tag:blogger.com,1999:blog-9172766774137902766.post5285547632074930271..comments2023-12-23T09:28:20.869+00:00Comments on The View from Cullingworth: Housing: 'managed sprawl' rather than rent controls and public subsidyUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9172766774137902766.post-50961560642642466782015-05-21T16:50:08.246+01:002015-05-21T16:50:08.246+01:00The mechanism at work here is simple: acquire prop...The mechanism at work here is simple: acquire properties full of sitting tenants paying well below the market rate, but who by virtue of whatever twisted logic have the right to stay on at these good rates virtually forever.......<br /><br /><a href="http://www.kingsmillstudios.co.uk/" rel="nofollow">All inclusive student accommodation in Huddersfield</a> | <a href="http://www.kingsmillstudios.co.uk/" rel="nofollow">Cheap student accommodation in Huddersfield</a>Jhon Staphenhttps://www.blogger.com/profile/10937061833440235701noreply@blogger.comtag:blogger.com,1999:blog-9172766774137902766.post-4599236416577268032015-04-28T12:14:08.511+01:002015-04-28T12:14:08.511+01:00What worries me is that Milliband knows this. He&...What worries me is that Milliband knows this. He's not a stupid person, has a masters in economics and is quite aware of the disaster that rent/price controls would be. Yet he's still willing to implement a dangerous policy because it's popular with those on the left.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9172766774137902766.post-23012013900154986682015-04-27T11:56:58.129+01:002015-04-27T11:56:58.129+01:00One unexpected side effect of rent controls is tha...One unexpected side effect of rent controls is that after they have been in place for a while, they make the accumulation of huge property fortunes relatively easy, but only if the person doing so takes a view untroubled by morals and fellow feeling of his fellow man.<br /><br />The mechanism at work here is simple: acquire properties full of sitting tenants paying well below the market rate, but who by virtue of whatever twisted logic have the right to stay on at these good rates virtually forever. This makes the property virtually unsaleable at any price, as it will soon turn into an albatross instead of a profit centre.<br /><br />Once acquired, do everything in your power to make the tenants move out, whether this is legal or not. Once out, terminate their tenancies. Once you've got rid of all of them, renovate and re-let the properties at market rates.<br /><br />Profit!<br /><br />A certain character with the soubriquet of "Nasty Nick" has made a fortune doing this, entirely on the back of rent controlled properties; many people would be much happier were the preconditions for such fortunes not set up.Danhttps://www.blogger.com/profile/02618328278732100203noreply@blogger.com