Carl Assar Eugén Lindbeck, the left wing Swedish economics professor said in 1971 “Next to bombing, rent control seems in many cases to be the most efficient technique so far known for destroying cities”
Does Corbyn want to destroy all the cities in the UK? Because that is what will happen if he is serious about implementing Rent Control in them. Landlords will cease to maintain in their properties or simply stop renting them out altogether if they can’t get a return on their investments. How will this help those wanting to rent?
The best way to lower rents in our cities (and in towns & villages which have the same problem) is to invest in new social housing & renovate existing homes, As the 2017 Lib Dem Manifesto said, we need to build 300,000 homes a year, allowing councils to build the houses that families need rather than the ones developers can make the most profit on.
While it sounds a great policy from a Party Conference podium, rent controls won’t work without adjusting the supply of housing to make more homes available.
Just like Farage and the other Brexit campaigners, Corbyn is guilty of trying to sell the equivalent of snake oil to the people on the UK, warm words, great sound bites, empty promises. It might fool some of the people some of the time, but we can’t build a better future for our nation on such policies. In the end, if Corbyn gets his way, it will be the poor and the young who will struggle to find affordable housing, the very people Corbyn pretends to support.