Quote:
Originally Posted by embee
You always have to keep in the back of your mind that rented property is still owned by someone, whether it's privateers, businesses or state.
It's invariably a case of supply and demand. The demand has been outstripping supply for decades for a host of reasons and excuses.
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Yes, and not ignored. But I just think it's inappropriate that owners seem to be able to make huge amounts of money simply due to the fact that they own and without taking much risk - where's the downside that usually goes with such rewards?
I think the root of the issue is the control of land - rebuild cost for the houses (i.e. what insurers underwrite on buildings policies) is often massively less than the purchase cost nowadays. Supply of land is so heavily controlled that it's surely wrong to think the property market is fair.