The debate on whether the private rental sector and landlords require greater regulation has inevitably been promoted by the Guardian. It's fair to say that the Guardian and it's readers are not residential landlords greatest fans.
Have a look at the details between an advocate of the private rental sector Micheal Ball of the University of Reading and Alexander Hilton Director of 'Generation Rent'.
What I would say is Alexander's analogy that it's easier in terms of regulation to become a landlord than it is to become a kennel owners letting to dogs. Well kinda yes. However, I'm not sure that tenants would like to be compared to helpless hounds. Clearly tenants have the ability to move, to seek legal redress, not to pay rent all sorts of legal remedies. Poor old Fido doesn't!
In a fluid, transparent economy, regulation will have little impact on improving standards but it will create a huge, pointless bureaucracy with loads of toothless technocrats. Does anybody remember .....the banks; they were regulated before they went bust....
Feel free to comment on the debate.
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ReplyDelete".....the banks; they were regulated before they went bust...."
ReplyDeleteHardly! It was LACK of bank regulation that allowed the 2008 financial crisis.