New legislation brings in a range of new, socialist polices designed to make rental properties more available and more affordable:
- High tax on houses left empty
- Investment funds cannot own public housing
- Capped rent in locations that need it
- Tax breaks if you rent to younger people
And importantly, a new designation called “great landlord”, which is any person or entity that owns more than 10 properties. This is wonderful, and a way of helping to reverse inequality.
Such landlords can only increase rent once every decade. They also suffer price caps and miss out on many of the tax breaks offered to other property owners