs

[@cianog]

I heard the same about black people.

[@schofield4836]

He looks like sinwar

[@adrian19831983]

If you weren't Tory influencers, we might consider your opinion

[@Mchelsea2924]

😂

[@cianog]

What a intelligent way to think 🤪🤪