Rent and price Controls DON'T work - here is a live example!

The Property Nomads Podcast

Rob looks into the repercussions of rent controls in Scotland, highlighting the imminent challenges faced by tenants and landlords alike. He dissects the government's decision to implement price controls and the subsequent impact on the housing market.

KEY TAKEAWAYS

• Rent controls in Scotland are set to expire in April, leading to potential rent hikes and mass evictions.
• The imbalance between housing supply and demand in Scotland, similar to the rest of the UK, is a key factor driving rent increases.
• The temporary rent controls implemented during the cost of living crisis have suppressed market forces, leading to a potential spike in rents post-expiration.
• The Scottish government's proposal for long-term rent controls and new tenant rights may further disrupt the housing market.

BEST MOMENTS

"Rent controls and price controls do not work whatsoever. There's thousands of years of history to show you that rental caps or price caps don't work."

"The market's been suppressed. So now the market has got the freedom to do what the market needs to do. You're going to have this big jolt up."

"It's better if you would have allowed the free market to have done what the free market does."

"The very people that they're seeking to want to protect are the very people that are going to lose out. Period."

VALUABLE RESOURCES

https://www.msn.com/en-gb/news/uknews/private-tenants-in-scotland-face-big-rent-rises-and-mass-evictions-from-april/ar-BB1i6WtX?cvid=b1a8fd5679484351b946708e3b534b51&ocid=winp2fptaskbar&ei=20&sc=shoreline

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast