Marvin’s big idea – rent capping – or is it a flight of fancy?

Written by Martin Thomas

February 28, 2022

Marvin Rees wants to bring in rent capping in Bristol to help renters. This has been tried before but a scandinavian economist said that the best way to destroy a city after carpet bombing is to introduce rent controls! He is holding a “Renters Summit” on 2 March. It sounds grand but all it can achieve at the moment is damage to the climate environment through producing a mass of hot air. The government would need to pass legislation to enable Bristol to introduce such a measure and that is currently unlikely to happen.

When public bodies are unwilling or unable to provide cheap, low cost rented property for people either themselves or through Housing Associations, the only other source of rented property is the private sector. Yet Labour led councils seem intent on being anti landlord.

One tenant on the local news expressed astonishment that a landlord might want to put rents up at the end of a tenancy – you have to ask “did your wages go up this year?”

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About the Author

Martin Thomas

Martin Thomas

A qualified accountant by profession, Martin first started letting to students in Bath in 1980. With a growing portfolio Martin now operates in partnership with his wife, son and daughter. Martin has been an active member of the local landlord association since the 90’s and is a Trustee of the ALL Wessex Committee.

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