Rent control reduces supply and makes life even harder for new tenants

Rent control was introduced during the first World War. Until the late 1940s, given low inflation and a falling population, this had limited impact on the housing market. However, once house prices began to surge in 1947 and 1948, rent controls began to bite as landlords got out of the business.

Many landlords find it is more attractive to sell up rather than continue to operate in a highly regulated market, where maintenance costs may be rising more rapidly than rents The current situation is that in major areas of the country rents are controlled, with a limited rise permitted each year. For existing tenants, this means that, over time, their rents stay well below the rents for new tenants. However, many landlords find it is more attractive to sell up rather than continue to operate in a highly regulated market, where maintenance costs may be rising more rapidly than rents.

And all the landlords agreed.

Someone needs to explain this basic fact of economics to the Shinners.

Home many apartments Mr. Fitzgerald owning? I am sure it would not in influence him at all.

It’s really not rocket science. Every other city around the world has had the same problem. New York has: - owner occupied ONLY buildings (no investors) - Rent controlled buildings for essential services employees (nurses, teachers, sanitation workers etc) DarraghOBrienTD

Well it's pretty clear when you're introducing Rent controls, it's basically just an admission that you've completely failed.

That was pointed out at the time

What you mean, like, economics 101? GombeenPoliticians and their cynical advisors. rte newstalk

In other news John Fitzgerald stands full sqaure behind landlords and homelessness.

Ah fuck, plan b so we will just ask every landlord to take half the rent every month

Must be on BillBadbody Christmas list.

How is the homeless landlord doing, its probably time to treat us to an update

Close the borders. IrelandisFull

More utter bull crap from the gangsters

Rubbish.

If you aren't capable of renting out a property without charging extortionate rates you shouldn't be in the rental business to begin with

If we increase rents new homes will appear in our cities and towns.

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