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Dr. Brendan K O'Rourke

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Regulated Rent Reduction needed

Posted by Brendan O'Rourke on March 26, 2020 at 3:35 PM Comments comments (2)

How about a price ceiling on rents at 20% less than 9th March 2020

It is good to see the government put a freeze on rent and evictions, but I think more needs to be done. Given the shock to the economy and incomes, current rents are no longer related to market conditions. The market would probably show this itself if it ‘was let rip’ with people relocating to cheaper locations now that the reasons for living in expensive locations (i.e. their wages) have disappeared. Thank...

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