Rob discusses the current situation in the Scottish housing market where Scottish councils are proposing to raise rents by as much as 8.4% to cover their costs, while private landlords are constrained by rent caps.
Rob highlights the unfairness of this situation, as landlords face high mortgage rates and are unable to take advantage of the rent cap loophole. The episode explores the consequences of these policies, including landlords selling their properties and decreasing the supply of rental housing.
KEY TAKEAWAYS
BEST MOMENTS
"Rent controls or price controls of any sort do not work."
"There's not enough housing stock because landlords are being pretty much pushed out of the market."
"It's just insanity. Insanity from the point of view of what they're trying to achieve and how they want people to get there."
"A lot of faeces close to hitting the fan up in Scotland on the housing sector."
"I just wish for a lot of things, but a bit more joined up thinking from people would be fantastic."
VALUABLE RESOURCES
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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